Where Can I Get Liability Insurance?

Liability insurance is a type of insurance that protects the insured from being legally responsible for the damages and losses that they may cause to third parties. There are many different types of liability insurance, which include but are not limited to General Liability, Employment practices liability, and professional liability.

General Liability Insurance is a type of coverage that can protect against almost any kind of loss or damage except those specifically excluded by the policy.

Employment Practices Liability Insurance covers employers for claims made by employees who allege that their employer violated employment laws.

Professional Liability Insurance provides protection for professionals such as lawyers, doctors, accountants, and architects who provide services to clients; it provides protection from malpractice claims made by clients or patients. Directors & Officers Insurance covers directors and officers in the event they

What is Public Liability Insurance?

Public liability insurance is a liability insurance policy in which the insurance company provides cover for any physical injury as well damage to the property of third parties caused due to the negligence or accidental way of the policyholder.It is commonly known as Commercial General Liability (CGL) which covers both the Product liability as well as the Public liability.

What Is A First Party Insurance And What It Covers?

First-party insurance, also known as Own Damage cover, protects your vehicle against various damages. It covers losses from accidents, fire, lightning, and natural disasters. Theft and transit damages are also included in this coverage. Unlike third-party insurance, which covers others, this focuses on your own financial loss. It is an optional but highly recommended component of a comprehensive motor insurance policy.

How to Convert Third Party Insurance to First Party Insurance?

Converting third-party insurance to first-party (comprehensive) insurance typically happens during the policy renewal period. You must contact your insurer and request an upgrade to comprehensive coverage. The insurer will likely conduct a physical or digital inspection of the vehicle to assess its current condition. You will need to pay an additional premium for the "own damage" component. Once the inspection is approved and payment is made, a new comprehensive policy document is issued.

How to Convert 3rd Party Insurance to 1st Party?

To convert third-party insurance to first-party or comprehensive cover, contact your insurer during the policy term or at renewal. The company will likely require a physical or digital inspection of your vehicle to assess its condition. You must pay an additional premium for the own-damage component. Once approved, the insurer issues a new policy document. Note that conversion is subject to the vehicle’s age and the insurer’s satisfactory inspection report.

How to Check First Party Insurance?

The first party in the car insurance policy is the owner of the car or the person in whose name the policy is registered. This first party has to pay their car insurance premium to their insurance provider and can claim the benefits under the insurance.

What is First Party and Third Party Insurance?

In first-party insurance, the benefits are for the insured car and its owner as well as the third party if needed. Third-party insurance policies only take care of damages or injuries/death of third-party property or persons.