What is Liability Reinsurance?
The term Liability Reinsurance refers to an insurance product that provides an insured party with protection against claims resulting from injuries and damage to other people / property. Liability Reinsurance policies cover any legal costs and payouts an insured party is responsible for, if they are found legally liable.
Who should look out for Liability Reinsurance?
All businesses, from manufacturers to service providers, can face substantial indemnity risks – be it due to human error, mechanical failure or accidents. They are an unavoidable part of doing business. In many industries, liability risk scenarios have become extremely multifaceted and challenging to assess – a trend that is continuing. However, risks should not pose an obstacle to business success.
Who can help overcome the risks?
An experienced partner, with a deep understanding of the challenges you face, can deliver the support you need.
You can bank on:
How can the KMD team help?
Team KMD has tremendous experience in specifically designing policies to take care of industry requirements, such as, Terminal Operators Liability, Aviation Refueling Liability, etc. Apart from this, the team also specializes in other types of liability insurances, such as, Directors & Officers Liability Insurance Policy and Professional Indemnity Insurance policies.
After carefully assessing your needs, Team KMD will structure a policy to exactly meet your requirements from a wide range of insurers / reinsurers. In the event of a claim, our in-house team will assist you in all claim-related processes and make sure there is as little disruption to your business as possible.
Liability Claims Takeaways - August 2021
Engaging Benefits to Support Employees through COVID-19
New rules for mandatory recall and fine
