1.PUBLIC LIABILITY INSURANCE
Provides cover in respect of legal liability to third parties for bodily injury and loss of or damage to property. The policy gives cover for legal liability for damages for accidents causing bodily injury to or death, disease or illness sustained by any person not under a contact of employment to the insured, or accidents causing loss of or damage material property belonging to another and caused during the period of insurance, arising out of and in connection with the business.
2.PROFESSIONAL INDEMNITY INSURANCE
Insurance professional persons or firms for their legal liabilities to third parties arising from their professional error and omission negligence of that of their employees Not only can they cause bodily injury or damage to property through their cause bodily injury or damage to property through their negligence, they can fail to exercise and care that is expected of them.
3.PRODUCT LIABILITY INSURANCE
Provides cover in respect of legal liability to third parties for bodily injury to a person or loss of or damage to property caused by products or goods supplied by the insured. Note that it is not just the manufacturer who can have a product liability, retailers and any firm involved in the chain of distribution can also find themselves bearing responsibility for the good supplied to customers.
4.CARRIER LEGAL LIABILITY POLICY
The cover indemnifies the insured against:- Loss of or damage to the insured property while being loaded, transported and unloaded by them within the territorial limit stated in the schedule during the period of insurance as a result of an accident.
All cost and expenses of litigation:
(A) Recovered by any claimant against the insured:
(B) Incurred with the written consent of the company in respect of a claim against the insured for compensation to which the indemnity expressed in the policy applies.
5.WORKMEN COMPENSATION POLICY COVERS
If any employee in the insured’s immediate service shall sustain death or bodily injury by accident or occupational disease occurring at the place assigned to him for work and if the insured shall be liable to pay compensation for such death, bodily injury or occupational disease under the Ethiopian law.