This insurance is designed to cover all sums which the Insured shall become legally liable to pay as compensation for accidental bodily injury to and/or damage to property of any third party arising out of and in connection with the Insured's business.

Broad Coverage.

In addition, all costs and expenses of litigation recovered by any claimant against the Insured or incurred with the written consent of the insurer are covered within the limit.

Extensions

• Fire and explosion
• Cross liability
• Overseas visits

Exclusions

• Assumed by you by agreement and which would not have attached in the absence of such agreement
• Liability directly or indirectly occasioned by or through or in consequence of pollution or contamination or defective sanitary arrangements
• Liability in respect of any breach of professional duty or service whether omission or commission
• Liability in respect of death, injury, illness, disease, loss or damage which results from a deliberate act or omission of the insured
• Liability in respect of death, injury to or illness, or disease of any person or loss of or damage to any property or land or building caused by vibration or by the removal or weakening of support
• Through or in consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war rebellion, revolution, insurrection or military or usurped power riot, strike, civil commotion, terrorism or violence
• Directly or indirectly caused by or contributed to by ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel; the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof
• The ownership possession or use by or on behalf of the insured of any motor vehicle or trailer for which compulsory insurance is required by legislation

The policy offers to indemnify the legal liability that you incur as a result of bodily injury or property damage caused by the use of your products after they are sold or supplied.

How To Choose The Sum Insured?
The sum insured must be chosen taking a worst case scenario including the number of persons who could be injured or who could contract illness or disease after the use of the products. In case of exports, adjustments must be made in keeping with local laws. To the maximum possible legal liability that you may incur, please add the possible legal expenses that will be incurred since the sum insured includes legal costs.

The full range of benefits available under the policy is detailed therein and is subject to the terms, conditions and exclusions applicable to the cover.

Exclusions
The policy does not cover product liability or costs arising out of:

• Asbestiform talc, asbestos, diethylstilbestrol (DES), dioxin, urea formaldehyde, or acquired immune deficiency syndrome (AIDS)
• Costs incurred in repairing products
• Costs incurred in recall of products
• Loss of goodwill or loss of market
• Fines, penalties, punitive or exemplary damages
• War risks, nuclear risks
• Contractual liability
• Product guarantee
• Failure of goods to fulfill intended purpose

It has frequently been laid down in court judgments that the highest possible standard of care and accuracy is required from a professional who accepts a fee for giving advice on technical matters.

This special form of insurance provides cover for the Insured's legal liability for financial loss incurred by a Third Party arising out of the advice given in a professional capacity.

Workmen’s Compensation insurance provides cover for Employers against their liability arising under the WCI Act as well as protecting the employers against any legal liability arising from claims by their employees at Common Law.

The WCI applies to all employees regardless of their level of earnings. It is not compulsory to cover those employees under WCI policies, however, still required to pay compensation in the event of a valid claim under the Act.

The maximum amount payable under the policy is limited to LKR 550,000.

Extensions

• Riot & strike
• Terrorism
• Fist 3 days cover
• 24 Hours cover

Exclusions

• Any injury by accident or disease directly attributable to war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, mutiny, insurrection, rebellion, revolution or military or usurped power
• The insured's liability to employees of contracts to the insured
• Any employee who is not a workman within the meaning of the law(s)
• Any liability of the insured which attaches by virtue of an agreement but which would not have attached in the absence of such agreement
• Any sum which the insured would have been entitled to recover from any party but for an agreement between the Insured and such party