Liability

Public Liability

 

It is common to find the following written in places such as Hotels, Theatres, Super markets, Schools, Office Buildings and Institutions: “Parking at owner’s risk” This however, does not insulate you from liability to your customers or visitors for you owe them a duty of care and should they have their property damaged, lost or suffer injuries whilst at your premises you could be held liable. This insurance will therefore, cover you against claims you shall legally be liable to pay as damages for accidental bodily injury or damage to property belonging to your visitors.

 

Owners of such businesses and or premises as mentioned above should ensure to have this insurance in place to avoid costs associated with such claims.

Product Liability

 

Product liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business. It is designed to help protect your business by ensuring that if this happens, you don't have to pay any legal or court costs.

 

If you manufacture or supply goods, there’s always the possibility that your product could cause damage to a third party – that could be property or another person. A small defect could open you up to massive claims, so this cover is vitally important for product manufacturers.

Professional Indemnity

 

This cover comes to the rescue of many professionals following an error or omission. This is best for Doctors, Lawyers, Accountants, Engineers, and similar professionals.

 

This insurance covers incidents of professional negligence or misconduct for which compensation may be claimed from those providing such professional services, thus the need to have this cover. Examples are doctors prescribing wrong medicine to a patient, Lawyers advice leading a client to suffer losses, Engineers drawing faulty designs, etc.

 

In order to effect cover, we will need full information about the professionals, their qualifications and period/type of service.

Workers’ Compensation

 

This is a statutory insurance cover and as per the Workers’ Compensation Act of 2000 that requires every employer in Uganda to insure his or her employees against accidents causing injuries or illness to  workers as a result of work related activity or exposure during the course of their duties  under your employment and/or supervision.

Therefore, all categories of workers whether full time, part time, casual or apprenticeship are by law expected to be insured under this policy.

 

Compensation under this policy is based on the workers earnings of up to a limit of 60 months for death or bodily injury as may be assessed by a medical practitioner, loss of limbs and costs for medical and hospitalization expenses.

 

We shall require details of such workers indicating their work category, number and their monthly earnings.

Directors & Officers Liability

 

Directors & Officers Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act in serving the company, allegations and lawsuits brought against an organization's board of directors and/or officers.

These types of claims have become increasingly common and directors and officers themselves could be held personally liable:

 

  • Defense costs
  • Damages and compensation awarded against director
  • Interest and costs awarded against a director

 

The insurance covers the amount that the director or officer is legally obligated to pay, including the cost of defending any claims. The policy also covers reimbursement to the company for the costs of meeting its obligations under director’s indemnity provisions.