Third party insurance is designed to protect you from claims made against you by another person. The primary function of third party liability insurance is to protect you in the event that you cause an accident. Liability coverage will reimburse others and pay for damages awarded in a lawsuit, depending on your insurance limits.
Third Party Liability is an essential class of insurance that gives business owners, property owners and stakeholders very robust protection. A serious incident at an event could be extremely expensive should the liability insurance fail or be insufficiently indemnified.
TPL cover can be placed for specific location only or can be tailor made to cover various business activities of the Insured in various territories under a single policy based on the annual turnover basis.
IDBQ’s experienced team ensures that such TPL policies are drafted, composed and placed with great care.