Liabilities Insurance - Panorama Insurance Brokers

Liabilities Insurance

Protect Your Business from a Range of Liabilities

Panorama can arrange personalised global liability insurance for companies operating overseas in high-risk regions. We can assist you in meeting your contractual liabilities with policies backed by long established international insurers.

A contractual requirement of most projects, third-party liability insurance is purchased by the insured, the first party, and issued by an insurer, the second party, for protection against the claims of another third party. The first party is responsible for its own damages or losses, no matter how they were caused.

As specialists in emerging and post conflict territories, we provide bespoke solutions which take into account geographic, jurisdictional, financial and circumstantial requirements. Our team work with highly experienced and competitive underwriters in this class of insurance.

Employer’s liability insurance covers an organisation against claims for damages and costs resulting from injuries and/or illness suffered by employees during or arising from their employment, as well as the legal costs incurred in dealing with such claims.

Often compulsory, or a contractual requirement, on projects where local laws do not make it compulsory, it always advisable for an organisation to protect itself against employee claims. Panorama provides strong, flexible and cost effective solutions for clients requiring employers liability coverage.

Unique legislation, enacted into US law in 1941 as an extension to the Longshore and Harbor Workers Act of 1927, it requires contractors working on US Government compounds abroad, or as subcontractors to the US Government abroad, to carry coverage.

Essentially this is workmen’s compensation with war and terrorism coverage for US government contractors.

With premium calculated per US$ 100 of payroll, this can be an expensive but compulsory option. We can assist in providing coverage to your employees.

Directors and officers’ liability insurance is payable to the directors and officers of a company, or to the organisation itself, as indemnification for losses or advanced payment of defence costs if an insured suffers a loss as a result of, a legal action brought for alleged wrongful acts in their capacity as directors and officers.

Such coverage can extend to defence costs arising out of criminal and regulatory investigations and trials. Often civil and criminal actions are brought against directors and officers simultaneously.

Intentional illegal acts are not typically covered under D&O policies. Panorama work with experts in this field and are pleased to ensure that directors of client organisations receive the very best advice and strong solutions.

Where a client is at fault for an accident that injures a third party, bodily injury liability coverage helps pay for their medical expenses. Likewise, if a client were to cause an accident that damages someone else’s property, property damage liability coverage helps pay for repairs.

We are pleased to advise clients of their responsibilities and contractual obligations in such matters. Often part of contractual insurance requirements, Panorama has great experience in the provision of Auto Liability insurance for clients in emerging markets.

There are many different environmental liability policy wordings available and with market capacity exceeding $200 million per single risk, there are no industry standards for the coverages offered. The result is that the cover can vary a great deal.

This is a specialised area where the variety of cover and the uniqueness of every project, requires a comprehensive coverage review. Judging a policy in terms of cost, deductible and limit alone is not enough. We have close relationships with experts in this field and have been able to advise clients accordingly, with great success.

Freight Forwarders Legal Liability / Errors and Omissions insurance provides coverage to a freight forwarder or load broker for their liability for physical loss of or damage to customers’ cargo and for their consequential loss resulting from such loss or damage.

Panorama has access to a US$5 million Freight Forwarders Insurance facility with extremely competitive rates.

We offer a bespoke system which is available to clients at the click of a button.

Professional indemnity insurance, sometimes referred to as errors & omissions (E&O), is a form of liability insurance which helps protect professional advisors and service-providing companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, an error or omission in the service or product sold by the defendant.

In emerging markets, where communication can be difficult, the law obscure and situations fluid, such coverage can be vital to any organisation where advice to clients is proffered.

Workmens’ compensation insurance provides annuitised, wage replacement benefits and can also provide medical benefits to employees injured as a result of employment. Often this is provided in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence.

Here local knowledge is vital in understanding local employment legislation.

Often, in emerging economies, local legislation makes no provision for workmen’s compensation. Our experienced Employee Benefits team can help by advising on the client company’s options, and in implementing a strong and cost effective solution.

Call a Panorama global insurance consultant today on
+44 (0)207 692 0642
and speak with a liabilities insurance specialist in your territory.