At Lorcan Egan Insurance we arrange Liability insurance for a vast range of occupations and risks. There are four areas of Liability Insurance:
- Public Liability
- Employers Liability
- Products Liability
- Professional Indemnity Cover (More details under Professional Indemnity tab)
Public Liability Insurance
Public liability insurance protects the policyholder range that of their legal liability arising out of injury damage or loss course of third-party property of persons arising out of or in course of the business. the “some insured” under a liability policy is referred to as the limit of indemnity and that represents the maximum amount payable by the underwriter in respect of a claim. Limits of indemnity tend to start at €2.6million with increase is available to €6.5 million and beyond.
Products liability insurance is generally treated as an extension to the public liability insurance contract and protects the insured in respect of their legal liability for products and services sold and supplied.
Employers Liability Insurance
This insurance protects the insured in respect of their legal liability for injury to employees arising out of and in course of the business. Although not a legal requirement in Ireland, Employers Liability Insurance is extremely advisable for all businesses and individuals employing others. Limits tend to be €13M although higher levels of cover may be purchased on request.