Insurance

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07 August 2013 Please explain what is corporate liability Insurance?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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07 August 2013 Modern business liability insurance exposures arise from many sources: from third parties, from products, from the environment, from emerging risks. They are growing in size and in complexity, but remain similar in one crucial dimension – their long-term nature.

Major corporations facing business liability risks across multiple worldwide locations need a reliable long-term partner with global reach.

Allianz Global Corporate & Specialty offers financial security you can rely on today and far into the future (backed by our S&P AA and A+ A.M.Best ratings - the highest combination of any global property and casualty insurer), and a reputation for finding global solutions to the most complex corporate liability risks.

We meet this challenge with an expert team of underwriters, claims and risk consulting professionals (including lawyers, engineers, scientists and industry specialists) supported by major capacity for the largest business liability insurance challenges, embedded in a service network in more than 160 countries worldwide.

Our teams are able to customize coverage to clients’ needs, and have many years’ experience across all international industries: for example, for pharmaceutical manufacturers, construction companies, power and utility companies or automotive manufacturers.

Our business liability insurance products typically cover personal or bodily injury and property damage, and can be offered through individual primary policies, through excess layers and umbrella policies, or through international insurance programs for multiple risks in multiple locations.