Third party liability insurance for employers
What is third party liability insurance for employers?
This insurance covers the policyholder’s, as the employer’s, liability for the damage, caused through the policyholder’s fault to the employee at work and / or on the way to / from work due to the accident.
Why is it worth taking out ERGO third party liability insurance for employers?
The employer can be brought to responsibility for the accident at work, where, for example, the injured proves that social insurance does not fully cover the damage, caused to him, the injured thinks that he has suffered non-pecuniary damage or the company’s activities are related to management of major source of risk (e.g. buildings, equipment, machinery).
Where taking out this insurance coverage, ERGO LIETUVA will make restitution for the damage related to the employee’s injury or deprivation of life and as a result thereof expenses incurred (direct losses) as well as remote damages to have been received by the policyholder’s employee if the damage has not been caused, and non-pecuniary damage.
Compulsory third party liability insurance for contractors
The insurance object is the policyholder’s liability for the damage, caused to the third persons, which takes place during the effect of the insurance contract and within the time prescribed by the parties, which cannot be less than 2 years, as concerning the construction works in progress and (or) completed construction works during the effect of the insurance contract.
The insurance object is not the policyholder’s liability for the damage, caused during the construction works in progress and (or) completed construction works to his own or his employee’s property and (or) health, life, and damage, caused to the property of family members thereof, as well as the policyholder’s liability for the damage, caused to the production, manufactured or supplied by the policyholder (as well as the third persons by order of and at the expense of the policyholder) and (or) result of completed construction works. The insurance object is also not the policyholder’s liability for any other activities, which are not relevant to the construction works.
Third party liability insurance for event organizers
The object of the third party liability insurance for event organizers is property interests relevant to the damage, caused by the policyholder to the property of the natural person or to that natural person, as well as the damage, caused to the legal entity as concerning undue organization of the event.
Compulsory civil liability insurance of main researchers and contractors of biomedical research
The insurance object is the property interests of the insured relevant to the liability of the insured, provided for in the laws, for the damage, caused to the third persons, injured during the course of biomedical research, or the damage, which takes place as a result of biomedical research.
Vehicle insurance for the companies selling vehicles and performing service maintenance
Subject to the content of insurance contract, the object of vehicle insurance for the companies selling vehicles and performing service maintenance, can be the property interests:
- related to the damage, caused by the policyholder to the property of the natural person or that natural person, as well as the damage, caused to the legal entity.
- related to the possession, use, and disposal of the vehicles of the company.
- related to the traffic accidents.
The main risk herein is deemed to be CASCO insurance risk of the company selling vehicles and performing service maintenance.
Lawyer professional liability insurance
An insurance undertaking provides coverage to a policyholder (lawyer) against claims filed against that policyholder during the effective period of the policy by an affected person where owing to a failure to fulfill professional duties of the policyholder or inadequate fulfillment thereof resulting in a financial loss of third party the policyholder becomes obligated to compensate the loss in compliance with the procedures set forth in the Civil Code of the Republic of Lithuania.
By the agreement between the insurance undertaking and the policyholder, coverage will also be granted to the policyholder in the event of financial loss due to acts of the policyholder’s assistant and other employees of the lawyer’s office (except technical staff having no direct connection to the performance of professional duties of a lawyer) when they were carrying out the policyholder’s instructions and were under his/her control.
Property and business valuator professional liability insurance
This type of insurance provides coverage to a valuator of insured property and business for the cases where third parties incur financial loss because of a failure to fulfill his/her professional duties or inadequate fulfillment thereof.