Organisations can be dragged to court in
today's litigious environment for various
reasons (right or wrong). It can be for an
injury to a visitor on your premises or
damage to some adjoining property due to
your negligence or one of your employees
damaging some one else's property in the
course of doing work to name a few reasons.
If the concerned authorities hold
you responsible for the resultant
damages the payout could potentially
be in millions. Hence, all
organisations need to have this
policy in some form or the other.
Cost of defending such actions can
also be covered under this
The standard policy form in most cases would
need customisation to ensure that a wider
range of potential liabilities would be
covered. Any company whose operations of
whatsoever description could possibly incur
liability to third parties would be likely
to be interested in this cover.