Liability Insurance

Liability insurance is a part of the general insurance system of risk financing to protect the insured from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Originally, individuals or companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss. The modern system relies on dedicated carriers, usually for profit, to offer protection against specified perils in consideration of a premium.

Liability insurance is designed to offer specific protection against third party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies.

WORKMEN'S COMPENSATION INSURANCE (WC)

WC policy covers the insured's employees and laborers whilst on duty in the service of the Insured including transportation from place of residence to place of work and vice-versa provided a normal and direct route followed subject to the terms, exclusions and conditions fully described in the policy and in accordance with the provisions of the current Kuwait Labor Law.

The above cover can be extended to include the following:

• Employer’s liability up to a certain limit of indemnity.
• Working on Fridays, Public holidays and Overtime (Insured has to provide details of such wages).

RISK COVERED SUBJECT TO 

• Clauses mentioned in the policy

Information required:

• Description of Insured’s business / title
• Name and Occupation of Employees
• Estimated number of Employees
• Estimated Total Salaries, Wages and other Money earnings per month
• Estimated total Earnings for the Period of Insurance

A proposal form has to be filled out.
The final scope of the cover will be subject to the terms, exceptions, exclusions and conditions fully described in the policy.

MEDICAL MALPRACTICE LIABILITY INSURANCE (MML)

Medical Malpractice Insurance is one type of professional liability insurance which protects physicians and other licensed health care professionals (e.g., dentist, nurse) from liability associated with wrongful practices resulting in patients bodily injury or death. Subject to terms, exclusions and conditions described in the policy.

Information required:

• Name of Person
• Title
• Date of Appointment
• Salary

A proposal form has to be filled out.
The final scope of the cover will be subject to the terms, exclusions and conditions as described in the policy.