General Liability insurance

General Liability insurance – what is it about?

Any company may cause unintentional damage to others in the conduct of its daily activities, operation of buildings, equipment or areas, manufacture of products or provision of services.
In such case, on top of the pecuniary indemnification to the aggrieved parties, significant costs of legal proceedings are also likely to be incurred.
General Liability (GL) Insurance is protection for the company in the event of its liability for bodily injury or property damage of the others.

What will we insure?

  • General Liability

  • Product (Service) Liability

  • Liability for sudden and accidental environmental pollution

  • Employer’s Liability for bodily injury or property damage of the employees

  • Liability for non-pecuniary damage

What will we include without the prior agreement?

  • Damage caused during loading or unloading operations

  • Damage caused by operating self-propelled mobile machines

  • Damage caused during construction or repair works

  • Damage caused by the contractor carrying out the insured activities on behalf of your company

What will we insure by the additional agreement?

  • Damage to property under your care, custody, or control

  • Recall costs of the (potentially) dangerous product

BUNDA GL Insurance Advantages

  • Large sums insured

    Up to EUR 15 million for General Liability insurance.
    Up to EUR 500 thousand for property under care, custody, or control.

  • Non-pecuniary damage

    Non-pecuniary damage will be covered up to the full policy limit (no sublimit apply).

  • Consequential loss

    Loss that is a direct result of the third party bodily injury or property damage shall be covered up to the full policy limit.

  • No sub-limits for legal costs

    Legal defence costs related to the insured event shall be reimbursed up to the full policy limit.

  • Subsequent claims

    We will indemnify for damage caused during the insurance period, even if the claim of the aggrieved party is received after expiry of the insurance period.

  • Cross Liability

    When there is more than one insured under the policy, we can insure their mutual liability against each other.

  • US jurisdiction

    We may insure against risks arising out of or in connection with countries under US jurisdiction.

  • Applicable law

    If needed, we may apply international or other country’s law to the contract.

Practical examples

GL_Painting Sample AdobeStock_298683481
Construction company

Losses: more than EUR 11 thousand
When painting the building structures, due to unfavourable wind direction, 9 cars parked nearby were covered with soil and paint dust

Broken,Showcase,Glass.,Robbery,,Security,,Protection,And,Insurance,Concept.
Shopping Centre

Losses: more than EUR 4,5 thousand
The child was injured by the broken showcase. Medical expenses, non-pecuniary damage and legal costs were reimbursed.

Lots,Of,Solar,Panels,Are,On,The,Roof,Of,The
Solar power plant

Losses: more than EUR 27 thousand

A fire was caused by a solar power plant installed on the roof of the building.

Violent,White,Water,In,Spillway,Of,Hydro-electric,Power,Plant,Of
Hydroelectric power plant

Losses: more than EUR 150 thousand

During the accident, a dammed river spilled, causing damage to nature.

Practical examples

GL_Painting Sample AdobeStock_298683481
Construction company

Losses: more than EUR 11 thousand
When painting the building structures, due to unfavourable wind direction, 9 cars parked nearby were covered with soil and paint dust

Broken,Showcase,Glass.,Robbery,,Security,,Protection,And,Insurance,Concept.
Shopping Centre

Losses: more than EUR 4,5 thousand
The child was injured by the broken showcase. Medical expenses, non-pecuniary damage and legal costs were reimbursed.

Lots,Of,Solar,Panels,Are,On,The,Roof,Of,The
Solar power plant

Losses: more than EUR 27 thousand

A fire was caused by a solar power plant installed on the roof of the building.

Violent,White,Water,In,Spillway,Of,Hydro-electric,Power,Plant,Of
Hydroelectric power plant

Losses: more than EUR 150 thousand

During the accident, a dammed river spilled, causing damage to nature.