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Tata Aig Liability Insurance |
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Crime / Fidelity Insurance
It is precisely because companies trust their staff, that many companies don´t think they need protection from fraud. The unpleasant statistic is that about 90% of company fraud is carried out by a company's own employees, and it is usually by its managers and supervisors.
The truth is that it´s the more trusted and senior staff that have knowledge to skirt round security measures and set up insidious fraud systems. And when they strike, it´s usually not once, but again and again over a period of time (often years), sometimes on their own, sometimes in collusion with outsiders.
Clever concealment is why most frauds are uncovered by accident and why recovery rates are so low. Fortunately it's only the minority of trusted staff who turn nasty but there are many reasons why they do turn nasty - company separation, which can be emotionally devastating and financially crippling, company restructures which breed resentment with new bosses, frustration with career prospects, a looming retirement date and pension worries and even boredom.
All of these situations can and do give trusted staff the malign motivation to steal. Of course, we hope they don't, but the facts speak for themselves. We have developed our Crime insurance products for companies that don't want to rely on wishful thinking and require protection or safeguard from such frauds.
Public / General Liability Insurance
Overview
Public Liability Insurance offers cover for third party liabilities (Bodily Injury / Property Damage) arising out of the premises occupied by the Insured and legal costs incurred in connection therewith. The policy can be extended to cover legal expenses arising out of Pollution, Act of God Perils, Transportation of Hazardous Substances, Carriage of treated effluents etc.
Customer Profile
This policy can be offered for manufacturing premises, Godowns / Warehouses. While this addresses the requirements of the manufacturing enterprises, other non manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs, can avail of this insurance cover.
Depending upon your nature of operations Tata AIG Can customize your Public Liability Insurance policies as follows:
• Public Liability Industrial Risks - For Manufacturing Units.
• Public Liability Non Industrial Risks - For Non Manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs
• Public Liability Act - For all business units handling hazardous substances as per Public Liability Act, 1991.
Tata AIG Advantage
Tata AIG´s public liability coverage option gives you the freedom to choose between:
• Commercial General Liability and traditional Claims Made Wordings
• Duty to Defend and Reimbursement Type Wordings
• Claims Made and Occurrence Based wordings
• Defense Costs in addition and Defense Costs Inclusive covers
• Retention and Deductible based coverage
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