Liability insurance
Liability Insurance is a type of insurance that is liable for material losses due to legal liability to other parties. Types of Liability Insurance
1. Individual Liability Insurance
This type of liability insurance covers a person from the demands of a third party in his position as an individual person. So not as an employer, entrepreneur or holder of certain professions. Claims for compensation or lawsuits that may be filed by another person (third party) to the insured may arise due to acts such as: a. What he does himself b. When using his own objects (such as vehicles) c. What is done by the person or animal that is his responsibility.
2. Liability Insurance for Entrepreneurs
The word entrepreneur here includes the insured's position as company owner, producer, employer. General liability insurance for employers includes 3 (three) types, namely public liability, product liability & employer's liability.
a. Public Liability
Public Liability Insurance is liability insurance that guarantees risks that occur within the environment of the insured company. So the guaranteed risk is the risk of activities carried out in company plots (called premises). Thus, public liability guarantees premises risks, that is, the dangers that exist in the insured parcel and cause damage to the environment and people, except those suffered by the insured laborers themselves. Premises can be in the form of factories, buildings, theaters, restaurants, shops and so on. Examples of hazards that cause damage to the environment: 1. Factory wastes that damage people's springs. 2. Factory explosion that caused damage to the property of surrounding communities.
In practice sometimes a hotel in order to improve its services includes this insurance for people who live in the hotel. Moreover, people who stay at the hotel, for example, fall due to slippery floors or suffer from an accident at the hotel are covered by the hotel's public liability insurance.
This type of liability insurance covers a person from the demands of a third party in his position as an individual person. So not as an employer, entrepreneur or holder of certain professions. Claims for compensation or lawsuits that may be filed by another person (third party) to the insured may arise due to acts such as: a. What he does himself b. When using his own objects (such as vehicles) c. What is done by the person or animal that is his responsibility.
2. Liability Insurance for Entrepreneurs
The word entrepreneur here includes the insured's position as company owner, producer, employer. General liability insurance for employers includes 3 (three) types, namely public liability, product liability & employer's liability.
a. Public Liability
Public Liability Insurance is liability insurance that guarantees risks that occur within the environment of the insured company. So the guaranteed risk is the risk of activities carried out in company plots (called premises). Thus, public liability guarantees premises risks, that is, the dangers that exist in the insured parcel and cause damage to the environment and people, except those suffered by the insured laborers themselves. Premises can be in the form of factories, buildings, theaters, restaurants, shops and so on. Examples of hazards that cause damage to the environment: 1. Factory wastes that damage people's springs. 2. Factory explosion that caused damage to the property of surrounding communities.
In practice sometimes a hotel in order to improve its services includes this insurance for people who live in the hotel. Moreover, people who stay at the hotel, for example, fall due to slippery floors or suffer from an accident at the hotel are covered by the hotel's public liability insurance.
b. Product Liability Insurance
This type of insurance is also called liability for production results, which is insurance that guarantees employers against the risk of being sued by third parties (consumers) due to bodily injury or property damage due to using their production results that have been circulating in the market. Production results that result in losses to these consumers include the result of: a. Design / construction error. b. Error in the manufacturing process c. Mistakes in giving an explanation of the use or how to process it, including printing errors in brochures and so on.
c. Employers Liability Insurance
This insurance is also called employer liability insurance. If a worker gets injured while doing his job, then the employer must be responsible. The employer's liability for workers' accidents is regulated in the Labor Accident Act of 1947. Furthermore, starting in 1977 the employer's obligation to provide compensation to his workers who had an accident is governed by Government Regulation No. 33 of 1977 the implementation is the ASTEK and TASPEN Public Corporation (PP No.34 1977).
3. Professional Liability Insurance
This type of insurance is called Professional Liability Insurance, which is insurance that guarantees reimbursement to profession holders (architects, debtors, lawyers, and so on). To the risk of being sued by a client who due to his mistakes or due to negligence caused his client suffered bodily or property loss As an example:
a. The forgotten surgeon left tweezers on the patient's stomach.
b. The building collapsed due to a design error or architectural miscalculation.
c. Accountant mistakes in making a balance, so the client concerned must pay taxes that are far greater than they should.
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