General third party liability insurance
Our general third party liability (GTPL) insurance offers comprehensive and customized coverage for risks incurred by companies to be held liable for damages suffered by third parties as a result of an act or omission.
There are several important reasons for purchasing GTPL cover, including:
Changes in law and jurisdiction can result in additional obligations and responsibilities of enterprises. Especially in the field of employer liability, risks are greater for every entrepreneur.
Associations and clients
More often there is the obligation from associations and clients to have a GTPL insurance with a minimum insured amount.
Increase in claims
Clients, but also subordinates, try increasingly to recover damages and are more aware of their ability to claim.
Even if the insured is not to blame, they may still be liable for legal cost claims from third parties or subordinates. Defense and assessment costs are covered under our product.
With the GTPL insurance we provide legal assistance within the coverage of the policy. We also assist the lawyer in a legal proceeding or a form of alternative dispute resolution.
Markel has various options for GTPL cover including office risk combined with professional indemnity insurance. We also offer various companies solutions for a separate GTPL insurance. For a fully detailed quotation we would request an application form completed and signed by the policyholder.