Get advice from our underwriters
Carolina Claramunt
cclaramunt@segurosorion.cl
Liability Insurance
Liability Insurance
Liability insurance protects a company from any incurred expenses, resulting from damage to third parties, as well as the insured’s defense expenses, within the policy’s limits.
Coverage
Coverage
- Business Liability
- Homeowner Liability
- Vehicular Liability
- Construction Liability
- Employer Liability
- Passenger Transportation Liability
- Product Liability
- Cargo Liability
• E-mail address.
• Number of employees (in-house).
• Number of employees (contractors).
• Average wages.
• Incident rate for the past five (5) years.
• Contract amount.
• Sum to be insured, e.g., UF 3,000, UF 5,000, etc.
• Number of vehicles with a weight capacity less than 750 kg.
• Number of vehicles with a weight capacity greater than 750 kg.
• Number of mobile pieces of equipment (cranes, forklifts, etc.).
• Company or jobsite locations (street, # and district).
• Policy term (from DD-MM-YYYY through DD-MM-YYYY).
• Business activity: precise details about what you do and the company’s structure.
• Name and Tax ID number of any additional insured parties (only in the event that additional insured parties are required).
• Description of the business/activity to be insured: it is of the utmost importance to detail the activity precisely and to draw attention to where the risk may be.
• E-mail address.
• Number of employees (in-house).
• Number of employees (contractors).
• Average wages.
• Incident rate for the past five (5) years.
• Contract amount.
• Sum to be insured, e.g., UF 3,000, UF 5,000, etc.
• Number of vehicles with a weight capacity less than 750 kg.
• Number of vehicles with a weight capacity greater than 750 kg.
• Number of mobile pieces of equipment (cranes, forklifts, etc.).
• Company or jobsite locations (street, # and district).
• Annual sales or income of the company during 2023 and as projected for 2024.
• Policy term (from DD-MM-YYYY through DD-MM-YYYY).
• Business activity: precise details about what you do and the company’s structure.
• Name and Tax ID number of any additional insured parties (only in the event that additional insured parties are required).
• Description of the business/activity to be insured: it is of the utmost importance to detail the activity precisely and to draw attention to where the risk may be.
• Employer liability.
• Cross liability.
• Cargo liability.
• Passenger Transportation liability.
• Construction liability.
• Homeowner liability.
• Automobile liability.
• Contractor’s mobile equipment liability.
• Contamination and pollution liability.
• Product liability.
• Liability resulting from events organized by the insured party.
• Liability of property under the control and custody of the insured party.
• Incidental medical malpractice liability.
• Parking lot liability.
• Tenant liability.
• Criminal defense.
• Under/over water works are not covered.
• Events are not covered.
Why is liability insurance necessary?
What are the advantages of purchasing liability insurance?
Any person is at risk of causing damage to others at some point. Therefore, it is essential to mitigate that risk by purchasing a liability policy that protects your property. Increasingly, people require greater protection in this field, because of the potential adversarial situations they might face both in their private and work life. In addition, more and more laws require this type of insurance for a continually growing number of risks. Liability insurance is a comprehensive policy which covers virtually all the insured’s expectations, because of the Coverage it provides, and its rate can be aligned to the features and characteristics of the various risks involved.
Any individual or legal entity which engages in a business activity, resides in Chile and is subject to Chilean laws can be insured.
The cost of liability insurance depends on a relevant technical analysis, based on the type of risk and its characteristics, the time involved and the insured sum.
No. In this case, you can only get non-contractual liability insurance.
Any person is at risk of causing damage to others at some point. Therefore, it is essential to mitigate that risk by purchasing a liability policy that protects your property. Increasingly, people require greater protection in this field, because of the potential adversarial situations they might face both in their private and work life. In addition, more and more laws require this type of insurance for a continually growing number of risks. Liability insurance is a comprehensive policy which covers virtually all the insured’s expectations, because of the Coverage it provides, and its rate can be aligned to the features and characteristics of the various risks involved.
Any individual or legal entity which engages in a business activity, resides in Chile and is subject to Chilean laws can be insured.
The cost of liability insurance depends on a relevant technical analysis, based on the type of risk and its characteristics, the time involved and the insured sum.
No. In this case, you can only get non-contractual liability insurance.
