The policy covers the amount the insured is legally liable to pay as damages consequent upon accidental bodily injury or illness of any third party and accidental loss of or damage to property occurring in connection with the insured business or use of the insured’s property. It also covers legal costs and expenses recovered against the insured by any successful claimant.
STATED BENEFIT (WOMEN'S COMPENSATION)
This policy covers bodily injury caused by accidental, violent, external and visible means to any principal, partner, director or employee of the insured. The company will pay to the insured, on behalf of such person or his estate, the compensation stated in the schedule in the event of accidental bodily injury to any such person directly and independently of all other causes resulting within 24 Calendar months in death or disability as specified in the schedule under the heading circumstances.
This policy covers professional people against their legal liability to third parties incurred whilst engaged in their profession. For example, a patient may institute a claim against a Medical Officer who negligently prescribed a wrong drug to him. The Medical Officer may fall on her professional indemnity insurers to bail her out.