Partner for BiH
Liability Insurance
Liability insurance protects your business when, through its operations, you cause loss or injury to third parties — business partners, customers or the public.
Liability risks are among the most frequent and most significant risks companies face, because any business, whatever its sector, can cause bodily injury, material (property) damage or pure financial loss to a third party. For certain activities liability insurance is a statutory requirement, while for all others it is strongly recommended.
In addition to indemnifying the injured party, the policy also covers the costs of legal defence when the claimant brings a claim against the insured. VIPOX identifies all potential liability risks, proposes a solution tailored to your sector and helps you decide which risks to retain and which to transfer to the insurer.
Who it is for
For virtually every business and entrepreneur — particularly firms with premises open to the public, with employees, or with their own production or service. For some activities the policy is required by law, and for all others it is strongly recommended. The policy covers three types of loss to third parties: bodily injury, material (property) damage and pure financial loss.
Real-world examples
A visitor slips and is injured on your premises or in your restaurant; a product defect or failure causes injury or damage to a customer; an error in professional advice or service causes a financial loss to a client; an employee causes loss to the employer or a third party in the course of their work.
Our approach
Liability losses are one of the main drivers of the total cost of risk for most organisations. As an independent broker, VIPOX analyses exposures, identifies opportunities to reduce cost, optimises the insurance programme and tailors limits and cover to the client's specific risks. We draw on our knowledge of the local market and our commitment to every client — we negotiate with insurers on your behalf, secure the most favourable terms and oversee the programme throughout the policy's lifetime. The contract is tailored to your sector — from basic general liability to a combination with product liability, professional indemnity, directors' and officers' (D&O) liability and environmental liability. As AON's partner for BiH, we also provide clients with access to the international insurance market where required.