Liability

—  Automobile Liability

Vehicles are a medium used by businesses and companies to carry out their operational activities.These activities involve the risk of having an accident and damaging the property of third parties. Imagine the company’s truck hits a gas pipeline, causing damage to homes around. The resulting damage has to be paid by the company. Therefore, Rama Automobile Liability Insurance provides protection against the risks resulting from such vehicle operations.

Insurance includes:

Loss (including costs and expenses of the claimant) in connection with bodily injury and/or damage to third party property arising from the use of vehicles (self-owned or non-self-owned) by the insured in connection with work activities during the insurance period.

Who needs this insurance?

Companies engaged in the industry of goods & services that use / own vehicles in carrying out operational activities by following the conditions contained in the work contract.

Insurance excludes:

• Obligations carried by the Insured in each contract or agreement
• For any liability which becomes the responsibility of the Insured or the transport company as the insurer by following each law of labour compensation or disability benefits, or according to any laws of the like;
• For body injury that occurs to any employee of the Insured arising from and during his employment by the Insured or any liability of the Insured to compensate the other party for damages arising from the injury, but this exclusion does not apply to any injuries arising from and while carrying out the Insured’s domestic work except the benefits for this in whole or in part must be paid or must be provided based on any labour compensation law; for any liability which becomes the responsibility of the Insured or the transport company as the insurer by following each law of labour compensation or disability benefits, or according to any laws of the like;
• Damage to property.
• Property owned or being transported by the Insured,or
• Property leased or under the care, supervision or control of the Insured, or that is under physical inspection carried out by the Insured for any purpose, other than damage to property in the residence or private passenger car guaranteed by this insurance.
• For bodily injury or property damage caused by war, whether declared war or not, civil war, violent upheaval, rebellion or revolution or caused by any actions or conditions related to the foregoing matters, in connection with first aid costs by Additional Payment provisions.
• For bodily injury or property damage arising from the release, distribution, release or escape of fog, steam, soot, smoke, acids, alkalis, chemicals, toxic liquids or gases, waste materials or irritants (irritants), contaminants or other pollutants into or on land, air or any water flow or body of water, but this exclusion does not apply if the release, distribution, release or escape occurs suddenly and accidentally.

Further information about excluded risks is as stated in the policy provisions.

—  Professional Indemnity Insurance

As a professional, you are a representative of your organisation/unit. Your reputation is everything and maintaining this reputation is very important for the continuity of your career. If a claim occurs, then our claims section will provide a solution in resolving claims between you and your client to reduce the reputation damage.Even a single claim can damage the business financially because litigation can be expensive, time consuming and involve many parties. This is where Rama’s Professional Liability Insurance function will protect you.

Insurance includes:

Guarantee claims filed against the Insured, by third parties, for damages caused by legal liability that has been proven or is still limited to allegations provided that claims arising from negligent actions, mistakes or omissions that have been proven or are still limited to allegations in the implementation of the Service Expertise by the Insured within Geographic Boundaries.

Insurance excludes:

• Fines, Penalties and Punishments
• Personal injury and property damage
• Claims and / or events that have occurred
• Deliberate actions from the insured
• Subsidiaries / associations (claims between companies of the same group)
• Demands against Directors & Officers of the company in their capacity
• Criminal Acts
• Bankruptcy
• Patent
• Guaranteed future value and income

Who needs this insurance?

Companies that work with:

• Architect, Engineer and Project Company
• Insurance brokers and agents
• Professional Individuals (lawyers, accountants, consultants, doctors, nurses)
• Management or Marketing Consultant Company
• Media and communication companies (publishing, advertising, television, radio)
• Telecommunication company

—  Public Liability

Provide financial compensation suffered by other parties due to negligence / fault of the insured and / or people under the supervision of the insured where the insured manage its business.

—  Employers Liability

A product which provides policyholders with superior protection for their employees. The coverage is to indemnify the Insured for all sums which the Insured shall become legally obligated to pay as damages because of Bodily Injury by Accident or Disease, including death at any time resulting there from, sustained by any employee of the Insured arising out of and in the course of his employment.