The policy covers legal liability for accidental property damage of and/or death/personal injuries to third parties arising out of operation of the Insured business within the territorial scope.
The policy specifically excludes liability arising out of products being sold, supplied or professional Services rendered by the insured, loss or damage to property belonging to or in the care, custody or control of the insured, and liability to Employees against occupational accidents/injuries.
This policy can be extended to protect against legal liability to third parties for property damage and/or death/personal injury arising out of Defects in the products being sold, supplied or manufactured by the insured (product liability).
Risk Mitigation.Enhanced Cash Flow.Customer Diversification.Global Trade Support.Facilitates Financing.Financial Stability.When presenting credit insurance under the liabilities-and-financial-lines section, it's crucial to begin with a clear description of what credit insurance entails and its significance for businesses. Follow this with a breakdown of the six important points, highlighting how credit insurance mitigates risk, improves cash flow, encourages customer diversification, ensures financial stability, facilitates financing, and supports global trade.
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