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LIABILITY

Liability cover varies dependent on what are you intending to insure and liability types are summarized as follows:



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We will go through each and every element of cover listed above in detail

The above elements can be purchased all together in one insurance policy or customized dependent on insured requirements.

The listed covers are capped by limits normally these limits called limit of liability or indemnity both means the same which is the maximum value for any one occurrence and/or in the aggregate during insurance policy period.

Liability policy in Iraq is mostly required by Oil & Gas Operators the reason being when insured contracts with Oilfield Operator the principal has to protect their employees and assets against potential incidents that might be caused by contractors on site and here where liability insurance reacts to claims filed against insured.

Nevertheless, liability provides coverage to all business activities and projects in Iraq subject to territorial limit and jurisdiction.

Liability cover just like any other insurance covers it subjects to deductible for the risk share retained by insured.