Comprehensive General Liability Insurance for IT and Software Industry

A general liability policy protects the policyholder from losses or injuries caused to third parties. In the IT and software industry, customers may be unsatisfied and seek refunds or even sue the company. To mitigate these risks and prevent losses, it's crucial for the IT and software sector to have a comprehensive general liability insurance policy.

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Liability from Product or Service
Property damage or Bodily Injury
Medical & Legal Costs Covered

Get ₹5 crores insurance cover starting at ₹25,000+

Liability from Product or Service
Property damage or Bodily Injury
Medical & Legal Costs Covered
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Comprehensive General Liability Insurance for IT and Software Industry: Inclusions

The comprehensive general liability insurance for IT and software industry includes the following risks.

  • The comprehensive general liability policy offers coverage for the bodily injury suffered by a third party.
  • Any disability caused to a third party shall be covered under the comprehensive general liability policy.
  • Any damage to the property of a third party shall be covered under the comprehensive general liability policy.
  • Any personal injury caused to a third party shall be covered under the comprehensive general liability policy.
  • Any reputation harm caused to a person due to the advertisement method of the IT sector and software industry shall be concluded under the comprehensive general liability policy.
  • Any lawsuit shall be settled under the comprehensive general liability policy.
  • Any cost that arises due to the investigation shall be covered under the comprehensive general liability policy.
  • Any medical expenses incurred by the third party shall be compensated under the comprehensive general liability policy.
  • Any settlement arising due to a lawsuit shall be covered under the comprehensive general liability policy.

Comprehensive General Liability Insurance for IT and Software Industry: Exclusions

The following are the exclusions of Comprehensive General Liability Insurance for IT and Software Industry.

  • Any willful injury inflicted on a party by the policyholder shall not be included under the purview of coverage of the comprehensive general liability policy.
  • Any contractual liability cannot be discharged by the comprehensive general liability policy.
  • Any damage related to the workmen's compensation shall only be dealt with under the Workmen Compensation Act.
  • Any similar law with regard to workmen's compensation shall not be covered under the comprehensive general liability policy.
  • Any damage to the property of the policyholder shall not be covered under the comprehensive general liability policy.
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Comprehensive General Liability Insurance for IT and Software Industry: Add-ons

The policyholder may extend the coverage of existing comprehensive general liability insurance policy by adding the following.

  • The policyholder may expand the scope of coverage of comprehensive general liability policy by adding unique add-ons.
  • Medical expenses incurred by a third party for the bodily injury designated at the premises of the policyholder can be covered under the existing policy.
  • Any reputational injury suffered by a party can also be covered under the existing policy.
  • Any damage that arises due to pollution can be covered under the same policy.

Comprehensive General Liability Insurance for IT and Software Industry: Claiming Process

  • Notify the Insurer about the incident
  • Write a letter or email to the insurer
  • Investigator shall be appointed
  • Surveyor shall investigate the incident
  • Surveyor shall prepare a report
  • Report shall be submitted to the insurer
  • Insurer shall examine the claim
  • The claim shall be settled

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Policybazaar for Business - Comprehensive Liability Insurance - Customer Reviews
View all 27 reviews
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4/5
Based on 27 reviews
4
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Based on 27 reviews
1 users
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11 users
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4.3 April 09, 2023
Shubh
Competitive Premiums
The premiums offered by PolicyBazaar for the Comprehensive General Liability Insurance are competitive, considering the extensive coverage and top-notch customer service they provide.Truly recomend it.
Ludhiana
4.3 March 28, 2023
Prakhar
Worth Buying
PolicyBazaar worked closely with me to tailor the coverage to meet the specific needs of my business.Worth buying.
Dehradun
3.8 March 16, 2023
Veer
Wide Coverage
One of the most significant aspects of this insurance is its coverage. It provides extensive protection against a wide range of liabilities, including bodily injury, property damage, etc. Thanks for the policy PB
Lucknow
3.8 March 04, 2023
Akash
Peace Of Mind
I have been a satisfied customer of PolicyBazaar for several years now. It offers a comprehensive and reliable safety that has given me peace of mind and allowed me to focus on growing my business without constant worry about unforeseen events.Thankyou PB.
Bareilly
3.8 February 20, 2023
Ram
Claim Process Is Hassle Free
PolicyBazaar's claims process is efficient and hassle-free. In the unfortunate event of a claim, they handled everything swiftly and professionally, ensuring a smooth resolution without unnecessary delays. This reliability and promptness have further strengthened my trust in their services.Thankyou.
Delhi
4 February 20, 2023
Rohan
Great Customer Support
PolicyBazaar can help you get your Insurance as I am in the construction Industry and needed some guidance on risk concerns. I contacted PolicyBazaar Team, whO explaned to me the process to get the Insurance. Thank you PolicyBazaar.
Jamshedpur
3.8 February 16, 2023
Aditi
Damages Covered
I recently purchased CGL insurnace from PolicyBazaar. They helped me to cover my damages. Thankyou.
Jamshedpur
4 February 12, 2023
Neha
Helpful Team
We were looking to buy Comprehensive General Liability Insurance Plan that protects Third party property from any accidental damage at my workplace. So we landed on the PolicyBazaar website. It was well managed and described all the benfits in detaill... We contacted their Customer support and dcided to buy from them. Thanks, PolicyBazaar Team
Coimbatore
3.8 February 08, 2023
Veer
All In One Platform
It is an All in one platform which provided me unique perks, Low premium prices and a fast claim settlement process. Thankyou PB. Excellent platform.
Vadodara
4.3 February 04, 2023
Amar
Good Package
Got a really good coverage. Thanks, PolicyBazaar
Lucknow
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