This insurance protects a company (the policyholder) against financial losses resulting from damage or injury caused to third parties — such as clients, neighbors, visitors, or passers-by — arising from business operations, products, or services.

The policy typically covers bodily injury, property damage, indirect losses (e.g. Financial losses caused by business interruption), and temporary expenses incurred while damage is being repaired.

Employers’ liability insurance protects the employer against financial losses if an employee is injured or becomes ill in the course of their work duties.

If a claim is made against the employer due to inadequate workplace safety or negligence, the insurance covers compensation payments and legal costs.

This coverage is particularly important for companies where employees work in hazardous environments or operate machinery.

This insurance is designed for company directors, board members, and other decision-makers. It protects them against personal financial liability if their actions or omissions cause loss or damage to the company, its shareholders, creditors, or third parties.

Typical risks include poor business decisions, breaches of law, or negligence. The insurance covers legal defense costs and compensation claims.

Professional indemnity insurance protects professionals and businesses from losses arising from professional errors, negligence, or failure to perform duties properly.

It covers claims from clients or third parties for damages caused by incorrect advice, services, or decisions.

In Lithuania, this insurance is mandatory for certain professions and industries, including lawyers and their assistants, notaries, auditors, financial brokers, management companies, financial institutions, property and business valuers, healthcare providers, and construction supervisors.

Product liability insurance protects businesses against financial losses arising from defects, faults, or harm caused by products they have designed, manufactured, or supplied to the market.

It helps manage risks related to product safety and quality responsibility, ensuring business continuity even in the event of claims or disputes.