General Liability Insurance

Comprehensive protection for businesses in case of potential damages caused to third parties.

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  • Adaptable to the needs of your company
  • Coverage for legal expenses
  • Protection for your company’s finances

In summary

Understand the product

Check out some questions that will give you a better understanding of General Liability Insurance

What is General Liability Insurance?

  • Coverage for damages caused to third parties, including bodily, material, and moral damages, and their respective costs.
  • Financial protection in cases of legal proceedings and compensation resulting from third-party claims against your company.
  • Protects against claims from customers, partners, suppliers, and employees related to damages caused by your activities and facilities.

Why is it necessary?

  • Common requirement for fulfilling contracts with clients and suppliers.
  • Reduced risk of financial and reputational losses for your company.
  • Greater peace of mind for companies to focus on their core activities.

Who needs it?

  • Companies with extensive operations in physical spaces where customers, partners, and employees transit.
  • Companies whose employees are exposed to a certain level of risk in their activities, such as transportation, logistics, maintenance, etc.
  • Companies that want to protect themselves against risks of bodily and material damage.

Risks

With relevant risks, it is essential to be insured

612k

Number of workplace accidents recorded in Brazil in 2022

MPT & OIT

BRL 158 bi

It is the total annual amount that companies spend on lawsuits in Brazil.

Amaral, Yazbeck Advogados

BRL 593 million

Amount paid for General Liability claims by insurers in Brazil in 2022.

SUSEP

Coverages

What is included in the coverage?

Property and bodily damage

Protects your company against third-party claims for bodily injury or property damage that occurred on your premises or as a result of your business operations.

Moral damages

Protects your company against third-party claims for moral damages that occurred on your premises or as a result of your business operations – such as false advertising, for example.

Defense costs and indemnities

Coverage for defense costs in lawsuits, including attorney fees, as well as financial protection for payment of damages or settlements.

What is not included
  • Intentional damages: bodily, material, or moral damages caused intentionally by the company or its employees.
  • Data breaches and cyber attacks: covered by Cyber Insurance.
  • Directors and Officers liability claims are covered by D&O insurance.
  • Claims that professional service failures of the company caused damages to third parties, which are covered by Professional Liability insurance.

Use cases

Examples of General Liability Claims

1. The problem

A partner of a logistics company slipped and fell in a storage area, suffering serious bodily injuries.

2. What was done

The company has activated their general liability insurance, which has taken responsibility for investigating the incident and covering legal and defense costs.

3. Outcome of the event

The insurer reached an agreement with the injured partner, paying compensation for bodily injury covered by the general liability policy.

1. The problem

A customer of a food company claimed to have suffered a food infection after consuming a product manufactured by the company.

2. What was done

The company notified their General Liability insurance provider, who initiated an investigation of the incident and covered the legal and defense costs.

3. Outcome of the event

The insurer reached an out-of-court settlement with the client and paid compensation for damages caused by food poisoning.

1. The problem

A candidate from a technology company claimed that they were discriminated against in a selection process due to their age, causing emotional distress.

2. What was done

The company notified their General Liability insurance provider, who initiated an investigation of the incident and covered the legal and defense costs.

3. Outcome of the event

The insurance company reached an extrajudicial agreement with the client and paid compensation for moral damages.

1. The problem

A consumer accuses a cosmetics company of misleading advertising about the benefits of a product, causing dissatisfaction and financial losses.

2. What was done

The consumer files a lawsuit against the company, alleging deceptive advertising practices and unethical business conduct.

3. Outcome of the event

Insurance company activates coverage, assumes defense and negotiation costs. Investigation confirms misleading advertising and compensation is paid to the consumer. Company reviews advertising practices.