Business liability and corporate liability insurance from A-Z
Modern business liability insurance exposures arise from many sources: from third parties, from products, from the environment, from emerging risks. They are growing in size and in complexity, but remain similar in one crucial dimension – their long-term nature.
Major corporations facing business liability risks across multiple worldwide locations need a reliable long-term partner with global reach.
Allianz Global Corporate & Specialty offers financial security you can rely on today and far into the future (backed by our S&P AA and A+ A.M.Best ratings - the highest combination of any global property and casualty insurer), and a reputation for finding global solutions to the most complex corporate liability risks.
We meet this challenge with an expert team of underwriters, claims and risk consulting professionals (including lawyers, engineers, scientists and industry specialists) supported by major capacity for the largest business liability insurance challenges, embedded in a service network in more than 150 countries worldwide.
Our teams are able to customize coverage to clients’ needs, and have many years’ experience across all international industries: for example, for pharmaceutical manufacturers, construction companies, power and utility companies or automotive manufacturers.
Our business liability insurance products typically cover personal or bodily injury and property damage, and can be offered through individual primary policies, through excess layers and umbrella policies, or through international insurance programs for multiple risks in multiple locations.
What’s more, our product range spans the full range of modern corporate liability insurance, and is constantly being developed to meet new challenges:
Overview of corporate liability insurance risks - click to enlarge image
Public liability insurance
Cover for liability arising from the insured‘s operations or premises to third parties.
Products liability insurance
Cover for property damages or bodily injury caused by the insured’s products or work performed.
Environmental liability (‘Pollution’) insurance
Pollution claims caused by the insured’s activities.
Product recall insurance
Covers costs of recalling products to the manufacturer in cases where a product is or may be hazardous or otherwise defective.
Product tampering insurance
Covers recall expenses (such as costs for transportation, public advisory communications etc.) for contaminated food and beverage products.
Clinical trials insurance
Covers the legal liability of sponsors (pharmaceutical companies) and investigators (doctors, hospitals, clinical research organizations) arising out of clinical trials.
Employers‘ liability insurance
Covering the employer’s liability for workplace accidents / diseases of the employees.
IT liability insurance
Protects against emerging liability exposures on a pure financial loss basis: for example, infringement of privacy rights, inadvertent transmission of computer viruses, tampering and other ‘cyber threats’.