A Third Party Liability Insurance policy (General Liability Insurance) will cover you for pecuniary losses made against you in the event of injury or damage to third parties or third party property arising out of your business activities
Service providers for maintenance, shut down works, supply, repairers, cleaning services etc. are required to provide General Third Party Liability insurance to their Principals to qualify the job. Sudden and unforeseen incidents do happen at any time and any place in spite of taking all possible precautions. Liabilities for both bodily injury and property damages arising out of such mishaps can be covered under GTPL Policies which would effectively make a service provider safe and confident.
These types of Third Party Liabilities are normally demanded by the Principals of the jobs in order to sign and validate a sub-contract.
