General Liability
This insurance protects the Assured from judicial processes claiming bodily injury and property damage on third parties, concerning a variety of trade, service, and industry sectors. Its purpose is to secure the Assured financial resources and patrimony, in case he ever comes to be held civilly liable for any loss.
About the Insurance
Assured:
Individual or legal entity who, having insurable interest, acquires the insurance for its own or third parties benefit.
Coverage:
Material damages to the insured facility.
Covered Perils:
Fires, machines breakdown, theft and robbery protection, and more.
Beneficiary:
People legally designated by the Assured or recognized as such by the legislation in force or by judicial decision to receive the benefits.
Claim:
Real estate owner’s or user’s loss or incapacity of generating income, whenever caused by any risk covered by the policy.
Indemnification:
The Insurance Company pays the Assured the due compensation for a loss, provided the claim is covered in the insurance policy.
SUSEP Circular Nº 621/2021 – Art. 5: The insurance proposal and contract conditions shall inform, in accordance with the remaining requirements included in current regulation, the following:
I – the acceptance of the insurance proposal is subject to risk analysis;
II – product registration is automatic, and does not indicate approval nor recommendation from Susep; and
III – the policyholder may verify the status of both the insurance broker’s registration and the insurer’s registration at the website www.susep.gov.br.
§ 2: The information in the item II above shall be inserted, necessarily, in each and every marketing and advertising material used.
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