The Liability Takaful Class is designed to protect the participant in respect of his legal liability to pay compensation or any related issues with legal proceedings. Below are the products offered under the class, namely:
• Professional Indemnity
• Employers Liability
• Director’s and Officer’s Liability
• Public Liability
• Workmen Compensation
• Workmen’s Compensation Package
• Cyber Security
Subject Matter Covered
• Business activities of the Participants
• Employee of Participants (in respect of Workmen Compensation Takaful)
Extension of Cover
Extension of cover for all the Liability Takaful schemes can be arranged and granted subject to underwriting and TBA’s approval.
Indemnify the Participant against all sum for which the Participant shall become legally liable at law to pay compensation to Claimants for the breach of professional duties by reason of any negligent act, error or omission.
The Public Liability Takaful is designed to protect the Participant in respect of his legal liability to pay compensation for accidental bodily injury or accidental damage to the property of the other person caused by or through the negligence of the covered/insured or his employees or by any defect in the premises owned or any defects in the ways, works of the covered/insured. In addition, Takaful also contributes for the litigation costs and expenses for defense that are incurred with the written consent of the Company.
Indemnify the Participant against all sum for which the Participant shall become legally liable at law to pay compensation to their employee for the injury sustained as a result of accident or diseases arising out of and in the course of the employee employment by the Participant.
Director’s and Officer’s Liability
This Takaful scheme provides coverage for the cost of compensation claims and any legal expenses incurred in directors and officers defence due to his wrongful acts include breach of trust, duty, negligence, error and omission and misleading statements.
This scheme is to provide compensation to workers under the Workmen Compensation Act Brunei Darussalam.
Workmen’s Compensation Package Takaful for Domestic Helper provides a wide scope of coverage, to protect your housemaid, gardener and driver as to comply with the Brunei Darussalam Workmen’s Compensation Act (Chapter 74). It provides compensation benefit to the employee for bodily injury due to accident or illness arising out of and in the course of their employment resulting in Death or Permanent Disability.
Cyber Security Takaful is designed to provide protection against cyber threats that may cause exposure to legal action and/or liability and damage or loss to your business and computer systems. The scheme provides coverage for:
• Privacy Liability
• Network Security Liability
• Media Liability
• Cyber Extortion
• Data Asset Loss
• Business Interruption