Compulsory General Third Party Liability Insurance
Aldagi offers compulsory General Third Party Liability insurance that fully complies with the requirements of the law
For whom is General Third Party Liability insurance compulsory?
For public gathering places:
- Trade Center
- Market Place
- Fuel and/or Gas Filling Station
- Hotel
By government decree December 28, 2017:
- The owner of a public gathering place is obliged to ensure compulsory GTPL insurance in accordance with the terms and conditions established under the rule
- GTPL insurance is obligatory during the full functioning period of public gathering place
The purpose of compulsory GTPL insurance is to protect the interest of third parties, in respect of property damage and bodily injury, arising out of and within the public gathering place.
Covered Risks
Compulsory GTPL insurance covers any loss or damage imposed to life, health and/or property of third parties as a result of fire, explosion, or construction collapse (including elevator fall) at a public gathering place. Also, the damage to property (movable property, stocks) of entrepreneurs (entities/persons) operating in the public gathering place.
Frequently Asked Questions
Answers to the most frequently asked questions
Why do I need business insurance?
Business insurance provides financial protection against unexpected events that could lead to significant financial losses. It helps safeguard your assets, employees, and the continuity of your business operations.
What is professional liability insurance?
Professional liability insurance, also known as errors and omissions (E&O) insurance, protects businesses that provide professional services from claims of negligence or mistakes that result in financial loss for clients.
What is general liability insurance, and why is it important?
General liability insurance provides coverage for third-party bodily injury, property damage, and advertising injury claims. It's essential for protecting your business against common risks and legal liabilities.
How does property insurance protect my business?
Property insurance covers damage or loss to your business property, including buildings, inventory, equipment, and other assets, due to covered events such as fire, theft, or natural disasters.
What factors influence the cost of business insurance?
Factors such as the size of your business, industry, location, coverage limits, deductible amounts, and risk management practices can impact the cost of business insurance.
How do I determine the right insurance coverage for my business?
Assess the specific risks your business faces, its size, industry, and location. Consult with an insurance professional who can help tailor coverage to your needs.
What types of business insurance are available?
Common types of business insurance include general liability, property insurance, business interruption, commercial auto, workers' compensation, professional liability, and cyber insurance. The specific needs of your business will determine the appropriate coverage.
What is business insurance?
Business insurance is a type of coverage that protects businesses from financial losses resulting from various risks, such as property damage, liability claims, and business interruption
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