The Guardian Insurance Broker

We are Guardian Insurance Broker, Inc, (GIB), a leading global insurance organization providing a wide range of property casualty insurance and other financial services.

Guardian Insurance Broker Inc. (GIB) is a leading global insurance organization. GIB member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. GIB common stock is listed on the Erbil Stock Exchange.

GIB is the marketing name for the worldwide property-casualty, life, and retirement and general insurance operations of Guardian Insurance Broker Inc. All products and services are written or provided by subsidiaries or affiliates of Guardian Insurance Broker, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Liability Insurance

What is Liability insurance?

Liability insurance is a type of insurance coverage that protects individuals and businesses from financial losses that may arise from legal liabilities for injuries to other people or damage to their property. It provides coverage for the policyholder's legal obligations to compensate others for harm or losses caused by their actions, negligence, or the actions of their employees or covered individuals.

Types of Liability Insurance:

  • General Liability Insurance: Covers a wide range of common liabilities, including bodily injury, property damage, and personal injury (e.g., defamation or false advertising).
  • Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, it provides protection against claims of professional negligence, errors, or omissions that result in financial losses to clients.
  • Product Liability Insurance: Specifically designed for manufacturers and sellers, it covers liabilities arising from defective products causing injuries or property damage to consumers.
  • Directors and Officers (D&O) Insurance: Protects corporate directors and officers from legal liabilities resulting from decisions made on behalf of the company.
  • Employment Practices Liability Insurance (EPLI): Covers claims related to employment-related issues, such as wrongful termination, discrimination, and harassment.

frequently asked questions

Liability insurance is essential for individuals and businesses that may face potential legal claims or lawsuits. It is particularly crucial for businesses to protect their assets and reputation from potential liabilities arising from their operations, products, or services.

The requirement for liability insurance varies depending on the country, state, or industry. While some forms of liability insurance may be legally mandated (e.g., car insurance or workers' compensation), others may be voluntary but strongly recommended to mitigate financial risks.

Yes, liability insurance policies can often be customized to suit specific needs and risks. Policyholders can choose coverage limits, additional endorsements, and deductible amounts based on their individual requirements.

The cost of liability insurance premiums depends on various factors, including the type of coverage, coverage limits, the size of the business, the nature of the business operations, past claim history, and the level of risk associated with the policyholder.

If you face a liability claim or potential lawsuit, immediately inform your insurance provider and provide all relevant details. The insurance company will handle the claim and provide legal defense if necessary, subject to the terms of the policy.

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