Our Products
At AVA, we pride ourselves on being a one-stop solutions provider by offering a comprehensive spectrum of insurance products. They are grouped into 2 main categories, namely:
Liability Class
Public Liability
This policy seeks to insure the liability in common law which a Corporation owes as a duty of care to third parties. It indemnifies the policy holder’s legal liability for accidental death/bodily injury to third party and damage to third party’s property arising out of their negligence in the performance of the Insured’s business within the territorial limits. The policy pays legal expenses (incurred with Insurer’s consent) on top of all other compensation.
Product Liability
Manufacturers, agents, sole distributors and the like will need to procure this policy which will indemnify them in respect of their legal liability for accidental death or bodily injury as well as damage to the consumers arising out of the use of the manufactured products.
Workmen’s Injury Compensation
Employers are liable for the well-being of their employees and this policy seeks to protect the employer as well as compensates the employees for death , bodily injury as well as loss of earnings and medical expenses arising out of or in the course of their employment. Policy covers the requirements of the legislative liability as per the Workmen’s Compensation Act enacted in Singapore in 1975 and its subsequent amendments as well as the Employer’s liability under tort as per Common Law
Comprehensive Liability
Comprehensive Liability insurance, often referred to as Comprehensive General Liability (CGL) insurance, is a form of business insurance that protects businesses against negligence-based liability claims, imposed by lawsuits and similar claims.
Coverage may be in the form of
- Bodily injury and property damage liability, on an occurrence basis, resulting from the ownership, use, and/or maintenance of the premises, completed operations, and products;
- Bodily injury and property damage liability for operation of machinery / equipment;
- Medical expenses resulting from bodily injury incurred by a member of the general public through the use of the premises or involvement in the operations.