Specialised and Innovative Risk
Through our specialised brokers and insurers, Global Insurance Brokers offers the following policies to assist various trades and professions including but not limited to financial Institutions, digital healthcare, healthcare professionals, Life science, medical devices, manufacturing, media and entertainment, Technology, Professional services and more
Risks We Insure
Cyber Insurance
Sometimes referred to as cyber liability insurance or cyber security insurance is a product designed to protect businesses against the financial loss resulting from a range of cyber threats and exposures, including cybercrime, data breaches, and system interruption. Cyber insurance is important because as businesses increasingly use technology to operate, digital assets, such as essential business data, corporate information, and client records, are becoming more valuable and vulnerable.
Environmental Liability
Also referred to as pollution insurance is a type of insurance that covers costs related to pollution. This can include the costs of restoration and clean up and liability for injuries and deaths caused by pollution. Most insurance companies business policies contain an “absolute pollution exclusion” and thus a dedicated pollution coverage would need to be purchased.
Intellectual Property
Infringement defence & pursuit insurance covers companies for the legal costs associated with pursuing infringement or theft of IP. It also covers legal defence costs for policyholders accused of IP infringement or theft.
Kidnap and Ransom
This insurance policy provides coverage typically for monies paid to kidnappers or extortionists, loss of ransom in transit and other expenses incurred as a result of a kidnapping. These threats although not so common in Malta are very real and can happen to any business.
Medical Malpractice
Designed to cover Healthcare professionals, surgeons, dentists, doctors and any professional in the health sector is a type of professional liability insurance that helps protect healthcare professionals against claims of injury and medical negligence and to be protected from certain liability claims and damages. Sometimes referred to as Med Mal or medical liability insurance, this type of policy also covers legal costs if a case goes to court.
Product Recall
Food & beverage, consumer goods, automotive companies can be covered for financial losses sustained when a product is recalled. Product recalls can be involuntary (required by a regulatory agency or the government) or voluntary (the manufacturer notices a defect that is unlikely to force an involuntary recall), and can be costly.
Terrorism
Terrorism & sabotage, active assailant coverage offered to commercial and governmental entities against damaged or destroyed property—including buildings, equipment, furnishings and inventory. It may also cover losses associated with the interruption of business. Terrorism insurance may also cover liability claims against the business associated with a terrorist attack.
Transaction Liability
Transaction liability insurance is a valuable tool to help buyers and sellers facilitate mergers and acquisitions. When a representation or warranty is proven to be untrue, or breached, the seller will be liable for any losses suffered by the buyer as a result, which sometimes includes the diminished value of the acquired business. Transaction liability insurance steps in to address the reimbursement obligation. In the event a representation or warranty is inaccurate, the insured can make a claim against the policy rather than the other party.