¶¶Òõ¶ÌÊÓÆµ

Service Contract Liability (Insurance) Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Service Contract Liability (Insurance)

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Service Contract Liability (Insurance)

"I need a Service Contract Liability Insurance agreement for my IT consulting firm based in Bangalore, covering software development and cloud services, with specific coverage for data breaches and intellectual property disputes, to be effective from March 1, 2025."

Document background
Service Contract Liability Insurance is essential for businesses providing professional services in India, offering protection against claims arising from service delivery errors, omissions, or negligence. This document type is specifically designed to meet the requirements of the Indian insurance regulatory framework, including compliance with the Insurance Act, 1938 and IRDAI guidelines. It is particularly relevant when businesses need comprehensive coverage for their service-related risks, including potential financial losses, legal expenses, and damages awarded to clients. The agreement typically includes detailed coverage terms, exclusions, claim procedures, and specific provisions tailored to the service provider's industry, while ensuring adherence to Indian insurance regulations and consumer protection laws. Service Contract Liability Insurance is crucial for businesses seeking to manage their operational risks while maintaining professional credibility in the Indian market.
Suggested Sections

1. Parties: Identification of the insurer and the insured service provider

2. Background: Context of the insurance arrangement and brief description of the service provider's business

3. Definitions: Detailed definitions of key terms used throughout the policy

4. Scope of Coverage: Detailed description of what services and liabilities are covered under the policy

5. Exclusions: Specific circumstances and situations where coverage will not apply

6. Policy Period: Duration of coverage, including start and end dates

7. Premium Payment Terms: Details of premium amount, payment schedule, and consequences of non-payment

8. Claims Procedure: Step-by-step process for filing and handling claims

9. Obligations of the Insured: Duties and responsibilities of the service provider

10. Policy Limits and Deductibles: Financial limits of coverage and applicable deductibles

11. Cancellation and Renewal: Terms and conditions for policy cancellation and renewal

12. Dispute Resolution: Procedures for handling disputes, including jurisdiction and applicable law

13. General Terms and Conditions: Standard policy conditions and compliance requirements

Optional Sections

1. Territory Extension: Optional coverage for services provided outside standard territorial limits

2. Additional Insured: Section for including additional parties under the coverage

3. Professional Indemnity Extension: Extended coverage for professional services if applicable

4. Cyber Liability Coverage: Optional coverage for digital services and cyber risks

5. Product Liability Extension: Coverage for products associated with services

6. Environmental Liability: Coverage for environmental damage from services

7. Retroactive Coverage: Coverage for claims arising from services provided before policy inception

Suggested Schedules

1. Schedule A - Service Description: Detailed description of covered services

2. Schedule B - Premium Calculation: Breakdown of premium calculation and payment schedule

3. Schedule C - Coverage Limits: Detailed breakdown of coverage limits for different types of claims

4. Schedule D - Claims History: Record of previous claims if applicable

5. Appendix 1 - Risk Assessment: Detailed risk assessment of the service provider's operations

6. Appendix 2 - Service Quality Standards: Minimum service quality standards required for coverage

7. Appendix 3 - Claim Forms: Standard forms and documentation required for claims

8. Appendix 4 - Compliance Certificates: Required regulatory and compliance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses




































Relevant Industries

Information Technology

Professional Services

Healthcare Services

Consulting

Engineering Services

Financial Services

Educational Services

Facilities Management

Telecommunications

Transportation Services

Hospitality Services

Environmental Services

Relevant Teams

Legal

Risk Management

Compliance

Operations

Finance

Insurance

Procurement

Quality Assurance

Contract Administration

Claims Processing

Business Development

Relevant Roles

Risk Manager

Compliance Officer

Legal Counsel

Insurance Manager

Operations Director

Contract Manager

Chief Financial Officer

Chief Risk Officer

Business Development Manager

Service Delivery Manager

Quality Assurance Manager

Claims Manager

Procurement Manager

Company Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Indemnity Agreement (Insurance)

An Indian law-governed insurance contract establishing terms for indemnification of specified losses between insurer and insured, compliant with Insurance Act 1938 and IRDA regulations.

find out more

Contractual Obligation (Insurance)

Standard insurance contract template compliant with Indian law and IRDAI regulations, establishing insurer-policyholder obligations and coverage terms.

find out more

Contractual Liability (Insurance)

An Indian law-governed insurance document providing coverage for liabilities arising from contractual obligations and agreements, compliant with IRDAI regulations.

find out more

Contract Of Marine (Insurance)

An Indian law-governed insurance contract protecting maritime assets and interests, regulated under the Marine Insurance Act 1963 and related legislation.

find out more

Commercial Contractor (Insurance)

An Indian law-governed agreement for contractors providing services in the insurance sector, incorporating IRDAI regulations and compliance requirements.

find out more

Agreement To Provide (Insurance)

An Indian law-governed insurance agreement establishing terms of coverage between insurer and insured, compliant with IRDAI regulations.

find out more

Aleatory Contract Life (Insurance)

An Indian law-governed life insurance contract establishing terms of coverage, benefits, and obligations between insurer and policyholder.

find out more

Service Contract Liability (Insurance)

An Indian law-governed insurance agreement protecting service providers against liability claims arising from their professional services and operations.

find out more

Hold Harmless Agreement (Insurance)

An Indian law-governed agreement combining hold harmless provisions with insurance requirements to protect parties against specified risks and liabilities.

find out more

Agency Agreement (Insurance)

An Indian law-governed agreement establishing the relationship between an insurance company and its agent, compliant with IRDAI regulations and the Insurance Act.

find out more

Terms Of Business Agreement Insurance Broker

An Indian law-governed agreement establishing the terms of business relationship between an insurance broker and their clients, compliant with IRDAI regulations.

find out more

Binding Authority Agreement

An Indian law-governed agreement delegating insurance underwriting authority from an insurer to a coverholder, subject to IRDAI regulations.

find out more

Public Adjuster Contract

An Indian law-governed agreement between a public adjuster and client for professional insurance claim adjustment services, compliant with IRDAI regulations.

find out more

Title Insurance Indemnity Agreement

An Indian law-governed insurance agreement providing protection against property title defects and related losses through specified indemnification terms.

find out more

Endowment Contract

An Indian law-governed insurance contract combining life coverage and investment benefits, establishing terms between insurer and policyholder for death and maturity benefits.

find out more

Workers Compensation Hold Harmless Agreement

An Indian law-governed agreement establishing indemnification arrangements between parties for workers' compensation claims and related liabilities.

find out more

Temporary Insurance Agreement

An Indian law-governed agreement establishing temporary insurance coverage between an insurer and insured party, detailing coverage terms, duration, and obligations.

find out more

Deductible Indemnity Agreement

An Indian law-governed agreement establishing indemnification obligations with a deductible threshold, defining terms for risk allocation and claims processing between parties.

find out more

Subcontractor Insurance Agreement

An Indian law-governed agreement specifying insurance requirements and obligations between contractors and subcontractors, including coverage requirements and compliance procedures.

find out more

Insurance Letter Of Agreement

An Indian law-governed agreement establishing insurance coverage terms between insurer and insured, compliant with IRDAI regulations.

find out more

Key Person Agreement

An Indian law-governed agreement establishing terms and conditions for key personnel employment, including duties, compensation, and protective covenants.

find out more

Health Insurance Agreement

An Indian law-governed agreement establishing health insurance coverage terms between insurer and policyholder, compliant with IRDAI regulations.

find out more

Insurance Indemnity Contract

An Indian law-governed Insurance Indemnity Contract establishing risk transfer and coverage terms between insurer and insured, compliant with IRDA regulations.

find out more

Subrogation Contract

An Indian law-governed agreement transferring recovery rights from an insured to their insurer following claim settlement, enabling the insurer to pursue recovery from responsible third parties.

find out more

Insurance Indemnification Agreement

An Indian law-governed Insurance Indemnification Agreement establishing terms for insurance coverage and claims procedures under IRDAI regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.