Public Liability Insurance

Most industrial and non-industrial units face the risk of becoming legally liable to pay damages to third parties as a result of accidental death of / bodily injury to third parties or loss or damage to the property belonging to a third party due to their operations.

Public Liability Insurance covers the legal liability of industrial and non-industrial establishments arising out of such events. The policy covers businesses against:

• Legal liability of the insured towards damages to the third party in respect of accidental death, bodily injury or loss of or damage to property.
• Legal costs and expenses incurred by the Insured with prior consent of the Company.

The policy provides for the following extensions:

• Pollution Cover: Liability towards pollution risks in connection with pollution or contamination of atmosphere water or land or other tangible property.
• Transportation Risk: Transportation extension for covering liability arising out of transportation of hazardous material or substance
• Technical Collaborators’ Liability: Collaborators liability extension to cover liability arising out of accidents occurring attributable to the defects in the designs or processes supplied by the technical collaborators.
• Effluents Risk: Extension to cover Carriage of effluents outside the premises
• Act of God perils: Extension to cover liability arising out act of god perils depending upon the earthquake zone as per the fire insurance tariff in which the risk is situated.

Indemnity Limit:

• Any One Accident (AOA): It is the limit of liability under the policy per accident.

• Any One Year (AOY): It is the maximum limit of liability under the policy for any one year and is expressed in ratios in relation to AOA

Exclusion:

The policy does not cover liability arising out of

• earthquake, earth-tremor, volcanic eruption, flood, storm, tempest, typhoon, hurricanes, tornado, cyclone or other similar convulsions of nature and atmospheric disturbance unless AOG perils add on has been specifically taken
• deliberate, willful or intentional non-compliance of any Statutory provision or disregard of the insured’s technical or administrative management
• loss of pure financial nature such as loss of goodwill, loss of market etc
• all personal injuries such as libel slander, false arrest, wrongful eviction/ detention, defamation etc and mental injury, anguish or shock resulting there from
• Infringement of plans, copyright, patent, trade name, trademark, registered design.
• fines, penalties, punitive or exemplary damages or any other damages
• war group nuclear group and Act of God of perils
• transportation of materials and dangerous substances unless specifically covered
• Ownership, possession or use by or on behalf of the insured of any aircraft, watercraft or hovercraft.
• Injury to any person under a contract of employment or apprenticeship with the insured when such injury arises out of the execution of such contract.
• Arising under the Public Liability Insurance act or any other statute that may come into force after the issue of this policy.
• Assumed by the insured by any agreement and which would not have attached in the absence of such agreement.