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PUBLIC LIABILITY INSURANCE (INDUSTRIAL AND NON-INDUSTRIAL RISKS)

ABOUT

The Pubic Liability Insurance Policy is taken in the name of the Organisation which includes the Officials of the Organisation acting in the capacity of their business activity, including temporary employees. The policy indemnifies the insured business from financial loss arising from legal claims of third parties in respect of accidental death, bodily injury, disease and/or loss of or damage to their properties.

Such claims can include damages, judgments, settlements that are awarded against the Insured person. Satisfaction of awards, in such cases, will result in financial loss to the Organisation carrying out the activities. This Policy will indemnify such financial loss. Policy does not cover civil or criminal fines or penalties imposed by law, punitive or exemplary damages.

PUBLIC LIABILITY INSURANCE (INDUSTRIAL AND NON-INDUSTRIAL RISKS)

BENEFITS

FLEXIBILITY TO CHOOSE LIMITS OF LIABILITY (SUM INSURED)

Two limits are required to be indicated namely, limit for Any One Accident, and Aggregate limit for the policy period. Policyholder can choose the liability limits in accordance with estimated exposure.

MULTIPLE LOCATIONS COVER

If the Insured operates from more than one premises, all such premises could be included under a single policy by clearly stating the addresses. In such cases, no need to mention separate limits for each location.

LIABILITY COVERED

  • Policy covers Insured’s legal liability to third party arising out of injury and/or damage against claims due to operation of business.
  • This policy is not governed by any Act. Therefore, the reimbursement under this policy will depend upon the award given by the Court subject, however, to the maximum of “Any One Accident” limit chosen.”

DEFENSE COST

Policy also covers legal costs or expenses incurred by the Insured while defending any claim up to the Limit of Liability.

BENEFITS FROM PROMINENT EXTENSIONS

  • Legal liability to pay for injury and/or damage arising out of poisoning by harmful matter in food, or any edible item supplied by or on behalf of the Insured.
  • Legal liability to pay for injury and/or damage to the valuables of the residents/guests while the valuables are in the care, control and custody of the Insured in the scheduled premises.
  • Legal liability to pay for injury and/or damage arising out of use of the facilities such as lift, swimming pool, valet parking arising out of accidents, etc., in the insured premises.
  • Legal liability to pay for any injury and/or damage arising out of Act of God perils such as earthquake, flood, storm, cyclone or other similar disruptions of nature, and terrorism.
  • Medical expenses incurred in respect of admissible claims.

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