Public Liability (Industrial/Non-Industrial Risks) Policy

Policy Details:
The Policy covers legal liability of the insured to pay compensation for death or bodily injury sustained/ damage to property belonging to third party arising out of insured’s business.

[Highlights]

Extensions/Add-ons:

1. 72 Hrs Sudden and Accidental Pollution
2. Transportation Liability
3. Act of God Perils Coverage
4. Coverage of discharge of treated effluents
5. Cover for multiple units

Special Conditions:

1. Claims Made Policy: The actual claim must be made within the Policy
Period and the occurrence of the loss cannot have happened before
Retroactive Date
2. Territory and Jurisdiction for the purpose of the Policy will be defined in
the Policy
3. Amount expended by Insurer in the defense, settlement etc., will reduce
the limits of indemnity under the policy

Pre-Acceptance Requirements:
Duly filled Proposal form
Any other information required by the company

Who can take the policy?
Industrial Risks Policy: All industrial establishments where some manufacturing activities are carried out

Non-Industrial Risks Policy
Schools
Hotels
Motels
Restaurants
Cinema Halls
Auditoriums
Public Halls
Offices
Medical Establishments
Airport Premises
Schools, Educational
Establishments
Exhibitions
Stadiums
Permanent Amusement Parks
Depots
Warehouses
Godowns etc

Covered
Basic Coverage The Policy indemnifies the insured for legal liability to pay compensation to third party including claimant cost and fees, in respect of death/injury or damage to property belonging to third party, arising out of business of the Insured.

Exclusions
Contractual liability; which would not have attached in the absence of such agreement
Deliberate or intentional non-compliance of any statutory provision
Loss of pure financial nature such as loss of goodwill, loss of market etc
Libel, slander, false arrest, wrongful eviction, wrongful detection, defamation
Fines, penalties, punitive or exemplary damages
Use of any motor vehicles, transportation of materials outside insured premises, ownership or use of aircraft, watercraft, hovercraft (Hence, third party liability under Motor Vehicles Act is excluded here)
Damage to property in the custody of the insured
Deliberate/conscious/intentional disregard for the insured technical/administrative management of the need to take reasonable steps to prevent claims
Injury arising from and in the course of employment (Hence, employer liability under Workmen Compensation Act/ Fatal Accidents Act/common law is excluded here)
Liability under Public Liability Insurance Act or any other law based on the principle of no-fault liability
Claims arising from or in connection with sudden pollution
Injury/damage occurring prior to the retroactive date