Public Liability Insurance

Coverage Extension Exclusion

Overview

Public Liability Insurance offers cover for third party liabilities (Bodily Injury / Property Damage) arising out of the premises and operations of the Insured and legal costs incurred in connection therewith. Every business is carefully nurtured for growth and profit. But inevitably, as in life, accidents occur. For instance, a customer slips and twists her ankle because of a wet floor in your business premises, resulting in hospitalisation. Public exposures and liabilities Affected by law can bring an abrupt end to a promising business future.

Depending upon your nature of operations, following Public Liability Insurance Policies are available in market:

  • Public Liability (Industrial Risks) - For Manufacturing Units.
  • Public Liability (Non Industrial Risks) - For Non Manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs

Coverage

Legal liability of the Insured towards damages to third party with respect to:

  • Accidental death
  • Bodily injury or disease
  • Loss or damage to property
  • Legal costs and expenses incurred with the prior consent of the Insurer and within the limit of indemnity.

Extension

For more comprehensive protection Public Liability Policy can be extended to cover legal expenses arising out of:

  • Sudden and Accidental Pollution
  • Act of God Perils
  • Transportation
  • Carriage of treated effluents etc.
  • Coverage for defence cost incurred with prior consent
  • Benefit of Retroactive Date.

Exclusion

  • War
  • Deliberate
  • Libel, slander,
  • Ionizing radiations
  • Willful or intentional non-compliance of any statutory provision.
  • Arising out of fines, penalties, punitive and/or exemplary damages