Public Liability (Industrial & Non Industrial) Insurance
This policy covers the amount which the insured becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury, loss or damage to the property belonging to a third party. The legal cost and expenses incurred in defending the case with prior consent of the insurance company are also payable subject to certain terms and conditions.
One can insure more than one unit situated in different locations under a single policy.
The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, also become payable.
Add-on covers
The Public Liability Policy can be extended to cover the following risks on payment of an additional premium.
- Industrial Seepage, Pollution and Contamination Extension
- Carriage of Effluents (Outside the Premises) Extension
- Transportation Extension
- Act of God Perils Extension
Exclusions
The policy does not cover liability arising out of or in connection with pollution, any product, personal injuries such as libel, slander, fines, penalties and punitive or exemplary damages, and transportation of materials.
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