Public Liability Insurance

The cover suits all the entrepreneurs exposed to liability due to negligence arising out of accidents during the course of their business operations.  

Salient Features:

This  policy  indemnifies  against  the amount  the  insured is  legally  liable  to  pay  as damages to the third party victims. These may be:

  • Compensation for accidental death, bodily injury or disease to third parties.
  • Damage to or loss of property belonging to third parties arising out of an  accident, including legal costs incurred  with the prior consent of the  insurer.
  • Legal and civil liabilities of the directors and officers of the company.
  • Extensions for pollution and transportation risks can be considered as per the requirements of customers at additional rates, terms and conditions.

Premium rates depend upon the type of risk based on hazard groups classified, the limit of liability, the annual anticipated turnover and the nature / scope of services provided.

As the prevailing public law is stringent and the courts are awarding huge sums arising out of liabilities, it is prudent to take such an insurance cover even in cases where it is not mandatory.