Public Liability Insurance Policy Features
Industrial and non-industrial units face the risk of becoming legally liable to pay damages to third parties as a result of accidental death/ bodily injury to third parties or loss or damage to the property belonging to a third party. In case of such events, establishments have to deal with a great deal of financial foes by way of the legal expenses. In the event of such contingencies, the Reliance Public Liability Insurance Policy helps by providing financial assistance to the insured.
Key Benefits
Applicable for both industrial and non-industrial establishments to cover legal liability risks
Complete protection against the different types of third party liability risks.
Extendable to cover a host of risks such as pollution, transportation, technical collaborators liability, effluents, Acts of God, etc.
Extended Notification and Claims Reporting Periods applicable
Option to opt for voluntary excess in order to enable a discount in premium
Public Liability Insurance Policy Coverage
The policy covers your business against:
Legal liability of the insured towards any damages to the third party’s life or property
Legal costs and expenses incurred by the insured with prior consent of the Company
Extensions can be availed for the following:
Pollution Cover:
Liability towards pollution risks in connection with pollution
Contamination of atmosphere, water or land or other tangible property also covered
Transportation Risk:
Liability arising out of transportation of hazardous material or substance
Technical Collaborators Liability:
Liability arising out of accidents occurring attributable to the defects in the designs or processes supplied by the technical collaborators.
Effluents Risk:
Covers carriage of effluents outside the premises
Act of God perils:
Liability arising out Act of God perils depending upon the earthquake zone as per the fire insurance tariff in which the risk is situated.
Indemnity Limits:
Any One Accident (AOA):
Limit of liability under the policy per accident
Any One Year (AOY):
Maximum limit of liability under the policy for any one year
Is expressed in ratios in relation to AOA
Public Liability Insurance Exclusions:
The policy does not cover liability arising out of:
Earthquake, earth-tremor, volcanic eruption, flood, storm, tempest, typhoon, hurricanes, tornado, cyclone or other Similar convulsions of nature and atmospheric disturbance
Deliberate, willful or intentional non-compliance of any Statutory provision or disregard of the insured's technical or administrative management
Loss of pure financial nature such as loss goodwill, loss of market etc
All personal injuries such as libel slander, false arrest, wrongful eviction/ detention, defamation etc., and resultant mental injury, anguish or shock
Infringement of plans, copyright, patent, trade name, trademark, or registered design
Fines, penalties, punitive or exemplary damages or any other damages
War group nuclear group and Act of God of perils
Transportation of materials and dangerous substances unless specifically covered
Ownership, possession or use by or on behalf of the insured of any aircraft, watercraft or hovercraft
Injury to any person under a contract of employment or apprenticeship with the insured when such injury arises out of the execution of such contract
Arising under the Public Liability Insurance Act or any other statute that may come into force after the issue of this policy
Assumed by the insured by any agreement and which would not have attached in the absence of such agreement
Eligibility:
Any industrial/ non-industrial establishment can take the Reliance Public Liability Insurance Policy
Industrial and non-industrial units face the risk of becoming legally liable to pay damages to third parties as a result of accidental death/ bodily injury to third parties or loss or damage to the property belonging to a third party. In case of such events, establishments have to deal with a great deal of financial foes by way of the legal expenses. In the event of such contingencies, the Reliance Public Liability Insurance Policy helps by providing financial assistance to the insured.
Key Benefits
Applicable for both industrial and non-industrial establishments to cover legal liability risks
Complete protection against the different types of third party liability risks.
Extendable to cover a host of risks such as pollution, transportation, technical collaborators liability, effluents, Acts of God, etc.
Extended Notification and Claims Reporting Periods applicable
Option to opt for voluntary excess in order to enable a discount in premium
Public Liability Insurance Policy Coverage
The policy covers your business against:
Legal liability of the insured towards any damages to the third party’s life or property
Legal costs and expenses incurred by the insured with prior consent of the Company
Extensions can be availed for the following:
Pollution Cover:
Liability towards pollution risks in connection with pollution
Contamination of atmosphere, water or land or other tangible property also covered
Transportation Risk:
Liability arising out of transportation of hazardous material or substance
Technical Collaborators Liability:
Liability arising out of accidents occurring attributable to the defects in the designs or processes supplied by the technical collaborators.
Effluents Risk:
Covers carriage of effluents outside the premises
Act of God perils:
Liability arising out Act of God perils depending upon the earthquake zone as per the fire insurance tariff in which the risk is situated.
Indemnity Limits:
Any One Accident (AOA):
Limit of liability under the policy per accident
Any One Year (AOY):
Maximum limit of liability under the policy for any one year
Is expressed in ratios in relation to AOA
Public Liability Insurance Exclusions:
The policy does not cover liability arising out of:
Earthquake, earth-tremor, volcanic eruption, flood, storm, tempest, typhoon, hurricanes, tornado, cyclone or other Similar convulsions of nature and atmospheric disturbance
Deliberate, willful or intentional non-compliance of any Statutory provision or disregard of the insured's technical or administrative management
Loss of pure financial nature such as loss goodwill, loss of market etc
All personal injuries such as libel slander, false arrest, wrongful eviction/ detention, defamation etc., and resultant mental injury, anguish or shock
Infringement of plans, copyright, patent, trade name, trademark, or registered design
Fines, penalties, punitive or exemplary damages or any other damages
War group nuclear group and Act of God of perils
Transportation of materials and dangerous substances unless specifically covered
Ownership, possession or use by or on behalf of the insured of any aircraft, watercraft or hovercraft
Injury to any person under a contract of employment or apprenticeship with the insured when such injury arises out of the execution of such contract
Arising under the Public Liability Insurance Act or any other statute that may come into force after the issue of this policy
Assumed by the insured by any agreement and which would not have attached in the absence of such agreement
Eligibility:
Any industrial/ non-industrial establishment can take the Reliance Public Liability Insurance Policy
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