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Public Liability Industrial & Storage Insurance

Policies issued shall cover all sums which the Insured becomes legally liable to pay as damages to third party in respect of accidental death/bodily injury/disease and loss of or damage to property arising out of claims first made in writing against the Insured during the Policy period, including legal costs and expenses incurred with prior consent of Insurers, subject always to the limits of indemnity and other terms, conditions and exceptions of the policy.

Excluded Business Categories

Any liability of railways & Aircrafts/Airside operations
Any liability of Defense establishments
Defective design except claim on account of defective design of premises
Vessels including their navigation
Manufacturing/formulation facilities in US/Canada
Liability section of EAR / CAR policies

Coverage Exclusions

To pay for any losses assumed by agreement which would not have attached in the absence of such agreement.
For losses arising out of convulsions of nature.
For losses arising out of non-compliance of statutory provision.
For losses arising out of pure financial nature such as goodwill loss etc..
For losses resulting from personal injuries (such as libel, slander etc.) and infringement of plans.
Fines, penalties resulting from multiplication of compensatory damages. War & nuclear risks.
Liability arising out of the ownership possession and use of aircraft, watercraft or hovercraft.

General Instructions

That for the same cause when a multiplicity of claims is received they will be treated as one.
Compulsory excess exists.
That transportation of hazardous items outside premises excluded unless specifically covered.
Pollution risks can be covered at nominal additional premium.
Multiple units(non manufacturing)along with the main manufacturing unit can be covered at nominal additional premium.
Storage risks will be covered on charging due premium.
Convulsions of nature can be covered by charging additional premium.
For losses sustained exceeding agreed number of years in the past (retroactive period), coverage in those past years would only exist if we had been your insurers, without break in cover.
For injury damage, which does not immediately show up, from the date of discovery of loss the retroactive period starts.
Please inform us immediately about loss so that we may try to proceed for out of court settlement.

Documents required: Proposal form

Capacity: It shall not be permissible to issue any Public Liability Insurance Policy with unlimited liability. The ratio of limit of indemnity any one accident to any one year shall not exceed 1:4. The maximum LOI we can offer is INR 35 Crores

Public Liability Industrial & Storage Insurance

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Public Liability Industrial & Storage Insurance