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.
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
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 of 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
Any industrial/ non-industrial establishment can take the Reliance Public Liability Insurance Policy
