Public Liability Non - Industrial Insurance
We cover your legal liabilities towards third party damages
Public liability arises if there is a failure of duty of reasonable care and the failure results in bodily injury or damage to property of third party. Public liability policy protects Insured against legal liability towards bodily injury/property damages to third party caused by accidents occurring at Insured’s premises. Public Liability Non-Industrial Policy is applicable for Non- Industrial risks such as hotels, offices, schools, restaurants etc.
The Public Liability - Non Industrial Insurance 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.
Depending on exposure, the proposer has to fix two limits of indemnity under the policy:
- Any One Accident (AOA)
- Any One Year (AOY)
AOA and AOY can be in the ratio of 1:1, 1:2, 1:3 or 1:4.
It is not permissible to issue insurance policy with unlimited liability.