Public Liability Insurance
Every Business or Factory has certain risk exposures. Accidents happen even though you might have the best of intentions in mind.
Such Accidents may sometimes lead to Bodily Injuries to Innocent Third Parties or Damage to their Property. This may result in substantial financial losses to the Third Party.
Consider a case where a Fire in your Factory spreads to the surrounding factories resulting in Property Damage and Injuries and Deaths of Workers as well. Since the fire originated in your premises, you are liable for damages to the surrounding factories.
This is why securing your Business with a Public Liability Insurance Policy is a must.
