logo
quick contact
Get a Free Quote

WE CARE - we have strived to see the world through our clients' eyes. We are simply there for you - through good times and bad.

Public Liability Insurance (Act) Policy

Many businesses involve operations where the workers are required to handle hazardous substances. These substances expose the workers and employees to a higher degree of risk and injuries.

Consequently, such businesses need to mandatorily opt for a Public Liability Insurance (Act) Policy.

Public Liability Insurance (Act) Policy

What does a Public Liability Insurance Act Policy Cover?

A Public Liability Insurance Act Policy is a mandatory policy that has to be taken by Business Owners, Users, Transport Operators which are involved in the use of or handling of hazardous substances as defined under Environment Protection Act 1986.

A Public Liability Insurance Act Policy provides Indemnity to the Insured against any Bodily Injury or Property Damage that occurs during the Policy Period on account of handling of Hazardous Substances.

What is Public Liability Insurance Act 1991?

Public Liability Insurance Act 1991 is an Act which has been enacted to provide immediate relief to people affected by accidents while handling any hazardous substances as listed under Environment Protection Act 1986.

The Act requires such Business Owners and Factory Owners to mandatorily purchase a Public Liability Insurance Act Policy.

The Public Liability Insurance Act 1991 was enacted on 22nd January 1991 as a response to the Bhopal Gas Tragedy which killed around 3000 people while injuring many others.

The Act Provides for a ‘No Fault Liability’ against the Business Owner implying that the Business Owner should have purchased the Public Liability Insurance Act Policy so that the Injured Party can claim compensation without attributing fault on part of the owner of the hazardous substance.

What is the Penalty for non-compliance under the Public Liability Insurance Act?

Non Compliance with provisions or directions of Public Liability Insurance Act may invite a fine of upto Rs1 lakh and an imprisonment sentence of upto 7 years.

What are the Add-On Covers in a Public Liability Insurance Act Policy?

A Public Liability Insurance Act Policy has the following Add-On Covers:

  • Act of God Perils
  • Transportation Risk
  • Accidental Pollution
What are the Add-On Covers in a Public Liability Insurance Act Policy?

What is the Sum Insured for a Public Liability Insurance Act Policy?

The Indemnity Limit for Any One Accident (AOA) cannot be less than the Paid-Up Capital of the Company subject to a maximum of Rs5 Crore under the Public Liability Insurance Act 1991 and the Indemnity Limit for Any One Year (AOY) is 3 times the AOA Limit (subject to a maximum of Rs15 crore).

What is the Sum Insured for a Public Liability Insurance Act Policy?

Who needs to purchase a Public Liability Insurance Act Policy?

Any Business Owner or Factory Owner who is involved in handling of hazardous substances as listed under Environment Protection Act 1986 needs to purchase a Public Liability Insurance Act Policy.

Who needs to purchase a Public Liability Insurance Act Policy?

What are the exclusions under a Public Liability Insurance Act Policy?

A Public Liability Insurance Act Policy does not cover the following:

Exclusions under a Public Liability Insurance Act Policy

Liability on account of Wilful or Intentional Non-Compliance of Statutory Requirements

Fines, Penalties, Punitive or Exemplary Damages are not covered

Contractual Liabilities are Excluded

Liabilities arising as a consequence of War are not covered

Get a Public Liability Insurance Act Policy for your Business from Qian

If you have a business which is dealing in or handling hazardous substance, a Public Liability Insurance Act Policy is a must. Qian is an experienced Insurance Broker and our experts can assist you with a Public Liability Insurance Act Policy at competitive premiums.

Contact us now at support@qian.co.in or 022-22044989 or fill this Contact Form if you wish to purchase a Public Liability Insurance Act Policy. We will respond 24 hours, guaranteed.

Get a Public Liability Insurance Act Policy for your Business from Qian
Cover for Bodily Injury while handling Hazardous Substance
Cover for Bodily Injury while handling Hazardous Substance
Cover for Property Damage while handling Hazardous Substance
Cover for Property Damage while handling Hazardous Substance
Extension for Act of God Perils
Extension for Act of God Perils
Extension for Transportation Liability
Extension for Transportation Liability
24/7 Claims Assistance
24/7 Claims Assistance

Get a Public Liability Insurance Act Policy for your Business from Qian

If you have a business which is dealing in or handling hazardous substance, a Public Liability Insurance Act Policy is a must. Qian is an experienced Insurance Broker and our experts can assist you with a Public Liability Insurance Act Policy at competitive premiums.

Contact us NOW at support@qian.co.in or 022-22044989 or fill this Contact Form if you wish to purchase a Public Liability Insurance Act Policy. We will respond 24 hours, guaranteed.

Get a Public Liability Insurance Act Policy for your Business from Qian

FAQS

Yes, Public Liability Insurance Act (1991) Policy is a mandatory policy for all businesses dealing with hazardous substances.

Testimonials

* Make sure you are login with a google account

0 / 5 Star (0 reviews)