PUBLIC LIABILITY INSURANCE (ACT) POLICY

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Contents

  1. Public Liability Insurance (Act) Policy
  2. What does a Public Liability Insurance Act Policy Cover?
  3. What is Public Liability Insurance Act 1991?
  4. What is the Penalty for non-compliance under the Public Liability Insurance Act?
  5. What are the Add-On Covers in a Public Liability Insurance Act Policy?
  6. What is the Sum Insured for a Public Liability Insurance Act Policy?
  7. Who needs to purchase a Public Liability Insurance Act Policy?
  8. What are the exclusions under a Public Liability Insurance Act Policy?
  9. Get a Public Liability Insurance Act Policy for your Business from Qian
  10. Get a Public Liability Insurance Act Policy for your Business from Qian
  11. FAQS
  12. Testimonials

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 โ€˜No Fault Liabilityโ€™ 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?

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).

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 ๐Ÿ“ž 022-35134695"> ๐Ÿ“ž 022-35134695 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 ๐Ÿ“ž 022-35134695"> ๐Ÿ“ž 022-35134695 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

Is Public Liability Insurance Act (1991) Policy mandatory?

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

What is the maximum limit of Indemnity under a Public Liability Insurance Act (1991) Policy?

The maximum limit of Indemnity under a Public Liability Insurance Act (1991) Policy is AOA:AOY of Rs5 Crores : Rs15 Crores (Ratio 1:3).

What is the Jurisdiction and Territory applicable for Public Liability Insurance Act (1991) Policy?

The Policy covers damages occurring within the Indian Territory and claims lodged within Indian Jurisdiction.

What is the Policy Compensation for Medical Expenses under a Public Liability Insurance Act (1991) Policy?

A Public Liability Insurance Act (1991) Policy provides compensation upto Rs12500 per Person for Medical Expenses.

What is the Policy Compensation for Fatal Accidents under a Public Liability Insurance Act (1991) Policy?

A Public Liability Insurance Act (1991) Policy provides compensation upto Rs25000 per person for Fatal Accidents in addition to Rs12500 per Person for Medical Expenses.

What is the Policy Compensation for Permanent Total or Permanent Partial Disability under a Public Liability Insurance Act (1991) Policy?

The Policy Compensation for Permanent Disability depends upon the basis of Percentage of Disablement as certified by an Authorised Physician. The Compensation for Permanent Total Disablement is Rs25000 per Person. This amount is in excess of Rs12500 per person provided for Medical Expenses.

What is the Policy Compensation for Property Damage under a Public Liability Insurance Act (1991) Policy?

A Public Liability Insurance Act (1991) Policy provides compensation upto Rs6000 depending upon Actual Damage for Property Damage.

What is the Environment Relief Fund Premium collected under a Public Liability Insurance Act (1991) Policy?

A Public Liability Insurance Act (1991) Policy collects an amount equal to the Net Premium for Environment Relief Fund Premium. Any amount for relief which exceeds the amount payable under Public Liability Insurance Act (1991) Policy is met from the Environment Relief Fund.

Testimonials

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