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PUBLIC LIABILITY POLICY


Description of Public Liability Insurance Business:

Public liability Insurance: Public liability insurance is designed to afford an indemnity to the insured in respect of his legal liability to the public for accidental bodily injury or property damage happening out of certain events. Like other classes of general insurance business, public liability policy embraces the principles of utmost good faith, insurable interest, subrogation & contribution. In order to grant public liability insurance a duly completed proposal form needs to obtain from the proposer. The following features should be considered in charging the premium :


(a) the amount of indemnity
(b) whether any extension of the usual cover is required
(c) the business
(d) the general nature of risk


The limit per incident & total number of incident in a year must be fixed. The premium is calculated on the basis of annual turn over.

Direct risk covered under public liability insurance:

a. Accidental death or bodily injury to third party (Including illness or disease) not being persons in his employment’s due to the negligent act of the insured or for which he is responsible.

b. Accidental damage caused to the property of third party due to the negligent act of the insured or for which he is responsible.

Remarks:

For details, please contact any of our nearest branch office

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