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Scope Of Cover
This Policy broadly covers:
Legal liability of the Insured towards damages to the third party with respect to:
 | accidental death |
| bodily injury or disease |
| loss or damage to property |
Legal costs and expenses incurred with the prior consent of the Insurer and within the limit of indemnity.
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Sum Insured
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 ratio of 1:1, 1:2, 1:3 or 1:4. It is not permissible to issue the policy with unlimited liability.
| Policy Details
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Premium
Premium chargeable depends on the:
| risk group |
| limits of indemnity selected |
| ratio of limits |
| number of locations |
| annual turnover |
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Significant Exclusions
This Policy does not cover liability arising out of or in connection with:
| pollution |
| any product |
| any professional services deficiency |
| personal injuries such as libel, slander, fines, penalties |
| punitive or exemplary damages |
| fines |
| transportation of materials |
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Excess
Policy is subject to compulsory excess of 0.25% of AOA limit, subject to a:
| Maximum of Rs 1,00,000/- |
| Minimum of Rs 1000/- |
Higher excess opted on a voluntary basis qualifies for discount in premium.
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Main Extension
These include:
| goods kept in Custody of Insured Extension |
| food and Beverages Extension |
| industrial Seepage, Pollution and Contamination Extension |
| sports facilities, Swimming Pool and other facilities Extension |
| transportation Extension |
| act Of God |
| perils Extension |
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