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Scope of cover
Legal liability of the Insured towards damages to 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. |
(Code: Misc 08)
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Sum Insured
Depending on exposure, the Proposer has to fix two limits of indemnity as under (for both premises and transportation):
| 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 depends on:
| 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 |
| personal injuries such as:
* libel
* slander
* fines
* penalties punitive or exemplary damages |
| transportation of materials. |
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Excess
Policy is subject to a compulsory excess of 0.5% of AOA limit, subject to a maximum of Rs 3,00,000/- and minimum of Rs 2000/-. Higher excess opted on a voluntary basis qualifies for a discount in the premium level.
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Main Extension
| Industrial Seepage, pollution and contamination extension |
| Carriage of effluents (outside the premises) extension |
| Transportation extension |
| Technical collaborators extension |
| Act Of god |
| Perils extension. |
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