Change Please enter Captcha
x
x

Please enter your details

Please enter the name
+91 Please enter the mobile number
Please select the product
Change Please enter captcha

MAY I

HELP YOU?

Call Toll Free

1800 2666

OR

x
imgs
Liability Insurance
 
 

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

More Details


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.

Premium

    Premium chargeable depends on the:
  • Risk group
  • Limits of indemnity selected
  • Ratio of limits
  • Number of locations
  • Annual turnover

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

Excess

    Policy is subject to compulsory excess of 0.25% of AOA limit, subject to a:
  • Maximum of `1,00,000
  • Minimum of `1000

  • Higher excess opted on a voluntary basis qualifies for discount in premium.

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