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Public Liability Industrial Insurance Policy

As a businessman, you sure know the kind of risks that need to be taken and when to play it safe. However, when it comes to a big commercial business, not everything can go as planned and cause minor or sometimes major problems and accidents, pushing you into legal and third party liabilities. Just in case such a fortuitous occurrence takes place, a Public Liability Industrial Insurance Policy by Liberty Videocon General Insurance can help you keep covered against any financial worries.

Features & Benefits

  • Requirements

    Accidents can take place anytime, anywhere without notice. And in case something unfortunate happens at your property or factory, the responsibility for damage to property and people come on you as the business owner. While you cannot always avoid such instances, you can be prepared to resolve any legal liabilities incurred from the victims of an unfortunate accident caused on your property or within your factory premises. Our Public Liability Industrial Insurance Policy can keep you prepared and protected for these situations.

  • Benefits

    The policy will aid you, as a property owner, to deal with any legal obligations and third party liabilities that might arise due to an accident on your industrial premises, ensuring that the damage or bodily injuries caused to the third party are duly compensated for. The Public Liability Insurance (Industrial Risk) Policy can also be extended to cover legal expenses that may be imposed on you for pollution, transportation of hazardous materials, etc.

  • Sum Insured

    This Public Liability Insurance (Industrial Risk) Policy has defined limits, which are:

    1. Any One Accident (AOA): It defines the maximum amount payable for each accident under the policy.
    2. Any One Year (AOY): It describes the maximum payable amount for any one year under the policy. This value is expressed in a ratio with regard to the AOA such as 1:1 or 1:2 or 1:3 or 1:4.
  • Premium

    The amount of premium to be paid by the insured shall be calculated after considering factors like the limits of the indemnity, risk group classification of the property, number of locations, gross annual turnover, plus the extensions you choose to put in force.


Our Public Liability Industrial Insurance Policy covers your legal liability for damages such as accidental death, bodily injury or damage to property, experienced by a third party. The Indemnity applies to claims arising out of accidents occurring in the insured’s industry/ factory or working premises during the policy tenure. It also protects you against any legal costs incurred in such event, with prior consent. Following is a list of the broad exclusions and inclusions of the policy. However, the following is only a list of mains and for a complete exhaustive list you must read the policy wordings.

*Terms & Conditions apply.

Anyone who owns an industrial property or a factory can make use of this policy. To know more about the eligibility, inclusions and exclusions, please read the policy wordings.

The indemnity paid out under the Policy shall include:

  • Your officials in their business capacity or temporarily engaged employees in their private capacity, while they were performing their business.
  • The officers, committees and everybody connected to your business functions including the members of the canteen, medical, fire-fighting, social, sports or welfare organizations.
  • The personal representative of the estate of any person who would otherwise be compensated by the policy but only in respect of liability incurred by such person.

Each person or party indemnified is separate under the policy, in respect of the claims made against any of them by any other person or party (except the named Insured).

The Public Liability Insurance (Industrial Risk) Policy will also cover:

  • All costs and fees incurred with the prior consent of LVGI in the investigation, defense or settlement of any claim made against the insured.
  • The costs of representation (Defense Costs) at any inquiry, inquest or proceedings in respect of the matters that hold relevance to any claim made or might be made against the insured individual, provided that those claims are the subject of indemnity by the Policy.

Policy Extensions:

If you pay an additional premium, the Public Liability Insurance (Industrial Risk) Policy can be extended to cover the following:

  • Sudden and Accidental Pollution: This will cover unintentional industrial seepage, pollution and contamination caused by an unexpected or sudden happening which would take place in its entirety at a specific time and place.
  • Act of God: This covers your property against the effects of ‘Act of God,’ which might create perils and disasters beyond the human control such as floods, tornadoes etc.​
  • Liability arising out of transportation: This covers accidents directly caused by dangerous materials or hazardous substances being transported by rail, road or pipeline, under the insured’s name.
  • Effluent discharge: This protects you from accidents directly caused by treated effluents being carried by pipelines outside your premises to the discharge points. This coverage is not a part of pollution risk, unless specifically covered.
  • Technical collaborators inclusion: This will cover the legal liability to technical collaborators, pertaining to the collaboration agreement made between you and the collaborators.

This Public Liability Insurance (Industrial Risk) policy will not cover any liability assumed by you, the insured, through any agreement and which would not have attached without such an agreement. The policy won’t cover you in the following cases:

  • Deliberate, intentional or willful non-compliance of any statutory provision or functioning in disregard of your technical or administrative management
  • Liability as a result of all personal injuries such as slander, libel, wrongful eviction, false arrest, etc. and anguish, shock, or mental injury
  • Liabilities arising out of penalties, fines, punitive or exemplary damages resulting from the burgeoning of compensatory damages
  • Loss of a pure financial nature such as loss of goodwill, loss of market, etc.
  • Infringement of plans, patent, copyright, trade name, registered design or trademark
  • Ownership, possession or use by or on behalf of you, of any aircraft, watercraft or hovercraft
  • Liability directly or indirectly caused by War and allied perils and any act of terrorism
  • Liabilities directly or indirectly caused by ionizing radiations or contamination by radioactivity from any nuclear waste or nuclear fuel or its combustion or by the toxic, radioactive, explosively hazardous properties of any nuclear assembly or nuclear component
  • Liability arising from earthquakes, volcanic eruption, flood, tempest, storm, typhoon, hurricane, tornado, cyclone or other natural atmospheric disturbance, unless covered specifically under the Act of God.
  • Liabilities arising by the transportation of dangerous materials or hazardous substances outside of the insured’s premises, unless specifically covered by the policy extension.

Why Car Insurance?

Listen to Our Customers

The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.​

Rohit Kapoor

We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.​


The contents of your newsletter are quite interesting and informative.

This will help in creating awareness in the industry about the loss prevention and good maintenance.

Thanks for the good work you are doing.​


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Registration Number: 150 | ARN- ADVT/2017/May/22 | CIN: U66000MH2010PLC209656

© 2017 Liberty Videocon General Insurance Co. Ltd.

Reg Office: 10th floor, Tower A, Penisuala Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013

Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty Videocon General Insurance Company Limited under license. For more details on risk factors, terms & conditions please read sales brochure carefully before concluding a sale.