Features & Benefits
Requirements:You build your business with a lot of hard work to make your mark in this world and it is another fact that not all businesses are industrial. But risks are what plague people everywhere; they do not occur only when one is near a factory. Risks are also present in the Non-Industrial sector. If you own a hotel, restaurant, cinema, office, etc. you could be held responsible for the injury and / or death of people visiting your property at all times and the truth is that as the reason for your establishment to exist is to cater to the general populace, a larger number of people are more likely to visit such establishments as compared to establishments of the industrial sector. When something goes wrong and someone gets hurt, you could be held liable for any loss or damage these people suffer. You need to be prepared for such cases as they happen more often than you would expect. Our
“Public Liability Insurance (Non-Industrial Risk) Policy” steps in to protect you at such a time.
Benefits: In case an accident befalls third party individuals on your premises, you need to ensure they are duly compensated and your legal and moral liabilities to them are taken care of. The policy will do all this for you.
Sum Insured: This is an indemnity policy with particular limits. These limits are:
Any One Accident (AOA): This is the maximum amount payable under the policy for each accident
Any One Year (AOY): This is the maximum amount payable under the policy for any one year and is expressed in ratios such as 1:1 or 1:2 or 1:3 or 1:4 with regard to the AOA defined above.
Premium: The amount of the premium you pay for the Public Liability Insurance (Non-Industrial Risk) Policy is calculated after considering factors like the risk group classification (which vary from establishment to establishment), the limits of the indemnity, gross annual turnover and any extensions you wish to put in force.
Please read the
policy wordings for more information.
*Terms & Conditions apply.