Ensuring Public Safety through Public Liability Insurance

Public liability insurance is for commercial purposes, which ensures compensation to the company owner or the insured in case of unintentional damages to a third party. Therefore, with comprehensive liability insurance cover all the third party damages caused by the insured, are then paid by the insurer. However, most people residing in India are not acquainted with the fact that they may ask for appropriate compensation if they have suffered any bodily injury due to the act of a company.

Read more

Expert Advice

Buy Right

Instant Policy

Quick & Hassle free

Dedicated Team

Speedy Claims

*Premium varies on the basis of Occupancy, Business Activity & Coverage Type

Please share some basic details

Step 1/2
Or Contact us on: 1800-309-0988
Get Updates on WhatsApp
By clicking on "" you agree to our Privacy Policy and Terms Of Use, and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.

*Premium varies on the basis of Occupancy, Business Activity & Coverage Type

Just a step away from the quotes
Step 2/2

Popular Cities

Are you buying General Liability policy for the first time?
Or Contact us on: 1800-309-0988
Get Updates on WhatsApp
By clicking on "" you agree to our Privacy Policy and Terms of Use, and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.

*Premium varies on the basis of Occupancy, Business Activity & Coverage Type

Public Liability Insurance

The death incident of singer KK raises various questions about public liability insurance policy in India. However, the cause of the death is still unknown to the public. Nevertheless, different questions arose about the arrangements of the concert. Various housing media allegedly reported that the air conditioner was not working properly, which caused the loss of his life due to suffocation. In addition, the auditorium was overcrowded as per the investigation.

The concert organizers were accountable for ensuring public safety at the venue. But, it was revealed that no sign of an ambulance or medical equipment could be noticed at the concert. However, it is mandated for shopping malls, schools, and restaurants to deploy at least one staff to provide medical aid to the public.

Need for Public Liability Insurance

A company needs public liability insurance to ensure the safety of the public and discharge its liability towards unintentional loss or damage caused to the public. In addition, an organization involved in multiple business operations and processes needs comprehensive liability insurance cover, as a faulty product may cause damage or injury to any of the consumers.

Benefits of Comprehensive Liability Insurance

The comprehensive liability insurance policy is not a statutory requirement. However, it is crucial for an organization to buy an insurance policy that provides protection against liabilities that may arise within business premises.

Let us examine how commercial liability insurance could be beneficial for any organization.

Bodily injury

It protects or indemnifies an organization against any bodily injury suffered by a third party.

Personal injury

An act of libel or slander might cause the identity of a person. Hence, he may sue an organization under a defamation case. The insurance policy, under these circumstances, pays appropriate compensation to the injured third party.

Legal damage

An individual may sue the organization in case of a breach of legal rights granted by the constitution. Hence, the insurance policy also protects an organization from infringement or violation of a legal right of an individual.

Exception of Public Liability Insurance

Any voluntary act of harming a third party under the following circumstances will not be payable by the insurance provider:

  • Cases of contractual or legal liabilities
  • Ignorance of legal or safety provisions
  • Defamation, Loss of goodwill, libel, mental loss or damage, false arrest, and slander

Conclusion

In India, various tragedies take place in a year. However, people rarely get compensation for loss/damage/bodily injuries under public liability insurance policy. Instead, they wait for the government to announce compensation for them. Therefore, people need to understand the significance of public liability insurance to ensure to claim damages caused due to business operations.

Written By: PolicyBazaar - Updated: 10 January 2023