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.

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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
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Policybazaar for Business - Comprehensive Liability Insurance - Customer Reviews
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4.3 April 09, 2023
Shubh
Competitive Premiums
The premiums offered by PolicyBazaar for the Comprehensive General Liability Insurance are competitive, considering the extensive coverage and top-notch customer service they provide.Truly recomend it.
Ludhiana
4.3 March 28, 2023
Prakhar
Worth Buying
PolicyBazaar worked closely with me to tailor the coverage to meet the specific needs of my business.Worth buying.
Dehradun
3.8 March 16, 2023
Veer
Wide Coverage
One of the most significant aspects of this insurance is its coverage. It provides extensive protection against a wide range of liabilities, including bodily injury, property damage, etc. Thanks for the policy PB
Lucknow
3.8 March 04, 2023
Akash
Peace Of Mind
I have been a satisfied customer of PolicyBazaar for several years now. It offers a comprehensive and reliable safety that has given me peace of mind and allowed me to focus on growing my business without constant worry about unforeseen events.Thankyou PB.
Bareilly
3.8 February 20, 2023
Ram
Claim Process Is Hassle Free
PolicyBazaar's claims process is efficient and hassle-free. In the unfortunate event of a claim, they handled everything swiftly and professionally, ensuring a smooth resolution without unnecessary delays. This reliability and promptness have further strengthened my trust in their services.Thankyou.
Delhi
4 February 20, 2023
Rohan
Great Customer Support
PolicyBazaar can help you get your Insurance as I am in the construction Industry and needed some guidance on risk concerns. I contacted PolicyBazaar Team, whO explaned to me the process to get the Insurance. Thank you PolicyBazaar.
Jamshedpur
3.8 February 16, 2023
Aditi
Damages Covered
I recently purchased CGL insurnace from PolicyBazaar. They helped me to cover my damages. Thankyou.
Jamshedpur
4 February 12, 2023
Neha
Helpful Team
We were looking to buy Comprehensive General Liability Insurance Plan that protects Third party property from any accidental damage at my workplace. So we landed on the PolicyBazaar website. It was well managed and described all the benfits in detaill... We contacted their Customer support and dcided to buy from them. Thanks, PolicyBazaar Team
Coimbatore
3.8 February 08, 2023
Veer
All In One Platform
It is an All in one platform which provided me unique perks, Low premium prices and a fast claim settlement process. Thankyou PB. Excellent platform.
Vadodara
4.3 February 04, 2023
Amar
Good Package
Got a really good coverage. Thanks, PolicyBazaar
Lucknow