PUBLIC LIABILITY
This policy covers the amount, which the insured becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury, loss or damage to the property belonging to a third party.

Scope & types of Public Liability Policies

1. Public Liability Non Industrial Risk - For offices, hotels, cinema houses, hospitals, schools etc.

2. Public Liability Industrial Risk - For godowns, warehouses and factories.

3. Public Liability Insurance Act 1991 - This is a mandatory policy to be taken by owners, users or transporters of hazardous substance as defined under Environment (Protection) Act 1986 in excess of the minimum quantity specified under the Public Liability Insurance Act 1991. 

Add on covers:
The Public Liability Policy can be extended to cover the following risks on payment of an additional premium. 
   a. Natural calamities like flood, earthquake etc.
   b. Pollution Risk subject to NOC from Pollution Control Board
   c. Transportation Risk

What is covered?

• Policy covers all amounts one is legally liable to pay third party during the policy period including legal costs and expenses subject to the limit of indemnity terms and conditions of the policy.

• Policy cannot be issued for unlimited liability.
  

PRODUCT LIABILITY
Product Liability policy pays for damages, that the insured is legally liable to pay in consequence of accidental death/injury or disease to third parties including damage to third party property due to any defect in the products manufactured.

Exports to other countries can also be covered provided domestic sales are also covered.
This policy is suitable for all industries where the need for compensation on account of defective product may arise.

What is covered?

• Claims arising out of accidents during the policy period due to defects in the products covered by the policy are payable.

• Injury to third party and pollution liability on account of products covered.

• Indemnity is extended to officials of the insured in their business capacity.

• Officers, committees and members of insured's welfare association's personal representatives of the estate.

• All costs, fees and expenses incurred in investigation, defense and settlement of claim made against the insured, cost of representation at any inquiry or other proceedings in respect of matters having direct relevance to the claim made against the insured are covered by the policy subject to the overall limits stated in the policy.
  

Scope of the policy

• The defect in the product may be a manufacturing defect or may even be due to faulty packaging, delivery specifications or instructions as to use of the product.

• The policy covers the sales turnover of the company- both domestic and/or exports.

• The policy is on a claims made basis i.e. the claims must arise and be made in writing on the insurance company during the policy period.

• The policy does not cover any liability for product recall, product guarantee, pure financial loss such as loss of goodwill or loss of market. 

• The policy also does not pay for the cost incurred for repairing or reconditioning or modifying the defective part of the product. 
  

Who can take the policy?
The manufacturer of any product can take the policy whether it is the final product or part of the final product. 

WORKMEN COMPENSATION INSURANCE
Workmen's Compensation Insurance is meant for businesses. It is compulsory for employers under the Workmen's Compensation Act to purchase Workmen's Compensation Insurance to cover his workmen. 

It provides compensation to the workers or their dependants for occupational disease, personal injuries or death caused by accidents arising out of and in the course of the employment.
This policy is taken to cover workmen who cannot be covered under E.S.I. Act. This policy id designed by Tariff advisory Committee in India under the direct control of IRDA.

Who does it cover?
This policy protects the employers against their legal liability for payment of compensation arising as a result of death or disablement of the employees in the course of employment.

Types of Cover:
Type A: 
Covers only those employees who come within the definition of 'workmen' under the Workmen's Compensation Act.
Type B: 
Covers only those employees who are not 'workmen' within the meaning of that term under the Workmen's compensation act.

Extensions: 
Medical expenses and liability for contractor's workmen can also be covered at an extra premium.

DIRECTORS & OFFICERS LIABILITY INSURANCE
Directors and Officers of a company hold positions of trust and responsibility of the organization. They may become liable to pay damages to shareholders, employees, creditors, etc., of the company for wrongful acts committed by them in the supervision and management of the affairs of the company.

Who is covered?
For the Parent Company and Subsidiary Companies: Past, Present and future Directors, Officers and other individuals with a Personal Liability for management decisions, who committed a wrongful act whilst performing managerial duties. The policy can be extended to cover employees for employment related claims as well as outside directors.

What are covered?
Legal liability for damages plus costs, charges and expenses, as a consequence of a Claim made against, and based on a wrongful act committed by an insured person.

When does the Coverage Apply?
The Directors & Officers Liability insurance is triggered by claims made against the insured person during the policy period based on a wrongful act committed at any time, provided such claim is reported within the agreed reporting provisions in the policy.
 
The coverage does not apply to claims/circumstances, which could reasonably lead to a claim, of which the insured had knowledge of or had reported to another insurer prior to the first inception date of the policy.