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You nurture your business like your own child. You take good care of it, giving  it the best of environment, resources and best practices. But just as in life, so in business, accidents happen which even you cannot prevent. For instance, a customer slips and twists her ankle because of a wet floor in your business premises, resulting in hospitalisation. Public exposure and liabilities effected by law can bring an abrupt end to a promising business future. HDFC ERGO General Insurance’s Public liability Insurance Policy covers you against such legal liabilities, giving the best of protection.
Scope of Cover:
The policy indemnifies you for any claims arising out of accidents, injury and damages that occur on your premises in connection with the carrying on of your business. For more comprehensive protection, you can extend it to cover legal exposures arising out sudden and accidental pollution, Act of God perils, transportation of hazardous substances and more
Main Exclusions:
The policy does not cover liability arising out of or in connection with pollution, any product, personal injuries such as libel, slander, fines, penalties and punitive or exemplary damages, and transportation of materials.
Sum Insured:
This depends on the exposure you specify. You are required to fix two limits of indemnity as under (for both premises and transportation).
- Any One Accident (AOA). - Any One Year (AOY).
AOA and AOY must be in the ration of 1:1, 1:2, 1:3 or 1:4. It is not permissible to issue a policy with unlimited liability.
Premium:
The rate chargeable varies based on the risk group, limits of indemnity selected, ratio of limits, number of locations and annual turnover of your business.
Excess:
The policy is subject to a compulsory excess of 0.25% of the AOA limit, subject to a maximum of Rs.1,50,000 and minimum of Rs.1,500. Opting for a higher excess on a voluntary basis qualifies for a discount in the premium payable.
Main Extension :
- Industrial seepage, pollution and contamination extension. - Carriage of effluents (outside the premises) extension. - Transportation extension. - Act of God perils extension.
Download Proposal form [Industrial]   (DOC 435 KB)
Download Proposal form [Non Industrial]   (DOC 435 KB)