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Public Liability Act Insurance (1981)

Type: Corporate Insurance | Category: Liability Insurance

Policy Details

Learn more about the Public Liability Act Insurance (1981) policy.

Public Liability Act Insurance (1981)

Description

A mandatory insurance under the Public Liability Insurance Act, 1991, for companies handling hazardous substances to cover third-party injury or property damage.

What is This Policy?

This policy is mandatory for any company handling hazardous materials. It ensures compliance and provides immediate compensation for third-party injury or damage.

What is Covered

The policy covers legal liability to pay compensation for death, injury, or property damage caused by accidents involving hazardous substances. It includes costs for immediate relief as mandated under the Act, including legal expenses.

Who Should Buy

Chemical plants, pesticide manufacturers, pharma units, Businesses handling hazardous or flammable goods

Key Features

  • Statutory requirement for hazardous industries
  • Covers immediate relief for victims as per law
  • Can be extended with Environmental Impairment Liability (EIL)

Get in Touch

Request a free consultation for the Public Liability Act Insurance (1981) policy.

Contact Information

123 Financial District, Hyderabad, Telangana 500032

+919100509675

info@novoinsure.com