The Public Liability Insurance Act of 1991 in India imposes absolute liability on industries that handle hazardous substances or engage in dangerous activities. Let’s understand what absolute liability is in detail through this blog. Public Liability Insurance Act 1991 “The Act was enacted to address the issue of industries that handled hazardous substances and engaged […]
Articles Tagged: Public Liability Insurance
What is contractors’ pollution liability insurance and what does it cover?
Contractors Pollution Liability Insurance is a specialised form of insurance policy that aims to protect contractors from the financial costs associated with third-party claims for bodily injury, property damage, and environmental damage caused by sudden and accidental pollution incidents. Tailored to specific needs, it covers contractors’ legal liability due to indemnity obligations in contractual agreements. […]
Insurance for educational institution- Scope and Types of Coverage
When it comes to insurance coverage, every industry and business has specific needs. The universal industry-specific approach does not always work for every business. Industry-specific insurance helps businesses tailor their risk management programs to the unique threats that could jeopardize their operations. In this blog, we will discuss the scope of educational institutions insurance– schools, […]
Environmental liability insurance (ELI) – Coverage and Benefits
The environment plays a crucial role in keeping our planet Earth healthy and thus it is our responsibility to protect the environment. With a lot of importance given to nurturing environmental consciousness, the government has formulated various environmental laws and keeps bringing new legislation related to environmental safety. Companies operating in industries like the energy […]
Types of group insurance schemes available for SMEs
Group Insurance Schemes for SMEs Small and medium scale enterprises may have a small work setup, but when it comes to keeping the employees happy, they can achieve wonders. Often experts in their respective fields, SMEs may find loopholes at the administrative end that can be resolved by taking different types of group insurance policies. […]
Pet owners can buy insurance to pay for legal fees and compensations
Published in Mint on 19th February, 2018. Written by Abhishek Bondia We live in a small housing cooperative society that has 20 units. Recently, one of the members took a ferocious-looking dog as pet. It is very harmless now but could become a problem later on as such dogs are known to be aggressive. Is […]
Types Of Group Insurance Policies For Small & Medium Enterprises
Group insurance plans are inexpensive and very beneficial plans for employees. If bought properly with right benefits these plans can cover vulnerabilities of the people who work for an organization. They will feel motivated and fearless from taking additional responsibilities which will ultimately leads to higher productivity and happier workforce. Types of Group Insurance Plans […]
Does Public Liability Insurance Cover Subcontractors?
Does Public Liability Insurance cover Subcontractors as well? Yes, public liability insurance cover subcontractors as well. If you are working as a subcontractor, you are vulnerable to various kinds of losses or damages. Moreover, if you are working as a subcontractor, you are more likely to be running your own small business. Even if you […]