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LIABILITY INSURANCE

Insurance Category: NON-MOTOR INSURANCE


Insurance Sub-Category: LIABILITY
Insurance Policy: PUBLIC LIABILITY INSURANCE
Policy Summary
Public Liability Insurance provides compensation to the client in respect of the financial
consequence of legal liabilities towards third parties arising out of business activities. The
law imposes a general duty of care on persons not to harm their neighbours. The most
common sources of liability are under this product is tort and contract.

Client profile
This policy is ideal for each and every person, whether individual or corporate, involved
in any kind of activities. Examples of situations where liability arises are as follows:
All Contractors e.g. a contractor who damages a telephone companys
underground cables while digging trenches may be held liable to pay the cable
company.
Large scale farmers may be held liable for straying animals which damage crops
in the neighbouring farms.
Residential property owners may be held liable for damage done by felling trees
e.g. if the tree falls on the neighbours house.
Garages and Filling stations may be held liable for damage to surrounding
property in the event of a fire spreading to the neighbours property

Main Features of the Product


Public liability insurance usually provides cover for:
Compensation claims for injuries to a third party or damage to their property,
whether an incident takes place on business premises, a customers premises or
elsewhere
Legal expenses
The cost of repairing damage (for example, to a insureds carpets if you are a
plumber and do something in the course of your work which causes a flood)
The cost of hospital treatment (including the cost of calling out an ambulance)
in the event of injury cases
Any other expenses deemed reasonable under the law
It is up to the client to decide how much public liability cover to purchase depending
on the nature of business and legal liability exposure.

Documents required under public liability claims:


i) Documents/ items required from the Insured
Claim notification to the Insurance broker/company to facilitate the
appointment of a loss adjustor
Duly completed Claim form and particulars of the claim and necessary
evidence
Police abstract report
Demand letter from the third party or court summons

ii) Expected from the Insurance Company


Investigators report or the preliminary reports.
Court judgement or out of court agreement
Computations of the compensation payable.
Settlement cheque directly to the third party advocates

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