Page 125 - Liability Insurance IC74
P. 125
Guide for Liability Insurance
(l) directly, resulting from goods or products
manufactured or sold or supplied by the company.
Q4. M/s Clariant Machines India Ltd has submitted
proposals for Products Liability Insurance
including Exports. Information submitted is as
below :
(a) Risk group -4
(b) Limit of Indemnity required - Rs 1 Crore AOA,
Rs 2 Crore AOY
(c) Ratio of AOA:AOY - 1:2
(d) Turnover - (i) Rs 75 crores
Indian
(ii) Rs 5 crores
USA/Canada
(iii) Rs 7 crores
(iv)Rs 10 crores
Non- OECD
countries
(e) Basic rate - 0.09 per mille
(f) Multipliers are as below:
USA & Canada 15
OECD countries 5
Other countries including
Non OECD countries 2
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