Page 192 - Liability Insurance IC74

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Public Liability Insurance Policy ?
Ans. Repeat of Q4 of May 2008 , Q3 of May 2009 & Q8 of

Nov 2010

There are 15 exclusions under Clause 8. They are:
(i) Contractual Liability Exclusion - public liability

insurance is only concerned with liabilities arising
under law. Any other wider liabilities are not
covered.

(ii) Acts of God which may cause catastrophic loss is.
However, earthquake risk may be covered on
payment of extra premium.

(iii) If insurance coverage is provided for such liability,
it'd be contrary to public policy and against public
interest. Further, the insured has to be clear that all
the statutory provisions have been complied with.
The exclusion applies only when the non-compliance
is intentional .

(iv) Damage refers to damage of tangible property, not
of intangible property like loss of goodwill or loss of
market, etc.

(v) Like damage, the definition of 'Injury' should be
explained. Injury means death, bodily injury, illness
or disease.

(vi) Liability arising out of fines, penalties, punitive

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