Page 232 - Liability Insurance IC74

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against whom a complaint has been made denies or
disputes the allegations contained in the complaint.

(c) Mention the contents of Risk Assessment form
in respect of effluent discharge - Ref of Q1 of
Nov 2007, Q10 of May 2009 & Q5 of Nov 2010

Ans: (i)whether discharged from the plant outside the
premises by pipeline. (ii) whether effluent treated before
discharge according to Pollution Laws.(iii) whether
coverage acquired, if so, the length of the pipeline from
the compound wall of premises to the disposal point.

(d) Mention the rating factors for deciding premium
in industrial risk public liability policy.

Ans. Repeat of Q5(a) of May 2008.

The factors taken into account for determining the
premium are usually :
(i) The ratio of indemnity limits i.e AOA : AOY
(ii) The risk category. All industries are categorised on

the basis of hazards involved and the premium factor
is loaded accordingly.
(iii) The turnover.
(iv) The add-ons.

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