Page 243 - Liability Insurance IC74

Guide for Liability Insurance

is an indication of the size of the manufacturing activity
and the services provided by the proposer. A comparison
of the turnover with the previous years elucidate whether
the business is static or increasing. A rapid increase may
often be taken as an adverse feature as it can result in
inadequate management control. Turnover is an
important factor in rating of liability proposals.

Q7. Specify the questions which the underwriter will
ask for accepting liability risks for schools,
warehouses and cinema halls.

Ans. Repeat Q5(b) of May 2009 & Q3 of

The questions which Undertaker will ask for accepting
the risks for school are (i) Number of students and
their age group.

(ii) Whether hostel facility is provided. If yes, number
of rooms, number of inmates.

(iii) Whether canteen facilities are provided in the
institution/hostel. If yes, whether they are
hygienically maintained.

(iv) Whether cover needed against risks associated with
food and beverages served in the institutions.

(v) Details of other facilities provided, i.e (a) Indoor
Games (b) ) Outdoor Games (like Mountain

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