Page 70 - Liability Insurance IC74

The Insurance Times

land.

(c) Lift (third party) insurance - The policy is designed
for owners of passenger lifts in building to cover third
party liabilities for personal injuries or property damage
arising out of the use and operation of lifts.

The coverage applies to:
(i) Death or bodily injury of any person (not being

member of the insured's family or an employee of
the insured).
(ii) Loss of or damage to property (not being the
property of the insured or of his family members or
of his employees)
(iii) Direct damage to personal effects of any person
(not being a member of the insured's family or an
employee of the insured).

The rates of premium vary according to limits of
indemnity - any one person, AOA and AOY.

(d) Professional indemnities practiced in the U.K
market - In U.K, mutual insurance schemes are in
operation. For the medical profession, the Medical
Defence Union and the Medical Protection Society
cover their members against professional liability

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