Page 84 - Liability Insurance IC74

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(l) directly, resulting from goods or products
manufactured or sold or supplied by the company.

Q4. Name the major exclusions under Public Liability
Policy (Industrial and Non-industrial).

Ans. 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

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