OTHER INSURANCE

Policy Coverage:
This Policy may cover various assets such as Building, Plant & Machinery, Stock, and Furniture, Fixtures against loss or damage due to:

•   Fire, Lightning, Explosion / Implosion.
•   Aircraft Damage,
•   Riot, Strike & Malicious Damage.
•   Storm, Cyclone, Tempest, Hurricane, Tornado, Flood and Inundation.
•   Impact Damage, Subsidence and Landslide including Rockslide.
•   Bursting and/or overflowing of Water Tanks, Apparatus and Pipes.
•   Missile testing operations.
•   Leakage from Automatic Sprinkler Installations and Bush Fire.

Add-on Coverage:
The Add-on covers offered are as follows:

•   Fees for Architects, Surveyors and Consulting Engineers are beyond 3% of the claim amount.
•   Expenses for removal of Debris beyond 1% of claim amount.
•   Deterioration of Stocks in Cold Storage premises due to power failure /change in temperature arising out of loss or damage to the cold storage machinery (ies) due to operation of insured peril.
•   Forest Fire.
•   Impact Damage due to Insured?s own Rail/Road Vehicles, Forklifts, Cranes, Stackers and the like and articles dropped there from
•   Spontaneous Combustion.
•   Omission to insure additions, alterations or extensions.
•   Earthquake damage caused by Fire and Shock.
•   Temporary removal of stocks is covered to any other premises for the purpose of production or processing or finishing or similar purposes.
•   Loss of Rent and / or additional expenses of rent for alternative accommodation.
•   Start Up Expenses
•   Spoilage Material Damage Cover
•   Leakage And Contamination Cover
•   Temporary Removal of Stocks Clause

Specific Exclusion:

•    Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, rebellion, revolution, insurrection or military or usurped power.

Scope of cover:
All industrial risks (other than risks ratable under Petrochemical Tariff) having overall Sum Insured of Rs.50 crores and above in one or more locations in India shall be eligible for Industrial All Risks Policy.

Section I: Material Damage:

•   a) Standard Fire & Special Perils
•   b) Burglary
•   c) Machinery Breakdown/ Boiler Explosion/Electronic Equipment Insurance

Section II: Business Interruption

•   a) a) Fire Loss of Profit
•   b) Optional Cover: Machinery Loss of Profit

Sum Insured

•   a) The policy in so far as it relates to Buildings, Machinery, Furniture, Fixtures, Fittings & Electrical Installations shall be on Reinstatement Value basis only, while the Stocks shall be covered on Market Value basis. However, the facility of declarations for stocks shall not be available under the IAR Policy.
•   b) The Policy shall be subject to condition of average. However, Under Insurance on each item of the schedule will be ignored if it does not exceed 15% thereat.

Specific Exclusion:

•   1) Faulty or defective design materials or workmanship inherent vice latent defect gradual deterioration deformation or distortion or wear and tear
•   2) Interruption of the water supply gas electricity or fuel systems or failure of the effluent disposal systems to and from the premise..

Scope of cover:
This policy operates in the event of damage to the premises of an insured due to any peril insured under the Standard Fire & Special Perils Policy, causing an interruption to his business. It enables the insured to recover:

•   1) His Loss of Gross Profit due to a reduction in turnover
•   2) Increased Cost of Working incurred in minimizing that loss of Gross Profit.

Definitions
Gross Profit is the sum of Net Profit and Insured Standing Charges.

Net Profit
Net Profit is the 'Net Trading Profit' excluding capital receipts, accretions and outlay chargeable to capital after making provisions for all standing charges but prior to deduction of tax.

Standing Charges
Standing Charges are expenses which do not diminish proportionately with a reduction in turnover. Indemnity Period commences with the date of the damage, and lasts till such time as the business is restored to its pre-damage level, or the period stipulated in the policy, whichever is earlier. This policy insures earnings of the business lost during the Indemnity Period.

Basis of Sum Insured
This is based on the annual net profit of the business as per the previous year's accounts plus the 'standing charges'. An Insured is entitled to return of premium (not exceeding 50% of the premium paid) in case the Gross Profit earned during the financial year concurrent with the period of insurance is less than the Sum Insured.

Extensions:

•   Loss of Wages
•   Lay off & retrenchment
•   Auditors/Accountants Fees
•   Loss of Goods Lying at Suppliers Premises
•   Loss due to accidental failure of public electricity/gas/water supply.

Specific Exclusions Same as excluded in the Standard Fire and Special Perils Policy

Scope of cover:
This Policy covers civil construction projects, such as residential / commercial buildings, theatres, factory sheds, warehouses, roads, bridges, dams, reservoirs, tunnels, oil / gas pipelines, water / sewage disposal works, airports, flyovers, etc.
Following perils covered under this Policy:
This is ?all risk? insurance, which covers :

•   Section 1:-Material damage by accidental physical loss and
•   Section 2:-Third party losses

During the execution of a civil engineering project unless specifically excluded.
Sum Insured
The Sum Insured shall include landed cost at site of imported / indigenous materials, construction cost (including visits of specialists / experts, supervision charges). It is the completely erected value of property inclusive of freights, custom duty, erection cost adjusted to fluctuations in wages / prices.
Add on cover/Extension

•   Maintenance Visits and extended Maintenance cover
•   Earthquake
•   Clearance & Removal of Debris
•   Third Party Liability
•   Owner's Surrounding Property
•   Escalation
•   Terrorism

Significant Exclusions

•   War & Nuclear Risks
•   Willful Act / Negligence
•   Partial / Total cessation of Work
•   Normal wear & tear
•   Loss or damage due to faulty design
•   Consequential Losses
•   Cost of replacement / repair or rectification of defective material and / or workmanship

Scope of cover:
Erection All Risks (EAR) policy is designed to cover all Risk except specifically excluded pertaining to Projects during Storage, Erection, Testing and Commissioning
Sum Insured

•   The sum insured is the completely erected value of the plant and machinery
•   inclusive of freight, customs duty and cost of erection
•   Add on cover/Extension
•   Maintenance Visits and extended Maintenance cover
•   Earthquake
•   Clearance & Removal of Debris
•   Third Party Liability
•   Owner's Surrounding Property
•   Escalation.
•   Terrorism

Specific Exclusions

•   War & Nuclear Risks
•   Willful Act / Negligence
•   Partial / Total cessation of Work
•   Normal wear & tear
•   Loss or damage due to faulty design
•   Consequential Losses
•   Cost of replacement / repair or rectification of defective material and / or workmanship

This Policy covers entire range of Electronic Equipments such as Personal Computer, Micro-processor, Telecommunication Equipments, Audio / Visual Equipments and sophisticated gadgetry.
Scope of cover:

•   Section I: Any unforeseen and sudden physical loss or damage to electronic equipments from any cause, other than the exclusions.
•   Section II: External data media and the expenses for reconstruction and re-recording of information.
•   Section III: Increased cost of working.

Exclusions:

•   Transit risks from site to site.
•   Electrical & mechanical breakdown.
•   Freezing of coolant or other fluids, defective lubrication, replaceable parts.
•   Explosion due to steam pressure in I.C. engine.
•   Wear and tear, rusting, testing for other purposes.
•   War and nuclear perils.
•   Pre-existing defects at inception.
•   Willful act/negligence of insured.
•   Consequential loss/liability, inventory loss..
•   Cost of alteration, improvement, overhauls, modifications, additions, material changes.

Exclusions to Section I:

•   Pre-existing faults or defects.
•   Normal wear and tear, erosion, corrosion, encrustation.
•   Any costs incurred in connection with the elimination of functional failures unless such failures were caused by an indefinable loss or damage.
•   Maintenance cost of the insured items.
•   Loss or damage to objects made of glass, porcelain or ceramics, sieves or any operating media.
•   Aesthetic defects such as scratches on painted or enameled surfaces.

Exclusions to Section II:

•   Costs arising from false programming, punching, labeling or inserting, inadvertent canceling of information or discarding of data media, and from loss of information caused by magnetic fields.

Exclusions to Section III:

•   Costs for replacement of data media, data and regeneration of data.

General Exclusions:

•   Terrorism.
•   War and nuclear risk.
•   Willful act or negligence.
•   Partial or total cessation of work.
•   Loss or damage to the property falling under the terms of the Maintenance Agreement.
•   Loss or destruction or damage directly occasioned by pressure wave caused by aircraft and other aerial devices.
•   Consequential losses.
•   Gradual deterioration due to atmospheric conditions.
•   Faulty design.
•   Contractual liabilities.
•   Cost or replacement / repair or rectification of defective material and / or workmanship.

Specific Exclusion:-
War, Invasion, Act of foreign Enemy, Hostilities or War Like operations (whether war be declared or not), Civil War, Rebellion Revolution, Insurrection Mutiny, Civil Commotion, Confiscation, Commandeering a Group of Malicious persons or persons acting on behalf of or in connection with any political organization, requisition or destruction or damage by order of any government de-jure or de-facto or any public, municipal or local authority

Scope of cover:
This Policy covers for physical loss or damage to Machinery and equipment against unforeseen and sudden physical loss due to all kinds of accidental, electrical and mechanical breakdowns as a result of internal and external cause, or damage to the insured items, necessitating their repair or replacement, other than specified excluded perils. Covers remain in effect during the time the machinery is in operation or at rest or in the process of being dismantled, overhauled or during subsequent re-erection at the same premises.

Significant Extensions:

•   Air Freight.
•   Express Freight (Excluding Air Freight), overtime and holiday wages.
•   Insured?s own surrounding property.
•   Third Party Liability.

Specific Exclusions:

•   Fire and related perils.
•   Theft.
•   Overloading experiments.
•   Willful acts or gross negligence.
•   Gradual flaws / defects not necessitating immediate stoppages.
•   Normal wear and tear.
•   Consequential losses.
•   Pre-existing defects.
•   Terrorism.

Sum Insured:

•   The value proposed for insurance should be equal to the new replacement cost, including freight, erection cost and customs duty, if any.

Scope of cover:
The Policy covers loss or damage to the contract?s construction equipment such as bulldozers, cranes, excavators, compressors etc., due to an accident arising out of external perils. This cover is operative while the equipments are at work or at rest, or during dismantling for cleaning or overhauling, or re-assembly.

Significant Extensions:

•   Express freight (excluding air freight), overtime and holiday rates of wages.
•   Air Freight.
•   Owner?s surrounding property.
•   Clearance and removal of debris.
•   Additional customs duty.
•   Escalation.
•   Third party liability.
•   Earthquake.
•   Act of terrorism.

Specific Exclusions:

•   Transit risks from site to site.
•   Electrical & mechanical breakdown.
•   Freezing of coolant or other fluids, defective lubrication, replaceable parts.
•   Explosion due to steam pressure in I.C. engine.
•   Wear and tear, rusting, testing for other purposes.
•   War and nuclear perils.
•   Pre-existing defects at inception.
•   Willful act/negligence of insured.
•   Consequential loss/liability, inventory loss..
•   Cost of alteration, improvement, overhauls, modifications, additions, material changes.

Sum Insured:

•   Current replacement value of the machinery / equipment of the same kind and same capacity.

Scope of cover:
This policy covers boilers and other pressure vessels,

•   Damage to both fired and unfired against losses due to explosion or collapse.
•   Damage to surrounding property arising due to explosion or collapse of the Pressure Plant during its normal course of working.
•   Third Party Legal Liability arising due to explosion or collapse of the Pressure Plant during its normal course of working.

Any firm, company, factory etc. who are using any Boiler and Pressure Plant, can cover them under this policy.

Significant Extensions:

•   Damage to the Owner?s existing surrounding property.
•   Legal liability for Third Party bodily injury and property damage.
•   Express Freight (Excluding Air Freight), overtime and holiday rates for wages.
•   Air Freight.
•   Additional Customs Duty.

Significant Exclusions:

•   Fire and allied perils.
•   War and Nuclear perils.
•   Overload experiments / tests imposing abnormal conditions.
•   Gradually developing defects not necessitating stoppage.
•   Normal wear and tear.
•   Failure of individual tubes not leading to explosion / collapse.
•   Loss / Damage during application of test by inspecting authority or otherwise.
•   Willful act / negligence.
•   Pre-existing defects and faults.
•   Consequential losses.
•   Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts

Sum Insured:

•   Sum insured should be reinstatement cost of the Boiler.

Who can take the Policy:
We issue ?Professional Indemnity? Policy to the following group of professionals:

•    Doctors and medical practitioners.
•    Engineers, Architects etc.
•    Chartered Accountants, Cost Accountants, Management Consultants, Lawyers etc.

Scope of Cover:
Professional Indemnity Policy covers all sums which the Insured becomes legally liable to pay as damages caused by or alleged to have been caused by error, omission or negligence on the part of the Insured whilst rendering professional service during the Policy period, including legal costs and expenses incurred with the prior consent of the insurer. The Policy is always issued with a limit of liability and it shall not be permissible to issue any Professional Indemnity Insurance Policy with unlimited liability.

Exclusions:

•   Any criminal act.
•   Services rendered under the influence of intoxicants or narcotics.
•   Any Third Party Public Liability.
•  nbsp; Any condition caused by or associated with AIDS.
•   Deliberate, willful or intentional noncompliance of any statutory provision.
•   Non-compliance with technical standards commonly observed in professional practice, laid down by law, or regulated by official bodies.
•   Loss of pure financial nature such as loss of goodwill, loss of market etc.
•   All personal injuries such as libel, arrest, wrongful eviction, etc. and mental injury, anguish or shock.
•   Any dishonest, fraudulent or malicious act.
•   Fines, penalties, punitive or exemplary damages.
•   Professional services rendered by the Insured prior to the Retroactive Date in the Schedule.
•   War and nuclear perils.

Under Commercial General Liability Insurance all persons/ firms/ associations/ companies which own, operate or engage in commercial activities and seek to protect the third party bodily injury and property damage can opt for this Policy. The limit of insurance is opted by the client and with a maximum ratio of 1:4 between Any one Accident and Any one Year. This policy only applies to claims for damages for injury or Damage caused by an Accident that takes place at the Insured Premises or any personal or advertising injury caused to third party or any liability arising out products completed operations or any errors & omissions arising out of any commercial activity carried by the insured, In accordance with the Operative Clause, but only such claims in connection with Insured's Business specified in the Schedule. The Policy covers the following:

•   a) Death of or injury to any person
•   b) Damage to property
•   c) Defence Costs within the Limit of Liability

COVERAGES
COVERAGE A. BODILY INJURY AND PROPERTY DAMAGE LIABILITY

•   a) We will pay those sums that the Insured becomes legally obligated to pay as compensatory damages because of ?bodily injury? or ?property damage? to which this insurance applies. No other obligation or liability to pay sums or perform acts or services is covered unless explicitly provided for under SUPPLEMENTARY PAYMENTS ? COVERAGES A, B, and C. This insurance applies only to ?bodily injury? and ?property damage? which occurs during the policy period by an ?occurrence? in connection with business of the insured and within the ?coverage territory?. We will have the right and duty to defend any ?action? seeking those damages, but:
  1) The amount we will pay for compensatory damages is limited as described in SECTION III - LIMITS OF INSURANCE;
  2) We may investigate and settle any claim or ?action? at our discretion; and
  3) Our right and duty to defend ends when we have used up the applicable limits of insurance in the payment of judgments or settlements under Coverages A, B or C.
•    b)Compensatory Damages because of ?bodily injury? include compensatory damages claimed by any person or organisation for care, loss of services or death resulting at any time from the ?bodily injury?.
•   c)?Property damage? that is loss of use of tangible property that is not physically injured shall be deemed to occur at the time of the ?occurrence? that caused it.

COVERAGE B. PERSONAL AND ADVERTISING INJURY LIABILITY

•   We will pay those sums that the Insured becomes legally obligated to pay as compensatory damages because of ?personal injury? or ?advertising injury? to which this insurance applies. No other obligation or liability to pay sums or perform acts or services is covered unless explicitly provided for under SUPPLEMENTARY PAYMENTS COVERAGES A, B AND C. This insurance applies only to ?Personal? and/or ?Advertising? (of your goods & services) injury only caused by an offence which occurs during the policy period, in the coverage territory and in connection with the business of the insured. We will have the right and duty to defend any ?action? seeking those compensatory damages but:
  1) the amount we will pay for compensatory damages is limited as described in SECTION III - LIMITS OF INSURANCE;
  2) we may investigate and settle any claim or ?action? at our discretion; and
  3) our right and duty to defend end when we have used up the applicable limit of insurance in the payment of judgments or settlements under Coverages A, B or C.

COVERAGE C. TENANT?S LEGAL LIABILITY
We will pay those sums that the Insured becomes legally obligated to pay as compensatory damages because of ?property damage? to which this insurance applies. No other obligation or liability to pay sums or perform acts or services is covered unless explicitly provided for under SUPPLEMENTARY PAYMENTS - COVERAGES A, B AND C. This insurance applies only to ?property damage? to premises rented to you or occupied by you. This insurance applies only to ?property damage? which occurs during the policy period. The ?property damage? must be caused by an ?occurrence?. The ?occurrence? must take place in the ?coverage territory?. We will have the right and duty to defend any ?action? seeking compensatory damages but:

•    a) the amount we will pay for compensatory damages is limited as described in SECTION III - LIMITS OF INSURANCE;
•    b) we may investigate and settle any claim or ?action? at our discretion; and
•    c) our right and duty to defend end when we have used up the applicable limit of insurance in the payment of judgements or settlements under Coverage A, B or C.

COVERAGE D. ERRORS AND OMISSIONS LIABILITY

•    a) We will pay those sums that the Insured becomes legally obligated to pay as compensatory damages because of ?wrongful act?, to which this insurance applies. No other obligation or liability to pay sums or perform acts or services is covered unless explicitly provided for under SUPPLEMENTARY PAYMENTS - COVERAGES A, B, C & D. We will have the right and duty to defend any ?action? seeking those compensatory damages. But:
  1. the amount we will pay for compensatory damages is limited as described in SECTION III - LIMITS OF INSURANCE;
  2. we may investigate and settle any claim or ?action? at our discretion; and
  3. our right and duty to defend end when we have used up the applicable limit of insurance in the payment of judgments under Coverages A, B, D or E or medical expenses under Coverage C.
•    b) This insurance applies to ?wrongful act? only: Committed in the ?coverage territory? during the policy period; and arising out of the conduct of the business of the insured.

Scope of Cover:
The Policy will indemnify the Insured in respect of any Act committed by the professionals or qualified Assistants named in the Proposal engaged by the Medical Establishments, which gives rise to any Third Party Legal Liabilities, as a result of error or omission committed by any named professional or qualified assistants engaged by the medical establishment.

Covered Risks:
List of eligible Medical Establishments:

•    Laboratories and Diagnostic Centres.
•    Hospitals.
•    Mental Homes.
•    Nursing / Convalescent Homes.
•    Homes for Physically Disabled.
•    Clinics.
•   Dispensing Pharmacies.
•   Veterinary Hospitals and / or Clinics.

Exclusions:

•    Any Criminal Act.
•   Services rendered under the influence of intoxicants or narcotics.
•   Any Third Party Public Liability.
•   Claims under cosmetic plastic surgery, hair transplants, punch grafts, flap rotations etc.
•   War and nuclear Risks.

As a manufacturer supplying products, you are always susceptible to the possibility that your product could cause damage to a third party ? either property or a person. A small defect could open up to massive claims. In such a case, Shriram General?s Product Liability Insurance is vitally important for product manufacturers. The policy not only protects your organisation from claims but also covers legal costs associated with defending these claims against your organisation.

COVERAGES
The policy covers all sums (including defence costs) which the insured becomes legally liable to pay as damages as a consequence of:

•    Accidental death/bodily injury or disease to any third party;
•    Accidental damage to property belonging to a third party;

Arising out of any defect in the product manufactured by the insured and specifically mentioned in the policy after such product has left the insured?s premises. Coverage is written on a claims made basis, i.e. a liability policy that provides coverage for an injury or loss if the claim is first reported or filed during the policy period. However, the policy offers the benefit of retroactive date, i.e. a date stipulated in a claims-made liability policy declarations section as the first date of incidents covered by the policy. The retroactive date is designed to provide coverage for claims resulting from incidents that take place prior to the current policy term. Renewal claims-made policies usually have the retroactive date of the first policy issued to the insured. When this is not done, there is a gap in coverage.

ADD-ON COVERS

•    a) Technical Collaborators Inclusion Clause: This policy may be extended to include the legal liability of Collaborator with respect to the technical Collaboration Agreement between the Insured and the Collaborator. No claim shall be payable under this policy unless the cause of action arises in India and the liability to pay claim is established against the Insured in an Indian Court, except for the claims in respect of exports of products covered under the Policy.
•    b) Vendor?s Liability Extension: This Policy may be extended to include any person or organisation designated below (herein referred to as 'vendor') as an insured but only with respect to the distribution or sale in the regular course of the vendor's business of the Insured's products. However if Insured is not the manufacturer of the Product & it is manufactured by Sub-Contractors and/or Loan & Licence Manufacturers on their own brand name, the same can be covered under the Products Liability Policy by charging an additional premium.
•    c) North American Jurisdiction Extension Clause: The Policy may be extended to cover for the indemnity to be granted in respect of any judgement, award or settlement made within countries which operate under the laws of the United States of America or Canada (or to any order made anywhere in the world to enforce such judgement, award or settlement either in whole or in part) such extension where a specific amount has been entered against 'Applicable Excess', and where a specific date has been entered against "Retroactive Date" in the Schedule under the heading "North American Jurisdiction".

EXCESS:
Exports to U.S.A/Canada: All Policies covering exports to U.S.A/ Canada shall bear a Compulsory Excess of 1% of the limit of indemnity per any one accident subject to a minimum of Rs. 4,000/-. Domestic Turnover & / or Exports to OECD & Non-OECD Countries: All Policies covering Domestic Turnover & / or Exports to OECD & Non-OECD Countries but excluding exports to U.S.A/Canada shall bear a Compulsory Excess of 0.5% of the limit of indemnity per any one accident subject to a minimum of Rs. 2,000/- This Compulsory Excess shall be applicable to both (a) death/bodily injury (b) property damage, inclusive of defence costs arising out of any one accident. The Company's liability shall attach for the claim in excess of such Compulsory Excess (and Voluntary Excess, if any, opted by the Insured).

EXCLUSIONS
This Policy does not cover liability

•    a) for costs incurred in the repair, reconditioning, modification or replacement of any part of any product which is or is alleged to be defective;
•    b) for costs arising out of the recall of any product or part thereof;
•    c) arising out of any product which with the Insured's knowledge is intended for incorporation into the structure, machinery or control of any aircraft;
•    d) arising out of deliberate, willful or intentional non- compliance of any statutory provision.
•    e) arising out of pure financial loss such as loss of goodwill, loss of market etc.
•    f) arising out of fines, penalties, punitive and/or exemplary damages;
•    g) directly or indirectly occasioned by happening through or in consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power;
•    h) directly or indirectly caused by or contributed to by or arising from;
  1) ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel
  2) the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof;
  
•   i) for damage to property belonging to the Insured or held in trust or in custody or control of the Insured or a person in the service of the Insured.
•   j) arising out of Injury and/or Damage occurring prior to the Retroactive Date in the Schedule. Provided always that in the event of any Injury or Damage arising from continuous or continual inhalation, ingestion or application of any substance following the covered accident and where the Insured and the Company cannot agree when the Injury or Damage occurred, then:
  1) Injury shall be deemed to have occurred when the Claimant first consulted a qualified medical practitioner in respect of such Injury;
  2) Damage shall be deemed to have occurred when it first became evident to the Claimant, even if the cause was unknown.
  
•    k) arising out of deliberate, conscious or intentional disregard of the Insured's technical or administrative management of the need to take all reasonable steps to prevent claims;
•    l) Injury to any person under the contract of employment or apprenticeship with the Insured their contractor(s) and/or Sub-contractor(s) when such injury arises out of the execution of such contract;
•    m) arising out of contractual liability unless liability have existed in the absence of the specific contract;
•    n) arising out any product guarantee;
•    o) arising out of claims for failure of the goods or products to fulfil the purpose for which they were intended.

Who are required to take the policy-
All persons/ firms/ associations/ companies which own, operate or engage in commercial activities and seek to protect the third party bodily injury and property damage can opt for this Policy.
This policy only applies to claims for damages for injury or Damage caused by an Accident that takes place at the Insured Premises, In accordance with the Operative Clause, but only such claims in connection with Insured's Business specified in the Schedule

INDEMNITY:
This policy covers claims for damages for injury or Damage caused by an Accident that takes place at the Insured Premises, In accordance with the Operative Clause, but only such claims in connection with Insured's Business specified in the Schedule and not exceeding the limit of indemnity opted by the insured. ?Defence Costs? will be covered within the overall Aggregate Insurance Limit subject to a maximum of 25% of Overall Aggregate Limit.

This Policy can be extended to cover the following add-on covers subject to payment of additional premium:

•   (a) NOTIFICATION EXTENSION CLAUSE (In Built at no added cost)
•   (b) EXTENDED CLAIM REPORTING CLAUSE (In Built at no added cost)
•   (c) FOOD AND BEVERAGE EXTENSION
•   (d) CARE, CONTROL & CUSTODY EXTENSION
•   (e) EXTRA FACILITIES EXTENSION

No claim is payable which arises out of or in connection with:

•   a) Pollution howsoever caused unless specifically covered
•   b) Product

Claim settling Authority ? Indian Jurisdiction
(1) Factor to be decided
a) Accident has originated out of the insured?s trade (Firm establishment/ industry)
b) The claimant died or was injured as a direct result of the accident.
c) Property damage

Limit of Indemnity
1) Any one accident
2) Any one year ? four times the AOA limit
Ratio AOA: AOY= 1: 4 (maximum limit)

Premium
Premium for Public Liability (Non Industrial) Insurance cover under the public liability insurance is based on the annual limit of Indemnity (AOY) and ratio between AOA and AOY.

COMPULSORY EXCESS
The Insured shall bear as Compulsory Excess the amount or percentage of the Each Accident Insurance Limit so stipulated in the Schedule. This Compulsory Excess shall be applicable to claims for both Injury and Damage, inclusive of Defence Costs arising out of any one Accident. The Company's liability shall attach only for claims in excess of such Compulsory Excess of minimum Rs. 1000/- (And Voluntary Excess if any, opted by the Insured).

VOLUNTARY EXCESS
In the event of the insured opting, the policy shall be subject to a Voluntary Excess as mentioned in the Schedule. This Voluntary Excess shall be applicable to claims or both Injury and Damage, inclusive of Defence Costs arising out of any one Accident. The Company's Liability shall attach only for claims in excess of such Compulsory and Voluntary Excess.

Under public liability insurance Act 1991 all companies/ individual/ persons owning/ dealing hazardous goods are required to take insurance policy satisfying the limits specified in the Act.
Under PLI Act the owner?s fault or negligence causing up to 12,500/-

Compensation:

•   1. Fatal Rs. 25000/- per person + Medical expenses up to Rs. 12500/-
•   2. Injury ? percentage of disability per person + medical expenses Rs. 12500/- TPD Rs. 25000/-.
•   3. Loss of earning maximum 1000/- P.M. only if hospitalized for more than three days.
•   4. Property damage ? Rs. 6000/-

Workmen of the Employer ? insured are excluded from compensation under the Act. ?Hazardous goods? will be defined and notified by the Central Govt. from time to time in terms of name and quality. At present the list (which is indicative and note exhaustive) is as per schedule.

Claim settling Authority ? District Collector

•    1. Factor to be decided
  a) Accident has originated out of the insured?s trade (Firm establishment / industry)
  b) The claimant dies or was injured as a direct result of the accident.
  c) Of course, there exists an insurance policy satisfying the requirement of PLI Act.
•   2. Limit of policy
  1) Any one accident ? 5 crore maximum, paid-up Capital minimum.
  2) Any one year Ratio AOA: AOY= 1: 3 (subject to 15 crore maximum)
•   3.Non-compliance of Act
  Fine or imprisonment as per Act.
•   4. Environment Relief fund :
  amount equal to the premium of the insurance will be collected with premium to ERF which contributes to compensation in case the total compensation exceeds policy limit.

Scope of cover-

•   1.This Policy is issued to Employers to provide compensation to their Employees in respect of accidents and diseases of occupation, whether or not such employees come within the scope of the Workmen?s Compensation Act, 1923, and subsequent amendments thereto.
  Any risk, or any part thereof, for which a rate is not provided in the tariff, must be submitted to appropriate Reg.Offices who fix the Tariff rate for such risks.

Liability covered

•   2. The Tariff provides for two forms of insurance viz :-
  Table ?A? - Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the W.C.Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.?
  
  Table ?B? - Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law. (Table ?B? policies may not be issued to cover employees who fall within the definition of ?Workmen? under the Workmen?s Compensation Act, 1923 as amended).

No Policy is to be issued to cover liability in excess of that provided by the Tariff forms of Policies and Endorsements unless specifically authorised.

•   3. (a) No policy is to be issued which covers only a portion of the legal liability except in the case of Insurances (i) to cover fatal accidents only in Coal Mines; (ii) in respect of risks situated in Karnataka State whereunder no liability is to be assumed in respect of Miners? Phthisis or Silicosis under the Mysore Workmen?s Compensation Regulation.

All Employees to be included:
(b) When table ?A? policy is issued all employees coming within the provision of the WC Act 1923 and subsequent amendments by the said Act must be included. In the case of employees in Private employee a policy may be issued covering any class of servants for which separate rates are fixed provided that class are included in the policy.
N.B.1 In the case of public Bodies and/or Muncipalities, it is, however, permissible to insure complete Sections or Units thereof separately as individual risks, such as Power Houses, Water Works, Gas Works, Transport Service, Sewage, etc. provided all the employees who are entitled to the benefits of the Workmen?s Compensation Act, 1923, of the Department or Unit concerned are included under the terms of any Policy issued in respect thereof.
N.B.2 In the case of risk coming under the purview of the Employees State Insurance Act 1948 it is however permissible to issue separate Table ?B? Workmen?s Compensation Policies covering those members of the staff, who are not ?employees? within the meaning of that Act, provided all such employees in the Insured?s service are included therein.
Note 1:- The above Regulation does not however, prohibit the issue of joint or separate policies by two or more Insurers sharing the insurance of a risk as Co-Insurers, provided alwasys that the entire legal liability in respect of the risk is fully covered, reimbursement by the insurers being limited to their agreed proportions, and the period of cover under the joint or different policies is concurrent.
Note 2:- In the event of non-renewal of any of the policies, or alteration in the terms of cover granted under any of the policies all insurers sharing the risk must be advised by the leading Office.
Terms of Insurance:

•   4. (a) All policies are to be issued for 12 months except that;

(1) Policies may be issued for a period in excess of 12 months where an additional odd period is required to make a policy renewable on a particular date to meet the convenience of the Insured.
(2) Policies may be issued for a period less than 12 months in cases of specific contracts or work which will be completed in less than 12 months provided policies be written for the full period involved.
All premiums must be paid in advance for the full term of the Policy.
Accepting or agreeing to accept of premiums by instalments is not permitted.

Cancellation:
(b)No refund may be granted for the cancelment of annual Policies unless the policies are cancelled by the Company as provided under Policy Condition No.7
(This Regulation does not affect the provision in Policy Condition No.6 for adjustment of premium at the normal termination of any period of insurance or at the termination of the work which was the subject of Insurance.)