PUBLIC LIABILITY

WHAT IT COVERS

Subject to limits, exceptions and conditions all sums which the Insured shall become legally liable to pay for compensation bodily Injury to or illness of any person or loss of or damage to property. (Tangibles only) It also covers costs and expenses of litigation.

REQUIREMENTS

Estimated legal liability that the insured may be exposed to. Limits are set for compensation per person, per occurrence and per year.

BASIC TERMS AND CONDITIONS

(I) Damages payable must be related to the injury or damage covered by the policy.
(II) Consequential loss flowing from such injury or damage eg: Loss of wage and cost of hiring another plant whilst a damage is being reported.
(III) Only tangibles are covered. Tangible property like copy- rights are not covered.
(iv) The policy only pays for legal liabilities and not for moral responsibility the insured might feel they have.
(v) consequential loss following from injury or damage is covered.

BENEFITS UNDER THE POLICY

Since legal liabilities may rise out of operations of businesses,
Such liabilities are taken care of by having a public liability policy.

PROCEDURE FOR TAKING THE POLICY

A proposal form is completed and depending on how exposed the Propose and the limits of indemnity set, a premium is charged. download the application form, fill it and submit it to any Provident Insurance branch office.