Public Liability policy indemnifies the insured in respect of its legal liability to pay compensa-tion for accidental bodily injury to or accidental property damage of Third Party caused by or through the negligence of the insured or his employees or by any defect in the Insured’s premises or any defects in the ways, works of the insured. In addition, this policy also pays for the litigation costs and expenses for defense that are incurred with the written consent of the Company. B. Scope of Cover i. Accidental bodily injury to Third Party ii. Accidental property damage belonging to Third Party iii. Any legal expenses incurred with Company’s written consent The limit of indemnity amount should represent the maximum liability which Insured estimate that his business could possibly incur. C. Limit of Indemnity The Indemnity amount is categorized into i. Maximum indemnity per accident: A fixed amount determined by the Insured according to the exposure and circumstances of a particular risk ii. Maximum indemnity for the period in aggregate: Normally unlimited during the period covered However, for special and hazardous risks, it is prudent to fix a maximum indemnity limit per accident as well as in the aggregate for the period of insurance. D. Minimum Information Required for a Quotation i. Limit of Indemnity required ii. Territorial Limit of cover required iii. Turnover/Sales/Contract value iv. Nature of work or business v. Number of employees and their wage roll vi. Frequency of visitors to Insured’s premises vii. Location – whether in busy or secluded area viii. Other risks like signboards, neon signs, hoarding, etc. ix. Whether Insured’s liability limited by any statute, such as in the case of hotels x. Past claims/loss experience E. Excess It is common market practice to impose an Excess on Third Party property damage and none for Third Party Bodily injury. F. Extension of Cover At an additional premium, and relevant to the Insured’s trade/occupation, the policy can be extended to cover: i. Fire and explosion (other than explosion or rupture of any steam boiler). ii. Loading and unloading iii. Cross liability iv. Temporary visits overseas v. Car park liability vi. Private work done for and/or the behalf of directors and executives of the Insured vii. Defective sanitary arrangements viii. Sports and social club ix. Neon/advertising signs x. Employees effect xi. First aids facilities xii. Non-owned vehicle xiii. Pedal cycle xiv. Tenant’s liability xv. Lift xvi. Food and drink poisoning xvii. Strike riot and civil commotion xviii. Legal liability caused by contractor/sub-contractors (Contingent liability only) xix. Used of plant and equipment xx. Social and sport activities Public Liability insurance is NOT allowed to be extended to cover for “test driving liability” particularly with regards to customer’s motor vehicle not belonging to the Insured. The issuance of any non-motor policy which extends to cover third party liabilities arising from the use of a motor vehicle licensed for use on public road is a breach of General Regulation 1(b) of the Motor Tariff. “Test driving liability”* provides two types of covers for the Insured: i. Third party property damage and/or bodily injury/death ii. Damage to customer’s vehicle which is used by the Insured or Insured’s employers during the test-driving G. Minimum Premium RM75.00 (Before RM10.00 stamp duty) H. Refer/Decline Risk Refer Risks i. Blasting (unless incidental) ii. Cabarets/Night Clubs/Lounge iii. Cinemas iv. Circuses Decline Risks i. Organisation of races with motor propelled vehicles ii. Construction/maintenance and/or demolition of bridges iii. Aviation risks of any kind including any liability of airports and control towers iv. Navigation other than inter-island vessels v. Deep sea fishing except vessels within territorial waters vi. Manufacture and handling of any kind of explosives and highly inflammable or chemically or biologically dangerous materials except explosive stores and used by contractors for construction blasting only vii. Contractual Guarantees of any kind viii. Professional Liabilities of whatsoever kind including directors and officers, errors and omissions and malpractice ix. Public and/or products liability policies whose limit of indemnity does not limit the reinsurer’s maximum liability for any one event/occurrence x. Gradual Pollution Liability (non-accidental) of any kind (per Industries, Seepage, Pollution & Contamination Clause) xi. Marine and P&I (Protection and Indemnity) risks xii. Decennial Liability (RC Décennale) and comparable risks xiii. Operations of “Offshore Platforms” and/or “Offshore rigs” xiv. Liability sections of combines/package policies for industrial risks, if the liability risk is not underwritten, rated and accounted for separately by the Company xv. Liability section of erection all risks, contractors all risks xvi. All claims and losses based upon, arising out of, directly and indirectly resulting from or in consequence of, or any way involving: a. Asbestos, or b. Any actual or alleged asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance of asbestos or exposure or potential exposure to asbestos xvii. Ownership, operation or use of: a. Automobiles other than under Motor Contingency cover in respect of non-owned vehicles b. Aircraft and air cushioned vehicles including construction, repair or installation work on aircrafts c. Railways, tramways and cable-cars, chair-lifts d. Sea Ports unless accepted by special acceptance e. Dry Docks, Docks, Quays and Wharves f. Shipbuilding, ship repairing and ship breaking yards including construction, repair or installation work on vessels. This exclusion does not include general maintenance/repairs carried out by general contractors, and incidental contracts including work on board vessels g. Onshore and offshore Oil and Gas operations, unless agreed as special acceptance by leading reinsurer only h. Amusement parks and devices, stadiums and stands i. Ski resorts j. Waste disposals and deposits (unless pollution is excluded) xviii. Contractors a. Engaged exclusively in wrecking and demolition b. Engaged in construction and maintenance of dams c. Engaged in subaqueous work xix. Mining, Quarrying, Excavating a. Underground and underwater mines and all underground services in connection therewith b. Tunnelling exceeding 100 metres in length xx. Gases, Explosives and Toxics a. Operations in connection with theproduction, storage, distribution and/or sale of natural gas other than distribution of cooking gas xxi. Oil Companies a. Drilling, producing, refining and/or distributing (other than general distributors). This exclusion shall not apply to such risks as small isolated tanks and storage tanks xxii. Public Utilities, Public Authorities(including fire brigades, police and law enforcement), Municipalities, Water Boards, Electricity and Gas Boards I. Rating Rates for this class of insurance should be determined by the following: i. Limit of indemnity (LOI) ii. The occupation and maintenance of the premises iii. Exposure of risk to the Third Party, either person or property iv. The likelihood of an accident happening in the Insured’s premises which can give rise to a claim by the Third Party As a general guide the following rates basedon a 12 months cover and a limit of indemnity upto RM100,000 any one accident is to be charged. These rates are based on the Company’s standard policy wording. If extensions are required, please refer to Underwriters. | Public Liability policy indemnifies the insured in respect of its legal liability to pay compensa-tion for accidental bodily injury to or accidental property damage of Third Party caused by or through the negligence of the insured or his employees or by any defect in the Insured’s premises or any defects in the ways, works of the insured. In addition, this policy also pays for the litigation costs and expenses for defense that are incurred with the written consent of the Company. B. Scope of Cover i. Accidental bodily injury to Third Party ii. Accidental property damage belonging to Third Party iii. Any legal expenses incurred with Company’s written consent The limit of indemnity amount should represent the maximum liability which Insured estimate that his business could possibly incur. C. Limit of Indemnity The Indemnity amount is categorized into i. Maximum indemnity per accident: A fixed amount determined by the Insured according to the exposure and circumstances of a particular risk ii. Maximum indemnity for the period in aggregate: Normally unlimited during the period covered However, for special and hazardous risks, it is prudent to fix a maximum indemnity limit per accident as well as in the aggregate for the period of insurance. D. Minimum Information Required for a Quotation i. Limit of Indemnity required ii. Territorial Limit of cover required iii. Turnover/Sales/Contract value iv. Nature of work or business v. Number of employees and their wage roll vi. Frequency of visitors to Insured’s premises vii. Location – whether in busy or secluded area viii. Other risks like signboards, neon signs, hoarding, etc. ix. Whether Insured’s liability limited by any statute, such as in the case of hotels x. Past claims/loss experience E. Excess It is common market practice to impose an Excess on Third Party property damage and none for Third Party Bodily injury. F. Extension of Cover At an additional premium, and relevant to the Insured’s trade/occupation, the policy can be extended to cover: i. Fire and explosion (other than explosion or rupture of any steam boiler). ii. Loading and unloading iii. Cross liability iv. Temporary visits overseas v. Car park liability vi. Private work done for and/or the behalf of directors and executives of the Insured vii. Defective sanitary arrangements viii. Sports and social club ix. Neon/advertising signs x. Employees effect xi. First aids facilities xii. Non-owned vehicle xiii. Pedal cycle xiv. Tenant’s liability xv. Lift xvi. Food and drink poisoning xvii. Strike riot and civil commotion xviii. Legal liability caused by contractor/sub-contractors (Contingent liability only) xix. Used of plant and equipment xx. Social and sport activities Public Liability insurance is NOT allowed to be extended to cover for “test driving liability” particularly with regards to customer’s motor vehicle not belonging to the Insured. The issuance of any non-motor policy which extends to cover third party liabilities arising from the use of a motor vehicle licensed for use on public road is a breach of General Regulation 1(b) of the Motor Tariff. “Test driving liability”* provides two types of covers for the Insured: i. Third party property damage and/or bodily injury/death ii. Damage to customer’s vehicle which is used by the Insured or Insured’s employers during the test-driving G. Minimum Premium RM75.00 (Before RM10.00 stamp duty) H. Refer/Decline Risk Refer Risks i. Blasting (unless incidental) ii. Cabarets/Night Clubs/Lounge iii. Cinemas iv. Circuses Decline Risks i. Organisation of races with motor propelled vehicles ii. Construction/maintenance and/or demolition of bridges iii. Aviation risks of any kind including any liability of airports and control towers iv. Navigation other than inter-island vessels v. Deep sea fishing except vessels within territorial waters vi. Manufacture and handling of any kind of explosives and highly inflammable or chemically or biologically dangerous materials except explosive stores and used by contractors for construction blasting only vii. Contractual Guarantees of any kind viii. Professional Liabilities of whatsoever kind including directors and officers, errors and omissions and malpractice ix. Public and/or products liability policies whose limit of indemnity does not limit the reinsurer’s maximum liability for any one event/occurrence x. Gradual Pollution Liability (non-accidental) of any kind (per Industries, Seepage, Pollution & Contamination Clause) xi. Marine and P&I (Protection and Indemnity) risks xii. Decennial Liability (RC Décennale) and comparable risks xiii. Operations of “Offshore Platforms” and/or “Offshore rigs” xiv. Liability sections of combines/package policies for industrial risks, if the liability risk is not underwritten, rated and accounted for separately by the Company xv. Liability section of erection all risks, contractors all risks xvi. All claims and losses based upon, arising out of, directly and indirectly resulting from or in consequence of, or any way involving: a. Asbestos, or b. Any actual or alleged asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance of asbestos or exposure or potential exposure to asbestos xvii. Ownership, operation or use of: a. Automobiles other than under Motor Contingency cover in respect of non-owned vehicles b. Aircraft and air cushioned vehicles including construction, repair or installation work on aircrafts c. Railways, tramways and cable-cars, chair- lifts d. Sea Ports unless accepted by special acceptance e. Dry Docks, Docks, Quays and Wharves f. Shipbuilding, ship repairing and ship breaking yards including construction, repair or installation work on vessels. This exclusion does not include general maintenance/repairs carried out by general contractors, and incidental contracts including work on board vessels g. Onshore and offshore Oil and Gas operations, unless agreed as special acceptance by leading reinsurer only h. Amusement parks and devices, stadiums and stands i. Ski resorts j. Waste disposals and deposits (unless pollution is excluded) xviii. Contractors a. Engaged exclusively in wrecking and demolition b. Engaged in construction and maintenance of dams c. Engaged in subaqueous work xix. Mining, Quarrying, Excavating a. Underground and underwater mines and all underground services in connection therewith b. Tunnelling exceeding 100 metres in length xx. Gases, Explosives and Toxics a. Operations in connection with the production, storage, distribution and/or sale of natural gas other than distribution of cooking gas xxi. Oil Companies a. Drilling, producing, refining and/or distributing (other than general distributors). This exclusion shall not apply to such risks as small isolated tanks and storage tanks xxii. Public Utilities, Public Authorities (including fire brigades, police and law enforcement), Municipalities, Water Boards, Electricity and Gas Boards I. Rating Rates for this class of insurance should be determined by the following: i. Limit of indemnity (LOI) ii. The occupation and maintenance of the premises iii. Exposure of risk to the Third Party, either person or property iv. The likelihood of an accident happening in the Insured’s premises which can give rise to a claim by the Third Party As a general guide the following rates based on a 12 months cover and a limit of indemnity up to RM100,000 any one accident is to be charged. These rates are based on the Company’s standard policy wording. If extensions are required, please refer to Underwriters. | Public Liability policy indemnifies the insured in respect of its legal liability to pay compensa-tion for accidental bodily injury to or accidental property damage of Third Party caused by or through the negligence of the insured or his employees or by any defect in the Insured’s premises or any defects in the ways, works of the insured. In addition, this policy also pays for the litigation costs and expenses for defense that are incurred with the written consent of the Company. B. Scope of Cover i. Accidental bodily injury to Third Party ii. Accidental property damage belonging to Third Party iii. Any legal expenses incurred with Company’s written consent The limit of indemnity amount should represent the maximum liability which Insured estimate that his business could possibly incur. C. Limit of Indemnity The Indemnity amount is categorized into i. Maximum indemnity per accident: A fixed amount determined by the Insured according to the exposure and circumstances of a particular risk ii. Maximum indemnity for the period in aggregate: Normally unlimited during the period covered However, for special and hazardous risks, it is prudent to fix a maximum indemnity limit per accident as well as in the aggregate for the period of insurance. D. Minimum Information Required for a Quotation i. Limit of Indemnity required ii. Territorial Limit of cover required iii. Turnover/Sales/Contract value iv. Nature of work or business v. Number of employees and their wage roll vi. Frequency of visitors to Insured’s premises vii. Location – whether in busy or secluded area viii. Other risks like signboards, neon signs, hoarding, etc. ix. Whether Insured’s liability limited by any statute, such as in the case of hotels x. Past claims/loss experience E. Excess It is common market practice to impose an Excess on Third Party property damage and none for Third Party Bodily injury. F. Extension of Cover At an additional premium, and relevant to the Insured’s trade/occupation, the policy can be extended to cover: i. Fire and explosion (other than explosion or rupture of any steam boiler). ii. Loading and unloading iii. Cross liability iv. Temporary visits overseas v. Car park liability vi. Private work done for and/or the behalf of directors and executives of the Insured vii. Defective sanitary arrangements viii. Sports and social club ix. Neon/advertising signs x. Employees effect xi. First aids facilities xii. Non-owned vehicle xiii. Pedal cycle xiv. Tenant’s liability xv. Lift xvi. Food and drink poisoning xvii. Strike riot and civil commotion xviii. Legal liability caused by contractor/sub-contractors (Contingent liability only) xix. Used of plant and equipment xx. Social and sport activities Public Liability insurance is NOT allowed to be extended to cover for “test driving liability” particularly with regards to customer’s motor vehicle not belonging to the Insured. The issuance of any non-motor policy which extends to cover third party liabilities arising from the use of a motor vehicle licensed for use on public road is a breach of General Regulation 1(b) of the Motor Tariff. “Test driving liability”* provides two types of covers for the Insured: i. Third party property damage and/or bodily injury/death ii. Damage to customer’s vehicle which is used by the Insured or Insured’s employers during the test-driving G. Minimum Premium RM75.00 (Before RM10.00 stamp duty) H. Refer/Decline Risk Refer Risks i. Blasting (unless incidental) ii. Cabarets/Night Clubs/Lounge iii. Cinemas iv. Circuses Decline Risks i. Organisation of races with motor propelled vehicles ii. Construction/maintenance and/or demolition of bridges iii. Aviation risks of any kind including any liability of airports and control towers iv. Navigation other than inter-island vessels v. Deep sea fishing except vessels within territorial waters vi. Manufacture and handling of any kind of explosives and highly inflammable or chemically or biologically dangerous materials except explosive stores and used by contractors for construction blasting only vii. Contractual Guarantees of any kind viii. Professional Liabilities of whatsoever kind including directors and officers, errors and omissions and malpractice ix. Public and/or products liability policies whose limit of indemnity does not limit the reinsurer’s maximum liability for any one event/occurrence x. Gradual Pollution Liability (non-accidental) of any kind (per Industries, Seepage, Pollution & Contamination Clause) xi. Marine and P&I (Protection and Indemnity) risks xii. Decennial Liability (RC Décennale) and comparable risks xiii. Operations of “Offshore Platforms” and/or “Offshore rigs” xiv. Liability sections of combines/package policies for industrial risks, if the liability risk is not underwritten, rated and accounted for separately by the Company xv. Liability section of erection all risks, contractors all risks xvi. All claims and losses based upon, arising out of, directly and indirectly resulting from or in consequence of, or any way involving: a. Asbestos, or b. Any actual or alleged asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance of asbestos or exposure or potential exposure to asbestos xvii. Ownership, operation or use of: a. Automobiles other than under Motor Contingency cover in respect of non-owned vehicles b. Aircraft and air cushioned vehicles including construction, repair or installation work on aircrafts c. Railways, tramways and cable-cars, chair- lifts d. Sea Ports unless accepted by special acceptance e. Dry Docks, Docks, Quays and Wharves f. Shipbuilding, ship repairing and ship breaking yards including construction, repair or installation work on vessels. This exclusion does not include general maintenance/repairs carried out by general contractors, and incidental contracts including work on board vessels g. Onshore and offshore Oil and Gas operations, unless agreed as special acceptance by leading reinsurer only h. Amusement parks and devices, stadiums and stands i. Ski resorts j. Waste disposals and deposits (unless pollution is excluded) xviii. Contractors a. Engaged exclusively in wrecking and demolition b. Engaged in construction and maintenance of dams c. Engaged in subaqueous work xix. Mining, Quarrying, Excavating a. Underground and underwater mines and all underground services in connection therewith b. Tunnelling exceeding 100 metres in length xx. Gases, Explosives and Toxics a. Operations in connection with the production, storage, distribution and/or sale of natural gas other than distribution of cooking gas xxi. Oil Companies a. Drilling, producing, refining and/or distributing (other than general distributors). This exclusion shall not apply to such risks as small isolated tanks and storage tanks xxii. Public Utilities, Public Authorities (including fire brigades, police and law enforcement), Municipalities, Water Boards, Electricity and Gas Boards I. Rating Rates for this class of insurance should be determined by the following: i. Limit of indemnity (LOI) ii. The occupation and maintenance of the premises iii. Exposure of risk to the Third Party, either person or property iv. The likelihood of an accident happening in the Insured’s premises which can give rise to a claim by the Third Party As a general guide the following rates based on a 12 months cover and a limit of indemnity up to RM100,000 any one accident is to be charged. These rates are based on the Company’s standard policy wording. If extensions are required, please refer to Underwriters. |
Insurance Made Easy as ABC > Our Insurance Provision (我们供应的保险) > Public Liability Insurance >
Public Liability - 3rd Principal
| Selection | File type icon | File name | Description | Size | Revision | Time | User |
|---|