Comparison between Act policy and Public Liability Industrial Policy

Comparison Between General &

Mandatory P/L Policies

Comparison Between General &

Mandatory P/L Policies

• The Public Liability Act Policy is compulsory for those persons/organisations who are involved into handling of hazardous goods in mentioned quantities which are prescribed in the Act (Public Liability Act 1991). The list and quantity have been attached for your reference.
• Once any organisation is not involved into the handling/ use etc of the hazardous goods, then the Act policy is not compulsory.
• The Market agreement policies provide for indemnity over and above indemnity arising from Act Policy. This means that due to any mishap, death is caused to a person and it is established that by the way of Public Liability Act, the dependants of the person should be awarded Rs. 25000/- (standard coverage) and in totality the dependents are to be awarded 1 lac then 25000/- will be paid under act policy if applicable and remaining under the Market agreement policy.

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