Optima Insurance Brokers Pvt. Ltd.


Our views on important risk issues and emerging risks.

India: Public Liability Insurance is the way to be

Public liability insurance provides cover for any personal injury or damage to the third party which can be attributed to the policyholder’s business operations. It covers damage caused to the general public, customers, or sub-contractor within business premises or claims of damage to others’ property involving the business. The aim of public liability insurance is to avoid costly litigations and stop insurmountable losses.

As per the report on Public Liability Insurance in India, India’s economic development and industrial growth will necessitate the pursuit of public liability insurance. This report provides a holistic overview of the rules and regulations governing liability insurance, its operability, and working both for disastrous public tragedies like 1984 Bhopal gas disaster and commercial liability of global organizations.

There is a need for non-life insurers to spread awareness of liability insurance and the inherent risks involved in any business activity. Develop public liability risk covers in line with market expectations and which aspect of the risk can be covered under such insurance. A high degree of focus is required to improve product coverage, claim conditions, and relief options for victims to improve the low penetration of liability insurance in India.
The report proposes • to make public liability insurance mandatory for all businesses and to fast-track justice and compensation for victims of non-industrial accidents

Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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