Public/
Legal Liability Covers
liability to third parties, where the Insured becomes legally
liable to pay damages consequent upon:
1) accidental bodily injury to or illness contracted by any
person;
2) accidental loss of or damage to property. Costs
and expenses of litigation too will be paid within the Limit
provided in the policy.
This insurance applies to above that takes
place within the address specified in the Schedule and usually
subject to Sri Lankan jurisdiction. Any changes to this
must be specifically requested from and agreed.
Standard Exceptions
- War, invasion, martial law, strike, riot and civil commotion
and terrorism
- Any liability of the insured which attaches by virtue
of an agreement but which would not have attached in
the absence of such agreement
- Any sum which the Insured would have been entitled to
recover from any part but for an agreement between
the Insured and such party
- Liability arising out of deliberate act or omission
- Liability to persons under contract with the Insured
- Liability in respect of loss of or damage to property
belonging to the Insured or his employees, property which
is leased, rented, hired or lent to the Insured or property
under the care, custody or control of the Insured
or his employees.
- Boiler or pressure vessel explosion
- Damage to underground facilities
- Damage due to vibration, removal or weakening of support
- Liability arising from vehicles that that are designed
and licensed for general road use
- Liability arising from or in connection with any vessel,
craft, aircraft or locomotive, any lift, elevator, escalators,
hoists or crane not specified in the Policy Schedule
- Accidents due to unsuitability of berth, anchoring, dock
or mooring
- Property worked upon (repairs, alterations etc.)
- Pollution of air, water or soil and other atmospheric
disturbances
- Defective sanitary arrangements
- Liability in respect of any breach of professional duty
arising out of the exercise of any calling or vocation
- Nuclear, biological and chemical attack
Product Liability
Covers liability to third parties (consumers),
where the Insured becomes legally liable to pay damages
consequent to consumption a product manufactured or marketed
by the Insured due to:
1) accidental bodily injury to or illness contracted by
any person;
2) accidental loss of or damage to property.
Costs and expenses of litigation too will
be paid within the Limit provided in the policy.
This insurance applies to above that takes
place within the address specified in the Schedule and usually
subject to Sri Lankan jurisdiction. Where exports to other
countries are involved, Jurisdiction could be changed to
read as WORLDWIDE or WORLDWIDE EXCLUDING NORTH AMERICA (USA
and CANADA).
Standard Exceptions
- Bodily injury sustained by an employee during his course
of employment
- Liability in respect of loss of or damage to property
belonging to the Insured or his employees, property which
is leased, rented, hired or lent to the Insured or property
under the care, custody or control of the Insured
or his employees.
- Slander
- Infringement of plans, copyright patent, trade name, trade
mark or registered design
- Products sold, supplied, repaired, altered, treated or
installed by the Insured on terms less favourable to the
Insured than the ordinary process of law governing their
sale, supply, repair, alteration, treatment or installation.
- Bodily injury or property damage due to seepage, pollution
or contamination of air, water or soil and other
atmospheric disturbances, and cost of cleaning up following
such situations
- Failure of a product or part thereof to perform the function
for which it was intended
- Claims made as a result of an accident which happened
prior or retroactive date
- Products relating to watercraft, aircraft or other aerial
device
- Expenditure incurred in doing or re-doing making-good
any work which the Insured is contracted to do
- Insured will not be indemnified against loss or damage
o products, replacement costs of the products, make
any refund of the payment received for the product
- War, invasion, martial law, strike, riot and civil commotion
and terrorism
- Any liability of the insured which attaches by virtue
of an agreement but which would not have attached in
the absence of such agreement
- Any sum which the Insured would have been entitled to
recover from any part but for an agreement between
the Insured and such party
- Liability arising out of deliberate act or omission
- Nuclear, biological and chemical attack
Director’s & Officer’s
Liability
Covers certain liabilities of corporate Directors and Officers
arising from their day to day management/ operation of the
organization. Jurisdiction can be extended up to Worldwide.
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