If a person in a moment of imminent danger, acts in a way which causes injury to another, he will not be held liable in negligence if his act was not unreasonable in the difficult situation in which he was placed.

Insurance that covers the insured against a loss that stems from his responsibility to other people. This responsibility can be compulsory under the law or implied in a contract.

Covers Carriers legal liability as per provisions of Carriers’ Act 1865. In order to provide an insurance cover to the common carriers and transporters against the stipulation of absolute liability under the Carriers Act, the Carrier’s Legal Liability Policy has been devised. At present the CLL policy gives the following coverage: Basic cover : covers damage to goods caused by fire, explosion and or accident to the vehicle carrying the goods due to negligence or criminal act of his servants. The cover will commence with the loading of the cargo and end with its unloading. Wider cover : The following risks are covered in wider cover which is allowed as a package deal and no partial extension may be allowed: (i) Damage to cargo as in basic cover. (ii) Damage by fire, burglary, riot & strike and malicious damage affecting the goods at warehouses or transshipment yard, whilst in the custody of the carrier. (iii) Shortage of goods due to theft or pilferage of cargo at any time whilst in the custody of the carrier. (iv) Breakage, leakage, damage due to improper handling. Exclusions : (a)Riot and Strike (available as add-on), war perils, nuclear and radiation perils, contractual liabilities, liability to own, employees, agents and sub agents and their properties and belongings (b) Losses due to inherent defects, mechanical or electrical derangements, (c) Consequential loses, and (d) Carriage of illegal, illicit or smuggled goods. Duration : The cover is during transit, incidental storage, transshipments and up to seven days after reaching final place.

Policy covers legal liability of Hotel owners for: (a) Accidental bodily injury (including death) of any visitor or guest including while using facilities such as Health clubs, Beauty parlors, Hair dressers Shops, Swimming Pools (life guard provided or not), Sports (indoor-Table Tennis, Squash, Bowling, etc.), (outdoor: Boating, Deep Sea Diving etc, Skiing, Hang Gliding, Sky Diving etc) (b) Accidental damage to the property of any visitor or guests. (c) Injuries (including death) due to food poisoning. (d) Loss of visitors property from the premises. The Policy covers legal liability only if both injury or damage is caused through fault or negligence of (i) the insured (ii) the insured’s contractor (iii) any of its employees or (iv) defect in the ways, works, machinery or plant.

A coverage included in some liability insurance policies, in which the insurer agrees to reimburse the insured and/or others, without regard for the insured’s liability for medical or funeral expenses incurred as the result of bodily injury or death by accident under the conditions specified in the policy.

The Retroactive Date is more commonly referred to as a Prior Acts Date. The date that defines the extent of coverage in time under claims-made liability policies. The prior acts date is usually the same date from which continuous coverage was first obtained by the current or predecessor firm. Claims resulting from occurrence’s prior to the policy’s stated retroactive date are not insured. Policies can contain a Prior Acts Date or be designated as having Full Prior Acts. The first year a firm is covered, their prior acts date will most likely be the date of policy inception. It is critical that coverage is maintained continuously to preserve a firms prior acts date and thus coverage of work performed back to that date. A gap in coverage will jeopardize a firms prior acts date. If a firm changes insurance company, it is important the same prior acts date appears on the new policy. With the exception of some non-admitted companies, most insurance companies will honor a firms prior acts date when switching companies.

The maximum benefit available for payout in a liability insurance policy.