In terms of the Public Liability Insurance Act, 1991, all
"owners" "handling" "hazardous substances" are compulsorily
required to take an insurance policy to the extent laid down in the
"Owners" means persons owning or having control over the
handling of hazardous substances at the time of accident.
"Handling" means manufacturing, processing, treatment,
packaging, storing, transportation, use, collection, destruction,
conversion, offering for sales, transfer or any similar form of
dealing with hazardous substances.
"Hazardous Substances" means the items listed and grouped under
the Public Liability Insurance Act, 1991 and the Rules framed there
Kindly refer to the Public Liability Insurance Act, 1991 for the
statutory requirements and complete definitions.
Here's what you need to get started
Premium Rating depends on two factors:
- Limit of indemnity selected
- Annual turnover (Gross Sales of all goods including all levies
Matching amount is to be contributed towards Environment Relief