The policy covers the statutory liability of insured arising out of accidents
occurring during the currency of the policy due to handling hazardous
substances as provided in the PUBLIC LIABILITY INSURANCE ACT 1991 and
the Rules framed thereunder.
A person who owns or has control over handling any hazardous substance at the
time of accident and includes:
in the case of a firm any of its partners
in the case of an association, any of its members,
in the case of a company, any of its directors, managers, secretaries or other
officers who is directly in charge of, and is responsible to the company for
the conduct of the business of the company.
arising out of willful or intentional non compliance of any statutory
provisions.
in respect of fines, penalties, punitive and/or exemplary damages.
arising under any other legislation except in so for as provided for in Section
8 Sub Section (1) and (2) of the Act.
in respect of damage to property owned, leased or hired or under hire purchase
or on loan to the Insured or otherwise in the Insured Owner's control, care or
custody.
directly or indirectly occasioned by happening through or in consequence of
war, invasion, act of foreign enemy, hostilities (whether war be declared or
not), civil war, rebellion, revolution, insurrection or military or usurped
power.
directly or indirectly caused by or contributed to by.
ionising radiation or contamination by radioactivity from any nuclear fuel or
from any nuclear waste from the combustion of nuclear fuel.
the radioactive, toxic, explosive or other hazardous properties of any
explosive nuclear assembly or nuclear component thereof.
Besides all usual conditions of liability conditions the following condition is
applicable-
The Insured Owner shall keep record of annual turnover, and at the time of
renewal of insurance declare such turnover and all other details as may be
required by the Company. The Company shall at all reasonable times have full
rights to call for and examine such records.
