Do I Need Public Liability Insurance?

Public Liability Insurance (Public Liability Insurance), also known as general liability insurance or comprehensive liability insurance, is based on the public liability of the insured.

Public liability insurance

Public Liability Insurance, also known as general liability insurance or comprehensive liability insurance, is based on the public liability of the insured as

1. The intangible subject matter of insurance. The subject matter of this insurance type is the legal liability of the insured and is intangible.

2. Wide range of application. This insurance can be applied to various public activities such as factories, office buildings, hotels, residences, shops, hospitals, schools, theaters, exhibition halls and other public activities.

3. Rich expressions. There are mainly general responsibilities, comprehensive responsibilities, site responsibilities, elevator responsibilities, contractor responsibilities, etc., while our country mainly displays public responsibilities for places.

The insurance liability of public liability insurance includes the economic compensation liability and related legal litigation costs incurred by the insured in accordance with the law during the insurance period and at the place of insurance.

Exclusions of public liability insurance include:

Damage accidents caused by the intentional behavior of the insured;

any damage caused by war, civil war, rebellion, riot, riot, strike or closed factory;

Damage accidents caused by force majeure reasons;

Damage accident caused by nuclear accident;

Defective sanitary installations and any poisoning other than general food poisoning;

Liability for damage to any land, property or house due to vibration, movement or weakened support;

Injury or loss of property of an insured employee or anyone who is serving the insured person, they are usually covered under other insurance policies;

Third party or public liability accidents of various transportation vehicles are covered by special third party liability insurance or other liability insurance types;

Other exclusions listed on the public liability insurance policy.

The determination of the compensation limit of public liability insurance usually adopts the method of stipulating the compensation limit for each accident. There is no sub-limit and no cumulative limit. Only the mixed compensation limit for each public liability accident is specified. It can only limit each accident. Liability does not affect total liability for the entire insurance period.

1. The insurer shall immediately record the name of the insured, the insurance policy number, the reason for the risk, the time and place of the risk, the degree of damage caused to a third party, and the claim of the victim, etc.

2. Conduct on-site investigations, investigate and verify the relevant situation of responsible accidents, and assist on-site rescue;

3. Write a survey report based on the site survey, as the basis for determining compensation liability and calculating compensation;

4. Conduct liability review to see if the accident occurred within the insurance period, whether it is within the scope of insurance liability, and whether the victim made a claim or prosecution to the insured;

5. Be prepared to protest, and if necessary, you can protest in the name of the insured or with the insured;

6. Calculate the insurer's compensation based on the amount of compensation determined by the court or negotiated by multiple parties;

7. Pay insurance compensation.