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Liability insurance is a contract that protects businesses and individuals against legal liability or lawsuits due to negligence, malpractice or injury
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Over 60 Lakhs
Happy Customers
Comprehensive Plans
Choose the best liability plans as per the business requirements
Enhanced Protection
Extensive protection with exclusive add-on covers
Fast Claim Process
Quick claim approvals and on-time claim settlement
24*7 Claim Support
Timely claim support by our dedicated customer executives
Call our Toll-Free number
Call (1800-300-3000/1800-103-3009) to avail a Shriram Liability Insurance policy at your convenience and you will be guided by our dedicated customer support executives throughout the Burglary Insurance journey
Submit the required details
Kindly submit the required documents - property details, sum insured, identity and address proof (Aadhaar Card, Passport) to proceed with the Shriram Liability Insurance process
Complete the payment and get instant liability insurance
Kindly complete the payment by selecting the preferred payment method (Debit Card, Credit Card, Net Banking or Cheque) and get Shriram Liability Insurance instantly
There are several liability insurance policies available with Shriram General Insurance. These include third-party individual/property liability, public liability, product liability, professional liability and so on
Shriram Householder’s Umbrella Package Insurance policy covers a wide range of losses/damages with extensive risk coverage plans. An umbrella insurance policy makes every penny worth it for a landlord who wishes to protect their property with an enhanced protection cover
The professional indemnity insurance policy protects the insured from any legal liability that results from errors, omissions or negligence while rendering professional services during the policy period. This policy also covers legal costs and expenses incurred with the insurer's prior consent. It is not permitted to issue professional indemnity insurance policies with unlimited liability. The professional indemnity policy is suitable for professionals such as Doctors, Medical Practitioners, Engineers, Architects, Chartered Accountants, Cost Accountants, Management Consultants, Lawyers, etc.
A commercial general liability insurance policy protects all persons/ firms/ associations/ companies that own, operate or engage in commercial activities and seek to protect the third-party bodily injury and property damage. The client opts for the Limit of Indemnity (Sum Insured) with a maximum ratio of 1:4 between Any One Accident (AOA) and Any One Year (AOY). There is a fixed sum insured limit per accident and per policy period, known as AOA and AOY, respectively. The various coverages include
A product liability policy provides coverage for third-party legal liability arising from injury or harm caused by a business product. The policy protects the organisation from third-party liabilities and covers legal costs associated with them
All persons/ firms/ associations/ companies that operate or engage in commercial activities and seek to protect the third-party bodily injury and property damage can opt for a public liability (non-industrial) policy
The defence costs will be covered within the overall aggregated insurance limit subject to a maximum of 25% of the overall aggregate limit
The various add-on covers include Notification Extension Clause, Extended Claim Reporting Clause, Food and Beverage Extension Care, Control and Custody Extension and Extra Facilities Extension
Any One Accident
Any One Year = Four times the AOA limit
Ratio AOA: AOY= 1: 4 (maximum limit)
Under the Public Liability Insurance Act 1991, all companies/ individuals/ persons owning or dealing with hazardous goods are required to take an insurance policy satisfying the limits specified in the Act
The Central Government will define and notify the hazardous goods from time to time in terms of name and quality. Currently, the list (indicative and not exhaustive) is as per the schedule
Any One Accident - 5 crore maximum, paid-up capital minimum
Any One Year = Three times the AOA limit
Ratio AOA: AOY= 1: 3 (maximum 15 crore limit))
According to the Workmen's Compensation Act, 1923, employers provide compensation to their employees during unforeseen events such as accidents and diseases of occupation
The policy will compensate the insured for any act committed by the professionals or qualified assistants engaged by the medical establishments, that gives rise to any third-party legal liabilities (as a result of error/omission). The list of medical establishments that are covered under this policy includes:
Note: Please refer to the policy wording for detailed coverage, exclusions and conditions
Shriram Liability Insurance policy does not cover damages due to wilful criminal acts, negligence, omissions and so on
It is a technical collaboration agreement between the insured and the collaborator against legal liabilities. The policy does not cover any claims arising outside of India, except for export claims
This policy may be extended to include any person or organisation designated as 'vendor’ as an insured, but only with the distribution or sale in the regular course of the vendor's business of the insured's products However, if the insured is not the manufacturer of the product and it is manufactured by sub- contractors or licenced manufacturers under their brand name, then the products can be covered under the product liability policy at an additional premium
The policy may be extended to cover the indemnity in respect of any judgement, award or settlement made within countries that operate under the laws of the United States of America or Canada. Such extension where a specific amount has been entered against 'Applicable Excess' and where a specific date has been entered as "Retroactive Date" in the policy schedule under the "North American Jurisdiction”
Third-Party (TP) liability coverage is an insurance cover provided by the insurer to protect various third-party damages (damages to another person's body/property) of the policy holder
The legal liability of manufacturers and sellers to compensate buyers, users and even bystanders, for damages/injuries suffered because of the defected goods
It is the date on which the insured took out the policy for the first time and is still under the coverage period. Additionally, it is the start date of the insurance period in a claims-made policy
It is the maximum amount that an insurer will pay as a claim during the policy period
Shriram General Insurance’s claim intimation process is easy and hassle-free. Intimate a claim, submit the required documents and get a timely claim settlement
Intimate a claim via our Toll-Free number 1800-300-30000/1800-103-3009 or Please download CLAIM INTIMATION, fill it out and send it to our Help Desk via Email ID (chd@shriramgi.com)
Intimate a claim via our Toll-Free number 1800-300-30000/1800-103-3009 or Please download the CLAIM INTIMATION, fill it out and send it to our Help Desk via Email ID (chd@shriramgi.com)
Businesses, individuals and companies can purchase liability insurance to protect themselves from third-party legal liabilities that may result from their products and services
Based on the cover details provided by the policy holder, the sum insured will be calculated. It is necessary to set two limits of indemnity
The ratio of AOA to AOY must be 1:1, 1:2, 1:3 or 1:4. An unlimited liability policy is not permissible
Depending on the area of the insured premises, it will take a maximum of 7 days to submit the survey report
According to the Public Liability Act, 1991 (PLIA), the Environment Relief Fund provides immediate financial assistance to individuals who have been injured in accidents caused by hazardous materials
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IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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