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Third Party Liability

Workmen’s Compensation: Covers You for your liability under the Workmen’s Compensation Act’ 1923 and /or Fatal accidents Act’1855 and / or Common law to pay compensation to employees for bodily injury or death caused due to accidents/occupational diseases arising out of and in course of employment
Public liability: Protects You against your legal liability in respect of accidental bodily injury to third parties and or accidental loss and /or damage to property belonging to third parties
Any liability to third party in the society premises would be covered to the extent of sum insured including legal defence costs. Importantly Managing committee errors & omissions can also be covered.
(Committee Members) of the society are covered for claims arising out of the following:

  • Inaccurate statement of financial conditions
  • Error in annual accounts
  • Unfair allotment of shares
  • Mismanagement of funds
  • Conflict of interest
  • Lack of judgment, diligence, good faith in their managerial capacity