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Public Liability Insurance

Description: Public Liability Insurance Quiz
Number of Questions: 14
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Tags: public liability insurance indian law forest law
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What is the purpose of public liability insurance?

  1. To protect individuals from liability for their own actions.

  2. To protect businesses from liability for the actions of their employees.

  3. To protect the public from liability for the actions of government agencies.

  4. To protect the environment from liability for the actions of individuals and businesses.

Show answer
Correct Option: B
Explanation:

Public liability insurance is a type of insurance that protects businesses from being held liable for injuries or damages caused to members of the public by their employees or their products.

What types of businesses are required to have public liability insurance?

  1. Businesses that employ more than 10 people.

  2. Businesses that operate in a high-risk industry.

  3. Businesses that sell products to the public.

  4. All businesses.

Show answer
Correct Option: B
Explanation:

Businesses that operate in a high-risk industry, such as construction, manufacturing, and transportation, are required to have public liability insurance.

What is the minimum amount of public liability insurance that a business is required to have?

  1. Rs. 10 lakhs.

  2. Rs. 20 lakhs.

  3. Rs. 30 lakhs.

  4. Rs. 40 lakhs.

Show answer
Correct Option: A
Explanation:

The minimum amount of public liability insurance that a business is required to have is Rs. 10 lakhs.

What are the benefits of having public liability insurance?

  1. It protects the business from financial loss in the event of a lawsuit.

  2. It helps the business to maintain a good reputation.

  3. It attracts new customers.

  4. All of the above.

Show answer
Correct Option: D
Explanation:

Public liability insurance provides a number of benefits to businesses, including protection from financial loss, a good reputation, and the ability to attract new customers.

What are the exclusions to public liability insurance?

  1. Intentional acts.

  2. Criminal acts.

  3. Acts of war.

  4. All of the above.

Show answer
Correct Option: D
Explanation:

Public liability insurance typically excludes intentional acts, criminal acts, and acts of war.

How can a business file a claim under its public liability insurance policy?

  1. Contact the insurance company directly.

  2. Hire an attorney to file the claim.

  3. File the claim online.

  4. All of the above.

Show answer
Correct Option: A
Explanation:

A business can file a claim under its public liability insurance policy by contacting the insurance company directly.

What is the time limit for filing a claim under a public liability insurance policy?

  1. One year.

  2. Two years.

  3. Three years.

  4. Four years.

Show answer
Correct Option: B
Explanation:

The time limit for filing a claim under a public liability insurance policy is two years.

What is the average cost of public liability insurance?

  1. Rs. 10,000 to Rs. 20,000.

  2. Rs. 20,000 to Rs. 30,000.

  3. Rs. 30,000 to Rs. 40,000.

  4. Rs. 40,000 to Rs. 50,000.

Show answer
Correct Option: B
Explanation:

The average cost of public liability insurance is Rs. 20,000 to Rs. 30,000.

What factors affect the cost of public liability insurance?

  1. The size of the business.

  2. The industry in which the business operates.

  3. The claims history of the business.

  4. All of the above.

Show answer
Correct Option: D
Explanation:

The cost of public liability insurance is affected by a number of factors, including the size of the business, the industry in which the business operates, and the claims history of the business.

How can a business reduce the cost of its public liability insurance?

  1. By implementing a safety program.

  2. By hiring experienced employees.

  3. By maintaining a good claims history.

  4. All of the above.

Show answer
Correct Option: D
Explanation:

A business can reduce the cost of its public liability insurance by implementing a safety program, hiring experienced employees, and maintaining a good claims history.

What is the difference between public liability insurance and product liability insurance?

  1. Public liability insurance protects businesses from liability for injuries or damages caused to members of the public by their employees or their products.

  2. Product liability insurance protects businesses from liability for injuries or damages caused to members of the public by their products.

  3. Public liability insurance protects businesses from liability for injuries or damages caused to their employees by their products.

  4. None of the above.

Show answer
Correct Option: B
Explanation:

Product liability insurance protects businesses from liability for injuries or damages caused to members of the public by their products.

What is the difference between public liability insurance and professional indemnity insurance?

  1. Public liability insurance protects businesses from liability for injuries or damages caused to members of the public by their employees or their products.

  2. Professional indemnity insurance protects businesses from liability for injuries or damages caused to clients by their professional services.

  3. Public liability insurance protects businesses from liability for injuries or damages caused to their employees by their products.

  4. None of the above.

Show answer
Correct Option: B
Explanation:

Professional indemnity insurance protects businesses from liability for injuries or damages caused to clients by their professional services.

What is the difference between public liability insurance and employer's liability insurance?

  1. Public liability insurance protects businesses from liability for injuries or damages caused to members of the public by their employees or their products.

  2. Employer's liability insurance protects businesses from liability for injuries or damages caused to their employees by their work.

  3. Public liability insurance protects businesses from liability for injuries or damages caused to their employees by their products.

  4. None of the above.

Show answer
Correct Option: B
Explanation:

Employer's liability insurance protects businesses from liability for injuries or damages caused to their employees by their work.

What is the difference between public liability insurance and motor insurance?

  1. Public liability insurance protects businesses from liability for injuries or damages caused to members of the public by their employees or their products.

  2. Motor insurance protects businesses from liability for injuries or damages caused to members of the public by their vehicles.

  3. Public liability insurance protects businesses from liability for injuries or damages caused to their employees by their products.

  4. None of the above.

Show answer
Correct Option: B
Explanation:

Motor insurance protects businesses from liability for injuries or damages caused to members of the public by their vehicles.

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