Tick off the checks to make before you accept a business liability quote and after the policy schedule arrives.
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Use this checklist while you collect business liability quotes in India and again when the policy schedule arrives. It follows the order in which mistakes usually happen: an incomplete description of the business, quotes that are not like for like, and a schedule that does not match what was agreed.
How to use it. Tick each item as you finish it; your ticks are saved in this browser only. Work through the first group before you approach insurers or a broker, because the answers determine which policy type and limits you should ask for. The second group is for side-by-side comparison; pair it with the liability quote comparison tool. The third group covers payment and paperwork.
Why each step matters. Insurers rely on the proposal form, and a material misstatement can let them reduce or refuse a claim. Contract clauses often set a minimum limit and require your client to be named on the policy, and a breach can cost you the contract even if no accident happens. A claims-made policy that lapses can leave earlier work uninsured. The full reasoning is in the buying checklist guide.
Limits. This is a general checklist. Specialist risks such as aviation, marine, clinical trials, large infrastructure contracts or exports to the USA need tailored advice from an IRDAI-licensed broker or a lawyer.
Worked Quotes and Buying Checklists
How to read and meet the liability insurance requirements in Indian client contracts, leases and tenders, with a clause-by-clause checklist and cost examples.
Claim Failures, Disputes and Official Sources
What to do from the moment of an accident or legal notice to settlement of a liability claim in India, including notice, documents, surveyors, consent and timelines.
Claim Failures, Disputes and Official Sources
How to escalate a liability or business insurance complaint in India, through the insurer's grievance cell, IRDAI's Bima Bharosa and the Insurance Ombudsman, with eligibility.
Claim Failures, Disputes and Official Sources
The most common reasons Indian insurers reduce or repudiate business liability claims, with failure scenarios, prevention steps and what to do after a rejection.
Claim Failures, Disputes and Official Sources
The exclusions found in most Indian public liability and CGL policies, what each means in practice, examples of claims they defeat, and how to fill the gaps.
Worked Quotes and Buying Checklists
A step-by-step checklist for buying business liability insurance in India, covering risk description, quotes, limits, deductibles, contracts, payment and schedule checks.
