Public Liability Insurance Act

The Public Liability Insurance Act is legislation that requires certain businesses and organizations to carry insurance that covers potential legal costs and compensation payments if they accidentally cause injury or damage to the public or their property. Its purpose is to protect the public from financial loss resulting from industrial accidents, pollution, or other mishaps caused by the insured entity’s activities. This ensures that victims can be compensated without burdening the injured party, while also holding businesses accountable for maintaining safety standards.