| With the increase in handling and transport of hazardous chemicals probability of industrial accident is on the increase. Therefore to provide immediate relief to persons affected by such accidents, Government of India enacted the Public Liability Insurance Act, 1991. Application for relief for the damage to property, life or injury has to be made to the Direct Collector concerned. The owner of the installation responsible for the accident has to pay the relief. Owners of the installations handling hazardous substances have to take insurance policy to an amount for not less than the paid up capital not exceeding Rs. 50 Crores . |