Who is included in public liability insurance?

The cost of property services already includes the cost of insurance, and of course it also includes the so-called "public liability insurance" included in the underground garage fee required by the landlord.

In fact, the property public liability insurance is stipulated by the government and is mandatory. According to Article 11 of the Measures for the Administration of Property Service Charges issued by the National Development and Reform Commission and the Ministry of Construction in 2003, property service fees or expenses include the parts used by the property, facilities and equipment used by the property and public liability insurance fees.

So, what is public liability insurance? What's the point of compulsory purchase?

Public liability insurance mainly covers the economic compensation liability that the insured should bear according to law when he engages in production, business or other activities within the geographical scope of his business and causes personal injury and property loss to others (third parties) due to accidents. The ultimate goal of this kind of insurance is to make the third party victims get timely and effective economic compensation. It can be seen that public liability insurance is mostly used in hotels and entertainment places.

Public liability insurance is a big concept, involving many industries and fields. Public liability insurance in residential areas mainly refers to property management liability insurance.

Public liability insurance is of great practical significance. This kind of insurance refers to the personal and property losses caused by improper property management and inadequate governance of the owners and visitors in the community. Originally, the property company had to bear the corresponding risks. After taking this insurance, the risks can be passed on to the insurance company, and the property management company can effectively avoid all risks arising from the management process.

Unfortunately, at present, it has not been paid attention to by relevant responsible companies and property industry leaders.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.