Summary
The Public Liability Insurance Act, 1991 is an Indian law that aims to provide relief to the victims of industrial accidents. It establishes an insurance pool to provide compensation to those affected by accidents that occur while handling hazardous substances. The Act covers all industries that handle hazardous substances, including nuclear installations, and the insurance pool is funded by contributions from these industries. The Act also outlines the liability of the owner or operator of an industrial unit in case of an accident, and sets out the procedures for making claims and calculating compensation. The Act is a crucial piece of legislation for protecting the rights and interests of victims of industrial accidents.
