Public Liability Insurance Act, 1991 is to save owner of establishment producing hazardous substance from hefty penalties. Elucidate.

Public Liability Insurance Act, 1991 is to provide compensation for damages to victims of an accident caused by handling any hazardous substance or as it is also called, to save the owner of production/storage of hazardous substance from hefty penalties. This is done by proving compulsory insurance for third party liability. First time owner is put on anvil to provide the compensation/relief, when death or injury to any person (please note-other than a workman) or damage to any property has resulted from an accident of hazardous substance. Actually the owner shall buy one or more insurance policies before he/she starts handling any hazardous substance. When any accidents come in knowledge of Collector, then he/she verify the occurrence of accident and order for relief as he/she deems fit.