The report is a culmination of the work and efforts put in by the Moneylife Foundation to better understand liability insurance for public places after realising that such insurance was often misunderstood and underutilised in India. 
Shrirang Samant, former regional director of Llyods of London, suggested liability insurance as a viable option for victims of such incidents. This intrigued Moneylife Foundation to explore further and after several fruitful discussions with industry stalwarts, help was sought from Uttara Vaid, a well-known expert on such insurance, to research and complete a comprehensive report.
She also talked about the regulatory framework currently in place to address issues of relief and compensation to victims - the Public Liability Insurance Act (1991) and the National Green Tribunal Act (2010). However, she also pointed out that effective implementation of both acts is hampered by a lack of immediate relief and that it only applies to victims of accidents involving hazardous substances, i.e. industrial accidents.
Among the experts consulted for the report was KK Mishra, former chairman and managing director (CMD) of Tata AIG General Insurance. He says, "The small change that can be brought immediately is to remove the word 'hazardous' from the PLI Act. Also we need to make people aware about public liability insurance. For example, half of the vehicle owners dont know much about motor insurance but see how it is penetrated."
"People do not even know that they have a right to claim (insurance or compensation). This is where public liability insurance plays a big role. At the same time IRDAI need to increase compensation amount offered under the PLI Act, considering inflation and cost of living," he says while sharing his comments on the report and the importance of its findings.
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