The Impact of Financial Turmoil on Startups (D&O Insurance) Financial turmoil can significantly affect startups, making it challenging to navigate business operations. Directors and Officers (D&O) Insurance plays a crucial role in protecting startups from financial risks. Key Challenges: – Financial Instability: Economic downturns can lead to reduced funding, cash flow issues, and increased financial […]
Student Safety: Understanding School Liability Schools in India have a duty of care to ensure student safety on premises. If a student is injured due to negligence or inadequate supervision, the school may be liable for damages. Key Points: – Schools are expected to provide a safe environment for students. – Liability may arise from: […]
Dear HR Team, do you know about Blacklisted Hospitals? – A Must-Know piece of information for your Employees Prologue: Nowadays, we are getting claims repudiated by insurers citing admissions taken in blacklisted hospitals. Most of the time, this rejection happens in reimbursement claims as the employee gets admitted unaware of this condition. It is important […]
Case Study: Impact of Underinsurance on Fire Claim Settlement Background: In December 2021, one of our apartment clients reported a fire accident that occurred in the basement electrical board room. The estimated loss was approximately ₹75 lakhs. The apartment was insured under a Fire Insurance Policy with a sum insured of ₹100 crores. Incident Summary: […]