A faulty air-conditioning unit caused a fire in our office, damaging equipment and documents. Our fire insurance policy is helping us recover losses, covering replacement costs and renovation expenses. The policy’s “office contents” section covers fixtures, fittings, and contents, giving us peace of mind. We’re working with our insurer to process the claim and restore […]
Tenants Legal Liability: Is Your Business Running in a Rented Premises? Then You Should Know This: What if a fire happens in your commercially rented premises, and you are held responsible by the landlord? The common risk in the workplace is a fire accident, which can occur due to your employee’s negligence or poor maintenance […]
Can Employers Be Liable if an Employee Commits Suicide? Recently, I received a call from one of my clients’ HR department, informing me that their employee had committed suicide. The employee’s dependents were blaming the company for putting undue pressure on the employee, which allegedly led to stress and depression, ultimately resulting in his death. […]
Errors & Omission Policy (Professional Indemnity Insurance) Are your data losses covered under an Errors & Omission Policy or Cyber Security Policy? (Two-minute read for #CISOs, #Directors, #CFOs, #CTO, #Cyber Consultants, #Startups) An Errors & Omission policy (Professional Indemnity Insurance) is taken to cover business service lapses where a customer incurs a loss due to […]
Do you know that Cyber Security risk can be covered under a Tech E&O policy? Nowadays, almost all clients require cyber security insurance as part of their contractual requirements with Indian businesses. However, taking a stand-alone cyber policy in India is becoming increasingly difficult and costly due to the recent surge in cyber-attacks. Stricter […]
This is an important policy for organisations particularly startups to manage the setback of losing a critical employee. What is Keyman Insurance Policy? When a company feels that the loss of certain employees can significantly impact its performance, then it purchases a Keyman Business Insurance Policy where: · The policy is proposed by the company · Premium […]
D&O vs. E&O – At a Glance Directors & Officers (D&O) – Shields personal assets of directors, officers, and often the company itself from lawsuits alleging wrongful managerial acts (breach of fiduciary duty, mismanagement, regulatory violations). It helps attract top talent by covering legal costs and settlements tied to board‑level decisions. Errors & Omissions (E&O) – […]
Mitigating Financial Impact of Software Errors with E&O Coverage A single coding error has the potential to generate substantial financial consequences, including missed trade opportunities, dissemination of inaccurate data, exposure to regulatory fines, and erosion of client confidence. Professional Indemnity (Errors & Omissions) insurance is designed to address these risks by providing coverage for: – […]