E&O (Errors and Omissions) Insurance is a type of professional liability insurance that protects individuals and businesses from claims of negligence, mistakes, or omissions in their work. With E&O Insurance: – You’re protected against financial losses resulting from lawsuits or claims – Covers legal fees, settlements, or judgments – Helps maintain your professional reputation – […]
D&O Insurance is crucial for workplace disputes as it shields directors and officers from personal financial risk. It covers legal costs, settlements, and damages related to employment-related claims, allowing leaders to manage disputes effectively without fear of personal financial loss. Some common workplace disputes covered by D&O Insurance include: – Wrongful termination claims – Discrimination […]
Commercial General Liability (CGL) insurance is a type of policy that protects businesses from various liability risks, such as: 1. Bodily injury or property damage to customers, clients, or third parties. 2. Advertising injuries, like slander or copyright infringement. 3. Medical expenses for accidents on business premises. CGL insurance helps cover legal fees, settlements, and […]
Contractual Liability (Obligation) Insurance Policies In today’s competitive corporate world, all businesses have contractual obligations. It is inevitable that you need to adhere to the compliance requirements of your clients. In this regard, you have to purchase a few insurance policies that will help you and your clients in case there is litigation or disagreement […]
A devastating fire broke out in a factory due to a short circuit in an electrical panel, spreading rapidly and causing extensive damage to machinery and finished goods. The insured has lodged a claim under their Standard Fire and Special Perils (SFSP) Policy, seeking reimbursement for repair/replacement of damaged machinery, loss of stock, and debris […]
Employee Death, Stressful Work Environment, Legal Cases, Govt Investigation – EPLI In the start of the early 2000’s, working in service sectors like banks, IT and ITES was considered a safe job. People thronged to work in these sectors as they were physically less demanding, today the whole scenario has started changing, with mounting competition […]