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: […]
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 […]
Case Study: The Cost of Delay in Purchasing Cyber Insurance Background: Recently, one of our clients experienced a ransomware attack that severely disrupted their operations. Prior to the incident, their management believed that a USD 1 million (INR 8.5 crore) cyber insurance cover was unnecessary. Incident Summary: Following the attack, the same client urgently sought […]
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 […]
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 […]
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: – […]
IPR Infringement? E&O/PI Insurance to the Rescue. Safeguard your business from costly lawsuits and financial losses. E&O/PI Insurance provides coverage for: Accidental copyright infringement Trademark disputes Patent infringement claims Protect your reputation, finances, and creativity. Let’s discuss how E&O/PI Insurance can be your safety net!