Crime insurance is a type of policy that protects businesses from financial losses due to crimes like theft, fraud, embezzlement, and other dishonest acts by employees, customers, or third parties. It covers losses such as: – Theft of money, securities, or other assets – Forgery or alteration of financial instruments – Computer fraud or cybercrime […]
E&O insurance is designed to protect businesses and professionals from financial losses resulting from mistakes, errors, or omissions in their work. Even a single mistake can lead to a costly lawsuit, and E&O insurance can help cover the expenses. For instance, if you’re a consultant and you provide advice to a client that leads to […]
Group Term Life Insurance is a type of life insurance that provides coverage to a group of people, usually employees of a company or members of an organisation, for a specified period (term). Key Features: 1. Group Coverage: Covers a group of people under a single policy. 2. Term-based: Coverage is provided for a specified […]
Client data loss can happen due to various reasons like cyber attacks, accidental deletion, or system failures. E&O Insurance acts as a safety net, covering costs associated with: – Notifying affected clients – Providing credit monitoring services – Legal fees and settlements – PR efforts to restore reputation It helps businesses manage the financial impact […]
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. […]
Workmen’s Compensation: A Safety Net for Workers In the event of an accident, the Workmen’s Compensation Policy provides financial protection to the worker and their family, ensuring they receive the necessary medical care and support during a difficult time. Key benefits include: – Medical expense coverage for treatment and rehabilitation – Disability benefits for temporary […]