The Real Cost: With D&O vs Without D&O When considering D&O Insurance, it’s essential to weigh the costs and benefits. Here’s a comparison: With D&O Insurance: – Premium costs: You’ll pay annual premiums, which can range from a few thousand to hundreds of thousands of rupees, depending on your business size, industry, and risk level. […]
What is D&O Insurance? D&O Insurance, or Directors and Officers Liability Insurance, is a type of insurance that protects the personal assets of a company’s directors and officers in case the company is sued or faces financial difficulties. Why is it important? When a company fails, its directors and officers can be held personally liable […]
D&O Insurance, or Directors and Officers Liability Insurance, is a type of insurance that shields directors and officers of a company from financial losses if they’re sued for their actions or decisions made on behalf of the company. It covers: – Legal fees and defence costs – Settlements and damages – Regulatory proceedings and investigations […]
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 […]
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 […]
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 […]
Professional Indemnity Insurance: Your Shield Against Professional Negligence Claims Delivering high-quality services is expected, but mistakes can happen. Protect yourself and your business from professional negligence claims with PI Insurance. It covers: – Legal costs and defense fees – Compensation and damages – Reputational damage – Breach of confidentiality – Misrepresentation Why You Need PI […]