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 […]
Do you know, it is mandatory by IT Act to report a cyber-attack to CERT -In! Who is CERT – In? The Indian Computer Emergency Response Team, it is formed as per the IT (Information Technology) act 2000 and they shall be a part of and function under the administrative control of Department of Electronics […]
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 […]
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) – […]