When should a start-up consider Directors and Officers liability coverage?

Start-ups these days grow so rapidly that it’s difficult for them to correct course once they recognize missteps. At the incubation stage, start-ups usually ignore Directors and Officers Liability Insurance because of the misconception that this policy is required when an organization operates on a very large scale. But the consequences of non-compliance, breach of […]

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Is it a legal requirement to have professional indemnity insurance?

Being a professional or consultant comes with a few must-dos: Getting a proper professional indemnity insurance coverage is the most important one as it provides a shield against the financial blow of unexpected occurrences. It saves yourself from huge financial trouble in the long run. It is not a legal requirement to have professional indemnity […]

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How much professional indemnity insurance cover do I need?

Professional Indemnity Insurance provides financial protection against negligence, breach of duty etc. if being a professional you are not prepared for events like error or omission, breach of duty etc, it can prove to be the recipe for ultimate failure. It is very important to buy professional indemnity insurance with an optimum level of coverage. […]

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What is Side A coverage for directors and officers liability?

Directors and Officers liability is a comprehensive policy comprised of Side A, Side B and Side C. Side A protects the directors and Officers only, here the claims against directors are taken into consideration when the company is unable to pay because of bankruptcy or legal provisions. On the other hand, Side B and C […]

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What is not covered by directors and officers liability policy?

Exclusions are part and parcel of every insurance policy and it is quintessential to understand and update yourself on various ‘ins and outs” of insurance policy. Directors and officers liability insurance covers personal actions against Directors/Officers of the company for wrongful acts whilst performing their duties as administrators of the company. Availing this policy does […]

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What is a fiduciary insurance policy?

If a company sponsors a retirement or health plan for its employees, then the person involved anyway with the management of that plan, is considered as a fiduciary. A fiduciary is held personally liable for a breach of his fiduciary duties. For many businesses, offering an employee benefit plan is a way to retain and […]

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Does Professional Liability Insurance Protect Us From Copyright Infringement Lawsuits?

Yes, a professional indemnity insurance policy can give protection against copyright infringement lawsuits. The professional liability insurance, which is also called, errors & omissions insurance policy, offers coverage against professional risks and related legal expenditure. The errors and omissions insurance has an IPR infringement clause which offers coverage in case there is a violation of […]

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What are the Steps to Buy Commercial General Liability Policy?

A commercial general liability insurance plays a crucial role in covering property or bodily damages related claims. If you are interested in buying commercial general liability insurance policy, the following steps will help you in buying the policy – Define your requirements As commercial general liability insurance policy plays an imperative role, it is essential […]

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What are the benefits of Business Insurance?

Running a successful business always comes with inherent risks. A client could file a suit, a natural disaster can ruin things, or someone can get injured on the site. For this reason, it is essential that a business has an insurance policy in place to protect itself as well as its assets. Getting the business […]

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