What are the requirement stemming from RERA on title insurance?

Title insurance protects against financial losses arising due to fraud or title disputes. It will add a protective layer to the property buying event. In a title insurance policy, the premium amount is paid once for the entire tenure. This is a must-have insurance policy for promoters of all new and ongoing property developments registered […]

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What are the benefits of title insurance policy?

Title insurance is an emerging insurance product in the Indian market. It provides an aid to resolve ownership issues, frauds like forgery, past land title defects etc. It offers greater confidence to home-buyers or owners, developers of residential projects and real estate business. Following benefits are available in title insurance: 1.  Fulfils the statutory compliance […]

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What is Title Insurance? What does it cover?

Title insurance addresses title defects when the property changes hand. It is a form of indemnity insurance which helps in curing title defects. This policy tackles title problems such as undisclosed heirs making claims for the property, mistakes by recording a document or property taxes not paid by prior owner etc. Title insurance ensures good […]

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What types of expenses are covered under the auto-component manufacturer policy?

With the increasing frequency and speed of modern-day lawsuits, every manufacturing unit has started to become more proactive to minimize the fallout and recover customer trust. An auto component manufacturer should buy product liability insurance and product recall insurance in order to get coverage against client-related lawsuits. Following expenses are covered under auto-component manufacturer policy: […]

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What is not covered in auto-component manufacturer insurance policy?

Auto-component manufacturer insurance policy covers product liability and product recall insurance. In order to secure your business operations against the financial loss due to product-related lawsuits or product recalls, buying business liability policy is important and it is equally important to know the important aspects about this business insurance. Following are the exclusions under the […]

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What do you mean by EPLI? Is it covered in D&O insurance?

Yes, EPLI can be covered under the Directors and Officers (D&O) insurance policy. EPLI, also known as Employment Practices Liability Insurance, is a claims-made policy which reimburses defence cost and settlement cost incurred by an employer against fighting employee-related lawsuits. An employee can make or break the organization and be fighting against an employee-related lawsuit can cause […]

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Can unqualified staff be covered under medical indemnity insurance?

Yes, unqualified staff can be covered under doctors professional indemnity insurance by paying an additional premium amount. Unqualified staff includes compounder, ward boys, and nurses etc. All the staff members working in a hospital or clinic can be covered under the medical establishment’s professional indemnity policy. Mistakes are the part and parcel of professional services […]

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What are the main exclusions under the doctors professional indemnity insurance?

Doctor’s professional indemnity insurance protects the insured against breach of professional duty, negligent acts and error or omission performed by doctors and medical establishments. The PI insurance policy saves the legal cost incurred against fighting professional liability claims. It is important for doctors to scrutinize the scope of coverage offered by doctors professional liability insurance […]

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