Commercial general liability insurance protects you against various claims related to property damage or bodily injury which may arise against your organization and for which you may be liable to pay. The commercial general liability insurance policy covers an extensive range of liability loss exposure faced by various firms. Commercial general liability insurance offers extensive […]
Who is qualified as an Insured under Commercial General Liability Insurance?
Commercial General Liability protects the insured against bodily injury and property damage. But it is essential to understand who is insured under this Commercial General Liability policy. Persons or Organizations can qualify as insureds. So, who can qualify as insured under a specific condition are below. Sole Proprietorships: In the case of an individual, insured […]
Does General Liability Insurance Covers Property Damage?
Yes, commercial general liability insurance also covers property damage. A typical commercial general liability insurance covers loss or damage which may arise due to bodily injury or property damage for which your business may be responsible for paying. Overall, commercial general liability insurance offers coverage in case of bodily injury and property damage for which […]
What Are Supplementary Expenses Covered By Commercial General Liability Insurance?
Insurers cover various supplementary expenses under commercial general liability insurance. These charges, however, may vary according to different insurance policy providers. Following are some of the supplementary expenses commonly covered by Commercial General Liability Insurance: Claim Adjustment Expenses Claim adjustment expenses, as the name suggests, are the expenses incurred in the settling of insurance claims. […]
What is Product Liability Insurance Policy?
Product liability insurance is a policy that indemnifies the distributor, wholesaler, and retailer against various losses or damages which could arise out of the consumption or use of products manufactured, sold or distributed by them. As a manufacturer who is supplying products, you always deal with the risk that your products could cause loss or […]
What is a Liability Umbrella Insurance Policy?
A liability Umbrella Insurance Policy is like extra liability insurance that safeguards you against various claims and lawsuits. Thus, it helps in protecting your assets in the following two ways= It gives additional liability coverage over and above the limits of your auto and home insurance policies. The liability umbrella insurance policy coverage kicks in […]
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 with […]
What are the benefits of title insurance policy?
Title insurance is an emerging insurance product in the Indian market. It provides 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 businesses. So, What are the benefits of a title insurance policy? The following benefits […]
What is Title Insurance policy? What does it cover?
Title insurance policy addresses title defects when the property changes hands. It is a form of indemnity insurance policy that 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 the prior owner, etc. A […]
Applicable of principle of subrogation to Product Liability insurance?
Yes, the principle of subrogation applies in the case of product liability insurance policy as well. If a product liability insurance company settles the claim, the insurer shall be subrogated to all of the policyholder’s rights of recovering the claim amount if the loss or damage happens due to the fault of the third party. […]