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Drone insurance: All you wanted to know about drone insurance

Drone insurance is growing popular as many types of businesses have adopted drones.  They have become the preferred mode of delivery or photography. A drone can be an expensive equipment costing several lakhs of rupees. Hence it is important to insure your drones and several insurance companies today provide comprehensive coverage to remotely piloted aircraft […]

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How does product recall liability policy work, and what does it cover?

Product recall is a request from the manufacturer to return a product after the discovery of safety issues. Or product defects that might endanger the consumer or put the maker/seller at risk of legal action. The product recall insurance is provided as an add-on to the product liability insurance policy. Product recall insurance within product […]

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What are the advantages of a Commercial Liability Insurance plan?

A business can protect itself by purchasing a commercial liability insurance plan, which offers the following benefits: Bodily injury liability: It protects your business if injuries are caused to the other person due to your business operation. Property damage liability: It protects your business if damages occur to the property of others. Personal injury liability: […]

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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. So, what are […]

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What are the most important features of an umbrella insurance policy?

An umbrella insurance policy is a type of extra liability insurance used by many businesses. This insurance is crafted to protect the insured against significant claims and lawsuits. And ultimately helps to protect the insured’s assets and the business future. So let’s discuss in this article what are the important features of an umbrella insurance […]

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What is Liability Insurance?

Liability insurance is a part of commercial insurance which is there to protect the purchaser of the policy (i.e. policyholder). Various risks of liabilities can arise from lawsuits and similar claims. There are various types of liability insurance policies, like cyber risk, directors & officers’ liability insurance, product liability, etc. Commercial general liability insurance is […]

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What are the different types of liability insurance?

A liability insurance policy offers to cover the business owners, professionals, and self-employed people against the cost of compensation claims due to malpractice, injury, or negligence. So, what are the different types of liability insurance There are different types of liability insurance policies as mentioned below: 1) Commercial general liability (CGL) policy: A CGL policy […]

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Who is an Insured under Commercial General Liability Insurance?

Commercial General Liability protects the insured against bodily injury, 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 an insured under a specific condition are below. Sole Proprietorships: In the case of an individual, insured […]

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