A property, whether it be your home, office, factory or warehouse is one of your most prized possessions. Even minor damage to it can affect your finances a lot. The purpose of all these properties is also something that makes you value them more than anything in your life. While a home protects you and […]
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Perils That Affect the Profitability of Your Factory & Warehouses
While setting up a new business, one of the things on your priority list is to establish a decent office for all the commercial work suitable as per your business requirements. For manufacturers, factories and warehouses also hold crucial importance for the proper functioning of their business. But it is often seen that while a […]
For under-construction home buy contractor’s all-risk policy
Published in Mint on, Jul 16 2013, Written by Kapil Mehta Can I get fire insurance for my home even before construction is completed? —Avinash You can buy a contractor’s all-risk policy that will cover you for material damage and third-party liability. Material damage includes loss due to fire, floods, malicious damage or earthquake. It […]
Discharge from hospital – The most inefficient processes
Published in Mint on, Jan 29 2013, Written by Kapil Mehta My electronic items are under warranty. Do I still need to insure them? —Hemant You do not need to get an all-risk cover or a machinery breakdown cover for electronic items. A simple burglary and fire insurance should do. We had cashless treatment pre-approved […]
Nature of commercial activity decides risk value
Published in Mint on 16th Sept 2014, Written by Abhishek Bondia I have read that with regards to home insurance, the claim can get rejected if there are commercial activities happening in the premise. Does this mean that if I offer tuition in my house, my claim can get rejected? —Sanjay The type of activity […]
Five stories that make you cry, in anger and frustration
There are 3 solutions to tackle issues regarding insurance woes on a large and sustainable scale Published in Mint on 8th October, 2014,Written by Kapil Mehta Insurance inhabits two distinct worlds. In the first world it occupies, it promises concern and care; search for popular insurance advertisements anywhere in the world and you will find beautiful […]
Importance of Contractor All Risk Policy in Civil Engineering Projects
Contractors All-Risk Policy Civil engineering projects involve heavy financial investments in labour, raw materials, and equipment. These businesses face various risks related to weather, site conditions, and human factors. These risks affect workers and third parties such as the surrounding public and neighbors. Every civil engineering project comes with its own set of risks and […]
How does an insurer decide premium for high-risk businesses on Floater basis, under Bharat Sookshma Udyam Suraksha?
As India moves towards creating a more secure economy, various new schemes have been launched for the protection of business owners and their business-related properties. One such policy was launched by the Insurance Regulatory and Development Authority of India (IRDAI) is in 2021. It is known as Bharat Sookshma Udyam Suraksha Yojna. Under this policy, […]
Cost advantage analysis of three main categories of Institute Cargo Clauses (ICC): A, B, and C
Marine insurance plays a vital role in international and domestic trade. A customised marine insurance policy provides complete protection against all the named and unnamed perils related to the shipping business. Marine insurance provides financial protection against the loss or damage caused to the ship, cargo, and terminal by which property is acquired, held, and […]
What are the most common claims for workers compensation?
Safety is an utmost important element to creating a healthy workplace environment. As safety-related incidents can affect the employees’ morale and their family, productivity, and the organisation’s reputation, various safety measures are taken to prevent such risks. However, ensuring workplace safety requires both employee and employer cooperation. Despite all the safety measures and rules for […]