A typical commercial general liability insurance covers claims of bodily injury or property damage. Your company may become liable to pay for such claims. A CGL insurance policy comes with comprehensive coverage. Under commercial general liability insurance, there are two coverages available— liability cover and medical expense cover. The liability cover provides coverage for third-party […]
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What are the differences between commercial general liability, general aggregate, and umbrella liability?
Various organizations face a wide range of liability loss exposures covered by a commercial general liability insurance policy. Most importantly, a commercial general liability policy is essential for an organization’s liability insurance policies. In fact, Commercial general liability, general aggregate & umbrella liability insurance should ideally be part of an organization’s annual financial planning. General […]
What is a retroactive date and how does it apply to a professional indemnity policy?
Most of the insurance policies that we know start their cover from a given date as stated in the policy document. Otherwise, insurers would run out of money paying past claims. However most professional indemnity insurance work a bit different. These professional indemnity insurances can cover incidents from the past as well. The use of […]
Distribution Landscape Set To Change Dramatically
Published in Business Word on 7th November 2017 In this interview, Kapil Mehta speaks to BW Businessworld on SecureNow’s business model and growth plans, emerging trends in the insurance space in India, and the challenges of an evolving Health Insurance landscape Kapil, what led you to leave a successful corporate career as the CEO of […]
Who can take the construction all-risk policy?
If you are into the construction business or have been associated with it in any way, you might have a fair idea of how susceptible your construction site is. A construction site is vulnerable to various kinds of losses or damages which can arise from theft, legal claim, damages, and more. As a contractor, it […]
Are losses arising out of theft and burglary covered under the Standard Fire and Special Perils policy?
If a loss arises out of theft and burglary, the standard fire and special insurance policy usually exclude it, unless stated otherwise. Usually, most fire insurance companies think that burglary, theft, or housebreaking are not linked with fire accidents. And therefore, the insurer prefers to deny any claim which arises out of theft and burglary […]
Cap on exit penalties for traditional plans
Published in Mint on 9th October, 2017. High exit penalties on Ulips added to insurance companies’ profits, till they were capped. However, they still exist for traditional insurance plans. We asks the experts if exit loads on traditional plans too need to be capped. Sanket Kawatkar, principal and consulting actuary, life insurance (India), Milliman India […]
What damages are covered by a Commercial General Liability policy?
An organization interacts with its employees, contractors, clients, vendors, and other parties during its course of business operations. If any of these parties suffer an injury or loss due to the business premises or its operations, a claim can be filed for the same. Having a commercial general liability or CGL Insurance can help protect […]
Which Additional Benefits Can be Covered Under Contractor’s All Risk Policy?
A contractor’s all-risk insurance policy plays an important role by shielding you against losses or damages which may arise at the construction site. Here are some of the additional benefits which you can get added to your contractor’s all-risk insurance policy= Cover for air freight= A policyholder can get the expenses incurred on air freight. […]
Car dealers may offer more, cheaper covers
Published in Mint on 19th September, 2017. Some months back, Mint Money published a story on why one shouldn’t settle for a car insurance policy that the car dealer packages with a car purchase. We advised shopping around for a cheaper policy instead of settling for this convenience. You can read it here. The good […]