The decision to buy architects insurance for a firm or even an independent or freelancer contractor is not essentially an easy one to make at the outset. When an architect is faced with this decision, it is possibly an indicator that there might be some significant happenings, like winning a large contract or planning to […]
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The Ins and Outs Of Architecture’s Liability Insurance
As an architect, your work involves bringing designs to life. From conception to realisation, as an architect, you participate in the process of creating an architectural structure which is going to exist for many years. Your architectural structure will be used by people for many years. Though, every architecture acts cautiously to meet client’s expectations, […]
A Complete Guide to Gym Insurance for Fitness Professionals
As in most of the cases, fitness professionals, like sports coaches, personal trainers, exercise class instructors, etc.; work for themselves, they could forget or avoid buying insurance. However, there are various risks which fitness professionals should be aware of. Like clients tripping over at gym, or dissatisfied clients file a legal suit against you for […]
6 Must Have Insurance Coverage for Accounting Firms
Whether you already have an accounting firm or want to expand your services in the market, it is essential to know that in a time-sensitive business, like accounting, damages and disruptions can arise to affect your relationship with clients. From a natural disaster to a physical injury or a disgruntled customer, any unfortunate event can […]
Insurance hits and misses: IPOs and Commissions
Published in Mint on 26th December 2017. The three big events of 2017 that will define the year for the insurance sector are: listing of insurance companies, new commission rules for sellers and consumer protection regulations. Here are the details on what happened in this space and what it means for you. Benefits of listing […]
What is a fiduciary insurance policy?
If a company sponsors a retirement or health plan for its employees, then the person involved anyway with the management of that plan, is considered a fiduciary. A fiduciary is held personally liable for a breach of his fiduciary duties. For many businesses, offering an employee benefit plan is a way to retain and retain […]
Does Professional Liability Insurance Protect Us From Copyright Infringement Lawsuits?
Yes, a professional indemnity insurance policy can give protection against copyright infringement lawsuits. Professional liability insurance, which is also called, errors & omissions insurance policy, offers coverage against professional risks and related legal expenditures. The errors and omissions insurance has an IPR infringement clause which offers coverage in case there is a violation of intellectual […]
What is Co-insurance Clause in Property Insurance?
Co-insurance is an office insurance policy is an important clause, which is defined as the ‘sharing of risk’ between multiple insurance companies. Usually, one insurance company leads the policy document. And the insurer would be responsible for different aspects of the policy document, including the claim. In such a case, the insurance company will levy […]
How Does Trade Credit Insurance Policy Work?
A trade credit insurance policy is a robust insurance policy which has been specifically designed to secure the lifeblood of many companies— the sales ledger. Nothing is sold until the payment is received by the seller. In a situation, where credit has been extended, however, customers are unable to pay within the agreed terms and […]
How Does Construction All Risk Insurance Work?
On May 22, 2017, two workers fell to their deaths from the 17th floor while working on the construction site of the Paradise Group. The rope of the metallic plank snapped. A significant amount of planning and expertise is invested in any construction project. The most significant fear for those involved in the construction business […]