While it is good to have a construction all risk insurance policy to get coverage for all risks during construction, it is essential to know the claim process as well to make the optimum use of the policy. Here, are a few tips which you should follow if you want to enjoy hassle-free claim settlement […]
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What is an All-Risk Property Insurance Policy?
An all-risk property insurance policy means that the policy will cover everything, except the perils which are clearly listed under the exclusion head. It means, that if something does not specifically exclude from the all-risk property insurance policy, the insurer would cover it. Key Takeaways The Inverse Burden of Proof: In an all-risk property contract, […]
How To Port Your Medical Insurance Policy
Published in NDTV Business on 9th December, 2017. Before you pay your insurance premium, you should take a relook at your medical insurance policy from all perspectives – premium, benefits and coverage plan. In case you find your policy a little too expensive or unfeasible, you should port it to another insurer. In fact, Insurance […]
Does Professional indemnity insurance covers out-of-court settlements?
A professional indemnity insurance policy is also called errors and omissions insurance. It offers financial relief to a policyholder if they are sued for professional negligence or acts of omission/negligence. In such cases, the policy also covers defense costs, i.e., lawyer fees as well as court-awarded compensation for the plaintiff. Notice served to the policyholder […]
Does Product Liability Insurance Covers Spoiled and contaminated Food?
Yes, a product liability insurance policy covers spoiled and contaminated food as well. A product liability insurance policy covers the various costs associated with damages, illness, or injuries caused by your products. Key Takeaways The Scope of Perishable Protection: Retailers and wholesalers can access multi-layered risk transfer, because a comprehensive product liability insurance policy covers […]
What are the most important features of an umbrella insurance policy?
An umbrella insurance policy is a type of extra liability insurance policy 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’s future. So let’s discuss in this article what are the important features of an umbrella […]
What are Some Items Typically Excluded From Property Insurance Policy?
Property insurance is an umbrella term that comprises various insurance policies like an office insurance policy, construction all-risk policy, engineering all-risk policy, factory & warehouse insurance, motor fleet insurance, art insurance, etc. So, What are some items excluded from Property Insurance Policy? Though, the purpose of property insurance is to offer complete coverage against various […]
Why Should We Buy Property Insurance?
The most important reason to purchase property insurance is the uncertainty of the future. You can’t predict what would happen in the next moment, and therefore, to get complete coverage against life’s uncertainty, it is essential to buy a property insurance policy. A property insurance policy is an umbrella policy that includes office insurance, factory […]
What is the Definition of Commercial Property Insurance?
As the term itself says, a commercial property insurance policy helps people in business by covering their commercial property, against a myriad of losses or damages. In most cases, a commercial property insurance policy offers coverage for standard fire & special perils and burglary. As the cases of burglary in business premises are increasing over […]
How insurance can improve the ease of doing business
Published in Mint on 16th November, 2017. Written by Kapil Mehta Last week, the papers were awash with the World Bank’s Ease of Doing Business report. Although India’s rankings have improved, they are still low at the 100th position. I’m sure we can do better in letter and spirit. In letter, because the competitive education […]