A liability insurance policy offers to cover business owners, professionals, and self-employed people against the cost of compensation claims due to malpractice, injury, or negligence. So, let’s discuss what are the different types of liability insurance policies. Key Takeaways Targeted Corporate Risk Transfer: Modern underwriting requires highly specific solutions, meaning different types of coverage cater […]
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What are the general exclusions under construction all risk insurance?
Undeniably, a construction site is a complex undertaking, and various losses or dangers can arise to disrupt its functioning. Therefore, it makes complete sense to go with a construction all-risk insurance policy that promises to give coverage against various risks and losses. The policy not only covers materials and equipment, but it also deals with […]
How to Negotiate Best Price for Group Health Insurance for Employees
It is a good move to offer group health insurance to your employees. In fact, this insurance will not only help you keep your employees motivated, but it will also help you save taxes. While it is beneficial to have group mediclaim insurance for your employees, there are some ways through which you can negotiate […]
What are the various types of fire insurance policies for a start-up?
If you are a start-up, it is essential to buy a fire insurance policy that plays an imperative role by covering your business against various losses or damages. There are various factors that you should consider in order to choose the right kind of fire insurance policy. Key Takeaways The Sizing Risk Checklist: Finding the […]
What does All Peril Deductible clause in fire insurance mean?
All peril deductible clause in fire insurance is a situation where all the risks are covered. The policy is much closer to what a comprehensive insurance policy is. In fire insurance, all perils are covered by the insurer with a deductible clause for the policyholder. At the time of a claim, the insurer bears a portion […]
What is the Scope of Fire Insurance Policy?
Fire insurance plays an imperative role by shielding you against various types of losses or damages which may arise due to fire. Moreover, a fire insurance policy can be purchased by both households and business owners. Here we are talking about fire insurance policies available along with office insurance policies for people in business. However, […]
Deductible in group insurance policy
Deductible in a group insurance policy Many companies purchase group insurance policies for their employees to help with medical expenses. However, many employee insurance schemes have a deductible clause. This post helps to understand the deductible clause and its implications. Key Takeaways Deductible vs. Co-pay: A deductible is a fixed amount (e.g., ₹10,000) you pay […]
Insurances for IT Companies: Why you need it and how to go about it
Published in Economic Times on 16th September 2017. Written by Kapil Mehta The IT industry has capably elevated India’s standing in the world economy in the past two decades. For a country that was initially perceived as a harbor of red-tapism and bureaucracy, IT has come to be the crown jewel in India’s trove of […]
5 common health insurance woes that customers face
Published in Mint on 5th September, 2017 If you are a regular Mint Money reader, then you know some of the basics of buying health insurance. At Mint, we prefer health policies that are comprehensive and with no restrictions in the form of sub-limits, co-payments or disease-wise capping. In fact, the Mint SecureNow Mediclaim Ratings (MSMR) also […]
What is covered by the Terrorism Clause in a Property Insurance policy?
The recent incidences of terror attacks have compelled various insurance companies to offer terrorism insurance coverage. On this line, property insurance companies are offering terrorism coverage under their policies. Key Takeaways The “Add-on” Reality: Terrorism is not automatically included in base property or fire insurance. You must specifically request it and pay an additional premium […]