A commercial liability insurance policy is very handy for businesses. It protects a business against liabilities arising out of its operations, such as damage to property or injury at the workplace, or damage to reputation. So what are exclusions of commercial liability insurance? What does commercial liability insurance not cover? While commercial liability insurance is […]
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How important is fire insurance for your business?
Although you may take every precaution and use the latest technology to ensure the safety of your business premises, you cannot completely rule out the possibility of an accident. Thus, fire insurance is both essential and recommended for your business. Key Takeaways The Fire Suppression Paradox: Property destruction during an active emergency is driven by […]
What does commercial liability insurance cover?
Commercial Liability Insurance Coverages Commercial liability insurance cushions a business against risks and damages that arise from operations, and does cover legal liabilities owing to accidents and damage to reputation. Inclusions Different insurance providers might define commercial liability coverage differently. Despite this, most schemes generally include similar risk covers. Damage to property and bodily injury […]
How to file a claim under Building Insurance?
Key Takeaways The Scene Preservation Rule: Policyholders must avoid clearing debris or moving damaged items unless it is clinically necessary to stop a secondary disaster (like an active fire); altering the site can lead to an immediate claim denial. The Repair Freeze Mandate: Undertaking permanent structural repairs on a partially damaged house before an official […]
How to file a claim under Engineering All Risk Insurance?
Key Takeaways The Primary Information Loop: Successful engineering claim settlement depends heavily on a clear multi-step notification system, starting with internal logs and moving quickly to formal insurer alerts. The Surveyor Cooperation Imperative: The claimant carries the absolute responsibility to cooperate with the surveyor, providing honest facts and site access; failing to do so leaves […]
Who can purchase motor fleet insurance?
As a business expands, its transportation needs might increase proportionately. Thus, organizations tend to buy more vehicles. Usually, they insure every vehicle separately. Motor fleet insurance is a great way to insure multiple vehicles in one plan. It is easy to manage in addition to being cost-effective. Let’s get to know that who can purchase […]
What is Property Insurance Policy?
The property insurance policy is the insurance that protects the physical goods and the equipment of the business or home against any loss from theft, fire, and any other perils. It can be an all-risk coverage policy that gives protection against all the risks. Or can a named-risk coverage policy give protection against only those […]
What are the Statutory Requirements for Workers’ Compensation Insurance?
An employer can take Workers’ Compensation Insurance to get protection against financial uncertainties. It covers the risk of injury, disease and death of an employee at the workplace. Note that buying workman compensation insurance is not mandatory but paying workers compensation on injury is mandatory. Therefore, many manufacturers need to buy statutory requirements for Workers […]
What is an Accidental Death and Dismemberment Insurance coverage?
Accidental death and dismemberment insurance (AD&D) as the name suggests, covers accidental death and dismemberment. This additional rider comes along with the life insurance policy and the health insurance policy. It pays you or your beneficiary in case of death by accident and dismemberment. The loss includes the loss of any of your body parts […]
Why Group Personal Accidental Insurance?
Employees are important for the continuity of any firm’s operations. So, it becomes very important to protect them against unfortunate events that can result in partial or permanent disability or even death of the employee. The group personal accidental insurance offers this cover to the employees on behalf of the employer. Key Takeaways The Solitary […]