The employer-employee relationship is one of the mutual benefits. While employees work for the benefit of the organisation, the organisation is expected to benefit the employees financially and non-financially. Group insurance plans are part of the financial benefits that ensure the financial safety of employees and their families in case of contingencies. Though not a […]
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7 Highly Motivational and Productive Employee Engagement Activities
7 Highly Motivational and Productive Employee Engagement Activities Employee engagement is not rocket science. Yes, effectively improving your employee engagement levels through appropriate activities in the workplace can sometimes prove to be a little tricky. But as an employer, you need to make sure that your employees are motivated enough to work at their best […]
Tick Mark These 5 Things to Qualify as A Great Employer
Tick Mark These 5 Things to Qualify as A Great Employer A company is a legal entity and it depends on its managers and directors to operate and engage with the world. Hence, the directors, managers, and employees are legally representing the company’s interest while discharging their duties and have a fiduciary relationship with the […]
What should employer do to help protect board of directors?
5 Things You Should Be Doing To Help Protect Your Board Of Directors A group of individuals that are elected to represent shareholders is called the Board of Directors. A board’s responsibility is to establish policies for corporate management and to make decisions on major company-related issues. Every public company consists of a Board of Directors. Some […]
Steps To Take When Your Employee Is Injured At Work
The world is full of uncertainties, and no one can predict their fate, but we keep on trying for a better tomorrow. Similarly, your organization is your little world where you try your best for your employee’s safety. But sometimes worst things can happen like a workplace injury or illness that not only affects your […]
What are the exceptions or exclusions in workmen compensation?
Workmen Compensation Insurance provides financial coverage to employees in case of injury, disability, or death due to work-related accidents. However, the policy includes certain exclusions that limit liability for the insurer. Key Takeaways The “3-Day” Rule: For minor injuries, the policy typically does not pay compensation if the disablement lasts for 3 days or less […]
Is D&O policy required in case of merger/acquisition?
Mergers or acquisitions have become common today. Large companies take over or merge with smaller companies with a view to expanding their business. Whenever there is a merger or an acquisition, the directors and officers of both companies involved face a volatile situation. During mergers and acquisitions, shareholders, stakeholders and other third parties associated with […]
What drives the cost of a D&O policy?
A Directors & Officers Liability Insurance Policy cover the legal cost faced by the directors and officers of an organization. The cost of a D&O policy protects them if they face a lawsuit because of any error committed by them. The policy also pays any settlements payable to third parties as compensation for the errors […]
What are Side A, B, and C covers in a D&O policy?
Overview: Side A, B & C Covers in a D&O Policy Directors and Officers (D&O) Insurance protects executives and companies from financial losses due to claims alleging wrongful acts, breaches of fiduciary duty, or regulatory violations. D&O policies typically include three coverage layers: Side A: Direct protection for individual directors/officers when the company cannot or will […]
What are the conditions in workmen compensation policy?
The statutes of the Workmen’s Compensation Act, 1923 make it mandatory for all employers to have a workmen’s compensation policy to protect their employees. The workmen’s compensation policy covers the legal liability faced by an employer if the employee dies or becomes disabled during the course of employment. In case of any employment-related injury or […]