What is D & O insurance?

A director and officer liability insurance, also known as D&O policy, is a liability insurance which offers coverage for the personal liability of directors and officers which may arise due to wrongful acts done by them in their managerial capacity. The defence costs are covered and payable in advance under this policy before the judgement […]

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What is covered under a directors and officers Liability Insurance Policy?

Directors and Officers Liability Insurance (D&O) covers the cost of legal defense of directors, even in their individual capacity, when the company is unable to defend them. The D&O cover applies to former, present, and future members of the board of directors or any employee performing a managerial role. Usually, the directors and officers liability […]

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How can a small business cover legal fees in the case of a lawsuit?

Businesses these days are vulnerable to many lawsuits regardless of the location or industry. Small-business owners are frequently involved in defending against claims and lawsuits arising from their business operations. While doing business, small businesses interact with clients, vendors, employees, contractors, and any one of them can claim that a particular incident caused them injury […]

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What Kind of Liability Insurance Does a Consultant Need?

A consultant needs a professional liability insurance policy. Various companies hire consultants and avail their services for the growth of their business. Further, many professionals open their consultancy firms and often work either out of home or from an office suite As a consultant you or your employees would be offering a service or imparting […]

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How Much Cover Should You Take in Public Liability?

The amount of public liability cover you need depends on the kind of business you do and what kind of coverage your clients are expecting. Further, while deciding the cover, you should think about the scale of work you do along with the possible compensation amount that you would have to pay in case something […]

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What Does General Liability Insurance Policy Cover for Contractors?

In case of contractors and those who are involved in construction businesses, general liability insurance policy covers the cost of lawsuits which are filed by third-parties over bodily damage or property injury caused by their business or any of their employees. It means, if your construction business is sued, you would have to pay legal […]

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Does General Liability Insurance Cover Property Damage?

Yes, a commercial general liability insurance also covers property damage. A typical commercial general liability insurance helps in covering losses or damages which may arise due to bodily injury or property damage for which your business may be responsible for paying. Overall, a commercial general liability insurance offers coverage in case of bodily injury and […]

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What is Product Liability Insurance?

A product liability insurance is a policy which indemnifies the distributor, wholesaler and retailer against various losses or damages which could arise out of the consumption or use of products manufactured, sold or distributed by them. As a manufacturer who is supplying products, you always deal with a risk that your products could cause loss […]

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What is a Liability Umbrella Insurance Policy?

Umbrella insurance is like an extra liability insurance which safeguards you against various claims and lawsuits. Thus, it helps in protecting your assets in the following two ways= It gives additional liability coverage over and above the limits of your auto and home insurance policies. The liability umbrella insurance policy cover kicks in when the […]

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How to Calculate the Premium for Product Liability Insurance?

A product liability insurance plays an important role by covering you against various losses or damages which may arise due to consumption or use of your defected item. The premium for product liability insurance is determined on the basis of the risk posed by product along with factors like quality control procedure, exporting country, business […]

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