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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What is Run Off Cover in Professional Indemnity Insurance?

In a professional indemnity insurance, a run off cover is there to safeguard you against those losses or damages which may arise after your professional or business has ceased to trade. If you have been involved in providing professional services, ongoing professional indemnity insurance is essential. Moreover, you could also remain liable for claims which […]

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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 is Liability Insurance?

Liability insurance is a part of the commercial insurance which is there to protect the purchaser of the policy (i.e. policyholder) from the various risks of liabilities which can arise from lawsuits and similar claims. There are various types of liability insurance policies, like cyber risk, directors & officers’ liability insurance, product liability, etc. If […]

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What are the different types of liability insurance?

A liability insurance policy offers to cover the business owners, professionals and self-employed people against the cost of compensation claims due to malpractice, injury or negligence. There are different types of liability insurance policies as mentioned below: 1) Commercial general liability (CGL) policy: A CGL policy protects the businesses against the claims arising out of […]

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How does Professional Indemnity Insurance Benefit the IT Firms?

With the Professional Indemnity Insurance, IT Firms get the cover for legal expenses and cost occurred with any claim filed against them by any of their clients. The primary goal of a professional indemnity insurance is to safeguard IT professionals against any financial losses from lawsuits, which can be raised against them by their clients […]

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Stock Brokers hike cover to up to 10 crore after Emkay episode

Many stock brokers have raised their insurance coverage to up to 10 crore and extended their mandatory broker indemnity policy to cover fat finger errors similar to the one that caused Mumbai-based brokerage Emkay to take a Rs 51-crore hit on its books. Emkay GlobalBSE -6.17 % received only Rs 95 lakh as insurance against the […]

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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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What are the Clauses Under Errors and Omissions Insurance Policy?

Errors and omissions insurance or professional indemnity cover offers protection to the company and its subsidiaries against various claims which can arise in respect of negligence, errors or omissions while discharging their professional services. Every professional, irrespective of in which domain he/she is working, should purchase errors and omissions insurance policy. While taking the policy, […]

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