Business Insurance Policy Provider in India

Indeed you have created a great product. However, what if that product causes injury to the customer or results in damaging the customer’s property? It can happen – and it has happened with many companies. For example, a few years ago, instances of smartphones of a particular brand catching fire were quite prevalent. That brand got sued by many. Imagine something happening with you as well? Because while as great as your product is, you can never be sure if things can’t go wrong. This is where – and for what – you need product liability insurance. Product liability insurance provides coverage against legal liabilities that result from your product causing accidental physical injury to a third party and/or accidental damage to the property of the third party. In case if anyone sues you for your products for the said reason, the insurance will pay for the legal charges you would incur in defending yourself at the court. The insurance will also pay for the medical costs of the third-party

  Unlike, say, public liability insurance and errors & omissions (E&O) insurance, not every company needs group travel insurance. This makes things a bit trivial. Many companies who should invest in this policy end up wondering and questioning the importance of group travel medical insurance. Many even forgo the key factors and decide not to buy this policy – only to end up regretting later of course. So, does your company need group travel insurance? In general, if you or your employees travel for business purposes, you definitely need group travel medical insurance . However, how big (or small) this coverage should depend on several factors, like how often your team travels, where do they travel, what are their risk exposures, and so forth. Quantifying such factors to figure how much coverage you should have is a challenge. This is where getting help from licensed insurance brokers can be a good idea. Connect with an experienced insurance broker that specializes in business i

Hiring new employees is a costly affair. You have to onboard someone new, train them, accommodate them in the work culture and then, in the subsequent months – provided everything went well – the new employees start performing at peak.  It takes a lot of time for a new team member to match the performance of an employee who has been in the company for a long time. This translates into financial leakages for the organization. This is why it’s always a better idea to focus on and ensure higher employee retention. It’s cost-effective, it’s financially beneficial and, most importantly, the old employees shape a culture that enables growth and prosperity for the organization. But, of course, retaining employees is easier said than done. Here are three simple tips though that will help boost your employee retention: 1. Offer remote working option  We’re in 2021. On the backdrop of a pandemic, a large section of the corporate world is working from home. Even when we get back to the ‘pre-COVID

Commercial general liability insurance is among the first business insurance policies you should buy. Irrespective of the kind of business you run, it’s important to protect your business against legal liabilities. But before you rush to buy it, you must do proper research about it so as to make an informed decision. After all, when buying a commercial general liability insurance policy, there are a host of factors that must be considered, including and most importantly its coverage. What exactly does general liability covers in a commercial insurance?  Does it map to your unique needs and requirements? Would you need to add any extensions? What would be its premium?  These are key questions that must be addressed from the go.  What it covers?  Coming to its coverage, commercial general liability insurance provides protection against legal liabilities due to bodily injury or damage to property that happened as a result of the business operations.  So, if someone sues your business, the

With the number of cyber-attacks on the rise, almost every business even with a small digital footprint should buy cyber risk insurance. But before you actually rush to buy it, it’s important to have a fair idea about this policy. Because while it has many benefits, it has its own set of  limitations just like any other business insurance like D&O insurance.   Business Insurance · What Are The Advantages And Limitations Of Cyber Security Insurance? Talking about the advantages, cyber risk insurance provides wide coverage for both first and third-party losses. If you have been cyber-attacked, the insurance will cover directs costs resulting from business interruption, extortion, theft, regulatory fines, data loss, and crisis management. To that, it will also cover third-party liabilities, like breach notification costs, data privacy and litigation costs, privacy liability coverage, and media liability coverage. For instance, if one of your customers whose data has been compromised

Cybercrime will cost $6 trillion by 2021. The number of such attacks is increasing – and they are getting more sophisticated in nature. The criminals are now able to bypass even robust security measures.  This is a clear indication as to why business owners must invest in cyber security insurance. If their system gets attacked, they will lose money. Depending on the severity of this attack, it can cost them huge to a point that they may even have to shut down the business. There are numerous such examples where the company had to shut following the cyber-attack. More, there are several indirect costs attached to cyber-attack. For instance, if there’s an incident of data breach wherein your customers’ data has been leaked, those customers may decide to sue you for this. Further, incidents such as these hurt the company’s reputation and diminish public’s trust in that brand. This leads to poor revenue.  Business Insurance · Why Is Cyber Insurance A Necessity For Business Owners? So, cyb