Business Insurance Policy Provider in India

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 bee...

Running a business is not easy. You’re constantly exposed to risks of getting sued. And sometimes the legal liabilities can threat the directors and officers at the company as well. To shield such lawsuits, which might come not just from the customers but also other stakeholders like employees, directors & officers liability policy is a must-have. So, if you have a board of directors and officers, you should ideally have D&O insurance policy . If not, here are some of the common reasons they might get sued for: Discrimination at the workplace - It’s not uncommon for employees to level allegations against employers for discrimination. They may sue the directors and officers for that. D&O insurance policy can take off the burden of pursuing the legal course there. Poor product or service - It’s not possible to woo ever customer with your product. There would always be a few of them who may have complaints against your offerings. Some of them may decide to sue the directors...