A Third-Party Administrator (TPA) is one of the most important factors to consider when purchasing a Group Health Insurance Policy for Employees. A TPA is an intermediary between the Group Health Insurance Company and the Policyholder and is responsible for issuing E-Cards for Group Health Insurance Policy, increasing network hospitals for policyholders to avail cashless […]
A Group Health Insurance Policy provides reimbursement for the hospitalization expenses incurred by the employees during the Policy Period. ICICI Lombard Group Health Insurance Policy is a comprehensive health insurance policy which provides comprehensive health insurance coverage to employees and their family members. What is ICICI Lombard Group Health Insurance Policy? ICICI Lombard General Insurance […]
A Workmen’s Compensation Insurance Policy compensates employers for their legal liability to pay compensation to the employee or their family members in case of accidental death or disablement (Permanent Total Disablement/ Permanent Partial Disablement/ Temporary Total Disablement) in the course of their employment as mandared by Workmen’s Compensation Act 1923. The Workmen’s Compensation Act 1923 […]
What is Business Interruption? Today a lot of business is conducted online. Any disruption in network systems due to a cyberattack or a ransomware attack on the company’s network systems will lead to disruption of business operations. This disruption of business operations can lead to loss of production, revenue and profits for the impacted company. […]
The liability of directors and officers in India is primarily governed by the Companies Act 2013. This article will explore the provisions of Companies Act 2013 and its impact on the liability of directors and officers in India. What is a Directors and Officers Liability Insurance Policy? A D&O Liability Insurance Policy (D&O Policy) protects […]
What is a Fire Insurance Policy? A Fire Insurance Policy is a type of property insurance policy which compensates the policyholder for loss or damage to insured assets because of fire and allied perils. The coverages in a fire insurance policy include cover for allied perils like explosion, implosion, earthquakes, storm, floods, etc. There are […]
A Third-Party Administrator (TPA) is one of the most important factors to consider when purchasing a Group Health Insurance Policy. A TPA is an intermediary between the Group Health Insurance Company and the Policyholder. A TPA is responsible for Issuing E-Cards for Group Health Insurance Policy, increasing network hospitals for policyholders to avail cashless claim […]
What is an Export Credit Insurance Policy? An Export Credit Insurance Policy is a form of Trade Credit Insurance Policy specifically focussed on the trading relationship with overseas buyers and protecting the receivables of exporters in India. An Export Credit Insurance Policy (ECI) protects an exporter of goods and services against the risk of non-payment […]
A Commercial General Liability Insurance Policy (CGL Policy) protects an insured company from claims of bodily injury or property damage caused on the business premises or because of using the company products or because of company’s operations. A Commercial General Liability Insurance a combination of Product Liability Insurance and Public Liability Insurance Policy. An important provision under […]
Today, Data Breaches have become an unfortunate reality for businesses of all sizes. The consequences of a Data Breach Incident can be devastating, with huge financial losses, reputational damage and legal liabilities. A Study by Ponemon Institute in 2022 estimated that the Cost of a Data Breach Incident averaged USD4.35 million in 2022 versus USD4.24 […]