In today’s times of increased litigation, businesses should leave no stone unturned to secure themselves. There are many things that can go wrong with a product and might expose the company to chances of a lawsuit. A Defective Product might cause Bodily Injury or Property Damage to a user of the Product. Even though the […]
Today’s volatile economic environment has increased the risks for businesses manifold. The issue of unpaid invoices is one of the biggest challenges facing many businesses today. Fortunately, there are financial instruments which can be used to mitigate the risks of non-payment of invoices and this article will explain a couple of them: Letter of Credit […]
One important feature under a Commercial General Liability Insurance Policy Coverage is cover for Supplementary Payments. This article will explain in detail all forms of Supplementary Expenses covered under a CGL Insurance Policy. What are Supplementary Expenses under a CGL Insurance Policy? A typical Commercial General Liability Insurance Policy defines Supplementary Expenses as under: Reasonable expenses (other […]
A simple claims settlement process is one of the important features of Group Health Insurance Policy and it is important for employers to understand the Claims Process under a Group Health Insurance Policy. A Group Health Insurance Claim is a request submitted by the Insured Employee under the Group Health Insurance Policy to claim reimbursement […]
Business owners invest crores of rupees in assets such as plant and machinery, buildings, offices, warehouse stocks etc. Thus, it is important to secure these assets with a Fire Insurance Policy. Fire Insurance, also known as a Standard Fire and Special Perils Insurance Policy provides reimbursement in case the insured assets are damaged by fire […]
A TPA in Group Health Insurance Policy is an independent entity licensed by Insurance Regulatory and Development Authority of India (IRDAI) to process Group Health Insurance Claims. The full form of TPA is Third Party Administrator. Group Health Insurance Providers can outsource claims processing to External TPAs or process claims by having an In-house TPA […]
Today, a Cyber Risk Insurance Policy is becoming one of the most important policies for businesses. As more and more businesses are moving from physical mode to online, the importance of a Cyber Risk Insurance Policy is also increasing manifold to secure the business from various risks. What is a Cyber Risk Insurance Policy? A […]
A Group Personal Accident Insurance Policy for Employees is an extremely important insurance policy purchased by employers to secure their employees and their family members from accidental death or disability. A Group Personal Accident Insurance Policy is also known as GPA Insurance Policy. This article will provide a detailed overview of coverages, benefits and exclusions […]
An important feature of Group Health Insurance Policy is coverage for Congenital Diseases. This article will explain the coverage for Congenital Diseases in a Group Health Insurance Policy for employees. What are Congenital Diseases? Diseases that exist since the time of birth are called Congenital diseases. A Congenital Disorder or a Congenital Disease is a […]
Employees are an organization’s most valuable resource. Therefore, paying attention to employee’s health and welfare is critical. Many organizations have comprehensive employee benefits programs such as providing employees with complete group health insurance coverage. This helps boost employee productivity and retention as well. This infographic will provide information about the claims process for a group […]