In today’s digital age, businesses are becoming increasingly vulnerable to cyberattacks and data breaches. A Cyberattack can cause huge financial losses and reputational damage. In order to safeguard against the impact of cyberattacks, businesses are increasingly looking to secure themselves with a Cyber Insurance Policy. A Cyber Liability Insurance Policy protects the Insured Company against […]
In today’s world where misleading claims about products are rampant, Product Liability has assumed more importance than ever. The Indian Consumer Protection Act, 2019 has for the first time defined Product Liability. This article will provide a detailed overview of the Indian Consumer Protection Act, 2019 and its impact on product liability and role of […]
About New India Assurance Company New India Assurance Company is a leading General Insurance Company in India. The company was founded by Sir Dorabji Tata in 1919. The company has a presence in 28 countries with more than 2000 offices. What is a Group Health Insurance Policy? A Group Health Insurance Policy for employees pays for the […]
A Directors & Officers Liability Insurance Policy protects directors and officers of a company against lawsuits alleging a wrongful acts committed by them in their managerial capacity. A Wrongful Act can constitute Breach of Fiduciary Duty, Negligence, Error or Omission or Misleading Statement or Misstatement. It may also cover claims related to employment practices, such […]
In today’s digital age, the threat of Cyberattacks is increasing by the day and the number of Cyber Incidents has been on an upswing since the last few years. The cost of cyberattacks is also increasing every year. Also, big companies and small companies alike have been victims of cyberattacks in last few years. A Cyberattack […]
A Trade Credit Insurance Policy is an essential risk management tool for businesses that sell goods or services on credit. A Credit Insurance Policy provides protection against the risk of non-payment by the customers. In a global economy, where trade involves transactions between multiple parties, a Trade Credit Insurance policy offers peace of mind and […]
On 23rd November, 2022, AIIMS, India’s leading medical Institute was a victim of Ransomware attack which led to a shutdown of their systems and all processes had to go manual. It took 2 weeks for the infected systems to come online back again. The attackers had encrypted the data and allegedly demanded Rs200 Crores in […]
Institute Cargo Clauses are the foundation of a Marine Cargo Insurance Policy. It is extremely important to understand the Institute Cargo Clauses in detail so that we understand the coverages and exclusions. There are 3 sets of Institute Cargo Clauses providing different levels of protection: Institute Cargo Clauses – A (ICC-A 2009 Clauses) Institute Cargo […]
One of the important points while purchasing a Group Health Insurance Policy is to select a Third-Party Administrator (TPA). It’s essential to choose a Third-Party Administrator (TPA) who can provide efficient and reliable services. Paramount TPA is one of the leading IRDAI approved TPAs in India and this blog will provide a detailed overview on […]
A Directors and Officers Liability Insurance Policy protects the Board Members, Officers, and other executives of a company from claims of Wrongful Acts committed in their managerial capacity. A Wrongful Act in a D&O Policy can be a Breach of Duty, Neglect, Error or Omission, Misstatement, or Misleading Statement. The D&O Liability Insurance Policy provides cover […]