Most of the people hit the gym or fitness centres in the hope to shed that extra kilos. However, what if an accident happens at the gym and they lost their lives? That’s what happened in Mumbai where a 29-year-old National athlete died of cardiac stroke while working out in gym. Health clubs, gyms and […]
Articles Tagged: liability insurance
Environmental liability insurance (ELI) – Coverage and Benefits
The environment plays a crucial role in keeping our planet Earth healthy and thus it is our responsibility to protect the environment. With a lot of importance given to nurturing environmental consciousness, the government has formulated various environmental laws and keeps bringing new legislation related to environmental safety. Companies operating in industries like the energy […]
Insurance Sector in India – Past, Present and Future of Insurance
Growth of Insurance Sector in India has been phenomenal and sector is booming right now. There are 58 total insurance companies in the market which includes 34 non-life insurance providers. There are 25 general insurance companies, 7 standalone health insurance companies, and 2 specialised insurance providers. They have been growing at different rates over the […]
How does product recall liability policy work, and what does it cover?
Product recall is a request from the manufacturer to return a product after the discovery of safety issues. Or product defects that might endanger the consumer or put the maker/seller at risk of legal action. The product recall insurance is provided as an add-on to the product liability insurance policy. Product recall insurance within the […]
Liability insurance is offered as an add-on with home policies
Published in Livemint. Written by Abhishek Bondia We made a claim on our family health insurance, which we have been renewing for the past 10 years, in 2016 for my husband’s appendix operation. There were no claims before or after that. Will the subsequent years in which no claim was made be eligible for a […]
Why information gaps in insurance must be closed
Published in Mint on JUL 20 2016, Written by Kapil Mehta Information breathes life into our decisions. It improves industry conduct and, in insurance it reduces grossly wrong choices. At its best: information is simplified, data clutter is removed and the focus is on essential facts. Unfortunately, the insurance ecosystem—and I include hospitals in that—is still […]
Advisors take professional indemnity cover
Published in Cafemutual on 3rd September, 2015 Financial advisors are increasingly opting for professional indemnity insurance which protects them against any litigation due to errors or negligence in their practice. In case of financial advisors, such errors can occur due to judgmental errors. IFAs say that this cover has come into spotlight after The New […]
4 Situations When Your Lawyers Professional Liability Insurance Will Help You
Did you know, a case was filed against the lawyer in Bihar who sued the popular Hindu God Ram for leaving his wife, Sita? Though the court rejected the lawyer’s plea; many other lawyers had filed a case against that lawyer for hurting the religious sentiments. The purpose of highlighting this case is to make […]
4 Tips To Buy Manufacturer Liability Insurance
A manufacturer liability insurance plays an indispensable role by shielding you against lawsuits which may be filed against you by your customer who is not satisfied with your product. This may happen due to design defects, manufacturing flaws, or when the government orders the product recall. As such situations can result into heavy losses, a […]
Why Is A Gym Insurance Necessary To Keep Your Gym ‘Fit’?
As the owner of a gym or fitness centre, you are helping people in staying good health, but have you thought about the ‘health’ of your gym? As a fitness centre or health club owner, your main objective is to ensure the good health and wellness of your clients. You and your employees work closely […]