If you are a professional service provider. You know the value of managing client relations and rapport in market and how difficult it can be to maintain. A professional indemnity policy can help you to avoid damage to the image or your financial health in the case of a claim of negligence by a customer. […]
Articles Tagged: professional indemnity policy
Medical establishment insurance: Know all about professional indemnity policy
Medical establishments act as the biggest hedge against life risks, they save people during medical emergencies. Did you ever think that medical establishments (hospitals) may be at any kind of risk? Well yes, they run the risk of claims made by their patients about any kind of wrong treatment, unnecessary treatments/tests, or some form of […]
What is a retroactive date and how does it apply to a professional indemnity policy?
Most of the insurance policies that we know start their cover from a given date as stated in the policy document. Otherwise, insurers would run out of money paying past claims. However, most professional indemnity insurance works a bit differently. These professional indemnity insurances can cover incidents from the past as well. The use of […]
Insurers charge an extra premium equal to the out-patient department cover provided
Published in Mint on Oct 06, 2016, Written by Abhishek Bondia Is there any health coverage that covers medical tests as well, or is it only for hospitalization? I need to do medical tests on a regular basis due to diabetes. —Arjun Singh There are several health insurance plans that provide outpatient (OPD) coverage. Under […]
Insurance companies cover laptops on an ‘all risk’ basis
Published in Mint on 8th July 2014, Written by Abhishek Bondia I plan to get a compressed natural gas (CNG) kit installed in my car. How can the car be insured? —Tanmay Bhatt Motor policies can insure cars fitted with CNG kits. You will be charged an additional premium. Your insurer will provide the exact […]