Blogs

In the insurance domain, floater is a word that we come across in health insurance and property insurance. In health insurance- it indicates the coverage being available to one/all members of the family for the total sum insured in the policy. In fire or burglary insurance- it means covering properties...

In the first blog we have explored the floater cover. We have seen that the floater cover is a comfort factor for a person involved in multi-location contract work. However, we still need to address the issue of a policy cover during movement between the locations. We also need to...

The term Abandonment as used our day to day language, has a similar connotation in insurance. In an insurance policy, it refers to the right of an insured to not accept a property damaged due to a claim and abandon/leave it to the Insurer to handle. Eg If a vehicle...

A retroactive date is normally the date from which the insured had held uninterrupted professional indemnity insurance policy. The retroactive date is applied to all professional indemnity insurance policies and its objective is to prevent any claims arising from work done prior to date shown on the professional indemnity insurance...

Directors and Officers Insurance Policy (D&O) is a kind of liability insurance policy that offers coverage for court cases against Directors and Officers of a particular organisation. The policy covers mistakes and decision errors made at managerial level which may lead to unfavourable and financial loss situations for the company....