Blogs

AOA in the professional indemnity policy refers to Any One Accident. This means that AOA limit in the insurance policy is set for one or more than one series of claim which may occur due to the same mistake or error in professional given by the policy holder. AOY is...

Wouldn’t it be amazing if we could go back in time and rectify our past? It would save us from unprecedented misery and brighten up our future. Many a times mistakes done in the past unknowingly come to haunt us in our present and future. Such situations may has grave...

What is Public Liability? The phrase Public liability indicates a potential liability to a member of public i.e. a person who is not in any way connected to you by way of a contractual arrangement. The distinction from your employees/ business associates is obvious. So, the eventuality of a visitor to...

Before we proceed to the next step of selecting limits of cover in a liability policy, we need to keep certain basics in mind: 1. For the mandatory/semi-mandatory policies - limits may already be specified in the norms - e.g. PLI Act, 1991 or wages of employees in Employee Compensation policy....

It is difficult to imagine a business which does not require liability insurance in some form or the other. Large businesses of course have a need for this policy; but it is the medium or the small scale business which is more at risk. A large business may have a...