Insurance Advisory

WHAT IS KEYMAN INSURANCE POLICY? A Keyman Insurance Policy (“Policy”) is a life insurance policy that a business purchases on the life of an individual employee or stakeholder deemed essential to the organisation’s operations. This individual may be a founder, CEO, CFO, or other critical contr...

What is Public Offering of Securities Insurance Policy? An increasing number of businesses are exploring the option of raising capital through an Initial Public Offering (“IPO”) to support growth, expansion and other business objectives. An IPO is a process through which a private company offers...

1. Overview Contractor’s All Risk Insurance (CAR Insurance) offers project-specific protection against material damage and third party liability during construction. In India’s expanding infrastructure landscape, it functions as a key contractual and risk mitigation tool, safeguarding stakeholde...

Principle of Subrogation Subrogation is a legal principle that allows a person, often an insurance company in an insurance contract, to step into the shoes of the other person (typically the policyholder/ insured) in order to pursue a claim against a third party (who is responsible for a loss or dam...

SCOPE OF PUBLIC LIABILITY INSURANCE ACT AND IF THE INSURANCE POLICY IS MANDATORY IN NATURE: The Public Liability Insurance Act of 1991 (“Act”) is a pioneering legislative mechanism which has been designed to address the complex challenges of industrial safety and victim compensation. This Act wa...

Understanding Additional Insured: Customer contracts often require the policy holder to add the customer as additional insured to the service provider’s insurance policy. An additional insured is an individual or entity that is added to an insurance policy of existing entity to extend the coverage...

What is an ‘Exclusion’ under insurance policies? An exclusion, simply put, is the liability or risk which an insurance company would not cover. It is a settled principle that insurance contracts exclude: (i) intentional or deliberate acts or omissions which are known by the insured would result ...

Does Commercial Crime Insurance And Cyber Insurance Overlap? In today’s rapidly evolving business landscape, companies face an increasing range of risks, particularly from commercial crime and cyber threats. Commercial Crime Insurance protects companies from the losses resulting from direct lo...