Port Blockage – Arising out of the Baltimore Bridge Collapse due to the impact by vessel MV Dali, there is complete shutdown of the port of Baltimore, one of the busiest ports in the United States. All inbound and outbound Read more…
The material damage provison of the LOP says there has to be an indemnifiable loss or damage under the material damage policy for the LOP claim to trigger. “……the Company agrees (subject to the Special Conditions and Exclusions contained herein Read more…
Latency refers to the time gap between the causation of injury from an accident and the consequence or outcome of the same. For instance, traumatic brain injuries (TBI) can cause progressive neurodegeneration and disability or death several weeks or months Read more…
These three insurances PRI, CPI and MRI, have a lot of similarities as well as differences. They are meant to cover situations where there is something wrong with a product that has to be recalled and/or safely disposed of. PRI Read more…
This cover is offered under personal accident policies, where the insured is usually offered 100% of the capital sum insured (CSI) in case he is permanently and totally disabled. The disability should be permanent and beyond any reasonable hope of Read more…
A bridge in Baltimore, US, known as the The Francis Scott Key Bridge collapsed today 26.03.2024, after a ship collided with it. Several vehicles fell off the bridge into the river below raising fears of loss of life and property. Read more…
Animal attacks can take various forms: 👉In one factory, rodents chewed through the wires causing short-circuiting and breakdown of an electric motor. 👉A troop of monkeys entered a factory and caused damage to the stocks lying in the warehouse. 👉A Read more…
Liability Insurance – In respect of claims made liability insurances such as Directors & Officers (D&O) or Professional Indemnity (PI) there will be provisions concerning related claims or circumstances. Explore the claims in liability insurance, delving into provisions that aggregate Read more…
In a recent report by The Economic Times, it was revealed that a staggering 27% of the cases pending in consumer courts in 2022 were related to the insurance sector. On one side of the spectrum, insurers find themselves grappling Read more…
In a product manufacturing company, liability insurance plays a major role. The shipyard is also a part of such manufacturing company. If a client buys a ship, it is the duty of the shipyard company to provide the necessary insurance Read more…
