Business organizations face continuous financial risks because dishonest employee actions cause major financial loss. The combination of strict and comprehensive policies for hiring and control measures fails to stop employee fraud and theft and embezzlement occurrences. All operating businesses currently Read more…
One of the largest multinational corporations in the world has been in the news lately. They are facing a 100-million-pound lawsuit in the UK over claims that their COVID-19 vaccines caused deaths and injuries to several people. They admitted in Read more…
Role of exceptions in an insurance policy? Background: The case involves a dispute between M/S Shivram Chandra Jagarnath Cold and The New India Assurance Company Limited, originating from a judgement by the National Consumer Disputes Redressal Commission (NCDRC) dated 14 Read more…
The Importance of Professional Indemnity Policy for Small IT Companies In today’s digital age, small IT companies play a crucial role in driving innovation and supporting businesses across various industries. However, with great responsibility comes the potential for significant risk. Read more…
In ancient times verbal agreements were the norm. As civilizations evolved, written contracts became increasingly prevalent, and the law began to recognize their enforceability. Contracts serve as the backbone of commercial and personal transactions, outlining the rights and obligations of 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…
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…
The ongoing Israel-Hamas conflict has sent shockwaves worldwide, not only due to its geopolitical implications but also because of the unforeseen consequences it brings to various industries. This comprehensive blog post delves into the less-discussed impact of the conflict on Read more…
Ports and terminals play a vital role in global trade and commerce, serving as gateways for the movement of goods and cargo. However, these bustling hubs face various risks that can impact their operations, financial stability, and reputation. To safeguard Read more…
