Event insurance
Film and Television Producers Package Insurance
Sports Insurance
Cyber Risk Insurance
Media Liability
Contractors All Risk
Erection All Risk Insurance
Directors’ and Officers’ liability
Commercial General Liability
Terrorism Insurance
Directors’ and Officers’ Liability insurance provides cover for
1. Personal liability arising out of a wrongful act
2. The entity for reimbursement of those Directors and Officers
3. The entity for liability arising out of securities related lawsuits
Policies are underwritten on a worldwide jurisdiction basis to clients domiciled around the world.
We advise organizations in diverse industry segments and offer tailored solutions to suit individual clients’ needs.
NEED FOR D&O
As a member of the board or an executive officer of a company, you may be personally held liable for any actual or alleged breach of duty, trust, breach warranty, authority, neglect, errors, misstatement, or omissions by anyone in company and can be sued for transactions alleging in financial losses. Exposure varies from shareholders, creditors, business partners, competitors, regulators and employees.
COVERAGE
The policy reimburses the company to the extent it has been insured with respect of such claims, under its Articles of Association or any other contract that effects its Directors and Officers.
Employee practices liability insurance is of utmost importance for any business. This type of policy provides coverage to a business in relation to its employees in relation to age, sex, harassment, disability, breach of contract, wrongful termination or race.
Large businesses often have multiple EPLI policies to equip them in handling lawsuits filed against their favour. EPLI helps a business in decreasing its chances of being targeted in a lawsuit. Unfortunately, small businesses overlook the importance such policies.
Insurance providers during any proposal, thoroughly review a company’s employment practice and makes sure necessary amendments are implemented prior to the contract.
EPLI provides protection against many kinds of employee lawsuits, including coverage of claims arising from:
  • Sexual harassment
  • Discrimination
  • Wrongful termination
  • Breach of employment contract
  • Negligent evaluation
  • Failure to employ or promote
  • Wrongful discipline
  • Deprivation of career opportunity
  • Wrongful infliction of emotional distress
  • Mis-management of employee benefit plans
This policy protects your business from financial losses, includes legal costs and compensations arising from property damage or bodily injury caused to any third party due to –
  • The services rendered
  • In-course of business operations
  • Negligence of any employee
  • Includes, non-professional neligent acts: Up to the precribed limits fore-mentioned by the policy
Claims may arise
  • While visiting your business, a customer trips on loose flooring and is injured.
  • An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.
  • A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.
Standard CGL includes :
Coverage A: Bodily injury and property damage
This cover provides protection against losses from the legal liability for bodily injury or property damage to others arising out of non-professional negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.
Coverage B: Personal and advertising injury
Personal and advertising injury protects an insured against liability arising out of offences, such as:
  • Libel
  • Slander
  • False arrest
  • Infringing on another’s copyright
  • Malicious prosecution
  • Use of another’s advertising idea
  • Wrongful eviction, entry or invasion of privacy
Coverage C: Medical Payments
Medical payments includes limited coverage for injuries sustained by a non-employee caused due to an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. CGL pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations.
Claims Made V/s Occurrence Based policy
" A ‘Claims Made Policy’ is where the claim would occur and has to be lodged within the policy period. This is usually given in conventional CGL policy & would only become relevant when the policy is not renewed subsequently. "
" Occurrence Based Policy is relevant to CGL Policy where the claims, which have taken place during the currency of the policy, can be lodged even after the expiry of the policy period, even if the policy is not renewed "
Cyber Insurance is designed to protect commercial businesses against a wide range of first and third-party liability occurring out of cyber exposures associated with e-business, internet, networks and information assets. Companies with access to private & confidential information about their customers have a responsibility to keep it secure. Equally, companies who have a web presence or a dependency on technology have emerging content and transactional exposures. Cyber risk is steadily increasing concerns around data security affecting hundreds of millions of records a year and reporting of breaches continue to rise at a dramatic rate. The introduction of viruses and unauthorized access are well known examples.
Policy Features
First Party Cover:
  • E-Theft is a loss incurred in the process of transferring funds or property or any given value, due to the fraudulent input of data into a computer system or through a network into a computer system.
  • E-communication is a loss caused due to a customer having transferred funds or property or given any value, on the faith[1] of any fraudulent communication for which loss you are held legally liable.
  • E-Threat exemplifies loss including the cost of a professional negotiator and any payment made or any fund or property surrender intended as an extortion payment.
  • E-Vandalism covers losses even when the vandalism is caused by an employee.
  • E-Business interruption including extra expenses
  • Privacy Notification Expenses including the cost of credit monitoring services or similar services for affected customers. (Subject to a sub limit)[2]
  • Crisis Expenses including the cost of public relations consultants. (Subject to a sub limit) .
  • Crisis Expenses including the cost of public relations consultants. (Subject to a sub limit) .
Third party liability:
  • Disclosure Liability including customer claims due to system security failures resulting in unauthorized access to or dissemination of private information on the Internet.
  • Content Liability including claims for intellectual property, trademark and copyright infringement.
  • Reputational Liability includes claims alleging disparagement of products or services, libel, slander, defamation and invasion of privacy.
  • Conduit Liability including claims arising from system security failures that result in harm to third-party systems.
  • Impaired Access Liability includes claims due to system security failure resulting in systems being unavailable to customers.
  • Defense Costs cover any cost incurred in defending any claim brought by a government agency or licensing or regulatory organization.
  • Defence Costs in advance of the final disposition of any cyber liability claim and within 30 days of receipt of invoice for such costs.
  • Claims definition includes Extradition proceedings.
  • Prior Notice Exclusion: Excludes prior notice of a fact or circumstance that has been accepted by the previous insurer rather than notice given.
  • Full Severability of Exclusions : Knowledge of one Insured Person is not imputed to another and only knowledge possessed by the Chief Executive Officer, Chief Financial Officer or the Chief Operating Officer of the Organization will be imputed to the Organization.
Technology companies face unique risks and require specific insurance coverages to protect their business from financial loss. Technology professional indemnity insurance is a key element of risk management for a technology company in today’s world.
E&O insurance covers your legal liability arising from professional services in the event of a third party claim stemming from professional negligence. Professionals may owe a duty of care to anybody who might reasonably rely upon the service or advice they have provided. In today’s commercial world, clients expect high standards of service and are more inclined to resort to litigation when such standards have not been met.
Typical reasons that professional indemnity claims are made against a technology company include:
  • Programming error
  • Poor customer communication
  • Problems with large integration/installation projects
  • Development problems
  • Problems with combining or integrating software or hardware components
  • Customer changing project scope (often referred to as “project creep”)
  • Turnover of key personnel
  • Short cuts during testing
  • Poor accounts receivable controls that require the tech company to sue their customer for fees owed and this results in a countersuit for negligence in the performance of the tech services/products
  • Shortfall in externally furnished products or externally performed tasks
Scope of Cover:
  • The Policy: provides indemnity for losses arising from civil liability (including liability for claimant’s costs and expenses incurred) arising in connection with your professional services including:
    • Breach of professional duty
    • Infringement of copyright or intellectual property rights
    • Breach of confidentiality
    • Defamation – and other types of civil liability.
  • Insured Person: cover extends to include you, partners (or members of limited liability partnerships), directors, employees and their personal representatives in the event of death, incapacity, insolvency or bankruptcy.
  • Fraud and Dishonesty Cover: liability of your business to any third party resulting from fraudulent or dishonest conduct.
  • Lost Documents Cover: costs of replacing or restoring documents lost or damaged ‘in transit’ or in your custody.
  • Specialist Consultants Cover: claims resulting from any wrongful act of your specialist consultants, designers or subcontractors engaged in the performance of your professional services.
A construction site is susceptible to all sorts of accidents. Losses can mount from pilferage, theft, damage, legal claims and more. This policy provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, damage that happens during a renovation, damage to temporary work erected on-site and physical loss or damage to the contract works, construction plant & equipment or machinery. CAR insurance coverage is common for such construction projects as buildings, water tanks, sewage treatment plans, flyovers and airports.
Typically, both contractor and employer jointly take out CAR insurance policies, with other parties such as financing companies having the option of being named to the policy. Because multiple parties are included in the policy, each can retain the right to file a claim against the insurer, although all parties have the duty of informing the insurer of any injuries and damages that may result in a claim.
Coverages:
Risks often covered under a CAR policy include Fire perils, flood, earthquakes, water damage and mold, construction faults and negligence. They typically do not cover normal wear and tear, willful negligence or poor workmanship.
The policy can also be expanded to cover the following events:
  • Additional custom duty
  • Air freight
  • Damage to surrounding property
  • Debris removal
  • Escalation
  • Loss due to breakage of glass
  • Maintenance visits
  • Provision for escalation
  • Terrorism
  • Architect and Surveyor Fees
  • Third-party liability
Insured’s legal liability for compensation in respect of personal injury or property damage to third parties arising from the contract works is covered
A maintenance period is usually incorporated in most CAR policies and it is normal for the policy to cover this period in addition to the period of construction. The maintenance cover is for loss or damage to the works occurring during the maintenance period stipulated in the provisions of the maintenance clauses in the contract relating to the works.
The cover begins from the start except for items of Construction Plant and the like. These are generally covered only after they have been unloaded at the site. The cover terminates when the completed project is handed over or any completed part is taken over or put into service.
EAR policies are designed to cover the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury (BI) or property damage (PD) arising out of these operations.
Examples of the types of projects for which EAR coverage is typically purchased include power plants, manufacturing and fabrication facilities, water and wastewater treatment facilities, and telecommunications centers (particularly where the erection of signal towers is involved). Some insurers combine EAR and contractors all risks (CAR) coverages into one form. Although these terms are sometimes used interchangeably, there are some substantive differences.
Coverage :
  • Fire, explosion, lightning, aircraft damage
  • Earthquake, Flood, storm, cyclone, landslide and allied perils
  • Riot, strike, malicious act
  • Faults in erections
  • Faulty workmanship,
  • Negligence, lack of skill, lack of experience
  • Excess pressure or vacuum, destruction due to centrifugal force
  • Burglary and theft
  • Human errors, act of negligence
  • Electrical and mechanical breakdown
  • Short circuiting, arcing, excess voltage
  • Collapse, damage due to foreign objects, impact damages
  • Any other sudden, unforeseen, accidental damages not explicitly excluded
EAR insurance cover can be extended to cover the following:
  • Removal of Debris
  • Surrounding property
  • Errors and Omissions
  • Loss minimization expenses
  • Professional Fees
  • Automatic Reinstatement of Sum Insured
  • Expediting Expenses
  • Prevention of Access
  • Offsite storage and fabrication
  • Removal to place of safety
  • Time Adjustment (72 Hours clause)
  • Waiver of subrogation
  • Free issue materials
  • Extended Maintenance etc.
Directors’ and Officers’ Liability insurance provides cover for
1. Personal liability arising out of a wrongful act
2. The entity for reimbursement of those Directors and Officers
3. The entity for liability arising out of securities related lawsuits
Policies are underwritten on a worldwide jurisdiction basis to clients domiciled around the world.
We advise organizations in diverse industry segments and offer tailored solutions to suit individual clients’ needs.
NEED FOR D&O
As a member of the board or an executive officer of a company, you may be personally held liable for any actual or alleged breach of duty, trust, breach warranty, authority, neglect, errors, misstatement, or omissions by anyone in company and can be sued for transactions alleging in financial losses. Exposure varies from shareholders, creditors, business partners, competitors, regulators and employees.
COVERAGE
The policy reimburses the company to the extent it has been insured with respect of such claims, under its Articles of Association or any other contract that effects its Directors and Officers.
  • An outside or non-executive or independent director in a company is also covered.
  • The policy can additionally be endorsed to cover the directors and officers of its subsidiaries, including those acquired or created during the policy period.
  • Specific coverage can be afforded to directorships held in outside boards/ nominee directorships held at the request of the company.
  • Defence costs shall be payable under alleged criminal cases, if the directors and officers are finally acquitted of the wrongful act.
  • The wrongful act is that are discovered after the director leaves the company.
  • Incase of a director’s death, the insurer will defend the director and prevent spillover liabilities from affecting their heirs, estates and legal representatives.
This policy protects your business from financial losses, includes legal costs and compensations arising from property damage or bodily injury caused to any third party due to –
  • The services rendered
  • In-course of business operations
  • Negligence of any employee
  • Includes, non-professional neligent acts: Up to the precribed limits fore-mentioned by the policy
Claims may arise
  • While visiting your business, a customer trips on loose flooring and is injured.
  • An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.
  • A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.
Standard CGL includes :
Coverage A: Bodily injury and property damage
This cover provides protection against losses from the legal liability for bodily injury or property damage to others arising out of non-professional negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.
Coverage B: Personal and advertising injury
Personal and advertising injury protects an insured against liability arising out of offences, such as:
  • Libel
  • Slander
  • False arrest
  • Infringing on another’s copyright
  • Malicious prosecution
  • Use of another’s advertising idea
  • Wrongful eviction, entry or invasion of privacy
Coverage C: Medical Payments
Medical payments includes limited coverage for injuries sustained by a non-employee caused due to an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. CGL pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations.
Claims Made V/s Occurrence Based policy
" A ‘Claims Made Policy’ is where the claim would occur and has to be lodged within the policy period. This is usually given in conventional CGL policy & would only become relevant when the policy is not renewed subsequently. "
" Occurrence Based Policy is relevant to CGL Policy where the claims, which have taken place during the currency of the policy, can be lodged even after the expiry of the policy period, even if the policy is not renewed "
In today’s volatile world, after the occurence of events such as the Mumbai Taj Mahal palace attack, 2013 Hyderabad Blast and other terrorist strikes around the world, global terrorism coverage is essential. This product offers a global solution to the risk of damage caused by act of terrorism.
A terrorist attack can occur anytime, anywhere, with devastating consequences impacting not only those directly targeted but also those operating within the surrounding community. With the right protection, these damages an be limited and the security of having an insurance cover is comforting.
Businesses do not need to be specifically targeted to suffer the impact of a terrorist attack.
ISIS continues to threaten India as primary target. Recent terrorist attacks in the United States, Canada, France, Brussels and the United Kingdom illustrate ] the ongoing risk, harm and frequency of global terrorism.
Coverages:
  • Covers worldwide property damage – Commercial and Residential resulting from terrorism and sabotage, including the risk of business interruption;
  • The coverage also includes debris removal costs.
  • Covers ingress/egress and service i
  • This coverage is provided either on full value or first loss basis as requested by the client
  • Material Damage – On all real & personal property of the insured or in insured’s care or custody or control or held by Insured in trust or commission for which they are responsible whilst situated at the specified locations including but not limited to building, contents, equipment, machinery, furniture, fixtures, fittings, plinth & foundation, road, leasehold improvements, stock, office c
  • Gross Profit / Rental / Revenue insured.
  • Loss due to denial of access by civil or military order.
  • Contingent business interruption.
  • Looting following an insured event.
  • Loss of valuable papers and records.
  • Increased cost of construction.
  • Professional fees.
Directors’ and Officers’ Liability insurance provides cover for
1. Personal liability arising out of a wrongful act
2. The entity for reimbursement of those Directors and Officers
3. The entity for liability arising out of securities related lawsuits
Policies are underwritten on a worldwide jurisdiction basis to clients domiciled around the world.
We advise organizations in diverse industry segments and offer tailored solutions to suit individual clients’ needs.
NEED FOR D&O
As a member of the board or an executive officer of a company, you may be personally held liable for any actual or alleged breach of duty, trust, breach warranty, authority, neglect, errors, misstatement, or omissions by anyone in company and can be sued for transactions alleging in financial losses. Exposure varies from shareholders, creditors, business partners, competitors, regulators and employees.
COVERAGE
The policy reimburses the company to the extent it has been insured with respect of such claims, under its Articles of Association or any other contract that effects its Directors and Officers.
Employee practices liability insurance is of utmost importance for any business. This type of policy provides coverage to a business in relation to its employees in relation to age, sex, harassment, disability, breach of contract, wrongful termination or race.
Large businesses often have multiple EPLI policies to equip them in handling lawsuits filed against their favour. EPLI helps a business in decreasing its chances of being targeted in a lawsuit. Unfortunately, small businesses overlook the importance such policies.
Insurance providers during any proposal, thoroughly review a company’s employment practice and makes sure necessary amendments are implemented prior to the contract.
EPLI provides protection against many kinds of employee lawsuits, including coverage of claims arising from:
  • Sexual harassment
  • Discrimination
  • Wrongful termination
  • Breach of employment contract
  • Negligent evaluation
  • Failure to employ or promote
  • Wrongful discipline
  • Deprivation of career opportunity
  • Wrongful infliction of emotional distress
  • Mis-management of employee benefit plans
This policy protects your business from financial losses, includes legal costs and compensations arising from property damage or bodily injury caused to any third party due to –
  • The services rendered
  • In-course of business operations
  • Negligence of any employee
  • Includes, non-professional neligent acts: Up to the precribed limits fore-mentioned by the policy
Claims may arise
  • While visiting your business, a customer trips on loose flooring and is injured.
  • An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.
  • A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.
Standard CGL includes :
Coverage A: Bodily injury and property damage
This cover provides protection against losses from the legal liability for bodily injury or property damage to others arising out of non-professional negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.
Coverage B: Personal and advertising injury
Personal and advertising injury protects an insured against liability arising out of offences, such as:
  • Libel
  • Slander
  • False arrest
  • Infringing on another’s copyright
  • Malicious prosecution
  • Use of another’s advertising idea
  • Wrongful eviction, entry or invasion of privacy
Coverage C: Medical Payments
Medical payments includes limited coverage for injuries sustained by a non-employee caused due to an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. CGL pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations.
Claims Made V/s Occurrence Based policy
" A ‘Claims Made Policy’ is where the claim would occur and has to be lodged within the policy period. This is usually given in conventional CGL policy & would only become relevant when the policy is not renewed subsequently. "
" Occurrence Based Policy is relevant to CGL Policy where the claims, which have taken place during the currency of the policy, can be lodged even after the expiry of the policy period, even if the policy is not renewed "
Cyber Insurance is designed to protect commercial businesses against a wide range of first and third-party liability occurring out of cyber exposures associated with e-business, internet, networks and information assets. Companies with access to private & confidential information about their customers have a responsibility to keep it secure. Equally, companies who have a web presence or a dependency on technology have emerging content and transactional exposures. Cyber risk is steadily increasing concerns around data security affecting hundreds of millions of records a year and reporting of breaches continue to rise at a dramatic rate. The introduction of viruses and unauthorized access are well known examples.
Policy Features
First Party Cover:
  • E-Theft is a loss incurred in the process of transferring funds or property or any given value, due to the fraudulent input of data into a computer system or through a network into a computer system.
  • E-communication is a loss caused due to a customer having transferred funds or property or given any value, on the faith[1] of any fraudulent communication for which loss you are held legally liable.
  • E-Threat exemplifies loss including the cost of a professional negotiator and any payment made or any fund or property surrender intended as an extortion payment.
  • E-Vandalism covers losses even when the vandalism is caused by an employee.
  • E-Business interruption including extra expenses
  • Privacy Notification Expenses including the cost of credit monitoring services or similar services for affected customers. (Subject to a sub limit)[2]
  • Crisis Expenses including the cost of public relations consultants. (Subject to a sub limit) .
  • Crisis Expenses including the cost of public relations consultants. (Subject to a sub limit) .
Third party liability:
  • Disclosure Liability including customer claims due to system security failures resulting in unauthorized access to or dissemination of private information on the Internet.
  • Content Liability including claims for intellectual property, trademark and copyright infringement.
  • Reputational Liability includes claims alleging disparagement of products or services, libel, slander, defamation and invasion of privacy.
  • Conduit Liability including claims arising from system security failures that result in harm to third-party systems.
  • Impaired Access Liability includes claims due to system security failure resulting in systems being unavailable to customers.
  • Defense Costs cover any cost incurred in defending any claim brought by a government agency or licensing or regulatory organization.
  • Defence Costs in advance of the final disposition of any cyber liability claim and within 30 days of receipt of invoice for such costs.
  • Claims definition includes Extradition proceedings.
  • Prior Notice Exclusion: Excludes prior notice of a fact or circumstance that has been accepted by the previous insurer rather than notice given.
  • Full Severability of Exclusions : Knowledge of one Insured Person is not imputed to another and only knowledge possessed by the Chief Executive Officer, Chief Financial Officer or the Chief Operating Officer of the Organization will be imputed to the Organization.
Technology companies face unique risks and require specific insurance coverages to protect their business from financial loss. Technology professional indemnity insurance is a key element of risk management for a technology company in today’s world.
E&O insurance covers your legal liability arising from professional services in the event of a third party claim stemming from professional negligence. Professionals may owe a duty of care to anybody who might reasonably rely upon the service or advice they have provided. In today’s commercial world, clients expect high standards of service and are more inclined to resort to litigation when such standards have not been met.
Typical reasons that professional indemnity claims are made against a technology company include:
  • Programming error
  • Poor customer communication
  • Problems with large integration/installation projects
  • Development problems
  • Problems with combining or integrating software or hardware components
  • Customer changing project scope (often referred to as “project creep”)
  • Turnover of key personnel
  • Short cuts during testing
  • Poor accounts receivable controls that require the tech company to sue their customer for fees owed and this results in a countersuit for negligence in the performance of the tech services/products
  • Shortfall in externally furnished products or externally performed tasks
Scope of Cover:
  • The Policy: provides indemnity for losses arising from civil liability (including liability for claimant’s costs and expenses incurred) arising in connection with your professional services including:
    • Breach of professional duty
    • Infringement of copyright or intellectual property rights
    • Breach of confidentiality
    • Defamation – and other types of civil liability.
  • Insured Person: cover extends to include you, partners (or members of limited liability partnerships), directors, employees and their personal representatives in the event of death, incapacity, insolvency or bankruptcy.
  • Fraud and Dishonesty Cover: liability of your business to any third party resulting from fraudulent or dishonest conduct.
  • Lost Documents Cover: costs of replacing or restoring documents lost or damaged ‘in transit’ or in your custody.
  • Specialist Consultants Cover: claims resulting from any wrongful act of your specialist consultants, designers or subcontractors engaged in the performance of your professional services.
A construction site is susceptible to all sorts of accidents. Losses can mount from pilferage, theft, damage, legal claims and more. This policy provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, damage that happens during a renovation, damage to temporary work erected on-site and physical loss or damage to the contract works, construction plant & equipment or machinery. CAR insurance coverage is common for such construction projects as buildings, water tanks, sewage treatment plans, flyovers and airports.
Typically, both contractor and employer jointly take out CAR insurance policies, with other parties such as financing companies having the option of being named to the policy. Because multiple parties are included in the policy, each can retain the right to file a claim against the insurer, although all parties have the duty of informing the insurer of any injuries and damages that may result in a claim.
Coverages:
Risks often covered under a CAR policy include Fire perils, flood, earthquakes, water damage and mold, construction faults and negligence. They typically do not cover normal wear and tear, willful negligence or poor workmanship.
The policy can also be expanded to cover the following events:
  • Additional custom duty
  • Air freight
  • Damage to surrounding property
  • Debris removal
  • Escalation
  • Loss due to breakage of glass
  • Maintenance visits
  • Provision for escalation
  • Terrorism
  • Architect and Surveyor Fees
  • Third-party liability
Insured’s legal liability for compensation in respect of personal injury or property damage to third parties arising from the contract works is covered
A maintenance period is usually incorporated in most CAR policies and it is normal for the policy to cover this period in addition to the period of construction. The maintenance cover is for loss or damage to the works occurring during the maintenance period stipulated in the provisions of the maintenance clauses in the contract relating to the works.
The cover begins from the start except for items of Construction Plant and the like. These are generally covered only after they have been unloaded at the site. The cover terminates when the completed project is handed over or any completed part is taken over or put into service.
EAR policies are designed to cover the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury (BI) or property damage (PD) arising out of these operations.
Examples of the types of projects for which EAR coverage is typically purchased include power plants, manufacturing and fabrication facilities, water and wastewater treatment facilities, and telecommunications centers (particularly where the erection of signal towers is involved). Some insurers combine EAR and contractors all risks (CAR) coverages into one form. Although these terms are sometimes used interchangeably, there are some substantive differences.
Coverage :
  • Fire, explosion, lightning, aircraft damage
  • Earthquake, Flood, storm, cyclone, landslide and allied perils
  • Riot, strike, malicious act
  • Faults in erections
  • Faulty workmanship,
  • Negligence, lack of skill, lack of experience
  • Excess pressure or vacuum, destruction due to centrifugal force
  • Burglary and theft
  • Human errors, act of negligence
  • Electrical and mechanical breakdown
  • Short circuiting, arcing, excess voltage
  • Collapse, damage due to foreign objects, impact damages
  • Any other sudden, unforeseen, accidental damages not explicitly excluded
EAR insurance cover can be extended to cover the following:
  • Removal of Debris
  • Surrounding property
  • Errors and Omissions
  • Loss minimization expenses
  • Professional Fees
  • Automatic Reinstatement of Sum Insured
  • Expediting Expenses
  • Prevention of Access
  • Offsite storage and fabrication
  • Removal to place of safety
  • Time Adjustment (72 Hours clause)
  • Waiver of subrogation
  • Free issue materials
  • Extended Maintenance etc.
Directors’ and Officers’ Liability insurance provides cover for
1. Personal liability arising out of a wrongful act
2. The entity for reimbursement of those Directors and Officers
3. The entity for liability arising out of securities related lawsuits
Policies are underwritten on a worldwide jurisdiction basis to clients domiciled around the world.
We advise organizations in diverse industry segments and offer tailored solutions to suit individual clients’ needs.
NEED FOR D&O
As a member of the board or an executive officer of a company, you may be personally held liable for any actual or alleged breach of duty, trust, breach warranty, authority, neglect, errors, misstatement, or omissions by anyone in company and can be sued for transactions alleging in financial losses. Exposure varies from shareholders, creditors, business partners, competitors, regulators and employees.
COVERAGE
The policy reimburses the company to the extent it has been insured with respect of such claims, under its Articles of Association or any other contract that effects its Directors and Officers.
  • An outside or non-executive or independent director in a company is also covered.
  • The policy can additionally be endorsed to cover the directors and officers of its subsidiaries, including those acquired or created during the policy period.
  • Specific coverage can be afforded to directorships held in outside boards/ nominee directorships held at the request of the company.
  • Defence costs shall be payable under alleged criminal cases, if the directors and officers are finally acquitted of the wrongful act.
  • The wrongful act is that are discovered after the director leaves the company.
  • Incase of a director’s death, the insurer will defend the director and prevent spillover liabilities from affecting their heirs, estates and legal representatives.
This policy protects your business from financial losses, includes legal costs and compensations arising from property damage or bodily injury caused to any third party due to –
  • The services rendered
  • In-course of business operations
  • Negligence of any employee
  • Includes, non-professional neligent acts: Up to the precribed limits fore-mentioned by the policy
Claims may arise
  • While visiting your business, a customer trips on loose flooring and is injured.
  • An employee in your painting or construction business accidentally leaves water running, causing substantial damage to a customer’s home.
  • A class action lawsuit is filed against your business, alleging advertisements constituted misleading information.
Standard CGL includes :
Coverage A: Bodily injury and property damage
This cover provides protection against losses from the legal liability for bodily injury or property damage to others arising out of non-professional negligent acts or for liability arising out of their premises or business operations. Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm.
Coverage B: Personal and advertising injury
Personal and advertising injury protects an insured against liability arising out of offences, such as:
  • Libel
  • Slander
  • False arrest
  • Infringing on another’s copyright
  • Malicious prosecution
  • Use of another’s advertising idea
  • Wrongful eviction, entry or invasion of privacy
Coverage C: Medical Payments
Medical payments includes limited coverage for injuries sustained by a non-employee caused due to an accident that takes place on the insured’s premises or when exposed to the insured’s business operations. CGL pays for all necessary and reasonable medical, surgical, ambulance, hospital, professional nursing and funeral expenses for a person injured or killed in an accident taking place at the insured’s premises or arising from business operations.
Claims Made V/s Occurrence Based policy
" A ‘Claims Made Policy’ is where the claim would occur and has to be lodged within the policy period. This is usually given in conventional CGL policy & would only become relevant when the policy is not renewed subsequently. "
" Occurrence Based Policy is relevant to CGL Policy where the claims, which have taken place during the currency of the policy, can be lodged even after the expiry of the policy period, even if the policy is not renewed "
In today’s volatile world, after the occurence of events such as the Mumbai Taj Mahal palace attack, 2013 Hyderabad Blast and other terrorist strikes around the world, global terrorism coverage is essential. This product offers a global solution to the risk of damage caused by act of terrorism.
A terrorist attack can occur anytime, anywhere, with devastating consequences impacting not only those directly targeted but also those operating within the surrounding community. With the right protection, these damages an be limited and the security of having an insurance cover is comforting.
Businesses do not need to be specifically targeted to suffer the impact of a terrorist attack.
ISIS continues to threaten India as primary target. Recent terrorist attacks in the United States, Canada, France, Brussels and the United Kingdom illustrate ] the ongoing risk, harm and frequency of global terrorism.
Coverages:
  • Covers worldwide property damage – Commercial and Residential resulting from terrorism and sabotage, including the risk of business interruption;
  • The coverage also includes debris removal costs.
  • Covers ingress/egress and service i
  • This coverage is provided either on full value or first loss basis as requested by the client
  • Material Damage – On all real & personal property of the insured or in insured’s care or custody or control or held by Insured in trust or commission for which they are responsible whilst situated at the specified locations including but not limited to building, contents, equipment, machinery, furniture, fixtures, fittings, plinth & foundation, road, leasehold improvements, stock, office c
  • Gross Profit / Rental / Revenue insured.
  • Loss due to denial of access by civil or military order.
  • Contingent business interruption.
  • Looting following an insured event.
  • Loss of valuable papers and records.
  • Increased cost of construction.
  • Professional fees.
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IRDA Licence No. 603 | Licence Validity - 12/06/2017 to 11/06/2020