WMG Risk Management

Single Trip Policy

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.

Annual Multi – Trip Policy

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

Domestic Travel Insurance Policy

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 "

Group Business Travel Insurance

Product Recall insurance covers expenses associated with recalling a product from the market that would be responsible for possible bodily injury or property damage from its continued use or existence. Standard product liability insurance does not cover this exposure. This cover is typically purchased by manufacturers such as food and beverage, toy and electronics, automobiles and automobile components, aviation parts etc. to cover costs such as customer notification, shipping costs and disposal costs.

Scope of Cover