These are two basic requirements:

1. The company must be registered as a legal business entity.
2. You must have at least 15 full-time employees.

In addition to the above, different insurance companies have other criterias as well.

At present, health insurance plans do not cover dental treatment. Hence, group health insurance does not cover dental treatment.

Directors & officers policy is intended to protect Directors and Officers against allegations of wrongful conduct.

Traditionally, only the directors and officers were covered under a Directors & officers policy. However, today the coverage can be extended to include managers, non-executive directors, employees and the company itself.

Yes, a Directors & officers insurance policy does cover former Directors. Any claim that is made against them for their actions while they were in that role of the director will be covered.

Generally, a claim includes any written demand alleging a wrongful act by a director or officer in his or her capacity as a Director or Officer, seeking monetary or non-monetary damages.

The covered loss will exclude civil, criminal, or punitive fines or penalties; exemplary or multiplied damages; amounts that are without legal recourse to the insured; or amounts that are uninsurable as per the law.

No, a Directors & officers insurance and professional liability are different. Professional liability policy like professional indemnity insurance and Errors & omissions policy protects the business that provides professional advice or services. On the other hand, Directors & officers insurance policy comes into play at the management level when the directors and officers in the company are mentioned in any litigation.

It is recommended that a Directors & officers Liability insurance policy should be in place, irrespective of the size of one’s business.

No, the Directors and Officers Liability insurance policy is not the same as Professional Liability Insurance. A Professional Liability Insurance policy protects a business that offers professional services. It is helpful when Directors and Officers of the organisation are named in a litigation.

It is important that you maintain your Errors & Omissions coverage with absolutely no gaps. Even with a gap of one day in your Errors & Omissions coverage, you could lose years of prior coverage.

The best way to avoid Errors & Omissions claims is to diligently and consistently execute the best practices in line with industry standards.

If a Limited Liability Company (LLC) offers professional services that require specialized skills or expertise, then the LLC must have an Errors & Omissions insurance policy.

A building can be damaged due to other perils or fire, and these losses cannot be covered by a general insurance policy. For that, one needs a Fire Insurance policy that can cover the damages sustained by the building.

Yes, you can enhance or reduce the sum insured during the tenure of the policy.

Policy extensions are additional coverage options that one can choose by paying an additional premium. These extensions can increase the scope of coverage of the policy.

Yes, burglary insurance plans can offer policy extensions that allow you coverage against losses that you face due to riots, strikes, rebellion, etc.

Any project, big or small, can be insured by film production insurance.

As for legal reasons, nearly every location and financier requires that a production company/filmmaker carry some form of insurance.

No, coverage against scheduled rains is not covered. A film production insurance offers coverage against unforeseen incidents like natural calamities and unscheduled rains.

Yes, there are various types of cyber-attacks. Types of cyber-attacks include – the Trojan Horse, Phishing, Unpatched Software, and Malware.

Malware is used to disable and damage computers and networking systems.

Yes, a cyber risk is a risk where a company may lose money or sensitive information. A cyber threat, on the other hand, includes how a cyber-criminal can infiltrate your network and halt or dispense your system and your confidential information.

No, however, your cyber insurance premiums could rise as a result.

Almost 64% of small businesses experience some kind of cyber-attack every year.

This entirely depends on the insurer one chooses.

It depends on the cybersecurity agency you choose. Some conduct tests monthly and others weekly.

No, there is no legal requirement to have a Liability Insurance policy, however, having this policy in place can offer business protection against numerous unforeseen eventualities

The cost of a Liability Insurance policy is determined by multiple factors, such as the nature and size of business, along with the level of risk and any prior history of claims raised.

Yes. As the business grows one can enhance the insurance coverage in order to provide cover for the employees of the company

To work out how much insurance cover one may need, total up the cost of replacing all portable business equipment if they are lost, damaged or stolen.

One should get a Portable Equipment insurance policy as soon as one decides to take valuable equipment away from your work premises.

Yes, electrical business equipment that can be moved from place to place can be covered under the Portable Equipment Insurance policy.

One is covered for lost work equipment, stolen portable business equipment, if business equipment or gadgets break, lost or destroyed documents or data.

Yes, the spouse and children of the insured individual are covered under Employee Benefit Insurance provided by employers.

As per IRDAI regulations, there should be a minimum of 20 employees to be eligible for Employee Benefit Insurance policy.

No, not every benefit has to begin on an employee’s first day. However, there are some benefits that are required by law to begin right away. For instance, Medical insurance and Social Security contributions begin immediately.

Normally a ‘health check’ facility is offered once in four years as a value addition for corporate customers.

Self-inflicted or voluntary abortions are not covered under the Employee Benefits Insurance policy. However, in the case of an emergency abortion for a life-saving purpose, coverage is provided by most insurance companies.

Machinery and equipment used in various industries face risks of unforeseen and sudden mechanical or electrical breakdown, which can result in damage or loss. Such incidents may require repairs or, in some cases, replacements. A Machinery Breakdown Insurance Policy helps cover these unexpected costs, ensuring your business operations can continue smoothly.

If your business relies heavily on machinery for its operations, such as in manufacturing, industrial, printing, or engineering sectors, a Machinery Breakdown Insurance Policy is crucial. It protects your investment in machinery and minimizes downtime due to breakdowns.

Any machine that has been successfully tested and commissioned for normal production or use can be covered under this policy. It provides coverage for a wide range of machinery used in various industries.

Yes, you can choose to insure only a few critical machines. However, each machine should be insured as a whole to ensure comprehensive coverage.

Yes, the policy allows you to adjust the value of the insured machine (Sum Insured) during its term. This flexibility ensures your coverage remains adequate as the value of your machinery changes.

Yes, you should inform your insurer immediately if you replace an old machine with a new one of the same type and model. The insurance is issued on an individual machine basis, incorporating the serial number of the machines.

General liability insurance protects your business against claims of bodily injury and property damage caused to customers or clients due to your products, operations, or services. It helps cover legal costs and any compensation claims, ensuring your business can handle unforeseen liabilities.

A commercial general liability policy also protects against advertising injuries. This includes copyright infringement, spoken defamation (slander), written defamation (libel), and violations of privacy, ensuring your business is covered against claims related to advertising activities.

Companies in the construction sector, including contractors, subcontractors, and project owners, should purchase this policy. It provides comprehensive coverage for various risks associated with construction projects.

Common exclusions include normal wear and tear, maintenance, faulty design, inventory losses, contractual liabilities, consequential losses, war and nuclear risks, wilful acts, and cessation of work. Understanding these exclusions helps manage your expectations and ensures you’re aware of the limitations.

Insurers consider factors such as the scope, value, location, and duration of the construction project to determine the level of risk and quote an appropriate premium. This detailed assessment ensures your policy is tailored to your project’s specific needs.

No, the policy is issued for the duration of the contract period, covering the project from commencement until completion. This flexibility aligns the insurance coverage with the project’s timeline.

This policy typically covers risks such as fire, lightning, accidental damages during engineering and testing, floods, storms, theft, burglary, riots, strikes, malicious damage (excluding terrorism), and geological events like landslides.

Exclusions include war, invasion, mutiny, civil commotion, government or municipal damage orders, nuclear reaction, willful acts, and cessation of work. Knowing these exclusions helps you understand the policy’s coverage limits.

Yes, you can extend the policy by paying an additional premium if the project exceeds the scheduled period. This ensures continuous coverage until the project’s completion.

No, it does not cover consequential losses like loss of revenue due to project delays, penalties, or fines. The policy is focused on physical loss or damage to the insured property.

Yes, It is mandatory for all employers(and manufacturing units) that have more than 20 employees, to have a Employee’s Compensation Insurance so that they can get insurance benefits for workers / employees as per the Employees State Insurance Act, 1948.

The policy covers employees engaged in any commercial business against injuries caused by accidents during employment or certain occupational diseases. It provides financial support for medical expenses and lost wages.

Yes, Contract workers can be covered under the Employee’s compensation policy as an extension if they are specifically covered under the policy.

The policy covers temporary or permanent disability, fatality, legal expenses, injuries worsened by work conditions, and bodily harm caused by accidents during employment. It provides comprehensive support for workers’ safety and well-being.

Yes, purchasing the policy online is convenient and allows you to compare different aspects of the policies side by side. Online platforms make it easy to find the best coverage for your needs.

Yes, it is an all-risk policy that provides comprehensive coverage for contractor plant and machinery used at construction sites or for maintenance jobs.

Yes, you can purchase add-on covers to extend the coverage of your existing insurance plan. This flexibility allows you to tailor the policy to your specific needs.

No, contractual liability is not included under this policy. Understanding this limitation helps you manage your risks effectively.

Contractors, principals, or subcontractors with movable plant and machinery at various construction sites should consider this policy. It provides essential coverage for equipment used in construction, repair, and maintenance work.

Consultants engaged in advisory, design work, or any professional services need Professional Indemnity Insurance. It protects against claims of negligence or errors in professional services.

No, it is not a legal requirement. However, many companies insist on this coverage while bidding for contracts to ensure consultants have protection against potential claims.

The retroactive date is the date from which you have held uninterrupted PI insurance cover. Any claims arising from events before this date are not covered, ensuring clarity on the coverage period.

You can obtain tailored quotes online, make a payment, and have coverage begin immediately. The policy documentation will be emailed to you for convenience, making the process quick and easy.