Insurance 101
General insurance fundamentals · premiums, deductibles, exclusions, IRDAI norms.
Directors and Officers Liability (D&O)
11What should I do if a regulator sends me a notice?
The policy helps with regulatory notices and responses.
What steps should I take if a client sends me a legal notice for not delivering on a project?
The policy helps address disputes involving the insured person (D&O) effectively.
What should I do if I am accused of breaking anti-trust laws?
The policy helps with anti-trust allegations and defence.
What should I do if I'm accused of any kind of wrongdoing?
The policy supports defence against broad accusations.
What does it mean if shareholders file a lawsuit on behalf of the company (derivative action), and how should I deal with it?
The policy provides coverage for shareholder claims.
What should I do if shareholders file a class-action lawsuit against the Board?
The policy provides support for shareholder class-action cases.
My D&O policy limit is used up, what are my options?
The policy includes options for exhausted limits.
How do I deal with a class-action lawsuit filed by employees against the Board?
The policy addresses class-action lawsuits effectively.
How do I handle a lawsuit from an employee for wrongful termination?
The policy helps address employment-related legal claims.
What can I do if investors send a legal notice accusing me of mismanaging funds?
The policy supports financial management disputes on the Director or an Officer.
How should I respond if new investors sue me for giving them wrong financial information?
The policy assists with claims of financial misrepresentation made on the D&O.
Tech Errors and Omissions
10What should I do if my employee's dishonest act leads to client charges?
Dishonest acts by employees can create legal and financial risks.
Can I claim coverage for expenses incurred to reduce financial losses?
Preventive actions can sometimes involve unexpected costs.
What should I do if my software has a bug that caused my client a financial loss?
Bugs in software can sometimes lead to unexpected client losses.
What should I do if my client disputes my outstanding fees?
Fee disputes can arise during or after project completion.
What should I do if my client's data gets leaked while in my possession?
Data breaches can lead to serious client claims.
Will my legal fees for defending a lawsuit from my client be covered?
Defending lawsuits can involve high legal costs.
What happens if a client sues me for delaying my services?
Service delays can lead to client dissatisfaction and legal action.
Am I covered if there was an IPR infringement due to negligence?
IPR disputes can arise from unintentional mistakes.
Will negligence by subcontractors I hire be covered?
Subcontractor-related claims can impact your liability.
What happens if my team uses another company's trademark without permission?
Trademark misuse can lead to legal claims and penalties.
Media Liability
4What is defamation, and how can I get in trouble for it in my media content?
Defamation is when you harm someone's reputation by sharing false information.
What is privacy liability, and how can it affect my business?
Sharing personal information without consent can result in privacy lawsuits.
What does it mean to copy or use someone else's ideas, images, or videos without permission?
Using copyrighted content without permission can lead to legal trouble.
What does it mean to hurt someone's religious or social beliefs in my content?
Content disrespecting religious or cultural beliefs can lead to legal action.
Commercial General Liability
7What should I do if I served food and drinks, and guests complain about getting sick?
The policy covers issues related to foodborne illnesses.
Am I covered if the components I supplied are found defective, and the manufacturer sues me?
The policy offers protection for claims from defective components.
What happens if someone's property is damaged on my premises, and I have to cover the cost?
The policy covers damages to third-party property occurring on your premises.
Am I covered if I rent a place and damage the landlord's property?
The policy extends to damages caused to rented properties.
What happens if my product is defective, and I receive complaints from consumers?
The policy helps with claims from defective products.
What should I do if someone gets injured on my premises, and I have to pay for their medical expenses?
The policy helps cover expenses for injuries to visitors on your premises.
What if my valet damages a customer's car while providing valet parking services?
The policy helps with damages caused by valet services.
Crime Insurance
6What if an employee changes account details to steal money?
Crime insurance can cover losses if an employee changes account details to steal money.
What if hackers break into my systems and transfer money?
Crime insurance can help recover money stolen by hackers.
What if someone fakes an executive's signature and withdraws money?
Crime insurance can cover losses from forged signatures used to steal money.
What happens if my procurement team scams me with fake invoices and vendors?
Crime insurance can cover losses from invoice fraud committed by your procurement team.
What if my employees cheat or steal money at my client's office?
Crime insurance can cover fraud committed by your employees at a client's place.
What if my employees work with others to commit fraud?
Crime insurance can protect your business from employee fraud involving others.
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