Prospectus Liability Insurance (POSI): Coverage, Exclusions, and Case Examples
What is POSI This is an insurance cover for the wrongful acts of a company and its directors arising from the issue of a prospectus. The cover may also include…
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Fire Loss of Profit Policy for Windmills: Coverage and Indemnity Guidelines
Fire loss of profit policy for windmills Material Damage Cover: Normal Fire policy covers the property against physical damage due to Fire and allied perils. This policy pays for material…
Comprehensive Fire Insurance Policy Coverage and Exclusions by Beacon Insurance Brokers Pvt Ltd
(I) Coverages as per Standard Fire and Special Perils Policy- Fire Lightning Explosion/ Implosion Aircraft Damage Riot, Strike, Malicious and Terrorism Damage Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and…
EVENT INSURANCE – WRITE UP
Cancellation This insurance is to indemnify the Assured for their Ascertained Direct Net loss, should the insured Events(s) described in the Schedule, be necessarily Cancelled, Interrupted in whole or in…
PUBLIC LIABILITY INDUSTRIAL AND NON INDUSTRIAL POLICY
Introduction The structure of the policy for both industrial and non industrial risks is almost the same. Both the classes are governed by market agreement which came into force from…