Understanding Transportation on “Carrier’s Risk” and Choosing the Best Marine Transit Insurance In today’s dynamic business environment, many industries expect carriers to provide additional services such as warehousing, express delivery, and point-to-point solutions. Intriguingly, several large corporates like Tata Steel, Indian Oil Corporation, Berger Paints, and Dabur India have stopped insuring their cargo for transit […]
Category Archives: Risk Management
Understanding Cybersecurity Insurance in India: Protecting Your Organization from Growing Threats A recent study by Cloudflare reveals that 83% of Indian organizations experienced at least one cybersecurity incident in 2022, with nearly half facing 10 or more attacks. Financially motivated cyberattacks continue to evolve and target vulnerabilities in computer systems, networks, and data. Common Types […]
Difference Between Marine Transit Insurance and Carrier’s Legal Liability Insurance in India In the shipping and transportation industries, two key insurance types provide essential protection: Marine Insurance and Carrier’s Legal Liability Insurance. Although related, these policies safeguard different parties and risks. Understanding their distinctions is vital for effective risk management in India’s maritime and transport […]
Carrier’s Legal Liability Insurance: A Crucial Yet Overlooked Protection for Transporters The Carrier’s Legal Liability (CLL) policy has historically been overshadowed by popular insurance types like truck insurance, health insurance, or transit insurance. Having worked in the insurance sector for over 20 years, primarily focusing on recovery from transporters under subrogation rights, I have seen […]
Protect Your Logistics Business with Carrier’s Legal Liability Insurance In the competitive transport industry, worry about legal liabilities from cargo damage or loss can weigh heavily on carriers and logistics companies. If negligence by your drivers or employees leads to issues during transit, the legal and financial fallout can severely affect your profits and business […]
Protect Your Business with Merchant’s / Shopkeeper’s Insurance: Comprehensive Coverage at Affordable Premiums Do you know that insurance companies can cover your losses if: An employee runs away with your money? Cash is looted from your cashier while being transported to or from the bank? Someone commits fraud using a fake cheque against your business? […]
The Importance of Trusted Guidance in Insurance: The Case of Mr. Pankaj Gupta Late Mr. Pankaj Gupta, an engineer with M/s TUV India Pvt. Ltd., embarked on an official trip to Bangkok, Thailand in March 2019. Tragically, during a boat ride at Ta Waen Beach, Koh Lan Island, the boat capsized, causing Mr. Gupta to […]
The Importance of Choosing the Right Insurance and Trusted Guidance: A Real-Life Case Study In our fast-paced digital world, many prefer purchasing insurance online for convenience. However, insurance is far more complex than buying everyday items like clothes or groceries. It involves important legal commitments, intricate terms, and sometimes lifelong assurances—making expert guidance vital. A […]
Personal Accident Insurance: Are You Already Covered Without Paying a Premium? Many people remain unaware that they are already covered under personal accident policies without any direct payment. This insurance provides crucial financial protection in case of accidents, disability, or death. Here’s what you should know: Key Benefits of Personal Accident Insurance Weekly Compensation: If […]
How to Reduce Your Health Insurance Premium by 25% to 40% During COVID-19 The COVID-19 pandemic has made health a priority for everyone. Despite precautions, the risk of infection remains high. Treatment costs in private hospitals can range from ₹5 lakhs to ₹10 lakhs — a huge expense for most families without a backup plan. […]