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PRODUCT LIABILITY
Agency News

PRODUCT LIABILITY

What is Product Liability?A product liability policy provides indemnity to the Insured against legal liability to pay for damages and/or Injury arising out of any defect in the products manufactured and covered under the policy.“Product” means any tangible good or property, after it has left the custody and control of the insured, which has been designed, specified, formulated, treated, serviced, altered or repaired by or on behalf of the insured.“Damage” means physical loss or damage to tangible Property.“Injury” means death, bodily injury, illness or disease of or to any person. Scope of Cover -This policy indemnifies the insured against legal liabilities to:pay compensation including claimant’s cost, fees and expenses in accordance with the laws of the country. Arising out of injury, da...
DIRECTORS AND OFFICERS LIABILITY INSURANCE
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DIRECTORS AND OFFICERS LIABILITY INSURANCE

INTRODUCTION TO D&ODirectors and officers of companies hold positions of trust and they have responsibility to their company, the shareholder, the employees, the public at large etc. They may become liable to pay damages for wrongful acts like failure of supervision of the affairs of the company etc.   Apart from common law responsibilities, the duties of directors under the companies Act relate to prudent management of the copmpany.Liability of Directors and OfficersDirectors and Officers may be liable to Employees eg. Unfair dismissalShareholders CreditorsGovernment regulatory bodiesMembers of the public etcCoverageThe Policy shall cover “Loss” which means legal liability of the Directors or officers to pay damages or costs awarded against them and costs and expenses incurred by the ...
COMMERCIAL GENERAL LIABILITY INSURANCE
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COMMERCIAL GENERAL LIABILITY INSURANCE

 What is a CGL Policy?This is a complete policy to provide seamless protection to the Insured, and covers Third Party Liabilities arising from various business exposures such as those arising from Premises, Products, and completed operations, Advertising and Personal injury and also provides supplemental payments, thus ensuring complete protection to the insured against Liability issues. Commercial Liability includes the liability of the companies towards the public as well as the employees at large. Covers Public in the company premises as well as the Product in the customers premises. Liability arising in any case aforesaid are covered under this insurance.Basically liability Insurance triggers when a suit is filed against the insured. Key Policy Features :The policy can be obtained on e...
DataTrained and GNIOT College Ecstatic Over Success of Datatrained’s Job Fair: Paving the Way for Bright Futures
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DataTrained and GNIOT College Ecstatic Over Success of Datatrained’s Job Fair: Paving the Way for Bright Futures

The Datatrained Job Fair held at the Greater Noida Institute of Technology on The 9th of March 24 marked a monumental day for DataTrained and Greater Noida Institute of Technology, as they witnessed an unprecedented turnout at the DataTrained Job Fair. Overflowing with joy and gratitude, both parties are overwhelmed by the resounding success of the event. Farhad Khan, reflecting on the overwhelming response, expressed his elation, stating, "The enthusiasm and participation we witnessed from students at the job fair were truly remarkable. It's incredibly fulfilling to see so many young minds eager to carve out their paths in the professional world."  In alignment with their commitment to student welfare and empowerment, Farhad Khan announced plans for more such job fairs in the future. "Our...
Cadabams Hospitals Breaks Ground with “Anunitha”: India’s First Large-Scale, Dedicated De-addiction Center for Women
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Cadabams Hospitals Breaks Ground with “Anunitha”: India’s First Large-Scale, Dedicated De-addiction Center for Women

Cadabams Hospitals, India's largest mental healthcare facility, today announced the launch of "Anunitha Deaddiction Centre for Women," a specialized de-addiction center dedicated to supporting women struggling with substance abuse. This launch marks a significant step forward in addressing a previously neglected crisis: addiction among women in India.The National Survey on Substance Use in India reveals a shocking statistic – 57.4 lakh women are estimated to be battling substance abuse. Peer pressure, lack of awareness about setting boundaries and societal expectations is pushing young women towards addiction, often shrouded in silence leaving them hesitant to seek help due to the stigma associated with addiction.  Furthermore, the limited availability of women-specific treatment options h...
GAMA Awards 2024 Exclusively Marketed By Msg Advert Pvt Ltd: Celebrated Excellence in Cricket Analysis
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GAMA Awards 2024 Exclusively Marketed By Msg Advert Pvt Ltd: Celebrated Excellence in Cricket Analysis

Dubai's Zabeel Park illuminated with excitement on March 3rd, 2024, as the prestigious GAMA Awards Exclusively Marketed By Msg Advert Pvt Ltd unfolded, recognizing excellence in cricket analysis. Among the distinguished winners was Yahya Ibrahim, who clinched the coveted title of Best Cricket Analyst of India, marking a momentous achievement in his remarkable journey. The GAMA Awards which was exclusively Marketed By Msg Advert Pvt Ltd , renowned for honoring the brightest talents in the cricketing world, showcased the pinnacle of expertise and dedication within the field of sports analysis. From seasoned veterans to emerging talents, the event celebrated individuals who have made significant contributions to the understanding and appreciation of the game. Yahya Ibrahim's triumph at the GA...
Hospitable Moscow: What Indian tourists will find interesting in the Russian capital
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Hospitable Moscow: What Indian tourists will find interesting in the Russian capital

India is among the leading countries when it comes to the number of tourists from non-CIS countries who visit Moscow. In the spring and summer of 2024, Russia is preparing to receive even more business and educational tourists from India. Business visits remain one of the most popular purposes of trips to the Russian capital, but classic tourism is also popular: the number of travelers visiting Moscow in 2023 increased by 37% compared to 2022. The Moscow City Tourism Committee discusses main points of attraction in Moscow for Indian tourists and businessmen at different times of the year. Comfortable hotels and convenient transportation The Russian capital offers hundreds of hotels for comfortable 4- and 5-star accommodation. Depending on the travel program, you can choose hotels closer to...
Dosti West County Celebrates Grand Clubhouse Inauguration with Milind Soman at Balkum, Thane (W)
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Dosti West County Celebrates Grand Clubhouse Inauguration with Milind Soman at Balkum, Thane (W)

Mumbai, March 29, 2024: Dosti Realty, with a reputation for excellence in delivering unparalleled residential experiences and elevated lifestyle projects in the Mumbai Metropolitan Area, launched its luxurious clubhouses at Dosti West County a large-scale project at Balkum, Thane (W) on Thursday, March 28, 2024. The inauguration was graced by the esteemed presence of actor, model, and fitness icon, Mr Milind Soman. The prestigious launch of Dosti West County’s clubhouses – Dosti Club County and Dosti Westwood marks another stride towards Dosti Realty's commitment to providing unmatched residential projects that effortlessly fuse contemporary elegance with comfort and opulence designed to cater to the diverse needs and preferences of its esteemed residents. The clubhouses epitomise the esse...
Aditya Patel’s Winners Institute: A Catalyst for Empowering Madhya Pradesh’s Youth
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Aditya Patel’s Winners Institute: A Catalyst for Empowering Madhya Pradesh’s Youth

In the heart of Madhya Pradesh, where dreams often collide with harsh realities, The Winners Institute (A Unit of WINNERS ONLINE EDUTECH PRIVATE LIMITED) emerges as a ray of hope. With over 33 lakhs of unemployed youth facing an uphill battle in the job market, the struggle is real. But amidst the chaos, The Winners Institute stands as a beacon, offering a pathway to success for the youth of Indore and beyond.A Visionary's Journey:At the helm of this educational juggernaut is Aditya Patel Sir, a visionary leader whose journey embodies the very essence of resilience and triumph. With over a decade of experience in education and leadership development, Aditya's story is a testament to the power of perseverance. Having triumphed in various government exams himself, including LIC AAO 2013, SBI...
Inspiring Entrepreneurs of 2024
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Inspiring Entrepreneurs of 2024

In today’s dynamic world, inspiring entrepreneurs are revolutionizing industries, challenging norms, and driving innovation. With their unique approach and undying determination, they reshape the business landscape, leaving an indelible mark in the entrepreneurship world. Ami, AmouveFounded by Ami Sata, Amouve is a luxury organic bedding, bath and home brand from India that ships worldwide. The brand's key focus revolves around toxin-free deep sleep and showers which determine your readiness and energy to lead the day with a fresh perspective.Amouve excels in its niche and provides an exclusive range of products like 100% organic cotton bed sheets in king size and custom sizes, fitted sheets, duvets, comforters, bath towels, towel sets, bath robes, Kapok tree fibre pillows/ Ilavam Panju pi...