Insights & Guidance:
The Capalin Blog

Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted due to direct physical loss or damage, such as might be caused by a fire or a natural disaster. THis type of insurance also covers operating expenses, a move to a temporary location, if necessary, payroll, taxes, and loan payments.

Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.

Product Recall Liability Insurance indemnifies the insured for those sums that the insured becomes legally obligated to pay as compensatory damages arising out of recall, removal, recovery of possession or control, or disposal of the Product that is manufactured, sold, marketed, handled, or distributed by the insured.

This policy will indemnify the insured against all sums for which he will be legally liable pay to any Research Subjects as for death bodily injury physical or mental illness disease or impairment caused to Research Subject as damages for death bodily injury physical or mental illness disease or impairment caused to Research subject by the research.

The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment.

Sales turnover policy (STOP) is a highly evolved marine insurance cover. Thus, it is suitable for industries where multiple internal transits require to produce/manufacture the final product for sale.

The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by the workmen arising out of and in course of employment.

Cyber insurance policies protect companies from hackers and other individuals or groups who may gain access to company-stored personal identifying information.

Trade credit insurance (TCI) reimburses companies when their customers are unable to pay because of insolvency or destabilizing political conditions.