We all are concerned about risk associated with our fixed assets and thus, get adequate insurance cover for our fixed assets. But, unintentionally or unknowingly, we miss to insure our liabilities as well as sales made on credit. So, to cover such exposure, insurers are offering various insurance policies but, benefits and protection offered by these policies are less understood...

“Insurers should partner banks to issue Surety Bonds”,​​​​​​​ says IRDAI Panel Surety bonds – a brief introduction Surety is a form of financial credit known as a bond guarantee. The transaction always involves three parties: the obligee, the contractor, and the surety. A surety bond protects the obligee (the party to whom the bond is paid to in the event...

INCIDENT:- Arthur J. Gallagher & Co., one of the largest insurance brokers with global presence, has revealed that it was hit by a ransomware attack on September 26, 2020. Gallagher still had a notice on its website that it was experiencing a system outage and is “working diligently to restore all functionality.” FACTS In a filing with the Securities and...

Dear Sir/Madam, We are reaching out to you once again to cordially invite you to join us for a ]webinar on Saturday, the 19th of September, 2020 as per the below details. Losses are the Teachers of Risk Management. BEACON firmly believes in learning through Claims. In our upcoming WEBINAR we shall be delighted to share with you a part...

Dear Sir/ Madam, We sincerely hope that you and your family are safe in the current pandemic environment of COVID 19 and are taking due care. In continuation of our knowledge-sharing cum educational initiative, in our forthcoming webinar we shall be dealing with the financial impact of Business Interruption and the available insurance solutions to mitigate the same. Details of...