Scope of Cover: Clause ‘L’ covers Legal liability at law to the third party on account of death and or bodily injury sustained, whilst in the lift described in the schedule or whilst entering or leaving the same or in the lift-well. This also covers above liability caused by use of machinery, equipment, hatches door […]
PROCEDURE FOR ISSUE OF POLICY: A master policy would be issued in the name of Service Provider for a period of 12 months and the policy will cover all cellular phones sold by Service sold by Service Provider during the said period of 12 months either directly or through their dealers. The coverage in respect […]
INTRODUCITON: This business is not to be transacted freely. Only where there is a connection involved this policy can be issued. Prior approval however, should be obtained from Regional Office for each and every proposal. BUSINESS: Traditional Agency Commission – 5% RATE: All Risks of loss of or damage to the guns 1.15% Premium to […]
INTRODUCTION: This policy is intended to cover Pedal Cycle (Private Cycles as well as Trade Cycles) against perils given below. INSURD PERILS SECTION-I: Insured’s legal liability to: Bodily injury to any person (other than a member of Insured family or a person in the insured’s service or being conveyed on the Pedal Cycle insured). Damage […]
INTRODUCTION: This policy is a composite package Insurance Policy devised to meet the requirement of a Householder to cover their property or contents against the peril of Fire, Burglary & House-breaking. Theft, Accidental breakage and Break-down etc. The policy schedule contains 10 Sections out of which Section I(B) is compulsory. In addition to Section I(B), […]
Scope of Cover: The Clause ‘BG’ covers personal accompanied baggage of the insured and/or his family members travelling with him against the risks of their baggage being lost, destroyed or damaged by Accident, Fire or Theft. Indemnity will be to the extent of the intrinsic value of the property so lost or destroyed with option […]
The business of insurance, as carried on by English insurers, is not confined exclusively to England and Wales, but extends to countries which are outside the jurisdiction of the English Courts. On the other hand, insurers who are not English are entitled to carry on insurance business in England, provided that they comply with the […]
This class of insurance provides a very wide form of cover for jewellery and Valuables. Scope of Cover: The insurance covers the property described in the schedule against loss or damage by any accident or misfortune arising from fortuitous circumstances anywhere within the geographical limits stated in the schedule. The company will pay or make […]
Where an agent contracts for a principal he has certain rights and liabilities under the contract which he has made. If he had no authority to enter into the contract, he may be sued by the third party for breach of warranty of authority. In some cases he may be liable in tort to the […]
The general rule is that the principal is liable to the third party for any act done by the agent which falls within the agent’s authority. In certain circumstances the principal is entitled to ratify the agent’s unauthorized acts, and thus is enabled to take advantage of them vis – a –vis the third party, […]