Qian Insurance Broking is a leading insurance broking firm in India that specialises in insurance solutions for small businesses. In today's fast-paced world, Qian works with its clients to provide the comprehensive insurance solutions to small businesses for mitigating the risks that their businesses face.
In response to a query regarding the reason behind their success, Qian's spokesperson said. "We spotted a gap in the market where small businesses did not have access to experienced insurance advice and they were unaware of the various insurance solutions available to mitigate the risks.
As a result, we started Qian with a specific aim to cater to the insurance needs of small and medium businesses."
Recognising the increased trend of litigations against the directors and officers of a company for their decisions, Qian has launched D&O Liability Insurance Policy for Start Ups and Small and Medium Businesses.
A D&O Liability Insurance Policy covers the legal costs and damages that the directors and officers of a company become legally obligated to pay on account of any wrongful act committed by the directors and officers in their managerial capacity. The importance for a D&O Liability Insurance Policy cannot be understated as the Directors and Officers are exposed to litigation from various stakeholders such as customers, vendors, suppliers, shareholders etc.
A D&O Liability Insurance Policy has 3 Covers: a) Side A Cover b) Side B Cover and c) Side C Cover.
Side A Cover in a D&O Liability Insurance Policy covers Directors and Officers for Non-Indemnifiable Claims while Side B Cover in a D&O Policy covers them for Indemnifiable Claims. Side C Cover in a D&O Policy delas with entity claims which are mainly related to security lawsuits or employment practices liability claims.
It is important to understand the Directors and Officers Liability Insurance Coverage and exclusions in a D&O Policy amongst the various D&O Insurance Providers in India to make sure that all the risks are adequately covered. Hence, it is important to take the assistance of an experienced insurance broker when purchasing a D&O Policy.
The spokesperson further added. "Another area where we have seen small businesses struggling with regards to lack of insurance advice is a fire insurance policy. Recognising this need, Qian has specially focused on the educating the small factory owners about the importance of a factory insurance policy. A Factory Insurance Policy is essentially a fire insurance policy with the same fire insurance coverages such as fire, earthquake, storm, tempest, floods inundation etc. Our experts make sure to include the appropriate add-on covers in a fire insurance policy so that the factory is comprehensively covered against a range of perils."
Business owners who wish to purchase a Directors and Officers Liability Insurance Policy or a factory insurance policy should contact Qian at insurance@qian.co.in. Our experts would be glad to assist you.
About Qian
Qian is a leading insurance broking company focused on providing commercial insurance solutions to small and medium businesses. Qian Insurance Broking has made a name for itself for competitive insurance quotes, expert insurance advice and quick claims settlement.