Latest news with #GeneralLiability
News18
6 days ago
- Business
- News18
Funding, Fraud & Lawsuits: Why Every Entrepreneur Needs Insurance To Tackle Legal Risks
Last Updated: India's startup boom ranks it third globally, but rising legal risks are prompting startups to invest in liability insurance. News18 India's startup boom has turned the country into the third-largest startup ecosystem globally. But as businesses grow, so do the risks. From consumer claims and cyber threats to regulatory challenges and investment disputes, today's entrepreneurs face a host of legal vulnerabilities. In such a climate, insurance isn't just a backup plan—it's a strategic shield. Experts stress that having the right policies in place can protect founders, investors, and the businesses they're building. Why Legal Risk Is on the Rise 'As legal risks become more prominent, many startups are increasingly investing in liability insurance," says Aftab Chaz, Associate Director & Business Head at He explains that lawsuits around bodily injury, product defects, negligence, and professional errors are becoming more frequent across sectors. This trend has led to growing demand for Comprehensive General Liability, Professional Indemnity, and Directors & Officers (D&O) insurance. According to Chaz, these policies are crucial in shielding businesses from financial and reputational losses while improving investor confidence. PE and VC transactions are at an all-time high in India, but with rising deal sizes come bigger risks. Tapas Nandi, Director – Infrastructure & Energy at Alliance Insurance Brokers, notes, 'With increased financial frauds and cyber threats, even a minor slip in a major deal can cause serious damage." He recommends that early-stage startups and their investors consider a Business Owners Policy (BOP)—a bundled solution covering general liability, commercial property, and business interruption. He adds that Venture Capital Liability Insurance can help protect investors from errors, omissions, and legal challenges tied to deal-making or board-level responsibilities. Founders Must Think Holistically Mudassir Khalil, Head – Reinsurance, Surety & Liability at Digit Insurance, outlines five key insurance policies every entrepreneur should consider: Comprehensive General Liability (including product & public liability) Professional Liability Insurance (for service-related risks) D&O Insurance (to protect leadership teams) Employee Compensation (for workplace injuries) Warranty & Indemnity (W&I) Insurance (to cover deal breaches) 'These covers not only reduce financial damage during a crisis but also build a culture of risk preparedness," says Khalil. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Wire
23-06-2025
- Business
- Business Wire
AmTrust Recognized by Insurance Business with 5-Star Claims Excellence Award
NEW YORK--(BUSINESS WIRE)--AmTrust Financial Services, Inc. ('AmTrust' or the 'Company') is pleased to announce it has been recognized by Insurance Business America (IBA) as one of the US's top performers in Claims for 2025, determined by broker votes nationwide. The 2025 IBA 5-Star Claims names AmTrust as one of the standout performers and celebrates the Company's exemplary professional abilities and expertise in its Claims organization. To select the best claims service providers for 2025, Insurance Business sourced feedback from insurance brokers. Insurance Business's research team began by surveying a wide range of brokerages to determine what brokers value in a claim's service providers. The team also spoke to hundreds of brokers across the country, asking them to rate the claims service providers they had worked with over the past 12 months. The in-depth information gathered enabled the research team to assign weighted values to each of the criteria being rated by brokers. At the end of the research period, the service providers that received the highest rankings in terms of work quality, specialist expertise, and client service were named 5-star award winners in claims insurance. 'The nation's brokers shared their unrivalled insight to determine the leading claims providers,' said Chris Sweeney, Managing Editor for Special Reports at Insurance Business America. 'AmTrust Financial was recognized for its responsiveness, communication and ability to be there when clients need them the most. This award is testament to the professionalism and commitment AmTrust Financial brings to the industry and additionally showcases its desire to maintain its first-rate standards.' "As one of the nation's leading providers of Workers' Compensation, Businessowners Policy, and General Liability coverages, AmTrust is committed to excellence in our claims organization,' said Ariel Gorelik, Executive Vice President and Chief Operating Officer at AmTrust. 'We continually invest in our people, our systems, and our processes, to deliver outstanding service for our clients and ensure the best outcomes. We are proud that Insurance Business America has recognized the strength of our team, our high level of responsiveness, and our claims management expertise.' About AmTrust Financial Services, Inc. AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, businessowner's policy (BOP), general liability and extended service and warranty coverage. For more information about AmTrust, visit
