India’s rapid digital transformation has reshaped how businesses operate. From UPI payments and cloud adoption to remote work and SaaS platforms, technology is embedded across every sector. However, this growth has also increased exposure to cyber threats such as ransomware, phishing attacks, data breaches, and supply-chain compromises. Cyber insurance in India has emerged as a critical financial safeguard, helping organizations manage losses arising from cyber incidents. What was once considered an IT concern is now recognized as a core business risk—making cyber liability insurance an essential component of risk management for businesses. This article explores the evolution of cyber insurance in India and explains why cyber risk insurance is more relevant today than ever before. Cyber Insurance in India Cyber insurance is coverage that protects businesses from financial losses due to cyber incidents, such as data breaches, ransomware attacks, network outages, and digi...
. We all know for a fact that doing business today involves aspects such as contractual agreements, client partnerships, outsourcing agreements or vendor relationships, In such a scenario liability will have to shared and its accompanying risks can overlap. This is important especially for liability insurance policies. It is crucial to know who is covered and to what extent when a loss occurs or who is eligible for claim protection. To make these aspects clear liability policies have the terms ‘named insured’ and ‘additional insured’. Many liability insurance policyholders are not clear on these terms. In this blog we will break down these terms and the difference between them so that you as policy holder will know what to do when a claim dispute occurs. What is ‘named insured’ in a liability policy? The named insured is the additional policyholder in addition to the primary insured — the individual or business entity in whose name...