Zen Vichaar

Accounts receivable contribute a major part to the financial assets of many businesses.  But if your clients are not able to pay what they owe you, such credit losses can be a threat to the success of your business. There could be many reasons why your customers may not be able to pay or meet the credit extended to them. These could be: ·          Bankruptcy ·          Insolvency ·          Default It could also be due to reasons beyond their control such as outbreak of war, riot, political or civil unrest that may block or delay payment for goods or services exported.  Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. This is where credit insurance can come to your rescue. This policy will cover a wide range of risks related to non-payments linked to trade that is both local and overseas. This insurance policy offers protection against default ari

In the light of the recent cases of financial fraud and claims of bankruptcy made by organizations, many companies are showing an interest in insurance policies that will cover the liabilities of officers and directors. This insurance policy is known as Directors and Officers (D&O) Liability Policy. Overview The directors and officers of corporations are answerable to their shareholders, employees and the public and a wrong decision poses the risk of civil or criminal action against them. A D&O policy covers a wide range of civil and criminal actions that can be taken against directors and officers. This policy protects against legal claims as a result of wrongful actions by directors and officers while performing their duties. These wrongful acts can include errors, omissions, misleading statements, breach of duty or their neglect. The policy covers any losses that the insured may face due to any legal action for any wrongful acts committed by them. It also covers

With the growing awareness on D&O policies many organizations are showing a keen interest in taking up this policy. This policy basically protects against legal claims as a result of wrongful actions by directors and officers while performing their duties. These wrongful acts can include errors, omissions, misleading statements, breach of duty or their neglect. The policy covers defence costs that result from any criminal or regulatory investigations or trials as a result of actions by directors and officers. This policy also provides cover for any litigation companies might face in relation to two areas: ·          EPL-Employees practices liability ·          Securities However a gray area that they have to contend with is finalizing the limit of indemnity for this policy. No doubt this is a challenge because unlike an asset there is no fixed value on which the sum insured can be decided. This is because the limit of indemnity depends on the maximum claim that can

When investing your hard-earned money in a property, you would like to ensure that the investment will not run into any trouble in the future. This is a likely possibility especially if there are any uncertainties with regard to the title of the land. Your property might not necessarily have a clear title. When you are buying or selling a property, title refers to the legal right to the property that is obtained through a legal and registered document. There is a change in the title every time there is a change in the ownership of the property. During the course of the property changing hands or in the transfer of the property, defects in the title come to the fore. Past ownership claims, fraudulent transactions by third parties and the lack of government guarantees on the ownership of the land   has given rise to the issue of ownership or title in real estate transactions.  Taking cognizance of this the Government of India passed the Real Estate Regulation Act or RERA