Zen Vichaar

  Producing a film or a television serial is a high-stakes venture and one must be equipped to handle risks associated with production. Taking an insurance policy is an important safeguard to manage the risks associated with film production. This being a project by itself , a film insurance is normally structured as a package policy offers risk protection under various sections , viz., Fire for the production equipment ( owned or hired), Personal Accident, Cast Insurance, Money, Shooting Cancellation, Loss of Profits, etc., Common sections under Film insurance are Cast PA insurance and Cast Insurance which generally creates confusion in terms of its coverage.   There is a tendency to believe that both of them are similar, but they are not. It is crucial to understand the difference between the two to know what they cover and do not cover. In this blog, we will explore the these two sections and their triggers, and their benefits. Cast personal accident (PA) insurance N...

  In today’s increasingly litigious business environment, professionals in India whether doctors, lawyers, chartered accountants, consultants, or engineers face significant risks of being sued for errors, omissions, or negligence in the course of their work. Clients and third parties are more aware of their rights and do not hesitate to seek legal recourse for financial losses arising from professional mistakes. In line with global trends, Indian jurisprudence has also recently been quite liberal in awarding of damages under the law of torts. The law of torts is part of civil law that deals with wrongful acts that cause harm to an individual, providing a legal remedy for the injured party, usually in the form of damages.     This is where Professional Indemnity (PI) Insurance becomes crucial. It offers a financial shield against claims and lawsuits, covering not just compensation to affected parties but also the hefty legal defense costs. One of the mos...