Zen Vichaar

To run an establishment /shop with jewelry and precious stones is a herculean task because the nature of goods is such that it faces the risk of being stolen. This is why even the salespersons in these shops are subject to thorough scrutiny at the end of the day. Various control methods and latest  safety measures are adopted by jewelers to safeguard their shop and establishment as it deals with stocks amounting to crores of rupees. To protect from mishaps, loss of precious items a jewelers' package policy is designed to cover all the associated risks in the jewelry business. The jewelers insurance policy is designed for jewelers who are either retail or wholesale dealers and diamond merchants. Policy is offered for dealers in other precious stones jewelry too. However this policy is not meant for establishments whose work is predominantly manufacturing like cutters and goldsmiths. It is for finished stock only. Policy cover is detailed in four sections: Section I- property & c...

                                           Of all the capitals invested in an industry, human capital is the top most. Human resource is largely acclaimed to be the wealth behind a successful organisation. Employees are the real cogs in the wheel who keep the industry running despite setbacks. In such a scenario, employee retention assumes significance which in itself is a huge task. A disgruntled employee can mar a company's reputation or  impede the seamless progress of a business. We hear a lot of organisations facing employee attrition  i.e losing talented, high-performing, high value employees. Employers must engage the employees and prevent attrition with various programmes and employee benefits such as: Training and development  Award and rewards While there are numerous f...

  BURGLARY INSURANCE Burglary means the illegal entry into a building with intent to commit a crime, especially theft. Willful intent to steal & cause damage is burglary. Insurance policies define burglary as the unforeseen and unauthorized entry to or exit from the premises by aggressive and detectable means with the intent to steal contents therefrom. It is a violent, forcible, visible entry and is supported by damage to the surroundings and premises. A burglary insurance policy is  a type of crime insurance that covers losses resulting from burglary . Who can take these policies? Owners of godowns, businesses, and residential complexes can take these policies. Property covered: Any movable properties like Stock, Goods held in trust, Stock in trade, cash and Valuables etc. Scope of Cover: Covers properties against Burglary, Housebreaking etc. involving theft coupled with violent entry or exit Theft cover and property in open are to be insured at extra ...

                                                         SECURITIES ISSUERS LIABILITY POLICY   Assets are significant to financial planning and they comprise fixed, movable, liquid assets etc. Shares of listed companies are one of the instruments purchased by investors for investment, appreciation in value and for future planning. Issuance of share certificates are mostly in dematerialized format today, however to minimize the incidence of fraud SEBI (Stock Exchange Board of India) has mandated compliances from Listed companies.   To protect the interests of investors in securities and to promote the development of, and to regulate the securities market SEBI has mandated that the listed company sh...

                                        AOA: AOY LIMIT IN LIABILTY POLICIES Sum Insured under a liability policy is different from any other policy that we purchase. In liability policy the Sum Insured is set as AOA: AOY limit .It is identified as the  Any One Accident (AOA) limit and the Any One Year (AOY) limit, respectively . AOA limit and AOY limit can be set as 1:1,1:2,1:3,1:4. The AOA limit, indicates the maximum claim payable for a single accident and cannot exceed the AOA limit. Sum Insured is selected based on the extent of damage that is anticipated .This again depends on the nature of the Insured’s business, previous claims data, scale of the Insured’s operations. Sum Insured must be selected with a proper analysis of the potential areas of risk where claims are likely and the...