Fire and Burglary:
It covers unlawful damage caused to the assets like furniture, fixtures, machinery, equipment etc., inside the business premises. Generally, fire insurance which includes damages caused due to fire, explosions, lightning, theft, storm, cyclone, typhoon, terrorist acts, riots, etc.
Fire Loss of Profit Insurance:
The Fire Loss of Profit Insurance Policy covers the gross profit of the indemnity period selected. This indemnity period is the maximum period required to put the business back into normal operation after damage to insured property by an insured peril and can vary from 6 months to 3 years.
Machinery Breakdown Insurance:
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen voltage fluctuation and sudden physical damages.
Fidelity & Money Insurance:
A fidelity bond is a form of business insurance that offers an employer protection against losses that are caused by its employees' fraudulent or dishonest actions. Also known as an "honesty bond," this form of insurance can protect against monetary or physical losses.
Office Insurance:
Office Insurance is a type of insurance policy that protects an office and its contents within. It protects you against fire and natural calamities such as floods and earthquakes. Your office is protected from both fire and natural calamities and from damage and losses that could occur due to a burglary.
Construction All Risk:
Contractors All Risk insurance policy provides comprehensive coverage against loss and damage caused to the construction plant and equipment, machinery as well as third party claims in respect of the bodily injury and property damage caused during the execution of civil engineering projects. This makes it beneficial insurance option for architects, engineers and financiers involved in construction projects.
Engineering All Risk:
The Erection All Risk insurance covers loss and damage to projects that involve the erection / installation of plant, machinery, and equipment ranging from the erection of a single machine to a large power plant. It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to the property of third parties and bodily damage to third parties.
Boiler and Pressure Plant Insurance:
The Boiler and Pressure Plant (BPP) Insurance policy covers physical loss or damage to all types of Boilers and/or other pressure plants, where steam is being generated. This policy covers physical loss or damage to boilers. The policy covers damage due to Explosion, Collapse – Implosion and Flue Gas Explosion with there is a few add-ons like Surrounding property, Third Party Liability, Express Freight etc.
Factory and warehouse insurance:
Factory and Warehouse Insurance Policy is a valuable benefit in an industrial setup used for the manufacturing and storage of goods. It considers any financial loss due to damage to goods, building, or machinery in and outside premises.
Motor Fleet Insurance:
Motor Fleet insurance covers loss or damage to vehicles by fire, accidents, burglary, natural calamities, and other unexpected causes. In one particular case, an organization's vehicle driven by an employee was in a collision with another vehicle.
TRADE CREDIT INSURANCE
- Credit insurance is a tool to increase incremental sales.
- Expand sales to new, unknown or higher-risk customers to which sales are currently restricted, while protecting bottom line.
- Improve export sales by selling on less restricted payment terms (no need to require Letters of Credit).
- Increasing competitiveness in foreign markets.
- Analysis and review of your portfolio of buyers by a third-party insurer
Group Health insurance:
Group Insurance health plans provide coverage to a group of members, usually comprised of company employees or members of an organization.
Group Personal Accident:
Group Personal Accident Insurance provides comprehensive coverage for all accident-related expenses. If there is an accidental death of the insured individual, the entire sum insured is paid to the nominee. If the insured person loses vital limbs, the entire sum insured (100%) is paid. Its covered Permanent Partial / Total Disability, Accidental Hospitalization, Weekly competition.
Group Term Life Insurance:
Group Term Life Insurance refers to a life insurance plan where the coverage is provided to multiple individuals or a group of people under a single plan. The group term plans aim to offer financial protection to the nominee or the beneficiary in case of the death of the covered individual during the policy term.
Workman Compensation:
The Workmen's Compensation policy enables the employer to pay the compensation to the employees or for their family in case of death or bodily injury or accidental injury at the time of course of employment (permanent partial disablement / permanent total disablement / temporary disablement) caused due to injury and accident at workplace (including certain occupational disease).
Group Travel Insurance:
It protects a group of people, traveling together, against any
medical and other travel-related issues. Therefore, be it a medical emergency or financial crisis during travel, this insurance policy covers everything.
Export & Import Marine Cargo Insurance:
An Export and Import Insurance is designed to provide compensation to the exporters or importers for the loss or damage to the goods, whilst in transit, due to perils associated with transport. It covers for all possible damages to the cargo either onshore or offshore.
Inland Transit Marine Cargo Insurance:
Inland Transit Insurance is the coverage for insured shipments or goods when being transported domestically mostly by land.
Erection All Risk (Inclusive Project Marine Specific Additional):
This policy offers comprehensive cover by covering risks which may arise during erection or testing period. It gives financial protection to the engineering contracts in the event of any accident. The Erection All Risk policy is for erection and testing of Manufacturing units or individual machinery.
Directors & Officers Liability:
Directors and Officer’s Insurance offers coverage for unexpected liabilities arising the managers for any decision or action taken by them as a part of their duties. Organizations usually purchase D&O insurance policies to protect their directors and officers from expensive lawsuits.
Errors & Omissions:
E&O insurance generally protects service businesses from errors and/or omissions made by a business owner, employee or contractor working on behalf of the company.
Commercial General Liability:
A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or
personal and advertising injury caused by your services, business operations or your employees.
Cyber Risk & Liability:
Cyber insurance protects businesses and individuals from data breaches and other cyber security issues such as malware and ransomware attacks. Furthermore, cyber insurance products cover the financial losses that might occur due to fraudulent activities related to information technology infrastructure and activities.
Commercial Crime:
A commercial crime insurance policy offers comprehensive cover and protection against employees' theft and any losses from forgery, computer fraud, etc. In the event of any commercial crime, it becomes the duty of the insurance company to safeguard the policyholder against various losses or damages.
Product Liability:
A Product Liability insurance policy would offer coverage against party claims or claims against the company, and not in the name of the person. If a claim is made, then the insurance provider is liable to defend the case of the policyholder i.e., the business production.
Trade Credit Insurance:
This insurance policy provides coverage to the supplier of goods and services against delay in payment due to either commercial or political risks. Under this policy, the insurer covers some of the buyers and in case of any event, pays an agreed percentage of an invoice.
Motor Insurance:
A Motor Insurance Policy is a mandatory policy issued by an insurance company as part of prevention of public liability to protect the public from any accident that might take place on the road. The law mandates that every owner of a motor vehicle must have one motor insurance policy.
Critical Illness Insurance:
Critical Illness benefit provides coverage against specific life-threatening diseases. Treating such critical illnesses may require multiple visits to the hospital over a long period. In addition to the hospitalization expenses, there will be other costs like fees for doctor visits, medical expenses, and more.
Personal Accident Insurance:
A Personal Accident Insurance policy gives you coverage against medical treatment, accidental death, or disability. It is part of a health insurance policy and provides coverage for all medical-related expenses caused due to an accident.
Overseas Travel Insurance:
Overseas Travel Insurance or commonly called international travel insurance, provides coverage for a variety of unexpected events ranging from lost belongings to emergency medical care.
Term Life Insurance:
A Term Life Insurance Policy is the simplest, purest form of life insurance. It provides financial protection to your family at the most affordable rates for a specific time period in case of death of the insured.
Keyman Insurance:
Keyman Insurance is defined as an insurance policy where the proposer as well as the premium payer is the employer, the life to be insured is that of the employee and the benefit, in case of a claim, goes to the employer.
Retail Cyber Insurance:
Cyber Insurance policy provides a safety shield for individuals against malware and ransomware cyber-attacks, Spoofing/Phishing, Sim jacking and Identity theft related financial frauds.
Art Insurance:
An Art Insurance policy provides comprehensive protection to valuables like paintings, sculptures and other collectibles from uncertainties, physical damage due to theft, accident, etc. It provides compensation to the policyholder in case of physical loss or damage to these valuable art items.