Corporate Insurance
Securing the right corporate insurance coverage often involves the expertise of specialized brokers or agents who are well-versed in the nuances of commercial insurance. These professionals work closely with organizations to identify their unique risk profiles and recommend customized insurance solutions. As a crucial risk management tool, corporate insurance plays a pivotal role in protecting businesses from potential financial losses, thereby enabling them to focus on growth and operational excellence without the looming threat of unexpected liabilities.
Types of Corporate Insurance
Fire Insurance
Key Highlights
Covers Property Damage
A fire insurance policy covers the repair and replacement costs of movable and immovable property in case of a fire. Property types covered under a fire insurance plan include furniture, buildings, plant and machinery, fixtures, fittings, and stock.
Business Interruption
For commercial policies, it can include coverage for lost income and operating expenses during repair or rebuilding.
Coverage for Natural Calamity or Other Perils
Fire insurance policies cover other perils like Flood, Earthquake, Storm, Flood, Inundation, Cyclon and other natural perils, malicious damage, land subsidence, impact damages, natural disasters.
Human Hazards
Troubled times can affect your business and your peace of mind. But we make sure you protect your commercial property against:Riots, Strikes, Terrorism, Malicious damage.
Exclusion
Arson
Fire caused due to ill intentions
Electrical Malfunctions
Fires caused by electrical issues where the insured is proven negligent in maintenance.
War and Nuclear Risks
Damage from war, invasion, acts of foreign enemies, and nuclear hazards.
Natural Disasters
Consequential loss or indirect loss resulting from fire incident are typically excluded.
Types of Fire Insurance
Standard Fire and Special Perils Policy
It covers your society, home, property against any loss, damage and destruction. Above sum insured 50 crores product have benefit of free add on coverages as well as chageable add ons above specific sum insured to get the maximum benefit at the time of claim.
Fire Floater Policy
Covers property at different locations under one policy, suitable for businesses with multiple warehouses or storage facilities.
Industrial All Risk Policy
(other than risks ratable under Petrochemical Tariff) having an overall Sum Insured of Rs. 100 crores and above in one or more locations in India shall be eligible for an Industrial All Risk Policy. This policy provides cover against all risks/ perils other than those which are excluded in the Policy.
Loss of Profit
Business Interruption reimburses a business owner for lost profits and continuing fixed expenses during the time that the business must stay closed while the premises are being repaired, replace or reinstate.
Why It's Essential
Protects Against Financial Losses
Protect your belongings
Legal Requirement
Business Continuity
Our Products
Burglary Insurance
Key Highlights
Theft Cover
Theft of any contents/stocks from the insured premises where there is no forcible and violent entry or exit from the premises.
Cover for Cash in Safe/Counter
If you keep your cash in a safe or in a locker securely and still after that it is theft or burgled, this policy cover that financial loss too. Also cash kept in the counter is covered in case it gets theft or burgled.
Riot, Strike and Malicious Damage
The policy is extended to cover Loss of or visible physical damage or destruction by external violent means directly caused to the property insured
Shield for jewellery and other valuable assets
Burglary insurance also offers coverage for precious jewellery, gemstones, valuable assets, works of art, and few other expensive possessions in case those are theft or burgled.
Exclusion
Unoccupied Property
Losses occurring when the property is unoccupied for an extended period may be excluded.
Willful Damage
If you suffer any loss deliberately or intentionally, the policy does not bear that loss.
Damage by the employee
If any damage is done by the family members or business employees or staff that loss is not covered under this policy
War or Civil Unrest
Theft or burglary losses arising from acts of war, civil unrest, or terrorism may be excluded.
Types of Burglary Insurance
Full Value Insurance
Provides the complete value of property insured
First Loss Insurance
First-loss policies are most commonly used as theft or burglary insurance to insure against events where a total loss is extremely rare (i.e., the burglary of all goods contained in a large store).
Why It's Essential
Financial Protection
Peace of Mind
Risk Management
Extensive coverage
Our Products
Liability Insurance
Key Highlights
LEGAL DEFENSE COVERAGE
Covers the costs of legal defense, including attorney fees, court costs, and settlements or judgments against the insured.
CUSTOMIZABLE COVERAGE LIMITS
Allows policyholders to choose coverage limits based on their specific needs and risk exposure
THIRD-PARTY COVERAGE
Protects against claims brought by third parties, including customers, clients, vendors, or other individuals outside the insured’s organization
LEGAL REPRESENTATION COSTS COVERAGE
It pay to or on behalf of the Insured Person all Legal Representation Costs resulting from an Investigation.
Exclusion
Intentional Acts
Claims arising from intentional or criminal acts by the insured are typically excluded from coverage
Pollution Liability
Environmental pollution or contamination liabilities may be excluded unless endorsed or included in the policy.
Contractual Liabilities
Liabilities assumed under contract or agreement may be excluded unless specifically covered by the policy.
Professional Services
Professional liability insurance may exclude coverage for certain professional services or activities not explicitly covered by the policy.
Types of Liability Insurance
Commercial General Liability Insurance
Covers claims for bodily injury, property damage, and personal injury resulting from accidents on the insured premises or due to business operations. It also cover premise liability, product liability, product recall liability.
Directors and Officers (D&O) Liability Insurance
Protects directors and officers of companies against claims alleging wrongful acts, errors, or mismanagement in their corporate duties.
Employer's Liability Insurance
Provides coverage for claims of workplace injuries or illnesses filed by employees against their employer.
Professional Liability Insurance
Also known as Errors and Omissions (E&O) insurance, it protects professionals against claims of negligence, errors, or omissions in the performance of their professional services.
Public Liablity Insurance
Public Liability Insurance Offers Cover For Third Party Liabilities (Bodily Injury / Property Damage) Arising Out Of The Premises And Operations Of The Insured And Legal Costs Incurred In Connection Therewith. There are following three products 1) Public Liability Industrial Risks - For Manufacturing Units. 2) Public Liability Non Industrial Risks - For Non Manufacturing entities like IT companies, BPOs, Hotels, Schools, Restaurants and Clubs 3) Public Liability Act - For all business units handling hazardous substances as per Public Liability Act, 1991 and the rules framed there under.
Why It's Essential
Shows Business Maturity
Protects Your Livelihood
Legal Compliance
Financial Protection
Our Products
Marine Insurance
Key Highlights
Coverage for Physical Loss or Damage
Marine insurance offers safety against physical loss or damage to goods and vessels throughout transit. This insurance is important for agencies engaged in international exchange, mitigating the monetary effect of unexpected events.
Customizable Policies:
Policies can be customised to suit the specific needs of customers.
Various Modes of Transport
Marine insurance isn't always restricted to sea delivery on my own. It also covers transport by rail, road, postal, courier, air.
Worldwide Coverage:
Reflecting the global nature of goods transport. Businesses could have peace of thoughts knowing that their property are blanketed irrespective of the geographical scope in their operations.
Exclusion
Losses due to inherent vice or nature of the goods
The inherent vice or nature of the goods refers to the natural characteristics of the cargo that make it susceptible to damage during transportation
War and Nuclear Risk
Damages caused by war, civil war, rebellion, and nuclear risks may be excluded or require additional coverage.
Wear and Tear
One common exclusion in marine insurance is for losses caused by wear and tear, gradual deterioration, and inherent vice. Minor denting, Painting, chipping, schraches are excluded from scope of cover.
Insufficient Packaging
Losses due to inadequate packaging or preparation of the cargo are typically excluded.
Types of Marine Insurance
Hull Insurance
Covers physical damage to the ship or vessel.
Cargo Insurance
Protects against loss or damage to goods while in transit.
Freight Insurance
Safeguards against loss of freight revenue to the shipowner.
Container Insurance
Covers physical damage to the container while in transit
Why It's Essential
Risk Mitigation
Financial Security
Global Trade Support
Regulatory Compliance
Our Products
Workmen's Compensation Insurance
Key Highlights
Multiple Location Cover
PAN India location coverage if you’ve operations in more than one location
Death/Disability Benefits
It covers Accidental death, Permanent total or Partial Disability and Temporary total disability suffered at the workplace during working hours
Medical/Hospitalization Benefit
Expenses incurred on medical treatment / surgeries will reimburse up to mentioned limit if Medical cover is obtained in policy.
Legal Compliance
Helps employers meet legal requirements, as workmen's compensation insurance is mandatory in many jurisdictions.
Exclusion
Injuries Outside the Scope of Employment
Injuries that occur outside work hours or during an employee's commute are generally not covered.
Influence of Drugs or Alcohol
Injuries sustained while under the influence of drugs or alcohol may be excluded.
Intentional Self-Injury
Injuries resulting from an employee’s intentional self-harm or misconduct.
Violations of Company Policy
Injuries resulting from violations of established company policies or illegal activities.
Types of Workmen's Compensation Insurance
Unnamed Policy
Employee Compensation Insurance is unnamed basis.
Why It's Essential
Protection for Employees
Financial Security for Employers
Promotes Workplace Safety
Legal Requirement
Our Products
Engineering Insurance
Key Highlights
Comprehensive Coverage
Offers broad coverage for various risks associated with construction, engineering, and machinery operations to name the few risks are Testing, Commissioning, Act of God Perils, Handling risk etc
Third Party Liability
Covers personal injury or property damage to the third party in construction sites and adjacent areas caused by the accident that directly relates to the insured project.
Financial Protection
Provides financial security against costly repairs, replacements, or project delays resulting from covered incidents.
Extended Maintenance cover
In addition to the protection provided under the maintenance visits cover, this cover also includes loss or damage occurring during the maintenance period but caused during the erection period on the construction site.
Exclusion
Faulty Design
Faulty design, defective materials / casting, bad workmanship (limited to item immediately affected)
Intentional Damage
Losses resulting from intentional acts of the insured or deliberate misuse of machinery or equipment.
Acts of War or Terrorism
Losses caused by war, terrorism, civil unrest, or acts of purposely destroy may be excluded from coverage.
Physical Damage
Expenses incurred in rectifying erection faults (unless resulting in physical damage)
Types of Engineering Insurance
Contractors All Risks (CAR) Insurance
Covers contractors and construction companies against loss or damage to construction works, materials, and equipment during the construction phase.
Machinery Breakdown Insurance
Protects against financial losses resulting from sudden and unforeseen breakdowns of machinery and equipment.
Erection All Risks (EAR) Insurance
Provides coverage for machinery, plant, and equipment during the erection or installation phase of projects.
Boiler and Pressure Plant Insurance
Covers damage or loss caused by explosions, collapse, or other accidents involving boilers, pressure vessels, and associated machinery.
Why It's Essential
Protects Investments
Ensures Business Continuity
Legal Compliance
Risk Mitigation
Our Products
Package Insurance
Key Highlights
CUSTOMIZABLE COVERAGE
Allows policyholders to tailor their insurance package to meet their specific needs and budget.
COST SAVINGS
Often offers discounts or lower premiums compared to purchasing individual policies separately.
CONVENIENCE
Simplifies the insurance process by consolidating multiple coverages into a single policy, reducing paperwork and administrative hassle.
COMPREHENSIVE PROTECTION
Provides broad coverage against a wide range of risks, offering peace of mind to policyholders.
Exclusion
Specific Exclusions
Certain risks or perils may be specifically excluded from the policy, such as acts of war, terrorism, or intentional acts.
Willful Act
If you suffer any loss deliberately or intentionally, the policy does not bear that loss.
Policy Limits
Coverage may be subject to certain limits and sub-limits, restricting the amount of reimbursement for specific types of losses.
War and Nuclear Risks
Damage from war, invasion, acts of foreign enemies, and nuclear hazards.
Types of Package Insurance
House Holder Package policy
It covers loss of or damage to the Insured Premises or Contents by fire, allied perils & burglary. Policy also covers valuable like jewellery or precious items, breakdown of domestic appliances, electronic equipment.
Jeweller's block package policy
It covers jewellery on display, outside safe after hours in the shop. Jewellery in custody of job worker, gold smith, agent, cutter, employee. It also covers stock in transit. Fidelity cover for losses arising from the corrupt actions of employees, partners and trusted third parties.
Shopkeeper’s / Office package policy
Shopkeeper’s package policy covers stock related to Insured trade. Office package policy covers premises of the office. Both the package policy covers fire, allied perils & burglary, money in safe, transit & till & or counter, breakdown of business equipment, electronic equipment.
Hotel / Restaurant package policy
It covers risk related to hotel, café, restaurant operational day to day work. It covers Plate glass which covers accidental breakage of and damage to glass. Neon sign cover the losses of damage to neon sign hoardings due to fire, natural perils, riots etc. It also covers Money insurance, Fidelity Insurance, Public Liability insurance.
Why It's Essential
Shows Business Maturity
Financial Protection
Multifaceted Solution
Our Products
Group Health Insurance
Key Highlights
GROUP COVERAGE
Provides coverage for a group of individuals under a single policy, typically at lower premium rates compared to individual health insurance.
PREVENTIVE CARE SERVICES
Includes coverage for preventive care services such as vaccinations, health screenings, and wellness programs to promote overall health and well-being.
COMPREHENSIVE BENEFITS
Offers comprehensive medical coverage, including hospitalization, doctor consultations, diagnostic tests, prescription drugs, and other healthcare services.
NETWORK PROVIDERS
Utilizes a network of healthcare providers, hospitals, and medical facilities to offer discounted rates and streamlined claims processing.
Exclusion
Pre-Existing Conditions
Some policies may exclude coverage for pre-existing medical conditions for a specified waiting period.
Alternative Treatments
Coverage for alternative or experimental treatments may be limited or excluded from the policy.
Cosmetic Procedures
Elective or cosmetic procedures that are not medically necessary may be excluded from coverage.
Injuries from Hazardous Activities
Injuries resulting from hazardous activities or extreme sports may be excluded from coverage.
Types of Group Health / Mediclaim Insurance
Employer-Sponsored Health Insurance
Provided by employers to their employees as part of their employee benefits package.
Government-Sponsored Health Insurance
Programs such as Medicaid or Medicare provide health insurance coverage to eligible groups, including low-income individuals, seniors, and people with disabilities.
Association Health Plans
Offered by professional or trade associations to their members, providing group health coverage at discounted rates.
Group Health Insurance for Students
Offered by educational institutions to students, providing coverage for medical expenses during their academic tenure.
Why It's Essential
Access to Healthcare
Employee Benefits
Financial Protection
Risk Pooling
Our Products
Group Personal Accident Insurance
Key Highlights
ACCIDENTAL DEATH BENEFIT
Provides a lump-sum payment to the insured’s beneficiaries in the event of the insured’s death due to an accident.
TEMPORARY TOTAL DISABILITY BENEFIT
Provides weekly benefits to the insured for a specified period if they are temporarily unable to work due to covered accidental injuries.
PERMANENT DISABILITY BENEFIT
Offers compensation for permanent total disability or permanent partial disability resulting from covered accidents.
MEDICAL EXPENSES COVERAGE
Reimburses the insured for medical expenses incurred as a result of covered accidents, including hospitalization, surgery, and rehabilitation costs.
Exclusion
Pre-Existing Conditions
Injuries resulting from pre-existing medical conditions may be excluded from coverage.
War or Terrorism
Injuries resulting from acts of war, terrorism, or civil unrest may be excluded from coverage.
Self-Inflicted Injuries
Injuries intentionally inflicted by the insured may be excluded from coverage.
Under the Influence
Injuries sustained while under the influence of alcohol or drugs may be excluded from coverage.
Types of Group Personal Accident Insurance
Employer-Sponsored Group PA Insurance
Provided by employers to their employees as part of their employee benefits package.
Educational Institution Group PA Insurance
Offered by schools, colleges, or universities to students, providing coverage for accidental injuries during their academic tenure.
Association Group PA Insurance
Offered by professional or trade associations to their members, providing group accident coverage at discounted rates.
Community or Social Group PA Insurance
Provided by community organizations or social clubs to their members, offering coverage for accidental injuries during group activities.
Why It's Essential
Financial Protection
Income Replacement
Peace of Mind
Comprehensive Coverage
Our Products
Group Travel Insurance
Key Highlights
MEDICAL COVERAGE
Provides coverage for emergency medical expenses, including hospitalization, doctor visits, and prescription medications.
BAGGAGE AND PERSONAL BELONGINGS
Offers reimbursement for lost, stolen, or damaged baggage and personal belongings during the trip.
GROUP DISCOUNTS
Offers discounted premium rates for group policies, making it cost-effective for larger travel groups.
TRIP CANCELLATION/INTERRUPTION
Reimburses non-refundable trip expenses in case of trip cancellation or interruption due to covered reasons such as illness, injury, or natural disasters.
EMERGENCY ASSISTANCE SERVICES
Provides access to 24/7 emergency assistance services, including medical referrals, travel arrangements, and legal assistance.
Exclusion
Pre-Existing Medical Conditions
Medical expenses related to pre-existing medical conditions may be excluded from coverage.
Intentional Acts
Losses resulting from intentional acts or misconduct by the insured may be excluded from coverage.
Extreme Sports or Activities
Injuries sustained during extreme sports or activities such as skydiving, bungee jumping, or mountaineering may be excluded from coverage.
Travel to High-Risk Areas
Coverage may be limited or excluded for travel to countries or regions deemed high-risk due to political instability, terrorism, or natural disasters.
Types of Group Travel Insurance
Corporate Group Travel Insurance
Provided by employers to their employees traveling for business purposes.
Leisure Group Travel Insurance
Purchased by groups of friends, families, or social clubs for recreational travel activities.
Religious Group Travel Insurance
Arranged for religious groups or pilgrimages traveling to religious or spiritual destinations.
Educational Group Travel Insurance
Offered by educational institutions for students and faculty members traveling for educational or research purposes.
Sports Group Travel Insurance
Designed for sports teams or athletes traveling for competitions or training camps.
Why It's Essential
Financial Protection
Risk Mitigation
Group Coordination
Comprehensive Coverage
Our Products
Deterioration of Stock Insurance
Businesses involved in storing or handling large quantities of potatoes often rely on Deterioration of Stocks Insurance to safeguard their operations against unforeseen circumstances that could lead to significant financial losses. By offering protection against a range of risks that could compromise the quality and marketability of potato stocks, this insurance provides peace of mind to stakeholders in the potato supply chain, ensuring continuity of operations and financial stability in the face of adversity.
Our Products
Film Television Producers Package Policy
This specialized insurance package is essential for film and television producers as it offers comprehensive protection against the myriad of risks inherent in the industry. By consolidating various types of coverage into a single policy, it streamlines the insurance process and ensures that producers have adequate financial protection in place to mitigate potential losses. Whether filming on location or in a studio, the Film Television Producers Package Policy provides the necessary peace of mind, allowing producers to focus on creating compelling content without worrying about unforeseen liabilities or property damage.
