Fire insurance is property insurance that covers damage and losses caused by fire. The purchase of fire insurance in addition to homeowners or property insurance helps to cover the cost of replacement, repair, or reconstruction of property, above the limit set by the property insurance policy.
Burglary insurance is an insurance policy that provides financial compensation for loss or damage caused to property and valuable items due to burglary or house breaking. If it is a business premise, damage caused to furniture, stock of goods and other property within the business premise
(MBD) 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 and sudden physical damages.
Electronic Equipment Insurance Policy broadly covers material damage to electronic equipment (which can include systems software) due to sudden and unforeseen events, cost of external data media, including cost of reconstruction of data, as also increased cost of working.
Consequential Loss Policya consequential loss is an indirect adverse impact caused by damage to business property or equipment. A Consequential Loss Policy or clause will compensate the owner for this lost business income. This type of insurance is also called business interruption or business income insurance. Commonly, consequential damages include property damage, personal injury, attorneys' fee, lost profits, loss of use, liability of buyer to customers, loss of goodwill, interest on money withheld by customers, and damages related to third party claims.
Contractors' All Risks (CAR) Insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Third parties including subcontractors may also become injured while working at the construction site.
Marine / Storage cum Erection Insurance is a Comprehensive policy covering all physical risks which a project is exposed to right from the warehouse of the supplier of equipments - whether imported or indigenous - to its erection, testing and commissioning at the site.
Loss of Profits Policy is formulated to cover the likely monetary loss occurring from break in business activity that may arise due to physical loss of property by an event covered for insurance.
Advance loss of profit (ALOP) insurance provides coverage for financial losses due to delays in construction and infrastructure projects. ALOP will also provide a payout if companies face higher costs or lost profits when a project takes longer than expected to complete.
Contractor’sPlant & Machinery (CPM) insurance of contractors' plant and machinery that is done on an annual basis. It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement. Plant & Equipment Insurance provides cover for a range of construction equipment such as portable tools, bobcats and forklifts. It is vital to ensure you have this type of cover to protect yourself against potential issues such as theft, damage and breakdown to name a few.
Public Liability Insurance is an insurance product for business owners. It covers the cost of legal action and compensation claims made against your business if a third party is injured or their property suffers damage while at your business premises or when you are working in their home, office or business property
Product Liability Insurance is a type of business insurance that can cover the cost of compensation claims if someone is injured or their property is damaged by a product that you've sold. In certain situations you may be liable even if you haven't actually manufactured the product. If a product you supply causes injury to a member of the public, or damages their property, they may make a claim against you.
Professional Indemnity policy (PI) is a type of insurance designed to protect professional people against potential claims for injury, damage or loss caused by professional incompetence or negligence. Having this insurance provides financial protection against any claims made against you including legal defence.
Directors and Officers (D&O) Liability Insurance protects the personal assets of corporate directors and officers, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
Directors and Officers (D&O) Liability Insurance protects the personal assets of corporate directors and officers, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
Lift Insurance is designed for owners & employees of passenger lifts in building to cover loss or damage due to breakdown and to provide cover for Insured's legal Liability resulting in injury or damage to third party arising out of use of lifts.
Employer's Liability Insurance policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by the workmen arising out of and in course of employment.
Carrier Legal Liability Insurance will pay the amount for which the policyholder shall become legally liable to pay as compensation for physical loss or damage to merchandise while in transit, including loading or unloading and when goods are in the custody of the policyholder. A carriers' liability insurance provides coverage for your liability for physical loss or damage to customers' cargo which you handle on the basis of a transportation contract (freight, forwarding or warehousing contract) in compliance with legal provisions.
Public Liability Insurance Act Policy covers your legal liability to indemnify the affected parties in respect of accident involving a fortuitous, sudden or unintentional occurrence while handling any hazardous substance resulting in continuous, intermittent or repeated exposure to death, of or injury to, any. The Public Liability Insurance Act, 1991, has been enacted for providing immediate relief to the persons affected by accidents, occurring while handling any hazardous substance and for other incidental and connected matters.
Workmen Compensation Policy is compensation payable under a scheme set out in the Workmen's Compensation Act of India, monitored by the Ministry of Labour. The policy covers statutory liability of an employer for death or bodily injuries caused to employees due to accidents arising out of and during the course of employment.
Commercial General Liability (CGL) is a type of insurance policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business's operations, products, or injuries that occur on the business's premises.
Jewelers Block Insurance inland marine insurance designed to provide coverage for loss of or damage to jewelry that is the stock of jewelry retailers, wholesalers, manufacturers, and pawnbrokers.
Bankers Blanket Indemnity Insurance Policy is a blend of various sections of coverage that protects the bank from loss of money and/or securities on-premises and in transit due to various threats. The Bank Indemnity policy also provides cover against financial loss arising from forgery, fraud, and dishonesty.
Shopkeeper insurance policy provides coverage to small and medium shop owners against any damage or loss caused to the shop or its content due to unfortunate events like fire, flood, earthquake, riot, burglary, etc. It also takes care of liability claims.
Marine cargo insurance is a class of property insurance that insures property while in transit against loss or damage arising from perils associated with the navigation of the sea or air and subsequent land and inland waterways.
Plate glass insurance is insurance coverage against damage to or breakage of large panes of glass such as shop windows. The plate-glass insurance covers accidental breakage of glass while situated at the insured's premises from any cause other than those specifically excluded in the policy.
Under Special Contingency Policy all the losses/damages that arises due to the lightning, fire, burglary and so on are fully covered. The Premium rate of this policy generally varies from 1% to 2% of the value of the machineries/equipments to be covered.
Neon signs are located in Public places and are exposed to loss or damage arising out of fire, natural perils, riot or strike, arson and the like due to their location and prominence. This policy covers Neon Sign against loss or damage due to fire, theft or fortuitous events.
Multiple Peril Policy for LPG DealersSpecially designed to meet the Insurance requirements of L.P.G. dealers.
Fidelity Guarantee insurance protect yourself against any fraudulent or dishonest acts committed by your employees. covers the loss of money or other property belonging to you or for which you are legally responsible for as a direct result of their actions
Credit insurance is an insurance policy that pays off an outstanding debt in the event of the policy holder's death, disability, or termination of employment. When a company obtains credit insurance — called trade credit insurance — it provides protection against customer insolvency.
Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records. Cyber-insurance is a specialist insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities.
Group Mediclaim is offered by companies for their employees. Group Health Insurance covers the employees against expenses due to illnesses or accidental injury.
Group Personal Accident Insurance provides a comprehensive coverage for all expenses associated with accidents offered by companies for their employees.
Group Term Life Insurance is a type of term insurance whereby the insurer issues the employer a master contract with coverage extended to employees. Group term life insurance is relatively inexpensive compared to individual life insurance.
Group Term Life Insurance in lieu of EDLI provides additional life insurance benefit to all employees irrespective of their PF balances, salary level and service. A single Master Policy Issued to the employer provides Life Insurance Benefit for all employees. Employees Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO (Employees Provident Fund Organisation) for private sector salaried employees.
Group Gratuity Plan with an employer may take a an insurance provider. The gratuity paid by the company is based on the terms of the group insurance scheme. Being a group gratuity insurance plan, the sum assured depends on the salary of the individuals and annuity rates.
Group Superannuation Scheme aims to provide retirement benefit in terms of pension to the employees after their retirement i.e., on attaining the age of 60.
Group Leave Encashment Policy cover: : If a group member dies while in service, the employer gets the sum assured as well as the leave encashment benefit. If the group member retires or resigns from work, the employer gets the leave encashment benefits.