Corporate Insurance Policies - Types of Business Insurance

Insurance is an instrument to safeguard from financial adversities arising from the loss or damage to the insured lives or property up to the limit specified in the policy. Insurance companies have designed insurance policies to cover both individuals as well as corporates. Individuals have cover for their lives as well as property, whereas corporate companies are covered for the property and lives of their employees. Corporate insurance is focused on providing adequate insurance coverage to companies and organizations working in diverse areas. Corporate insurance is usually taken by the organization to safeguard their properties against insured perils such as man-made risks as well as acts of god risks.

Below are the corporate insurance policies that can be taken by an organization based on its needs and requirements. Please contact our insurance experts to assist you with your corporate insurance needs.

Fire Insurance - Vector Icon Fire Insurance

Covers the loss or damage to the insured property such as office building, office equipment and other property due to an insured peril such as fire, lightning, storm, inundation, missile testing operations, impact damage, riot & strike etc. The perils could be man-made or Acts of god perils which are acting at the time of the loss or damage.

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Erection All Risk Insurance - Vector Icon Erection All Risk Insurance

Covers the insured risks of loss or damage to the property during construction or testing. The policy also provides comprehensive cover for the projects during the storage of raw materials, erection phase as well as testing phase of the property at the insured site. Add-ons under the policy can cover the damages or losses suffered by third parties.

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Contractors all Risk (CAR) Insurance - Vector Icon Contractor’s All Risk Insurance

Covers the insured's property regarding contract works, plant and machinery in the construction site against any man-made or act of god perils. Third-party claims for bodily injury and property damage sustained during a civil project are also covered by the policy. Under this approach, every one of the dangers are covered aside from those ...

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Directors and Officers Liability - Vector Icon Directors and Officers Liability Insurance

Covers the claims arising out of the losses or damages arising out of the lawsuits against the directors and officers of a company for any alleged wrongful acts or negligence in their decision-making. The policy reimburses the defense costs incurred by the board members, directors and other key members in defending themselves against the ...

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Trade Credit Insurance - Vector Icon Trade Credit Insurance

Covers the businesses against the default risk of the customers who take the money from the business and fail to repay them. If the customers can only repay the money partially or within a stipulated period or outside the payment terms for a business, then the trade credit insurance policy would settle the claim up to the business's limit.

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Marine Insurance - Vector Icon Marine Insurance

Covers the loss or damage to the cargo as well as the hull due to any of the insured perils mentioned under the policy. Marine cargo insurance covers the cargo's loss or damage during loading, a voyage, or at the warehouses. In contrast, marine hull insurance covers the loss or damage to the hull whilst in the sea or at the port due to any insured peril.

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Cyber Risk Insurance Policy - Vector Icon Cyber Risk Insurance

Covers an organization's liability in case of a data breach involving the sensitive information of the customers and that of the organization. The policy pays for releasing the systems from hackers, the costs incurred in decrypting the information, and the costs incurred in recovering the information.

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Keyman Insurance Keyman Insurance

Covers the financial losses arising from the death or disability, rendering them unable to perform their duties in the organization. Keyman could be any employee who contributes significantly to the day-to-day operations of the company and without whom the business would incur significant financial losses.

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Professional Indemnity Insurance - Vector Icon Professional Indemnity Insurance

Covers the claims arising out of the losses or damages to third parties due to your services. The claims could be a result of negligence during the execution of the services. Professional indemnity insurance covers professionals such as doctors, architects, engineers, Chartered accountants, etc., for any legal liability arising out of errors ...

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Commercial General Liability - Vector Icon Commercial General Liability Insurance

Covers businesses from financial losses arising from property damage or bodily injury caused by your services, business operations and employees. The corporate insurance policy protects businesses from liabilities arising from their activities. The policy is offered on a claims-made basis in which the claim would be settled ...

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Long Term Home Insurance - Vector Icon Long Term Home Insurance

A homeowner with peace of mind knowing that their property is protected against unforeseen events that can cause significant damage. With coverage that extends beyond the typical one-year term, long-term home insurance provides a reliable safety net for homeowners looking to protect their investment for the long haul...

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Travel  Insurance - Vector Icon Travel Insurance

Travel insurance comes with a lot of power packed features such as hospitalization cover, dental cover, reimbursement in case of loss of passports, tickets, checked-in baggage cover, cancellation of flight, hotel booking cover, delayed flight, missed connection, home contents cover, pet cover, repatriation cover etc.

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Film  Insurance - Vector Icon Film Insurance

Film insurance in India refers to ensuring the film is against any unforeseen circumstances resulting in a loss to the film's producer. The unforeseen circumstances include accident, illness, or disease to the actors in the film leading to the cancellation of schedules and resulting in direct loss to the producer; the other circumstances ...

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Event  Insurance - Vector Icon Event Insurance

Events such as Corporate conferences, get-togethers, seminars, concerts, award ceremonies, annual functions, birthday functions, marriage functions, destination weddings, sports events, etc., are a part of life and involve financial and personal interests at stake if the outcome is not as planned. One would spend a lot on these events, and abrupt cancellation ...

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Product Liability - Vector Icon Product Liability Insurance

Product liability insurance provides legal protection to its insured in case they face claims brought by third parties for bodily injuries caused by products manufactured or supplied by the insured. Under such policies, an insurance provider would reimburse all expenses related to defending claims made against an insured party.

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Group Term Insurance - Vector Icon Group Term Insurance

Term insurance insures an asset (in this case, your life) for a specified period of time (term). The peril insured in term insurance is death.Group Term Insurance therefore, is term coverage offered to a group of people (generally employees of an organization). This coverage provides a monetary benefit to the beneficiaries ...

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Commercial Crime Insurance - Vector IconCommercial Crime Insurance

Commercial crime insurance policy is also known as Business Crime Insurance and is designed to cover the losses arising out of internal and external perils related to business such as fraud, forgery, theft, burglary etc. There can be large losses which are compounded over a period of time in a business due to the dishonest acts of internal and ....

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Jeweller's Block Insurance - Vector Icon Jeweller's Block Insurance

Jeweller’s block insurance is designed to cover the risks jewelry manufacturers and sellers face. Jewelry block insurance covers the loss or damage to jewelry, including watches, valuables, ornaments, cash, and currency notes, against theft, burglary, and other perils. This policy is designed particularly for the makers and sellers ...

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Trucks/ Commercial Good carrying vehicle Trucks/ Commercial Good carrying vehicle (GCV) insurance

Good-carrying vehicle insurance applies motor insurance to commercial vehicles designated to carry goods. Commercial vehicles are those driven for business purposes, including passenger-carrying or goods-carrying vehicles. Vehicles that are driven...

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Machinery Breakdown Insurance - Vector Icon Machinery Breakdown Insurance

Machinery breakdown insurance, formerly known as Boiler and Machinery insurance, is designed to cover the losses arising out of all types of mechanical, electrical, and accidental breakdowns as a result of internal and external causes. Machinery breakdown insurance was formerly referred to as boiler and machinery ....

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Electronic Equipment Insurance - Vector Icon Electronic Equipment Insurance (EEI)

Electronic equipment insurance provides comprehensive cover to systems which typically rely on low voltage and power sources. Electronic equipment insurance policies cover equipment that runs quietly compared to machinery like boilers or compressors. Electronic Equipment Insurance policies (EEI policies) can cover anything electronic such as computers, ...

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Electronic Equipment Insurance - Vector Icon Crop Insurance

Crop insurance provides protection for crops, agricultural produce, against natural calamities, such as excessive rain, unnatural rains or drought, diseases and pests, and floods. Crop and agricultural insurance do not cover claims made by malicious people who cause harm to the crop and product.Crop Insurance was introduced to cover farmers'...

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Electronic Equipment Insurance - Vector Icon Bank Locker Policy Insurance

Bank lockers are traditionally considered a safe place for one's valuables, gold and jewelry as people believed there could be no other location to keep their valuables, gold and jewelry safe other than the bank lockers. People believed the bank lockers would help safeguard their valuables and jewelry against burglary or theft as they ...

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