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Property All Risks Insurance

This policy offers comprehensive cover for industrial units, commercial properties, etc against all risks (including accidental damage) except those risks specifically excluded under the policy.

 

 

Fire & Allied Perils Insurance

This policy provides indemnity for material damage to the insured property resulting from various perils other than fire and lightning such as explosion / implosion, impact damage, aircraft damage, bursting / overflowing of water tanks / pipes / apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, riots, strikes, malicious damage and earthquake.

 

 

Loss of Profit Insurance (Loss of Income)

This policy broadly covers loss of net profit on account of interruption of business, consequent upon material damage to property due to fire or any other insured peril under the standard fire, fire and additional perils or all risks policy. This insurance includes cover for increased cost of working following the loss, as well as the standing charges of the business.

 

 

Hotel Comprehensive Insurance

This is a composite policy including coverage for fire, additional risks, burglary, fidelity guarantee, money insurance, and public liability towards visitors, guests as a result of activities at the hotel or resort. This can include restaurants, valet parking and swimming pools and many other risks.

 

 

Energy Insurance

The large petrochemical complexes, state-of the-art power plants, mining operations, etc. are fraught with a multitude of risks throughout the development, construction and operation stages and therefore require the most comprehensive and complex insurance covers.

 

 

Terrorism Insurance

This policy covers any damage and loss to your business premises operational or under construction and erection. We can also offer insurance cover to the structure and / or contents of your home against the acts of terrorism. Loss of income and additional expenses can also be covered.

Burglary Insurance

This insurance policy provides cover against loss or damage of your stocks, furniture, fittings, and all other contents of your shop or business establishments against burglary (theft arising due to violent and forcible entry into or exit from your premises). The damage caused to the premises would also get covered.

Fidelity Guarantee Insurance

This insurance policy provides cover against financial loss sustained by the insured as a result of acts of fraud or dishonesty committed by the employees of the insured, in the course of their employment. This policy is suitable for covering the dishonesty of employees in the positions of cashiers, accountants, storekeepers etc who handle cash/ stocks of the insured.

Money Insurance

This policy provides cover for loss of money (bank notes, coins, cheques,) in the following cases:

  • Money in the course of transit
  • Money in work premises during working hours
  • Money in locked safes, cash machines and vault.
  • Value of safe in case damaged by robbery attempt 

Glass Insurance

This policy provides comprehensive cover for plate glass insured within specific limits.

Workmen’s Compensation Insurance

This policy is designed to provide cover for employers for sums for which they may become legally liable to pay as damages to their employees arising out of accidents to their employees.

Comprehensive Crime Insurance (for Banks, Exchange Companies & Financial Institutions)

 

This policy provides comprehensive cover to banks, exchange companies and other financial institutions for losses arising_out of:

  • Employees infidelity
  • Robbery of property
  • Property in transit
  • Fraud
  • Counterfeit currency

General Public Liability Insurance

This policy is designed to provide cover for the Insured for loss of property and/or bodily injury (fatal or non-fatal) towards third parties arising out of his activities for which they may be become legally liable and within the territorial limits of the policy. 

Product Liability Insurance

Manufacturers, traders, sellers, of tangible products are always exposed to the risk of incurring legal liability to pay damages to consumers or third parties for bodily injuries / property damages caused due to faulty or defective products sold by them. Almost every product (especially products such as electrical goods, automobile, pharmacy products, edible items, food and beverages etc) is exposed to this risk. 

 

Product liability insurance covers the legal liability of the insured to pay damages as above.  

Professional Indemnity Insurance

This policy indemnifies the Insured against any sums for which the Insured becomes legally liable as a direct result of any negligent act, error or omission made by him during the performance of their duties as a professional (e.g. engineering consultants, physicians, insurance consultants / brokers, lawyers, accountants etc.). Indemnity will be provided in accordance with the limits, conditions and activities defined in the policy. 

Decennial Liability Insurance

This cover is usually considered as a continuation of a Contractors All Risks Cover. The cover period is usually 10 years. Policy commences after the completion of construction (after the expiry of Contractors All Risks Policy). The policy covers loss or damage to the completed structures/building (arising due to an inherent defect in the design, material or construction of the structure), which have not been discovered by the completion of the project but are discovered after handing over the structure to the principal up to a period of 10 years.

Directors’ & Officers’ Liability Insurance

The directors and officers policy provides cover against legal liability of the individual directors and officers for their unintentional errors, omissions etc, committed or alleged to have been committed by them whilst acting in those capacities. Cost of defending suits is also payable. 

Defense costs and expenses are also covered.

Contractors’ All Risks Insurance

Contractors' all risks (CAR) policy is specifically designed to protect the interest of contractors, principals, sub contractors etc., in respect of civil engineering projects like construction of building, bridges, road works etc., It provides an "all risk" cover. Every risk is covered unless it is specifically excluded.

Erection All Risks Insurance

This insurance covers the risks associated with storage, assembly/erection and testing & commissioning of plant and machinery. Erection all risks insurance cover provides a comprehensive cover and all perils are covered unless specifically excluded. The policy can be extended to cover third party liability and other exposures.

Contractors’ Plant & Equipment All Risks Insurance

This insurance covers the unforeseen and sudden physical loss or damage to construction machinery and equipment used by the contractor within the work site, whether these items are at work or at rest or being dismantled for cleaning or overhauling or in the course of the aforesaid operation or in the course of subsequent re-erection after the operation has been tested successfully.

Electronic Equipment Insurance

This policy covers all types of computers including micro-processors, word - processors, telecommunication instruments, machine for medical use, films and television studio equipment, electronic boards etc., This insurance covers the sudden and unexpected physical damage suffered by the electronic equipment. It can also cover external data media and increased cost of working.

Machinery Breakdown Insurance

This policy covers any unforeseen and sudden physical loss or damage to machinery insured under the policy, against causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, and storm.

Loss of Profit Following Machinery Breakdown

This type of insurance covers loss of profits resulting from the interruption or irregular of the work due to an unexpected accident owing to breakdown of machinery.

Deterioration of Stock Insurance

This insurance is a form of consequential loss cover, especially available for stocks contained in cold stores. The cover is for the goods specified in the proposal, which suffer loss or damage caused by deterioration due to any unforeseen and sudden physical loss or damage to the machinery specified in the list of machinery declared and indemnifiable under the machinery breakdown policy in force, then such deterioration will be indemnified.

Boiler and Pressure Vessel

This policy indemnifies the insured against loss or damage to boilers and other pressure vessels caused by explosion or collapse in the course of ordinary working. Extensions available to surrounding property of the insured, legal liability for third party, bodily injury and property damage etc.