Property insurance covers the damage caused to your property due to unexpected fire, burglary and/or natural perils. They are designed to also protect your ongoing construction projects from various kinds of damages, even before the project is completed and ready for inhabitation. You can now effectively insure your warehouse, the goods stored in them and goods stored in the factory from any form of damage that could lead to huge loss in finances.
With marine insurances, cover all your ships, goods and cargo transported by means of sea, rail, road, air or waterways, from all kinds of risks during a journey. Various risks that prevail during goods transportation are: damage to goods or the damage to the vessel/vehicle itself. You can insure your shipments whether imported or exported, from several risks. This also covers goods that move across several locations before final delivery.
Protect yourself against unexpected liability claims arising from third parties, due to bodily injury or property damage or from customers due to deficiency and negligence in service. Liability insurances can also protect key executives and directors from litigation brought about by their role in the company. This insurance covers the cost of litigation and the final court awards. These insurances help in coping with any unnecessary litigation.
There are certain insurances like cyber risk, commercial crime insurance and carriers’ legal liability that are made for specific industries. Cyber risk will protect you from the financial loss due to failure of IT systems. Carriers’ legal liability protects fleet owners and transporters from damage to goods and merchandise transported in the vehicle. Commercial crime insurance covers financial services companies from a variety of criminal acts.
The purpose of a commercial insurance is to keep the business up and running by protecting it from potential losses from accidents. Commercial insurances are classified into 3 broad headers: Liability, Marine and Property insurance.
To answer the question - How to choose commercial insurance that suits your business? Choosing the right commercial insurance can be a solution to most of your business’ issues and this requires proper evaluation based on the industry of operation.
We have a vast range of commercial insurance policies to back your business against all the odds.
The types of commercial insurance policies available are:
Each type of commercial insurance would have its own set of warranties and exclusions. For example, most liability products exclude known issues, prior acts, fraud and contractual guarantees. Similarly, property insurances would exclude gradual losses and willful negligence.
We have specialized underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
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