What property Insurance should SMEs buy?

Property Insurance is an essential tool that helps in smooth functioning of business even after a mishap. Every SME owner remains sceptical to buy property insurance but it should be the first priority for small businesses. There are some unfortunate events such as fire, theft, earthquake etc which could hamper the working of a business, […]

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What will be the cost of a fire insurance policy?

Fire Insurance is the perfect protection plan for your offices, home and any other workplace. It protects your building, assets, furniture and fixtures against series of perils. Claims under this policy can be settled either on the market value basis or on a reinstatement value basis. One should invest in fire insurance as it offers […]

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What is Co-insurance Clause in Property Insurance?

Co-insurance is an important clause in office insurance policy which is defined as the ‘sharing of risk’ between multiple insurance companies. Usually, one insurance company lead the policy document, and that insurer would be responsible for different aspects of the policy document, including the claim. In such a case, the insurance company will levy a […]

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What is an All-Risk Property Insurance Policy?

An all-risk property insurance policy means that the policy will cover everything, expect the perils which are clearly listed under the exclusion head. It means, if something is not specifically excluded from the all-risk property insurance policy, it would be covered by the insurer. Often known as a comprehensive insurance policy, an all-risk property insurance […]

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What are the most important features of an umbrella insurance policy?

An umbrella insurance policy is a type of an extra liability insurance used by many businesses. This insurance is crafted to protect the insured against significant claims and lawsuits and ultimately helps to protect the insured’s assets and the business future. An umbrella insurance policy provides the following coverage: Injuries Personal liability situations Damage to […]

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What are Some Items Typically Excluded From Property Insurance Policy?

  A property insurance is an umbrella term which comprises of various insurance policies like office insurance, construction all risk policy, engineering all risk policy, factory & warehouse insurance, motor fleet insurance and art insurance, etc. Though, the purpose of a property insurance is to offer complete coverage against various natural and man-made perils like […]

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Why Should We Buy Property Insurance?

The most important reason to purchase property insurance is the uncertainty of future. You can’t predict what would happen in the next moment, and therefore, to get complete coverage against the life’s uncertainty, it is essential to buy a property insurance policy. A property insurance policy is an umbrella policy which includes office insurance, factory […]

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What is the Definition of Commercial Property Insurance?

As the term itself says, a commercial property insurance policy helps people in business by covering their commercial property, against a myraid of losses or damages. In most of the cases, a commercial property insurance policy offers coverage for standard fire & special perils and burglary. As the cases of burglary in business premises are […]

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What is Errors and Omissions Insurance in Real Estate?

As a real estate professional or a broker involved in the property market, you may be committed to your clients. However, what if you advise your client to invest in a particular property deal which turns out to be wrong? You might be sued by the client. If God forbid, the verdict goes against you, […]

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What is Commercial Crime Insurance Coverage?

A commercial crime insurance is a policy which offers comprehensive cover and provides protection against employees’ theft and any losses from forgery, computer fraud, etc. In the event of any commercial crime, it becomes the duty of the insurance company to safeguard the policyholder against various losses or damages. Undeniably, you can’t ignore white collar […]

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