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How much coverage does construction all-risk insurance provides?

As a contractor, it’s your responsibility to ensure the financial protection of the civil engineering work, you are carrying out. Therefore, it is essential to get financial protection against various losses or damages. This you can do with the cover in construction all-risk insurance policy that can be helpful. The policy would play an imperative […]

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What are the 12 perils of standard fire insurance policy?

The 12 Perils of Standard Fire Insurance Policy A fire insurance policy is a contract between the policyholder and the insurance company to indemnify the insured for the financial losses suffered due to the destruction or damage of the property/goods caused by the fire. All the movable and immovable properties like buildings, plants & machinery, […]

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Which Assets are Not Covered by The Fire Insurance Policies?

Any individual with an insurable interest in a property should purchase a fire insurance policy. The policy is a comprehensive cover that provides for losses incurred due to a fire. Any individual who owns a property, plant, manufacturing unit, stocks, bank, financial institution, etc. should purchase a fire insurance policy. The premium for the policy […]

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Why Should We Buy Property Insurance?

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

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Risks You Should Consider While Running a Construction Business

The construction business is one of the most complex ones in the industrial sector due to the involvement of machines and equipment on a large scale. Their use increases the risks of accidents at the site. A construction project includes complex and time-consuming procedures with deadlines that can be tough to meet due to the […]

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What Factors You Need to Consider About Property Insurance Coverage

It is good that you are thinking about buying property insurance, however, there are some factors that you should consider in order to ensure you choose the right one= Have a clear understanding of the claim process Two insurance companies can promise to give you the same coverage, but they can vastly differ when it […]

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What are the physical hazards in fire insurance?

The insurance industry uses the terms like risks, perils, and hazards to differentiate between various conditions of insurance. The possibility of loss is denoted by the term ‘risk’, whereas the term ‘peril’ denotes the cause of the loss. The term ‘hazard’ denoted a condition that increases the possibility of loss. Physical hazards in fire insurance […]

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How is Indemnity Estimated in Fire Insurance?

The principle of indemnity ensures that there is no profit to the insured after the claim, and he/she only retains his/her financial position as it was before the loss. Estimation of indemnity will consider all the ways and methods to ensure this application in every insurance contract including fire Insurance. Indemnity is estimated in Fire […]

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