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Benefits of Leased Equipment Insurance

A specific type of insurance known as “leased equipment insurance” shields companies from monetary losses from renting machinery or other equipment. It ensures that organizations may carry on uninterrupted operations by protecting leased assets from harm, theft, or loss.  Leasing equipment insurance is essential since it can help reduce risks, fulfill the lease terms, and […]

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What type of equipment can a hospital cover under medical equipment insurance policy and what are the risks covered?

You must have seen many big medical institutes like a hospital or any other well-dedicated medical facility having dozens of high-quality medical equipment on their premises. The evolution of medical science has brought plenty of high-capacity machinery used for medical purposes like MRI scanning machines, CT-scan machines, X-rays, etc. All this equipment needs proper maintenance […]

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How Earthquake extension clause impacts the premium of fire insurance?

A fire insurance policy provides coverage against any property loss or damage in the event of a fire. Policy documents specify perils like fire, lightning, aircraft damage, storm, typhoon, and hurricane, offering insured protection. This article will explore the addition of an earthquake extension clause to a fire insurance policy. Unfortunately, earthquake damage is not […]

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What are goods held in the trust clause in fire insurance?

Fire incidents can be destructive and disheartening as they occur. Fire accidents can cause substantial emotional and financial loss. It is prudent for businesses, irrespective of the size and sector, to avail of fire insurance policy to safeguard themselves financially from the losses that may arise from fire incidents. It’s helpful to comprehend the ‘goods […]

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Select the right insurer for Hospital Property & Medical lab Equipment

In a country like India, with 50+ insurance companies when it comes to buying a property insurance, it is about trusting an insurer with your hard-earned money. Choosing a right policy for your hospital can be a challenging task, given the multiplicity of products available in the market. Buying an hospital property insurance policy is […]

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