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Business insurance

It’s a single policy with the below mentioned sections only the sections that are relevant to your business will be covered with Fire and burglary being mandatory.

Business Insurance

Applicable to MSMEs and large corporates,

Fire and special perils – covers damage and losses of property (building and /contents) caused by fire and special perils
Burglary – covers losses or damage resulting from or following the unlawful breaking and entering of designated premises or places of safekeeping.
Consequential loss– A consequential loss is an indirect adverse impact caused by damage to business property or equipment, also called business interruption or business income insurance.
All Risks – covers everything (any peril), expect the perils which are clearly listed under the exclusion head.
Fidelity Guarantee – covers the employer against for the loss of money, loss of stock or property which might result from acts of dishonesty by an employee in the course of employment.
Electronic Equipment– provides comprehensive cover for unforeseen and sudden physical loss or damage to the electronic equipment and data media. This damage must occur due to a peril that is not specifically excluded under the policy.
Goods in Transit – cover for loss or damage to various types of goods while in transit by road, rail or any inland waterway within the geographical area set out in the policy.

Cash in transit/Money – covers against loss of money while in the insured premises locked in a safe, in transit en-route to a final destination and while in custody of and authorized employee
Machinery Breakdown – protects you from financial loss when your machines break down or are accidentally damage.
Political Violence and Terrorism – covers against physical loss and damage, as well as business interruption costs, as a result of a terrorist act or acts of political violence such as riot, strike, civil commotion, revolution, war, civil war, rebellion, insurrection, sabotage, coup d’état and malicious damage, and consequential looting.

Applicable to MSMEs and large corporates,

WIBA/WIBA Plus – covers employees of the Insured whilst on duty and engaged in the execution of the Insured’s business &/or any project undertaken by the insured, against accidental bodily injury, disablement or death or occupational illness
Employers Liability – covers is a policy that protects employers against legal liability under common law, negligence or breach of statutory duty for damages and claimant’s costs and expenses of litigation in respect of accidents, diseases or even death to employees happening in the course of employment. It is therefore necessary for that Employers’ liability insurance be arranged in addition to WIBA policy which is compulsory by law
Public Liability – covers is a policy that protects against claims of personal injury or property damage that a third party suffers (or claims to have suffered) as a result of your business activities.
Professional indemnity – liability insurance which helps protect professionals from legal liability that may arise due to acts of negligence, error or omission in the rendering of or failure to render professional services for others in the insured’s capacity as a professional

Contractors All-risk Insurance – This policy Covers the contractor for the loss or damage of contract works, material and equipment from perils that may occur during the course of construction of buildings, roads, bridges, dams, and other infrastructure. The perils covered include fire, lightning, flood, storm and tempest, acts of God, theft, malicious damage and impact damage. The policy is extended to include liabilities to third parties for bodily injury or damage of property.
Carrier Warehouse Liability – This policy provides cover against legal liability for negligence at common law and/or private carrier in respect to loss or damage of property/goods or merchandise in the custody of the Insured happening during any period of insurance and within the geographical limits. The policy can also be extended to include cover for the loss or damage of property in the store/bonded warehouse. It’s ideal for business men or companies that hold goods or merchandise in trust or commission.

Business insurance

Business Insurance

Applicable to MSMEs and large corporates,

Applicable to MSMEs and large corporates,

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