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Property Insurance

We help in finalizing the Best of insurance covers for minimum premium.

We also help Insurers for better understanding of risks and negotiate for better terms.

Below given are some of the most commonly sought after policies in respect of Property insurances.

Fire Department

Standard Fire and Special Perils Policy (SFSP Policy):This policy covers not only the losses caused by Fire perils but also host of other perils such as Lightning, Explosion, Implosion, Flood, Storm, Riot, Strike, Malicious Damage, Aircraft Damage, Impact Damage, Subsidence, Landslide etc. Earthquake, Terrorism risks etc can also be covered additionally.

Consequential Loss (Fire) or FLOP (Fire Loss of Profit) Policy: This policy is issued in conjunction with SFSP policy. This policy covers loss of profit following damage to physical assets covered under SFSP policy.

Industrial All Risk Policy (IAR) Policy: It is a combination of SFSP policy and FLOP policy. Apart from the same, it also covers physical loss due to machinery breakdown. Loss of profit following machinery breakdown (MLOP) can also covered if required. Further, it is an All Risk cover policy and hence the scope of cover is very wide as compared to SFSP policy. It is possible to issue a policy called Mega Policy by customizing the requirements in case of large risks.

The above are traditionally said to be policies coming under Fire Department.

Engineering Department - Operational
Annual Policies

The below given policies are of great use in industrial and commercial establishments.

1. Machinery Breakdown Insurance (MBD): This policy covers loss or damage due to breakdown of electrical or mechanical equipments due to instances such as entry of foreign particle, faulty material or design, vibration, maladjustment, defective lubrication, electrical pressure, self-heating etc. Furnace, D.G.Sets, Transformers, Compressors, Cooling Towers, Cutting machines, Conveyors etc can be insured under this.

2. Machinery loss of profit (MLOP): Reduction or Loss of profit following machinery breakdown referred above is covered under this policy. This is issued in conjunction with MBD policy.

3. Electronic Equipment Insurance (EEI): This is an All Risk policy which covers virtually all types of damages to electronic equipments (such as computers) and also auxiliary equipments (such as UPS, Printers ). This policy can be taken in respect of various types of electronic equipments used in office, Communication equipments, Medical equipments, etc. The coverage can be extended to include external data media and also cost of hiring alterative equipment in case of insured equipment suffering breakdown.

4. Contractor’s Plant and Machinery Insurance (CPM): This policy covers all types of accidental loss or damage (other than breakdown) to contractor’s equipments whilst these equipments are being used in the site specified. TP liability arising out of use of these equipments can also be covered separately. Cranes, Forklift trucks, Mixing Plants, Road rollers etc can be insured under this.

5. Boiler Explosion and Pressure Plant Insurance (BPP): Covers loss or damage to industrial boilers due to it’s own explosion or implosion. The damage to other property of same owner and also liability towards third parties for injury/death/damage can also be covered.

Engineering Department - Project Policies

Contractors All Risk (CAR) Policy: This is an All Risk Policy covering all types of losses for the risks associated with civil engineering projects such as construction of buildings, bridge, roads, flyovers, etc. The perils covered include Fire, lightning, explosion, impact damage, flood, storm, theft, burglary etc. Earthquake and Terrorism risks can also be covered. The policy has number of optional additional covers which allows virtual customization. The policy period coincides with the project period.

Erection All Risk (EAR) Policy: This is a similar policy like CAR policy but meant for Erection of individual machinery or entire factory

Advanced Loss of Profit (ALOP) Policy: This policy offers to compensate the loss of profit due to delay in starting of commercial operations owing to damage to project during it’s project phase. This is issued in conjunction with CAR or EAR Policy

Fire Department

Standard Fire and Special Perils Policy (SFSP Policy):This policy covers not only the losses caused by Fire perils but also host of other perils such as Lightning, Explosion, Implosion, Flood, Storm, Riot, Strike, Malicious Damage, Aircraft Damage, Impact Damage, Subsidence, Landslide etc. Earthquake, Terrorism risks etc can also be covered additionally.

Consequential Loss (Fire) or FLOP (Fire Loss of Profit) Policy: This policy is issued in conjunction with SFSP policy. This policy covers loss of profit following damage to physical assets covered under SFSP policy.

Industrial All Risk Policy (IAR) Policy: It is a combination of SFSP policy and FLOP policy. Apart from the same, it also covers physical loss due to machinery breakdown. Loss of profit following machinery breakdown (MLOP) can also covered if required. Further, it is an All Risk cover policy and hence the scope of cover is very wide as compared to SFSP policy. It is possible to issue a policy called Mega Policy by customizing the requirements in case of large risks.

The above are traditionally said to be policies coming under Fire Department.

Engineering Department - Operational Annual Policies

The below given policies are of great use in industrial and commercial establishments.

1. Machinery Breakdown Insurance (MBD): This policy covers loss or damage due to breakdown of electrical or mechanical equipments due to instances such as entry of foreign particle, faulty material or design, vibration, maladjustment, defective lubrication, electrical pressure, self-heating etc. Furnace, D.G.Sets, Transformers, Compressors, Cooling Towers, Cutting machines, Conveyors etc can be insured under this.

2. Machinery loss of profit (MLOP): Reduction or Loss of profit following machinery breakdown referred above is covered under this policy. This is issued in conjunction with MBD policy.

3. Electronic Equipment Insurance (EEI): This is an All Risk policy which covers virtually all types of damages to electronic equipments (such as computers) and also auxiliary equipments (such as UPS, Printers ). This policy can be taken in respect of various types of electronic equipments used in office, Communication equipments, Medical equipments, etc. The coverage can be extended to include external data media and also cost of hiring alterative equipment in case of insured equipment suffering breakdown.

4. Contractor’s Plant and Machinery Insurance (CPM): This policy covers all types of accidental loss or damage (other than breakdown) to contractor’s equipments whilst these equipments are being used in the site specified. TP liability arising out of use of these equipments can also be covered separately. Cranes, Forklift trucks, Mixing Plants, Road rollers etc can be insured under this.

5. Boiler Explosion and Pressure Plant Insurance (BPP): Covers loss or damage to industrial boilers due to it’s own explosion or implosion. The damage to other property of same owner and also liability towards third parties for injury/death/damage can also be covered.

Engineering Department - Project Policies

Contractors All Risk (CAR) Policy: This is an All Risk Policy covering all types of losses for the risks associated with civil engineering projects such as construction of buildings, bridge, roads, flyovers, etc. The perils covered include Fire, lightning, explosion, impact damage, flood, storm, theft, burglary etc. Earthquake and Terrorism risks can also be covered. The policy has number of optional additional covers which allows virtual customization. The policy period coincides with the project period.

Erection All Risk (EAR) Policy: This is a similar policy like CAR policy but meant for Erection of individual machinery or entire factory

Advanced Loss of Profit (ALOP) Policy: This policy offers to compensate the loss of profit due to delay in starting of commercial operations owing to damage to project during it’s project phase. This is issued in conjunction with CAR or EAR Policy

Marine Insurance

We help in finalizing the Best of insurance covers for minimum premium.

We also help Insurers for better understanding of risks and negotiate for better terms.

Below given are some of the most commonly sought after policies in respect of Property insurances.

Export and Import

The export import policy provides the international covers defined under Institute Cargo Clauses (ICC). The covers called ICC (A), ICC (B) and ICC (C) clauses cover different levels of risks and are universally understood. The insurance plan covers Perils like fire, lightning, stranding, grounding, sinking or capsizing of vessel, earthquake and many more, under these clauses. Maritime, Extraneous and Strike perils can also be covered under the export import insurance policy.

The export import insurance goes by internationally accepted practices of total and average loss while estimating the loss value. The total loss can arise when the subject matter is destroyed or lost forever or the damage is so extensive that it is uneconomical to repair the same. Average loss occurs when a part of the subject matter is damaged.

You can opt between different export import policies like specific, open and duty policy according to your requirement. The specific policy is issued for a specific transit and the insurance expires once the transit is over. Open Policy covers all the shipments over a period. Duty policy covers custom duty incurred in case of import. Sales Turnover insurance provide an umbrella cover within a specific sales turnover limit. The export import insurance policies are easy to administer and covers raw material and finished goods.

Inland

This inland marine insurance policy also covers inland movement of consignments for specified period of time which is usually one year. This policy is suitable for companies with numerous transactions throughout the year and provides continuous cover.

Provides protection against different types of losses:

  • Total loss of goods
  • Partial loss of goods
  • Related expenses while still in transit.

Insurance can be customized. The different types of policies are:

  • All Risk Cover – covers risks and damage to goods against all risks
  • Limited Extension cover which provides some extensions like risk against strike, violence & civil commotion
  • Basic risk cover- example, fire or lightning risk cover only.

An element of profit can also be included in the sum insured which is allowed by the insurers. This is referred to as mark up in Marine Insurance parlance

Merine Hull

The marine hull insurance covers damage or physical loss to your vessel, its equipment, engines and machinery. On paying additional premium you can cover the loss and damage due to terrorism, business interruption, third party liability and many more perils. The marine hull policy is highly customizable. It can cover vessels on the oceans, within rivers or operating in ports. An extension to cover the vessel in dry docks is also possible.

The marine hull insurance policy can cover inland vessels that use inland waterways. Marine policies cover perils like fire, explosion, collision, piracy and raising, removal or destruction of wrecks.

The marine hull insurance policy covers all types of ships and vessels like ocean going vessels, coastal and inland vessels, port crafts and sailing vessels. The scope of cover includes all risks related to Hull and Machinery, floating dry docks, shipbuilding and ship-breaking risk, freight and Protection and Indemnity (P & I) liabilities.

The claim settlement under a marine hull insurance policy is detailed. Documentation must be done carefully. Any delay in claim settlement can be escalated to us through our mobile app or contact number. We will ensure that the claim documentation is complete and the claim process happens fast and hassle free.

Specific Transits

The specific transit insurance policy provides cover for a single trip. Cover ceases to apply as soon as the cargo arrives at its destination. The policy is ideal for business owners who send out cargo items infrequently.

It is a freely assignable policy, offering different forms of coverage that may vary from All Risk Cover with ITC-A clauses to more specific Fire Risk Only Cover using ITC-C clauses.

You can take cover for all forms of contracts which are - FOB (Free on Board), C & F (Cost and Freight), CIF (Cost, Insurance and Freight). In case of FOB & C&F the buyer is responsible for the insurance, whereas in case of CIF, the seller is accountable for the insurance.

In case of export or import, specific transit, policy applies to the physical loss and damage of cargo in transit via sea, rail, road & air under internationally recognized Institute Clauses A, B & C.

Export and Import

The export import policy provides the international covers defined under Institute Cargo Clauses (ICC). The covers called ICC (A), ICC (B) and ICC (C) clauses cover different levels of risks and are universally understood. The insurance plan covers Perils like fire, lightning, stranding, grounding, sinking or capsizing of vessel, earthquake and many more, under these clauses. Maritime, Extraneous and Strike perils can also be covered under the export import insurance policy.

The export import insurance goes by internationally accepted practices of total and average loss while estimating the loss value. The total loss can arise when the subject matter is destroyed or lost forever or the damage is so extensive that it is uneconomical to repair the same. Average loss occurs when a part of the subject matter is damaged.

You can opt between different export import policies like specific, open and duty policy according to your requirement. The specific policy is issued for a specific transit and the insurance expires once the transit is over. Open Policy covers all the shipments over a period. Duty policy covers custom duty incurred in case of import. Sales Turnover insurance provide an umbrella cover within a specific sales turnover limit. The export import insurance policies are easy to administer and covers raw material and finished goods.

Inland

This inland marine insurance policy also covers inland movement of consignments for specified period of time which is usually one year. This policy is suitable for companies with numerous transactions throughout the year and provides continuous cover.

Provides protection against different types of losses:

  • Total loss of goods
  • Partial loss of goods
  • Related expenses while still in transit.

Insurance can be customized. The different types of policies are:

  • All Risk Cover – covers risks and damage to goods against all risks
  • Limited Extension cover which provides some extensions like risk against strike, violence & civil commotion
  • Basic risk cover- example, fire or lightning risk cover only.

An element of profit can also be included in the sum insured which is allowed by the insurers. This is referred to as mark up in Marine Insurance parlance

Merine Hull

The marine hull insurance covers damage or physical loss to your vessel, its equipment, engines and machinery. On paying additional premium you can cover the loss and damage due to terrorism, business interruption, third party liability and many more perils. The marine hull policy is highly customizable. It can cover vessels on the oceans, within rivers or operating in ports. An extension to cover the vessel in dry docks is also possible.

The marine hull insurance policy can cover inland vessels that use inland waterways. Marine policies cover perils like fire, explosion, collision, piracy and raising, removal or destruction of wrecks.

The marine hull insurance policy covers all types of ships and vessels like ocean going vessels, coastal and inland vessels, port crafts and sailing vessels. The scope of cover includes all risks related to Hull and Machinery, floating dry docks, shipbuilding and ship-breaking risk, freight and Protection and Indemnity (P & I) liabilities.

The claim settlement under a marine hull insurance policy is detailed. Documentation must be done carefully. Any delay in claim settlement can be escalated to us through our mobile app or contact number. We will ensure that the claim documentation is complete and the claim process happens fast and hassle free.

Specific Transits

The specific transit insurance policy provides cover for a single trip. Cover ceases to apply as soon as the cargo arrives at its destination. The policy is ideal for business owners who send out cargo items infrequently.

It is a freely assignable policy, offering different forms of coverage that may vary from All Risk Cover with ITC-A clauses to more specific Fire Risk Only Cover using ITC-C clauses.

You can take cover for all forms of contracts which are - FOB (Free on Board), C & F (Cost and Freight), CIF (Cost, Insurance and Freight). In case of FOB & C&F the buyer is responsible for the insurance, whereas in case of CIF, the seller is accountable for the insurance.

In case of export or import, specific transit, policy applies to the physical loss and damage of cargo in transit via sea, rail, road & air under internationally recognized Institute Clauses A, B & C.

Liability Insurance

We provide number of options available in respect this every increasing risk exposure and make things simpler to customers.These are somewhat complicated insurances which we try to make it simple for our customers while taking care of customer’s interest totally.With legal awareness being on rise and corporate frauds being on ever increasing trend, these policies provide protection against unexpected huge exposure.Understanding the customer’s requirement happens to be of paramount importance which we excel in.We help in finalizing the Best of insurance covers for minimum premium.

We also help Insurers for better understanding of risks and negotiate for better terms.Below given are some of the most commonly sought after policies in respect of Liability insurances.

Employee Compensation/Workmen Compensation Policy

It pays for liability of the Insured Employer as per Workmen Compensation Act/Employee Compensation Act for the personal injury sustained or disease suffered by the employee during the Course of Employment and Out of Employment.The policy can be extended to cover liability as per Common Law or Fatal Accident Act.

Public Liability Insurance

Public Liability (Act) Insurance to cover the liability of the insured who owns, controls or handles certain named hazardous chemicals, detailed in the provision of the Act (Public liability Insurance Act 1991) towards third parties for the personal injury including death or property damage. This insurance is compulsory in respect of people referred above.

Public Liability (Industrial Risks) Insurance to cover the liability of factory owners or owners of goods in depot towards third parties for accidents arising out of their business operations.

Public Liability (Non-Industrial Risks) Insurance to cover the risks of Hotel owners, Clubs, Auditorium, Offices, Schools, Hospitals etc towards third parties from accidents arising out of their operations. The specific risk of food & beverage supplied by hotel, risk of swimming pool or entertainment facility provided by resort etc are also covered.

Professional Indemnity Insurance

This policy can be taken by professionals such as Doctors, CAs, Solicitors, Architects etc. The Policy covers liability of these Professionals towards their customers for error, omission or negligence in the professional service rendered by them. (Claim for Professional negligence). Individual professionals or firms can also go for this policy.

The policy can be offered as ‘Errors and Omission Policy’ for any commercial establishment including Hospitals.

Errors and Omissions Policy

Errors and Omissions cover is similar to Professional Indemnity cover. It protects the financial interest of the organization against claim for negligence, errors, omissions or wrongful acts in the performance of professional duties for a fee. It does include acts involving negligence or malpractices. The policy covers, claim in respect of loss caused due to insured’s negligence or wrongful act or wrongful act of any other person to whom the work is outsourced by Insured and Insured being legally liable to it’s customers.

Product Liability Insurance

This policy covers the liability of the Insured to pay compensation for injury including death, damage or pollution arising out of use of the product due to defects in products supplied. Here, risks associated with tangible property only is covered. However, it is possible to cover similar risks in respect of services rendered (like any repair work etc-Completed Operations). In respect of property, the liability arises only after it has left the insured’s premises.

Commercial General Liability (CGL) Insurance

This policy provides protection against claims for bodily injury or property damage and host of other liabilities including Advertisement Injury, Personal Injury (Libel & Slander) etc. Personal Injury includes discrimination, harassment (other than employees) etc. Bodily Injury includes mental agony, humiliation, mental anguish, etc. Advertisement Injury includes trademark infringement. The policy can also be extended to include Product & Completed Operations, Liability in respect of rented premise, Medical Expenses liability, Pollution liability, etc

Director’s & Officer’s Liability Insurance ( D & O Insurance)

The policy protects the Directors and Officers in respect of allegation of wrongful conduct while acting as Director or Officer.

This cover is suitable for those Directors & key officers who are in a decision -making position. The directors and officers in pursuance of their duties may take some actions which may be in violation of certain statutes or Indian Laws. The insured can include Directors & Officers of its "subsidiary Company" also, subject to some conditions.

The wrongful acts can be a breach of duty, breach of trust, neglect, error, misstatement or misleading statements, omission or breach of any Act or any attempts to breach of any Indian Laws.

The policy also indemnifies the Directors or Officers against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.

Cyber Insurance Cover

Cyber liability insurance coverage is designed to protect businesses against liability and expenses arising from the theft or loss of data, as well as liability and expenses arising from a breach of data security or privacy, particularly when the companies are hosting client information.Insurance cover also offers access to the services of cyber incident response specialists, crisis communication providers and legal experts to ensure that, both the financial and reputational repercussions of a breach are effectively managed.

Kidnap & Ransom Insurance

Kidnap and Ransom also called as Extortion Insurance not only protects against financial loss but also provides the services ofa Crisis Management Agency and security consultants, to manage incident on the policy holder’s behalf. Covered Events include Kidnap/Alleged Kidnapping, Extortion, Wrongful detention, Hijacking and offers indemnity in respect of ransom money, Loss in transit, Consultant cost, 24 hours help of experts, Defence cost etc.

Employee Compensation/Workmen Compensation Policy

It pays for liability of the Insured Employer as per Workmen Compensation Act/Employee Compensation Act for the personal injury sustained or disease suffered by the employee during the Course of Employment and Out of Employment.The policy can be extended to cover liability as per Common Law or Fatal Accident Act.

Public Liability Insurance

Public Liability (Act) Insurance to cover the liability of the insured who owns, controls or handles certain named hazardous chemicals, detailed in the provision of the Act (Public liability Insurance Act 1991) towards third parties for the personal injury including death or property damage. This insurance is compulsory in respect of people referred above.

Public Liability (Industrial Risks) Insurance to cover the liability of factory owners or owners of goods in depot towards third parties for accidents arising out of their business operations.

Public Liability (Non-Industrial Risks) Insurance to cover the risks of Hotel owners, Clubs, Auditorium, Offices, Schools, Hospitals etc towards third parties from accidents arising out of their operations. The specific risk of food & beverage supplied by hotel, risk of swimming pool or entertainment facility provided by resort etc are also covered.

Professional Indemnity Insurance

This policy can be taken by professionals such as Doctors, CAs, Solicitors, Architects etc. The Policy covers liability of these Professionals towards their customers for error, omission or negligence in the professional service rendered by them. (Claim for Professional negligence). Individual professionals or firms can also go for this policy.

The policy can be offered as ‘Errors and Omission Policy’ for any commercial establishment including Hospitals.

Errors and Omissions Policy

Errors and Omissions cover is similar to Professional Indemnity cover. It protects the financial interest of the organization against claim for negligence, errors, omissions or wrongful acts in the performance of professional duties for a fee. It does include acts involving negligence or malpractices. The policy covers, claim in respect of loss caused due to insured’s negligence or wrongful act or wrongful act of any other person to whom the work is outsourced by Insured and Insured being legally liable to it’s customers.

Product Liability Insurance

This policy covers the liability of the Insured to pay compensation for injury including death, damage or pollution arising out of use of the product due to defects in products supplied. Here, risks associated with tangible property only is covered. However, it is possible to cover similar risks in respect of services rendered (like any repair work etc-Completed Operations). In respect of property, the liability arises only after it has left the insured’s premises.

Commercial General Liability (CGL) Insurance

This policy provides protection against claims for bodily injury or property damage and host of other liabilities including Advertisement Injury, Personal Injury (Libel & Slander) etc. Personal Injury includes discrimination, harassment (other than employees) etc. Bodily Injury includes mental agony, humiliation, mental anguish, etc. Advertisement Injury includes trademark infringement. The policy can also be extended to include Product & Completed Operations, Liability in respect of rented premise, Medical Expenses liability, Pollution liability, etc

Director’s & Officer’s Liability Insurance ( D & O Insurance)

The policy protects the Directors and Officers in respect of allegation of wrongful conduct while acting as Director or Officer.

This cover is suitable for those Directors & key officers who are in a decision -making position. The directors and officers in pursuance of their duties may take some actions which may be in violation of certain statutes or Indian Laws. The insured can include Directors & Officers of its "subsidiary Company" also, subject to some conditions.

The wrongful acts can be a breach of duty, breach of trust, neglect, error, misstatement or misleading statements, omission or breach of any Act or any attempts to breach of any Indian Laws.

The policy also indemnifies the Directors or Officers against loss arising from claims made against them by reason of any wrongful Act in their Official capacity.

Cyber Insurance Cover

Cyber liability insurance coverage is designed to protect businesses against liability and expenses arising from the theft or loss of data, as well as liability and expenses arising from a breach of data security or privacy, particularly when the companies are hosting client information.Insurance cover also offers access to the services of cyber incident response specialists, crisis communication providers and legal experts to ensure that, both the financial and reputational repercussions of a breach are effectively managed.

Kidnap & Ransom Insurance

Kidnap and Ransom also called as Extortion Insurance not only protects against financial loss but also provides the services ofa Crisis Management Agency and security consultants, to manage incident on the policy holder’s behalf. Covered Events include Kidnap/Alleged Kidnapping, Extortion, Wrongful detention, Hijacking and offers indemnity in respect of ransom money, Loss in transit, Consultant cost, 24 hours help of experts, Defence cost etc.

Engineering Insurance

We also help Insurers for better understanding of risks and negotiate for better terms.Below given are some of the most commonly sought after policies in respect of Liability insurances.

Construction All Risk

Policy is specially designed to give financial protection to civil engineering contractors in the event of an accident to under-construction civil construction. It also covers third party liability that may arise due to accidents at the construction site.

Covers liability that may arise from the damage of owner’s surrounding properties due to ongoing construction activities.

Flexibility to pay premium in quarterly or annual installments

The policy requires that the sum insured should not be less than the total value of the erected property including freights, custom duty, and cost of construction with minor adjustments that may vary due to increase or decrease of wages or prices at the time of policy purchase.

Erection All Risk

The policy provides cover at various stages of an erection project that involves–Storage, Testing, Maintenance or Commissioning at a plant or machinery engineering site.

Engineering All Risk insurance policies may also cover the professional fees with respect to the reinstatement of the work.

Offers cover against legal liability that may arise to a third party for bodily injury and property damage caused to them due to an accident at The premium depends upon the type of the erection project, duration of the project, excess options and the sum insured. If the period of the policy exceeds 12 months, premium can be paid in installments.

Contractor Plant and Machinery Policy

Coverage

CPM insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

Extensions

Many CPM insurance policies offer optional extensions to cover additional costs your business may face in the event of an accident. These include damage to the owner’s surrounding property, air or express freight for replacement equipment, and removal of debris.

Construction All Risk

Policy is specially designed to give financial protection to civil engineering contractors in the event of an accident to under-construction civil construction. It also covers third party liability that may arise due to accidents at the construction site.

Covers liability that may arise from the damage of owner’s surrounding properties due to ongoing construction activities.

Flexibility to pay premium in quarterly or annual installments

The policy requires that the sum insured should not be less than the total value of the erected property including freights, custom duty, and cost of construction with minor adjustments that may vary due to increase or decrease of wages or prices at the time of policy purchase.

Erection All Risk

The policy provides cover at various stages of an erection project that involves–Storage, Testing, Maintenance or Commissioning at a plant or machinery engineering site.

Engineering All Risk insurance policies may also cover the professional fees with respect to the reinstatement of the work.

Offers cover against legal liability that may arise to a third party for bodily injury and property damage caused to them due to an accident at The premium depends upon the type of the erection project, duration of the project, excess options and the sum insured. If the period of the policy exceeds 12 months, premium can be paid in installments.

Contractor Plant and Machinery Policy

Coverage

CPM insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

Extensions

Many CPM insurance policies offer optional extensions to cover additional costs your business may face in the event of an accident. These include damage to the owner’s surrounding property, air or express freight for replacement equipment, and removal of debris.

Employee Benefits Insurance

We help in finalizing the Best of insurance covers for minimum premium.

Group Health Insurance

Group Health insurance provides significantly better benefits than individual health insurance. Employees or group members do not require a medical checkup, waiting periods for existing diseases can be waived off, premiums are lower, maternity expenses or corporate floaters can be added to the cover.

In group insurance policies, the risk is spread over a large group of individuals and that helps reduce the premium cost due to the economies of scale. However, the premium can be highly variable for group health insurance due to claim ratio and number of employees/members added to or removed from the cover.

You can customize the policy according to your needs. You can add more benefits apart from the basic policy provisions already available in any mediclaim policy. For example, parents can be covered, day care treatments can be increased, accidental cover rider and maternity benefits can be increased. This flexibility allows the group health insurance to be tailored to your budget with your specific requirements.

Group personal accident insurance

Covers accidental death, permanent disability and temporary total disability. It also covers medical expenses linked to accident.

It is possible to have varying sum assureds for different companies. Coverage can vary by grade, designation, profile, salary and marital status.

Add-ons are available to cover education expenses for children in case of parent's death.

Group Term Life Insurance

Life cover with flexibility in choosing the plan, offer secure income in event of disability and flexibility to increase the amount of coverage at key stages of life like marriage and child birth.

It is possible to have multiple sums assured in the policy. Coverage can vary by grade, designation, number of dependents, marital status, profile and salary.

Policyholders can increase the sum assured of the members during the year due to salary hike, promotions or any other valid reasons, but the definition for the cover should not change for the group.

Group Gratuity

Investment of gratuity fund in unit linked investment portfolio will reduce business costs. A good plan will help you reward your employees well without a financial impact on your business.

Group Gratuity Schemes pay gratuity benefits and can also provide a death benefit for employees.

The annual gratuity contribution by an employer is treated as expenditure while calculating tax; Income from gratuity is exempted from tax up to the limit specified and subject to conditions under section 10(10).

Group Travel Insurance

Cover for different situations which include trip cancellation, trip interruption, medical issues and loss of luggage or any other personal belongings.

Offer international business trip policy as well as multi-trip business travel policy.

Group Health Insurance

Group Health insurance provides significantly better benefits than individual health insurance. Employees or group members do not require a medical checkup, waiting periods for existing diseases can be waived off, premiums are lower, maternity expenses or corporate floaters can be added to the cover.

In group insurance policies, the risk is spread over a large group of individuals and that helps reduce the premium cost due to the economies of scale. However, the premium can be highly variable for group health insurance due to claim ratio and number of employees/members added to or removed from the cover.

You can customize the policy according to your needs. You can add more benefits apart from the basic policy provisions already available in any mediclaim policy. For example, parents can be covered, day care treatments can be increased, accidental cover rider and maternity benefits can be increased. This flexibility allows the group health insurance to be tailored to your budget with your specific requirements.

Group personal accident insurance

Covers accidental death, permanent disability and temporary total disability. It also covers medical expenses linked to accident.

It is possible to have varying sum assureds for different companies. Coverage can vary by grade, designation, profile, salary and marital status.

Add-ons are available to cover education expenses for children in case of parent's death.

Group Term Life Insurance

Life cover with flexibility in choosing the plan, offer secure income in event of disability and flexibility to increase the amount of coverage at key stages of life like marriage and child birth.

It is possible to have multiple sums assured in the policy. Coverage can vary by grade, designation, number of dependents, marital status, profile and salary.

Policyholders can increase the sum assured of the members during the year due to salary hike, promotions or any other valid reasons, but the definition for the cover should not change for the group.

Group Gratuity

Investment of gratuity fund in unit linked investment portfolio will reduce business costs. A good plan will help you reward your employees well without a financial impact on your business.

Group Gratuity Schemes pay gratuity benefits and can also provide a death benefit for employees.

The annual gratuity contribution by an employer is treated as expenditure while calculating tax; Income from gratuity is exempted from tax up to the limit specified and subject to conditions under section 10(10).

Group Travel Insurance

Cover for different situations which include trip cancellation, trip interruption, medical issues and loss of luggage or any other personal belongings.

Offer international business trip policy as well as multi-trip business travel policy.

Miscellaneous Insurance

We help in finalizing the Best of insurance covers for minimum premium.

Crop Insurance

The type of crop insurances in respect of loanee farmers depends upon the National Crop Insurance Programme/Scheme and adoption of the same by State Governments for different crops and districts. However, Non-loanee farmers can go for any type of insurance as per their choice

Apart from National Agricultural Insurance Scheme (NAIS) which is serviced by Agricultural Insurance Company of India (AIC), the following are the major types of crops insurance in vogue in last couple of years.

Weather based crop Insurance Scheme (WBCIS) covers loss due to variation in various weather parameters such as Rain, Humidity, temperature, etc. The compensation is fixedseparately for variation of each unit of agreed weather parameters during different periods. This operates somewhat on Input cost basis.

Modified National Agricultural Insurance Scheme (MNAIS) operates on expected yield basis and hence pays for variation in yield. Perils covered here is much wider and includes pests and diseases. Losses during pre-sowing and post-harvest period is also covered subject to certain conditions.

Pradhan MantriFasalBimaYojana (PMFBY) announced during 2016 focuses more on Income/Revenue following Area approach. This policy also offers cover in respect of Pre-sowing and Post-Harvest risks.

Burglary Insurance

The Policy covers theft of the property following Forcible and Violent entry in to the premises or theft accompanied by forcible exit from the insured premises.

Loss by theft without any forcible entry or exit can also be covered as an additional cover.

Money Insurance

Loss of money in transit due to any cause (a comprehensive- All risk cover) including infidelity of cash carrying employee

Loss of money whilst in counter during business hours due to Burglary & Housebreaking or hold-up

Loss of money whilst in safe after office/business hours due to Burglary & Housebreaking

Fidelity Guarantee Insurance

Direct financial Loss suffered by employers due to infidelity acts & dishonesty of employees within their assigned roles

Plate Glass Insurance

Sudden and unforeseen damage to fixed plate glass resulting in breakage of glass. Even moving glass, frame work, embossing, etching, art work, lettering on glass can also be covered specifically.

Sign Board Insurance

Sudden Physical damage to Hoardings, Glow Sign boards, Neon sign boards due to

All Risks Insurance

Loss or Damage to insured property due to any cause except for specific exclusions. Indicative list of causes/perils covered include Fire, Lightning, Flood, Storm, Impact Damage, Burglary, Riot & Strikes etc. This policy is very useful for portable equipments/items which are generally carried outside business premises. Territorial cover can be India or Worldwide as agreed.

Crop Insurance

The type of crop insurances in respect of loanee farmers depends upon the National Crop Insurance Programme/Scheme and adoption of the same by State Governments for different crops and districts. However, Non-loanee farmers can go for any type of insurance as per their choice

Apart from National Agricultural Insurance Scheme (NAIS) which is serviced by Agricultural Insurance Company of India (AIC), the following are the major types of crops insurance in vogue in last couple of years.

Weather based crop Insurance Scheme (WBCIS) covers loss due to variation in various weather parameters such as Rain, Humidity, temperature, etc. The compensation is fixedseparately for variation of each unit of agreed weather parameters during different periods. This operates somewhat on Input cost basis.

Modified National Agricultural Insurance Scheme (MNAIS) operates on expected yield basis and hence pays for variation in yield. Perils covered here is much wider and includes pests and diseases. Losses during pre-sowing and post-harvest period is also covered subject to certain conditions.

Pradhan MantriFasalBimaYojana (PMFBY) announced during 2016 focuses more on Income/Revenue following Area approach. This policy also offers cover in respect of Pre-sowing and Post-Harvest risks.

Burglary Insurance

The Policy covers theft of the property following Forcible and Violent entry in to the premises or theft accompanied by forcible exit from the insured premises.

Loss by theft without any forcible entry or exit can also be covered as an additional cover.

Money Insurance

Loss of money in transit due to any cause (a comprehensive- All risk cover) including infidelity of cash carrying employee

Loss of money whilst in counter during business hours due to Burglary & Housebreaking or hold-up

Loss of money whilst in safe after office/business hours due to Burglary & Housebreaking

Fidelity Guarantee Insurance

Direct financial Loss suffered by employers due to infidelity acts & dishonesty of employees within their assigned roles

Plate Glass Insurance

Sudden and unforeseen damage to fixed plate glass resulting in breakage of glass. Even moving glass, frame work, embossing, etching, art work, lettering on glass can also be covered specifically.

Sign Board Insurance

Sudden Physical damage to Hoardings, Glow Sign boards, Neon sign boards due to

All Risks Insurance

Loss or Damage to insured property due to any cause except for specific exclusions. Indicative list of causes/perils covered include Fire, Lightning, Flood, Storm, Impact Damage, Burglary, Riot & Strikes etc. This policy is very useful for portable equipments/items which are generally carried outside business premises. Territorial cover can be India or Worldwide as agreed.

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