Property insurance refers to a series of policies that offer either property protection or liability coverage. Property insurance can include homeowners insurance, renters insurance, flood insurance, and earthquake insurance, among other policies.
Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and
allied perils which are named in the policy. The policy can cover building (including plinth and
foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.
Business Interruption / Loss of Profits
Business interruption insurance is insurance coverage that replaces income lost in the event that
business is halted due to direct physical loss or damage, such as might be caused by a fire or a
natural disaster. THis type of insurance also covers operating expenses, a move to a temporary
location, if necessary, payroll, taxes, and loan payments.
Commercial General Liability
Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case
of damage or injury caused by a business’s operations or products, or on its premises.
Product Recall
Product Recall Liability Insurance indemnifies the insured for those sums that the insured becomes
legally obligated to pay as compensatory damages arising out of recall, removal, recovery of
possession or control, or disposal of the Product that is manufactured, sold, marketed, handled, or
distributed by the insured.
Clinical Trial
This policy will indemnify the insured against all sums for which he will be legally liable pay to
any Research Subjects as for death bodily injury physical or mental illness disease or impairment
caused to Research Subject as damages for death bodily injury physical or mental illness disease or
impairment caused to Research subject by the research.
Directors And Officers Liability
The D&O policy provides cover for the personal liability of Directors and Officers arising due to
wrongful acts in their managerial capacity. Defence costs are also covered and are payable in
advance of final judgment.
Marine/ Sales Turnover Policy
Sales turnover policy (STOP) is a highly evolved marine insurance cover. Thus, it is suitable for
industries where multiple internal transits require to produce/manufacture the final product for
sale.
Employer’s Liability
The policy covers statutory liability of an employer for the death of or bodily injuries or
occupational diseases sustained by the workmen arising out of and in course of employment.
Cyber Insurance
Cyber insurance policies protect companies from hackers and other individuals or groups who may gain
access to company-stored personal identifying information.
Trade Credit Insurance
Trade credit insurance (TCI) reimburses companies when their customers are unable to pay because of
insolvency or destabilizing political conditions.
