Corporate Insurance


STANDARD FIRE AND SPECIAL PERILS POLICY

This policy covers the loss or damage arising out of fire and allied perils to the Building, furniture, fixtures and fittings, electronic equipment and other contents in the premises of the office building.

BURGLARY AND HOUSEBREAKING (BUSINESS PREMISES) POLICY

This policy covers loss or damage to property like furniture,fixtures, fittings, cash or valuables in strong-rooms or safes by theft following burglary (felonious entry or exit from the premises by violent and forcible means).

CONTRACTORS' ALL RISKS INSURANCE

This policy is designed to protect the interest of Civil Contractors and Firms involved in construction activity against the damage or destruction of various civil engineering projects undertaken by them. The policy is suitable for all types of civil engineering construction works ranging from small buildings to massive dams, as they are susceptible to damage by a variety of external and internal causes during the course of construction.

WORKMEN'S COMPENSATION INSURANCE

This policy provides cover to employees in the immediate service of any organisation/ site of work who sustain personal injury by accident or disease arising out of and in the course of employment and if the employer is liable to pay compensation for such injury/ illness under W.C. Act, 1923, Fatal Accidents Act, 1855 or at Common Law. 
Contractors Plant and Machinery Insurance 
This policy is suitable for Contractors involved in construction business for covering all kinds of construction equipment like compressors, heavy duty cranes, boring machines, bulldozers, pipe jacking, and hauling equipment, pavers, excavators, loaders, road rollers, tunnel boring machines etc.

MARINE INSURANCE

Marine Insurance cover starts right from the movement of goods/Raw Material leaves the foreign/Indian manufacturer's warehouse and remains continuously in force during voyage/inland transit to the site/warehouse /factory.

FIDELITY GUARANTEE INSURANCE

This policy reimburses for direct pecuniary loss due to all acts of fraud or dishonesty or forgery or embezzlement committed by any of the Insured's employees in connection with his/her occupation during the uninterrupted continuance of employment.

CASH IN TRANSIT AND SAFE INSURANCE

This policy provides cover against loss of money in transit, by the insured or Insured's authorized employee(s) occasioned by robbery, theft or any other fortuitous cause. This policy also covers loss by burglary or house breaking whilst money is retained at Insured's premises, in safe(s) or strong room.

GROUP PERSONAL ACCIDENT POLICY

This policy covers accidental death or bodily injury caused solely by violent, external and visible means or loss resulting from bodily injuries caused by an accident.

GROUP MEDICLAIM POLICY

This policy covers Group/Association/Institution/Corporate Body of more than 50 persons provided it has a central administration point. The coverages include Hospitalization expenses only for illness/diseases contracted or injury sustained, Room, Boarding expenses as provided by the Hospitalization/Nursing Home, Nursing Expenses, and Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees Anesthesia, Blood, Oxygen, Operation Theater Charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and x-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of Organs and similar expenses.

DIRECTORS AND OFFICERS LIABILITY INSURANCE

This policy covers the Legal liability of Directors and Officers of a company holding positions of trust and responsibility to pay damages to shareholders, employees, creditors, etc., of the company for wrongful acts committed by them in the supervision and management of the affairs of the company. General Exclusions to the policy are Dishonest fraudulent criminal or malicious act, Personal guarantee, Libel and slander and damage to property, Pollution damage and Violation of Law.

PUBLIC LIABILITY INSURANCE

This policy covers liability arising out of accidents in the course of the business operations, like Compensation for accidental death, bodily injury or disease to third parties, Damage to or loss of property belonging to third parties arising out of an accident, including legal costs incurred with the prior consent of the insurer, and Legal and civil liabilities of the directors and officers of the company.

LOSS OF PROFIT(FIRE) INSURANCE

This policy is suitable for Business establishments and corporates for whom business interruption would mean heavy monetary loss in view of huge fixed costs. This policy provides cover for expenses and increased cost of working as a result of business interruption following a loss covered under the fire policy. Insurance cover can be taken for the maximum period of the anticipated interruption in the event of loss.

MACHINERY BREAKDOWN POLICY

This policy is suitable for machines like D.G. sets, air conditioners, counting machines, refrigerator etc. used in the organization that has a possibility of electrical and mechanical breakdown. Monetary costs involved for restoration of machine to its original state are covered by this policy subject to certain conditions.

ELECTRONIC EQUIPMENT POLICY

Electronic equipment used for data processing, research, communication and a host of other applications can take this policy to cover the equipment and data media against all the accidental causes. It is very wide in scope and encompasses risks covered under fire policy, burglary and many contingency risks like accident and vagaries of nature.

PLATE GLASS INSURANCE

This policy covers all kinds of accidental breakages of fixed plate glass like window glasses, partitions, room glasses etc. Replacement cost of damaged glass or sum insured whichever is lower is paid.

NEON SIGN / GLOW SIGN INSURANCE

This policy covers Glows and Neon signboards of the organization for accidental breakage.

MONEY INSURANCE

This policy provides cover against loss of money in transit, by the insured or Insured's authorized employee(s) occasioned by robbery, theft or any other fortuitous cause. It also covers loss by burglary of house breaking whilst money is retained at Insured's premises, in safe(s) or strong room. Organizations can take this policy while in transit from one branch to other branch or while in transit.

PROFESSIONAL INDEMNITY INSURANCE

The policy covers all sums, which the insured professional becomes legally liable to pay as damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service. Legal cost and expenses incurred in defense of the case, with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected. Only civil liability claims are covered. Any liability arising out of any criminal act or act committed in violation of any law or ordinance is not covered.

ERRORS AND OMISSIONS INSURANCE

This policy is meant for professionals to cover liability falling on them as a result of errors and omissions committed by them whilst rendering professional service. The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, also become payable.

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