The Burglary & Theft Insurance covers the insured against loss or damage to the insured property consequent upon actual, forcible and/or violent entry into or exit from the premises, or damage to insured property or to the premises as a result of theft or any attempt of threat including armed robbery / hold-up.

Types of insured properties are :
• All Contents and Stock of the insured whilst kept in the premise.
• Goods held in trust or on commission for which the insured is responsible.
• Furniture, Fixtures & Fittings.
• Household goods and personal effects.

This policy covers for loss of money whilst in the transit and whilst kept in locked drawers, safe or strong rooms in the business premises. Money will comprise cash, bank notes, currency notes, cheques, postal orders or money orders.

COVERAGE
The value of money and the cost or repair or replacement of the safe or strong room, as a result of theft or attempted theft, if these items are specifically insured

EXTENSIONS
• Personal accident to the messenger or custodians
• Armed robbery and hold-up at the insured’s premises
• Riot and strike
• Messenger absorbing with money
• Damage to safe and/or locked drawers

EXCLUSIONS
• Losses arising from fraud or dishonesty of insured’s employees
• Shortage due to errors and omissions
• Losses from an unattended vehicle

Marine insurance covers any loss or damage to goods conveyed by road or by rail or by river or by sea between the points of origin and final destination. The cover is usually provided on all risk basis, indemnifying the insured for loss or damage to goods by fire, accident, theft or pilferage while being loaded or unloaded from any vehicle or in the ordinary course of transit.

TYPES OF MARINE INSURANCE

• MARINE CARGO INSURANCE
Marine cargo insurance policy insures property while in transit against loss or damage arising from perils associated with the navigation of the sea or air and subsequent land and inland waterways.

• MARINE HULL INSURANCE
Marine Hull Insurance policy covers loss or damage to hull and machinery. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.

• AIR CARGO INSURANCE
A type of insurance policy that protects a buyer or seller of goods being transported through the air. Air cargo insurance is designed to protect the insured against items damaged, destroyed or lost. Cargo insurance is offered through insurance companies, some freight forwarders and trade service intermediaries.

Liability Insurance protects you in the event you are sued for claims that come within the coverage of your liability insurance policy.

TYPES OF LIABILITY INSURANCE

• COMMERCIAL GENERAL LIABILITY INSURANCE
This type of insurance would cover a business or individual entity if a customer or member of the public was to suffer a bodily injury or property damage as a result of its business activities or in course of general activities, and if that person made a claim for compensation. This insurance cany be taken for worldwide activities or for a specific region and counterparts of business house can also be insured. The insurance would cover the compensation payment plus any legal expenses. This insurance may be taken by any Business Houses, Factory, Commercial or Non-Commercial Institutions etc.

• PUBLIC LIABILITY INSURANCE
This type of insurance would cover a business or individual entity if a customer or member of the public was to suffer a loss or injury as a result of its business activities or in course of general activities, and if that person made a claim for compensation. The insurance would cover the compensation payment plus any legal expenses. This insurance may be taken by any Business Houses, Factory, Commercial or Non-Commercial Institutions, Educational Institutes, Shopping Malls or Complexes, Banks, Hotels, Residential Societies etc.

• PRODUCT LIABILITY INSURANCE
Product Liability insurance covers the cost of compensating anyone who is injured or suffers any loss by a faulty product that your business designs, manufactures or supplies. This insurance may be taken by any Business Houses, Manufacturers, Factory, Exporters etc.

• PROFESSIONAL INDEMNITY INSURANCE
This policy is a form of liability insurance that helps to protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. This insurance may be taken by any Doctor, Hospital, Architect, Engineer, Chartered Accountant etc.

• DIRECTORS AND OFFICERS LIABILITY INSURANCE
This policy is a liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defence cost in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defence cost arising out of criminal and regulatory investigations/trials as well, in fact, often civil and criminal actions are brought against directors/officers simultaneously. This policy shall not only provide cover for defence cost but also provide cover & support for Bail Bond or Civil Bond expenses, Advertisement expenses & Counselling expenses etc.

• EMPLOYEE’S COMPENSATION INSURANCE (Earlier Known as WC Policy)
This policy covers the employer in respect of the statutory liability under the Employee’s Compensation Act as well as at Common Law to the employees. This policy indemnifies the employer against all sums for which the employer shall be liable to pay compensation to any employee for personal injury sustained by accidents or occupational diseases arising out of and in the course of this employment under the Acts. It also extends coverage for Medical Cost incurred due to accident, by paying additional cost.

Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Depending on the project, it can be divided into Construction project all risks insurance and Erection project all risks insurance, further it also covers Machinery Breakdown, Boiler Insurance and Third Party Insurance etc.

TYPES OF POLICY

• MACHINERY BREAKDOWN INSURANCE
This policy covers the sudden and unforeseen damage to the insured machinery, plant or equipment whilst either at work or at rest and during the cleaning, maintenance, overhauling, inspection or removal to another position within the premises.

• BOILER AND PRESSURE VESSEL INSURANCE
This policy covers explosion or collapse of the insured plant including damage (other than fire) to the property belonging to the insured.

• CONTRACTORS ALL RISK INSURANCE
This is an all risk policy covering any unforeseen and sudden physical loss or damage to contract works, construction plant, an equipment and/or construction machinery from any cause whilst at site during the period of insurance unless specifically excluded under the policy. It also covers Third Party Liability Insurance.

• ERECTION ALL RISKS INSURANCE
This policy covers loss or damage to the contract works, predominantly erection of machinery coupled with testing, including legal liability to third parties, arising out of the performance of the contract.