Corporate Insurance

Burglary insurance provides protection against incidents of theft to your property. This policy covers losses or damages to your property in your business premises or private residential house due to

• Theft by actual, forcible and violent entry
• Theft or attempted by a person hiding in the insured premises
• Hold-up or armed robbery
• The policy also covers damage to the premises as result of theft or attempt to break in

You can choose to insure your property on the following two basis :

1. Full Value Basis

This basis is adopted if there is a possibility your entire property insured can be stolen at any one time. The correct sum insured should be what you consider to be the highest value at risk at any one time.

2. First Loss Basis

You can select this option if it is impossible for your entire property insured to be stolen at the same time. The sum insured is based on your assessment on the maximum probable loss at any one time.

This policy covers for loss of profit and/or additional expenses from causes covered under the material damage policy cover.

This cover operates in conjunction with Fire policy or Property All Risks policy to cover Loss of Profit as a result of interruption in the Insured's business caused by a peril insured under Fire and Perils policy or the Property All Risks policy.

As a contractor or principal, you must have invested in lots of capital, time, and efforts for the successful construction completion. Our Contractors' All Risks/Erection All Risks insurance is designed to provide all risks cover to protect your project during the construction/Erection period for contract works against:

Section 1. Indemnify against physical loss of or damage to the property Insured as a result of unforeseen and sudden cause other than specifically excluded.

Section 2. Indemnity against all sums, which the insured becomes legally liable to pay as damages in respect of:

A) accidental bodily injury (including death or disease) to third party

B) accidental loss or damage to property belonging to third parties, happening in connection with the insured contracts during the period of insurance including claimant’s cost and expense.

Fidelity Guarantee Insurance policy provides financial compensation against loss to your business caused by any fraudulent or dishonest act of any employee.

The policy pays the actual financial loss sustained as a result of the dishonesty/fraudulent act of the employee. Amount payable under the policy is subject to adjustments against any salary, commission security deposit or any other money standing to the credit of the fraudulent employee.

The loss is payable up to the limit specified for the employee. The policy does not pay more than one claim in respect of liability/loss arising out of an individual employee's acts.

The cover may be required in respect of a single employee or a group of employees. There are four types of policies for this class of insurance namely

• Individual Policy
• Collective Policy
• Floating Policy
• Position Policy

Fire Insurance covers your property against losses or damages caused by fire, lightning and explosion of gas used for illuminating or domestic purpose.

The policy can be extended to cover the following risks:

• Aircraft Damage
• Earthquake and Volcanic eruption
• Storm, Tempest
• Flood
• Explosion
• Impact Damage
• Bursting or Overflowing of Water Tanks Apparatus or Pipes
• Riot Strike and Malicious Damage
• Liability to Neighbor
• Subsidence and Landslip
• Spontaneous Combustion

This covers property against loss or damage to golf clubs, bags and other golf accessories belonging to the insured whilst contained in any building or in transit from one place to another caused by fire or theft. It also cover legal liability of the insured to third party for any accidents caused by the insured whilst playing or practicing golf on any recognized Golf Course and Personal Accident.

This covers property against loss or damage while it is in transit by land from one place to another or being stored during a journey. It can be purchased for goods being carried either in your own vehicle or by a third-party carrier.

A Hospital & Surgical policy provides comprehensive coverage for medical expenses incurred due to hospitalization and out-patient (optional) due to sickness or accident. The policy can be customized to include dental, optical care, medical check-up and maternity and the convenience of cashless payment at our network of panel hospitals and clinics.

This insurance covers the risk of loss, damage or expense to goods during transportation by sea, air, rail or road from one place to another, anywhere in the world. Coverage is usually effected on a "per voyage" i.e. from the time the goods leave the premises of the seller till the time the goods finally arrived at the buyer's premises. This insurance can be bought by the buyer or the seller depending on the Contract of Sales.

Money Insurance policy covers for loss of money (i.e. cash, bank and currency notes, cheques, postal orders, money orders, unused postage and revenue stamp) by any cause not specifically excluded in the exclusion of the policy in the following circumstances.

(a) Transits-Money in transit to and from banks, carried by insured or employee or professional money carriers.

(b) Premises-Money on the premises during normal business hours of the insured.

(c) Money in Locked Safe or Strong Room-Money on the premises outside normal office hours of the insured contained in securely locked safe or securely locked strong room.

(d) Money in ATM Machine on the premises.

It provides protection against legal liability arising from an accident involving the insured vehicle for (1) Bodily Injuries to Third Party (2) Damage to property of a Third Party (3) Bodily injuries to passengers travelling in public service vehicles. The limit of cover for compulsory legal liability is defined in the policy.

In addition to the legal liability cover, customer can purchase Own Damage cover which offers compensation for damage to the insured vehicle caused by a wide range of perils such as accidental collision with a motored land vehicles or objects, overturning or theft.

Personal Accident Cover for the Insured or any driver who drive the vehicle with the consent of the owner and passengers travelling in the vehicle can covered for specified amounts.

This policy protects your property and business against

• Loss or damage to business property from unforeseeable incidents except for those specifically excluded.
• Loss of profits due to business interruption following loss or damage to any property insured under the Material Damage section of the policy.

This policy covers your legal liability to pay compensation in the event of

• bodily injury, including death or illness to a third party.
• loss or damage to a third party’s property as a result of an accident and happening in connection with your business operations.

The policy will also take care of your legal fee.

Plant and machinery belonging to a contractor and used on-site for the construction or erection of a period is exposed to various hazards. This policy offers cover for such Plant and Machinery at the project site whilst it is used, at rest or being moved within the site. The coverage is against all risks of physical loss or damage other than those specifically excluded.

What is covered?
This is a comprehensive insurance policy for your construction plant, machinery and equipment deployed at project sites. The policy indemnifies you when you suffer any unforeseen and sudden physical loss or damage to those plants, machinery and equipment from any external causes, not specifically excluded in the policy. Examples of plant and machinery which can be insured under this policy are given below:

• Road rollers and Cranes
• Pavers for asphalt or concrete finishing
• Vibrators and mobile mixing plant
• Site power-generating plant
• Hauling equipment
• Excavators, bulldozer and loaders