Below, please find The services we provide including but not limited to; BURGLARY INSURANCE, INSURANCE OF MONEY, FIDELITY GUARANTEE INSURANCE, PUBLIC LIABILITY INSURANCE, PUBLIC LIABILITY INSURANCE, WORKMEN’S COMPENSATION INSURANCE, PROFFESIONAL INDEMNITY INSURANCE, DOMESTIC SERVANT INSURANCE, PERSONAL ACCIDENT INSURANCE, BAGGAGE INSURANCE, ALL RISKS INSURANCE, PLATE GLASS INSURANCE, BUSINESS PROTECTOR, CONTRACTORS ALL RISKS INSURANCE, ERECTION ALL RISKS INSURANCE, CONTRACTORS PLANT AND MACHINERY INSURANCE, MACHINERY BREAKDOWN INSURANCE, LOSS OF PROFIT FOLLOWING MACHINERY BREAKDOWN INSURANCE, DETERIORATION OF STOCK INSURANCE, ELECTRONIC EQUIPMENT INSUARANCE.
This class of insurance is mainly for business premises only that is office, shop, stores, godown , warehouse and the like. The cause of loss covered under this insurance is burglary or housebreaking that is the act of breaking and entering a business premises with an intention of stealing or the act of breaking out after stealing in premises. In burglary insurance for a claim to be payable there must be an act of breaking or use of force to gain entry or exit. Entry may be either physical that is a person enters the premises or constructive that is by use of stick or hook or any instrument to remove goods in the premises.
This insurance also extends to cover hold-up risks, damage to safe or strong room following theft or attempted theft. Under this insurance, money includes cash, Bank and Currency notes, Bank and Postal Orders credit cards vouchers and open cheques. This policy is issued on declaration basis that is at the end of insurance period actual cash transactions must be declared and adjusted accordingly.
Defect in insured’s ways, works machinery or plant: Negligence of the insured or his employees while on duty defective product.
This class of insurance provides cover for liability at law if an employee in insured’s service shall sustain bodily injury arising out of and in the course of his employment by the insured in the business. A workman is not considered employed until he reaches the place of work and employment ceases immediately the workman leaves the place of work.
When the workers live in the estate or employers rented house or at their own premises and the employer provides free transportation or mileage allowance from the worker’s house to place of work, accident occurring to that transport would generally come under workmen’s compensation Act.
This policy is issued on declaration basis that is at the end of insurance period the insured must make declaration of actual earnings earned by employees and the premium adjusted accordingly
This class of insurance includes cover for domestic servant or a separate policy may be issued for domestic servant.
This class of insurance provide covert professional for damage which maybe called up on to pay due to professional negligence or malpractice
This policy is issued to cover the insured in respect of liability at law if a servant shall sustain bodily injury by accident or disease occurring during the period of insurance and arising out of and in the cause of his employment by the insured benefit under this are as per workmen compensation act.
The cover provided under this class of insurance is the accident causing death or bodily injury. This insurance provides the following benefits;
I. Death benefits
II. Disability benefits and
III. Medical reimbursement.
This class of insurance provides personal accident cover to the insured while travelling by air and loss or damage to accompanied baggage excluding wearing apparel of and personal effect of insured. This insurance does not cover valuables, jewelery, camera, household goods, furniture, money, bonds, stamps, travel tickets or coupons.
The route of the journey must be specific in policy and cover is operative only when the insured is travelling by accepted mode of travel on specific route. This cover is also operative whilst the insured temporarily resides in any hotel or rest house during the specificities journey.
This is an all risks class of insurance which provides cover for:
Jewelers, valuables , curious, antiques, work of art, paints , watches , clocks camera, opera glasses, earring, music equipment and other similar articles, against the risk of fire, housebreaking , theft or larceny and accidental external means. Cover is provided on full values basis.
This insurance provides cover for actual breakage of glass completely and securely fixed caused by accident with the exception of fire explosion, heat, flood and strike.
This is a package policy combining ten different policies which are fire, burglary, money, loss of profit following fire, personal accident, plate glass, workmen’s compensation, fidelity guarantee, public liability and electronic equipment policies. This package policy may be issued for all policies or for the selected few
This class of insurance provides cover for:-
Loss or damage to the undernoted including cost of clearance of debris following upon an event giving rise to a claim.
a) Civil works like building construction.
b) Marine works like bridges, dams, or sea wall constructions.
c) Plants and machinery used for construction.
d) Temporary structures set up for aiding construction.
Legal Liability for:
a) Death or bodily injury to third parties.
b) Accidental damage to property(ies) belonging to third parties
Occurring in direct connection with the construction or erection work happening on or in immediate vicinity or site.
Liability under this class of insurance commence upon commencement of work or after unloading of the items at site and expires when part of the contract work has been taken over or put into services.
This insurance may extend to include:-
a) Cover during the period of maintenance
b) Extra charges for overtime, night work, work on public holidays etc.
This class of insurance provides cover for:-
Loss of damage to plant and machinery under erection. Civil works are incidental to erection of the plant and machinery also is covered.
Legal liability for:-
- Death or bodily injury to third parties.
- Accidental damage or loss to property belonging to third parties occurring in direct connection with the construction or erection of the item insured.
Cover may be extended to cover extra charges for overtime, night work, and work on public holiday and express freight. Cover normally commences from the arrival at the sites of erection of the materials and it operates during storage of material, erection ad test run of the plant and terminates on the commissioning of the plant.
This class of insurance provides cover to constructional tools and equipments against all external damage from variety cause including:-
(1) Burglary, theft, riot and strike and malicious damage.
(2) Fire and lightning, external explosion, earthquake, flood, inundation, subsidence, landslide and rockslides.
(3) Storm, tempest, hurricane, typhoon and tornado.
(4) Accidental damage while at work due to faulty man handling, dropping or failing, collapse, collision and impact.
This class of insurance may be arranged as a separate policy on annual basis to be renewed periodically. It is also permissible to insure such equipment at the project site as an item in the schedule of ear or car.
This class of insurance provides cover for unforeseen sudden physical loss or damage to the machinery due to:
(1) Defect in casting and material
(2) Fault design
(3) Fault at workshop or in erection
(4) Bad workmanship
(5) Lack of skill
(7) Shortage of water in boilers
(8) Physical explosion
(9) Tearing apart on account of centrifugal forces
This is an all risks machinery policy which includes:
(1) Boiler insurance
(2) Crane and lift insurance
This class of insurance may be extended to include the risks of fire and burglary
This policy is an accident indemnitable under the perils covered under machinery insurance. This class of insurance provides cover for the actual loss of profit sustained as a result of business interruption. The subject matter of insurance under these classes of insurance are:
(1) Reduction in turnover
(2) Increase in cost of working
This class of insurance provides cover for deterioration of perishable goods or stock as a result of breakdown or material damage to the cold storage house machines.
This Class of Insurance Provide Cover for unforeseen and sudden physical loss or damage to the undernoted:
(1) Electronics data processing machines
(2) Telecommunication equipment
(3) Office calculators, duplicating machine and reproduction machine
(4) Signal and transmitting units
(5) Electro medical installations
(6) Transmitting and receiving installations (including Radio, TV, Cinema, Sound reproduction and studio equipments).
This class of Insurance Extends also to cover:
(1) External data media; and
(2) Increase in cost of working as a consequence of materials damage.