Liability Insurance
Liability Insurance provides protection against legal claims resulting from injuries, damages, or negligence caused to third parties by the insured person or organization. It covers legal costs, settlements, and judgments.
Types of Liability Insurance
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Public Liability Insurance
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Product Liability Insurance
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Employer’s Liability Insurance
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Professional Indemnity Insurance (Errors & Omissions)
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Commercial General Liability (CGL)
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Cyber Liability Insurance
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Directors and Officers (D&O) Liability Insurance
Covers legal liability for bodily injury or property damage to third parties caused by business operations, products, or premises.
Protects manufacturers, wholesalers, and retailers against claims arising from defects in their products.
Covers legal liabilities arising from employee injuries or deaths in the workplace (especially where not covered by workers' compensation laws).
Covers professionals (lawyers, doctors, consultants, architects, etc.) against negligence, misrepresentation, or inaccurate advice.
Comprehensive cover for bodily injury, property damage, personal injury, and advertising injury to third parties.
Covers financial losses from data breaches, cyberattacks, and IT-related issues.
Protects directors and senior executives from personal losses if they are sued for wrongful acts while managing the company.
Key Features
- Covers legal defense costs, court fees, and settlements.
- Helps safeguard business assets and reputation.
- Can be customized based on industry, risk exposure, and business size.
- Available as standalone or bundled with other business insurance packages.
Who Needs Liability Insurance?
- Businesses and manufacturers
- Consultants and professionals
- Healthcare providers
- IT and software firms
- Retailers and wholesalers
- Educational institutions
- Real estate firms and builders
Benefits of Liability Insurance
- Legal and financial protection
- Builds trust with clients and partners
- Ensures business continuity
- Compliance with statutory or contractual obligations
Marine Insurance
Marine insurance is a type of insurance designed to cover the loss or damage of ships, cargo, terminals, and any transport or cargo by which goods are transferred, acquired, or held between points of origin and final destination.
Key Features of Marine Insurance
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Covers Various Risks
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Types of Marine Insurance
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Applicable to Multiple Modes of Transport
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International Trade Support
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Policy Customization
- Minimizes financial loss due to unexpected maritime events
- Builds trust and credibility in international trade
- Ensures smooth business continuity in case of disruptions
- Mandatory for availing bank loans for trade consignments in many cases
Protects against perils such as sinking, fire, collision, piracy, theft, and natural disasters.
a. Hull Insurance - Covers physical damage to the ship or vessel.
b. Cargo Insurance - Covers goods in transit over sea, air, or land.
c. Freight Insurance - Protects the shipowner’s interest in freight charges.
d. Liability Insurance (P&I) - Covers third-party liabilities like injury or damage to other ships or cargo.
Marine insurance may also extend to multimodal transport involving rail, road, or air (known as marine-cum-inland transit insurance).
Essential for exporters and importers to minimize financial losses during global shipping.
Can be customized as voyage-based, time-based, or open policy (for regular shippers / exporters).
Benefits of Marine Insurance
Property Insurance
Property insurance is a broad term for policies that provide protection against damage, theft, or loss to physical assets like buildings, equipment, furniture, or stock. It ensures financial compensation in case of unforeseen events that affect your property
Types of Property Insurance
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Home Insurance
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Commercial Property Insurance
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Industrial All Risk (IAR) Insurance
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Shopkeeper’s Insurance
a. Covers residential buildings and household contents.
b. Protection from fire, theft, natural calamities, and more.
a. Protect businesses, offices, factories, and warehouses.
b. Covers buildings, machinery, furniture, and stock-in-trade.
a. Comprehensive policy for large industries.
b. Covers multiple risks including fire, burglary, machinery breakdown, and business interruption.
a. Tailored package for retail business owners.
b. Covers property, contents, money, liability, and employee injuries.
Coverage Offered
- Fire and allied perils (earthquake, storm, flood, lightning)
- Burglary and theft
- Accidental damage
- Machinery breakdown (for industrial policies)
- Business interruption (loss of profit due to property damage)
- Liability to third parties (optional)
Benefits of Property Insurance
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Comprehensive Protection
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Business Continuity
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Financial Security
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Customizable
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Mandatory for Loans
Secures physical assets against multiple risks.
Supports quick recovery after damage or disaster.
Minimizes the financial impact of unexpected events.
Add-ons and riders can enhance protection as needed.
Required by banks/financial institutions for asset-backed loans.
Common Exclusions
- Normal wear and tear
- Intentional damage
- War, nuclear risks
- Damage due to illegal activities
- Consequential losses not covered explicitly
