Property and Casualty Insurance

Fire Special Perils (FSP)
  • The Fire & Special Perils (FSP) Insurance, designed to cover loss or damage to buildings, contents and stocks due to Fire and natural perils. This policy is a basic need for all industries and trade groups, offices, service occupancies, and assets belonging to all segments of the society.
  • Cover can be extended to include loss of income following an interruption of business activity due to damage to the insured property by a peril specifically covered under the policy.
  • Cover can also be extended to include losses arising from riots, strikes, malicious damage, and sabotage and terrorism.
Property All Risks Policy (PAR)
  • PAR policy provides you with a broader coverage than Fire & Special Perils. This insurance policy covers accidental loss or damage to the insured property. All perils not specifically excluded under the policy are covered.
  • Cover can be extended to include loss of income following an interruption of business activity due to damage to the insured property by a peril not specifically excluded under the policy.
  • Cover can also be extended to include losses arising from riots, strikes, malicious damage, and sabotage and terrorism.
  • PAR cover is suitable for large, commercial and industrial risks.
Fidelity Guarantee Insurance Policy (FGI)
  • FGI policy insures against loss of money or goods belonging to you as the insured due to infidelity or dishonesty of employees.
Money Insurance Policy (MI)
  • MI policy insures money in the course of transit or while it is kept in the office safes.
Bankers Blanket Bond Insurance (BBB)
  • Bankers Blanket Bond is an insurance policy for financial institutions. The policy provides cover in respect of infidelity of employees, loss of property while such property is within any of the assured's premises or in transit, loss resulting directly from forgery or alteration, counterfeit currencies and other risks to which financial institutions are exposed. The policy can be tailored to meet the requirements of a bank or any other financial institutions.
Tender Bond Insurance Policy (TBI)
  • Tender Bond insurance guarantees the tender bid amount of the tenderer while bidding for a contract.

Engineering Insurance

Contractors All Risk Policy (CAR)
  • CAR policy insures damage to any contract works including construction plant and equipment, as well as third party liability. The policy can be extended to insure the maintenance period in addition to the actual construction period. There are two kinds of CAR policies, annual policies for contractors handling many small to medium contracts of a similar nature and a single contract policy for specific contract.
Erection All Risks Policy (EAR)
  • EAR policy is designed to cover the risk of loss arising out of the erection and installation of machinery and plant, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury or property damage arising out of these operations.
  • Examples of the types of projects for which EAR coverage is typically purchased include power plants, manufacturing and fabrication facilities and water treatment facilities.
Contractors Plant & Machinery Policy (CPM)
  • CPM policy insures contractors’ plant and machinery against damage or destruction within the site of construction. It is particularly useful when the plant and machinery are used in various projects during the year or rented out.
Contractors Third Party Liability Policy (CTPL)
  • CTPL policy insures accidental bodily injury to a third party or accidental damage to third party property caused by the Insured during contract works.
  • Contractors may require this policy for the maintenance or service contracts when the contract does not include any construction or erection work.
Machinery Breakdown Policy (MB)
  • MB policy insures unforeseen and sudden physical loss or damage to machinery from causes such as defects in casting and material, faulty design, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, short circuit or storm.
  • Loss of income as a result of damage to machinery by an insured peril causing an interruption of business can also be covered as an extension.
Electronic Equipment Policy (EE)
  • EE policy insures damage to electronic equipment, damage to Insured's inputted data and records and costs incurred to retrieve and recover lost data and records.
Boiler Explosion Insurance Policy (BEI)
  • BEI policy is designed for boilers in industries and factories. It provides cover for boilers and pressure vessels due to explosion. The policy also covers damage to surrounding properties and liabilities for injury to third parties or damage to third party property.

Liability Insurance

General Third Party Liability Policy (GTPL)
  • GTPL policy insures accidental bodily injury to a third party or accidental damage to a third party property caused by the Insured in course of business.
Employers Liability Policy (EL)
  • EL policy insures the legal liability of the employer towards employees for personal injury by accident or disease that may occur during and in the course of employment with the insured.
Products Liability Policy (PL)
  • PL policy insures the legal liability for claims against you raised by third parties during the period of insurance due to injury or damage caused by a product made or sold by you.

Auto Insurance

Various types of commercial vehicles (Fleet and Individual) can be insured.
The following are the types of Insurances available:

Third Party Liability Policy
  • This insurance policy is compulsory by Law. It covers your legal liability as the owner of the motor vehicle in respect of:
    • Death of or bodily injury to third parties
    • Third party property damage
Comprehensive Insurance Policy
  • In addition to third party liability as required by law, this policy insures loss or damage to your vehicle against the following perils:
    • Accidental Collision or overturning
    • Fire, Lightning and Theft
    • Damage during transit by road, lift or elevator
    • Impact of falling or flying objects
Third party working risk insurance policy
  • This policy insures commercial vehicles used in construction sites. It is an extension of Third Party Liability Policy.

Medical Insurance

Medical Insurance
  • Type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. In most countries, health insurance is often part of an employer's benefits.

Travel Insurance

Travel policy is a comprehensive package which provides complete medical, health and emergency cover to the discerning international traveler.

Travel Insurance
  • Travel Insurance covers:
    • Covers expenses of hospitalization, loss of baggage and other incidental expenses.
    • Covers you against trip cancellation, trip curtailment.

Life Insurance

Life Insurance
  • Insurance that pays out a sum of money either on the death of the insured person or after a set period. There are two divisions of Life Insurance; Individual Life & Group Life. In most countries, life insurance is often part of an employer's benefits.

Marine Insurance

  • Any good that is loaded onto any mean of transport for the purpose of being transported from one point to another can be insured under cargo insurance policy. The various types of Cargo insurances available are as follows:
    • Specific Cargo Insurance Policy - protects each shipment, sent by sea or air, from any one place to any one place in the world, against various risks.
    • Open Cargo Policy - affords automatic and continuous protection to insured's all import and export cargo shipments, sent by any means of transport, on agreed terms.
    • Inland Transit Insurance Policy - covers cargoes dispatched overland from one place to another.
    • Carrier's Liability Insurance Policy - affords protection to haulers/transporters against their legal liability for loss or damage to goods whilst in their care and custody.
Pleasure craft (Yachts or Boats)
  • The various types of Pleasure Craft insurances available are:
    • Comprehensive Yacht Insurance Policy - protects the insured's vessel against sea perils including liabilities towards third parties.
    • Third Party Liability - protects the insured for their legal liabilities as an owner of pleasure craft/Yacht in respect of claims made by third parties for bodily injury and property damage.

Workmen’s compensation

Workmen’s compensation
  • Insurance that covers medical and rehabilitation costs and lost wages for employees injured at work; required by law in all states. Form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.

Director’s & Officers Liability

Director’s & Officers Liability
  • 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 defense costs 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 defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously.

Aviation Insurance

Aviation Insurance
  • Insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.

Professional Indemnity

Professional Indemnity
  • PI policy insures legal liability towards third parties in the event of any third party bodily injury or property damage arising from professional negligence of the insured. The policy includes insured's defense costs and expenses. This policy is useful for professionals such as architects, engineers, lawyers, doctors, consultants, etc.

    Form of liability insurance that helps 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. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

Deterioration of Stock

Deterioration of Stock
  • Loss or damage to materials in storage or in transit incurred as a result of malfunction or breakdown of any machinery or equipment resulting in a change in temperature or humidity including loss or damage caused by deterioration caused by change in temperature resulting from failure of power and/or physical damage by the perils covered by this insurance to equipment (including connections and supply pipes) used for refrigerating, cooling, humidifying, dehumidifying, air-conditioning, heating, generating or converting power.

Trade Credit

Trade Credit
  • • Insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Trade credit insurance is purchased by business entities to insure their accounts receivable from loss due to the insolvency of the debtors.

Cyber Insurance

Cyber Insurance
  • A type of insurance designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.

Political Violence

Political Violence
  • Type of insurance that can be taken out by businesses, of any size, against political risk—the risk that revolution or other political conditions will result in a loss. Act of terrorism, sabotage, riots, strikes, civil commotion, malicious damage, insurrection, revolution or rebellion, mutiny or coup d’etat, war & or civil war insurance.

Personal Accident

Personal Accident
  • Annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance.

Foreign Labor

Foreign Labor
  • Protect your Expatriate Worker in case of any unforeseen event that might affect his/her Health Status or Stay Eligibility as per the Ministry of Labor Requirements.