General insurance, also known as non-life insurance, is your shield against the unexpected. It encompasses a wide range of policies that safeguard your assets, health, and liabilities from unforeseen events. From car insurance that protects your vehicle to health insurance covering medical expenses, and home insurance guarding your property, general insurance offers comprehensive protection. It’s the safety net you need for peace of mind in an unpredictable world. Explore the various options and secure what matters most to you with general insurance.
General Insurance
Corporate cyber insurance policy covers your losses and business liability arising out of a cyber security breach. The policy offers complete insurance protection to your business against cyber or digital risks that can result in a financial loss to the insured and reputational loss to a third party because of a breach in the insured’s systems.
Corporate cyber insurance policy ensures that all the confidential data, programs, computer and network of an organization is secured from the unauthorized access and exploitation. It protects from- risk of financial loss, economic cost, legal consequences and damage to the reputation of an organization resulting from the failure of its information technology systems.
Today every organization is highly prone to cyber-attack/incidents such as- data alteration/deletion, cyber extortion for ransom from database encryption, network lockdown, system failure, system encryption, service unavailable, unauthorised access, fraudulent fund transfer and many more. Therefore, it is extremely necessary that the corporate sector should adopt this practice for insuring their cyber security regardless of the size of an organization. Besides, a cyber-attack can result in data exploitation involving highly sensitive customer information, employees data, business or contract details, financial information, shareholders information and other important data. The insurance also pays for the costs incurred in restoration of such data or a legal liability arising out of a third party personal information being misused or leaked.
Directors and officers (D&O) insurance is liability insurance which covers or protects Directors, Officers and Employees of company from claims which may arise from decision and actions taken while serving their duty. It covers legal defense costs or other costs incurred by company in defending such individual against lawsuits.
Directors & Officers can be sued or alleged for wrongful acts related to:
- Breach of duty, breach of trust, misstatement or misleading statement, defamation, libel or slander, act of omission or negligence.
- Employment process or inappropriate workplace conduct such as discrimination, retaliation, defamation, failure to promote, sexual harassment etc.
- Claim solely because of their status.
Comprehensive General Liability insurance policy is offered to the businesses by providing them cover for expenses incurred in legal defense and the damages or compensation that are required to be paid
- In case of incidents of third party bodily injury or property damage in any unexpected circumstances
- A personal and advertising injury caused by the insured’s business operations while third parties are in and around the premises
Due to usage of insured’s products This product will shift the legal burden of the insured (the policyholder) by incurring the loss and expenses during this uncertain situation.
Despite the preventive measures and safety precautions taken, accidents at your workplace are inevitable. The Workmen’s Compensation policy enables the employer to pay the compensation to the employees or for their family in case of death or bodily injury (permanent partial disablement / permanent total disablement / temporary disablement) caused due to injury and accident at workplace (including certain occupational disease) arising out of and in the course of employment.
This policy provides coverage for medical expenditure, occupational disease, compressed air disease and terrorism.
An insurance policy that indemnifies you against your legal liability to pay compensation including defence costs, fees and expenses anywhere in India in accordance with Indian laws.
The insurance covers the claims arising out of losses and/or damages due to any breach of professional duty by reason of any negligent act, error or omission committed or alleged while rendering your services as a chartered accountant and during the period of insurance.
This policy is specially build for both CA firms and individuals who provide professional services like chartered accountants, financial accountants, management consultants, lawyers, advocates. solicitors, counsels and want to secure their financial position and professional reputation.
Professional indemnity insurance is the safety net that protects you if your practice’s risk management strategies fail. If client or third party faces a financial loss because of your professional advice, they may hold you legally responsible and make a claim for the economic loss. A Chartered Accountant can be found liable for breach of contract, negligence, or breach of statute
Professional indemnity insurance will assist with protecting you personally your employees and business against third party coins and allegations.
Fire insurance policy helps the insured to cover the risk of loss of property by accidental fire cases. The Policy can be taken for both Commercial & Residential Dwellings.
The “Standard Fire and Allied Perils Policy” popularly known as SFSP, covers the following perils: Fire; Lightning; Explosion / Implosion; Aircraft Damage; Riot, Strike and Malicious Damage (RSMD); Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation (STFI); Impact Damage; Subsidence and Landslide including Rockslide; Bursting and/or overflowing of Water Tanks, Apparatus and Pipes; Missile Testing Operations; Leakage from Automatic Sprinkler Installations; Bush Fire(fire spread from the bushes).
A burglary insurance policy is a type of crime insurance that covers losses resulting from burglary. Put simply, burglary refers to when someone uses force to unlawfully enter someone else’s property – even if they did not steal anything in the end.
Types of losses insured include:
- Theft of property from a closed premises such as a home, place of business or automobile
- Damage caused by the intruder in the process.
Marine Insurance is a type of insurance that provides coverage against the losses or damages of cargo or goods during transportation between the points of origin to the final destination. Marine insurance policy provides coverage for all means of transportation example road, railway, air, sea, couriers and postal service.
Marine Cargo insurance primarily covers loss during transit caused due to fire, explosion, hijacks, accidents, collisions, and overturning. We offer specially curated plans for covering the risk of theft, malicious damage, shortage, and non-delivery of goods, damages during loading and unloading, and mishandling of goods/cargo. The insured can choose the coverage based on specific business requirements. The policy is available for a variety of cargo/goods if you are dealing in or manufacturing them.
Travel Insurance is a type of insurance that covers different risks while travelling. It covers medical expenses, lost luggage, flight cancellations, and other losses that a traveler can incur while travelling. Travel Insurance is usually taken from the day of travel till the time the traveler reaches back to India.
Followings are covered under Travel Insurance
1) Trip cancellation or delay due to sickness, injury or death in the family that result in a financial loss is typically covered by this policy.
2) Travel insurance offers protection against financial risks and covers your medical expenses if you fall sick while travelling.
