Business / Industrial Insurance
Factory Insurance ( Fire Insurance ) –
This is an Insurance policy that provides financial coverage to factory owners against unforeseen loss or damage caused to the structure of the factory as well as stored goods, Raw material, machinery, furniture and electronic equipments. This policy offer cover loss or damage due to fire as well as loss due to natural calamities like earthquakes, floods, storm, lightning, implosion or explosion, aircraft accident or pressure etc.
Shop and Burglary Insurance –
This insurance provides coverage for the loss or damage caused due to the shop a well as goods/material kept inside, Furniture and electronics equipments. This policy not only provides coverage for the damages caused due to fire accident but also specified natural calamities. This policy also protects you from theft or robbery.
Business Interruption / Income Insurance –
This coverage helps replace lost profits and ongoing expenses during the period of interruption, ensuring the business can continue to operate financially during difficult times. If your company has to vacate its premises because of a disaster-related damage like fire or natural calamities, policy protect your loss of income. The policy also covers operating expenses, like cost of working, electricity bills that continue even after your business is interrupted. This Insurance policy also provides additional coverage like loss due to damage to supplier’s or customer’s premises, loss due to failure of gas, water or electricity supply as add on cover.
Workmen Compensation
WC policy covers the legal liabilities of the employer by offering financial compensation to their workforce as per Workmen compensation Act of 1923. The WC policy provides insurance benefits to the employees in case of work related injury, disabilities or mishaps.
Workmen compensation is a legal obligation mandated by government regulation. This lawful mandate ensures that employees have access to financial security. By having WC policy, you are protecting both – yourself and your employee.
Fines and penalties for not having workmen compensation policy can be expensive. So it is good idea to purchase this insurance policy.
Group Insurance
Group Health Insurance –
Group Health Insurance is a comprehensive health coverage plan provided by an employer or organization to its employees or members at affordable rates. Many group policies allow employees to cover their family members. Group mediclaim insurance covers a range of medical services, including hospitalization, pre-post expenses, Day Care Surgeries, maternity benefit, free health check up and many more as per your need and choice. Unique benefit is of group health insurance is instant coverage, No Waiting Period for Pre Existing disease or Specific Disease. Employer receives tax deduction on the paid premium.
Purchasing Group health insurance for your employees is a move not only offers health protection against unexpected situation but also contribute to increased employee satisfaction and consequently, higher retention rates.
Group Personal Accidental Insurance ( GPA ) –
As the name suggests, GPA insurance is a policy issued to a group of people by an organization or institution to its employees or members. Most important purpose of GPA insurance is to provide comprehensive financial protection against heavy expenses incurred due to hospitalization, disablement or death resulting from accidental injury. This insurance wide range protection against Accidental medical expenses, Partial Disability, Permanent Total Disability, Permanent Total temporary Disability, Death, Ambulance Charges, Daily Hospital Cash Benefit, funeral expenses and many more as per your need and choice. This insurance work outside the work place also. Employer receives tax deduction on the paid premium.
Transit Insurance
This insurance protects goods while they are being transported from one location to another. Transit Insurance covering risks like damage, theft or loss during transit, regardless of the mode of transport ( Road, Rail, Sea or air ). It’s available as a specific transit policy for a single shipment or an open policy inland transit insurance provides continuous coverage for multiple shipment over a specific period ( e.g. 1 Year, 6 Months ) for business with regular shipping needs all over India.