General Insurance Products
List of general insurance products to satisfy all your insurance needs for your properties
List of General Insurance Products
Marine Insurance is a type of insurance policy that provides coverage against any damage/loss caused to cargo, vessels, ships, terminals, etc. in which the goods are transported from one point of origin to another.
Contractors All Risk (CAR) Insurance Policy is suitable for Construction of Civil works as well as composite projects.
SCOPE OF COVERAGE:
All Risks (with certain exceptions) involved during storage, assembly, erection/Construction against:-
. Fire, lightning, explosion/implosion, aircraft damage,
. Flood, storm, earthquake, landslide,
. Theft, burglary, RSMD, terrorism,
. Negligence, lack of skill, collision, impact, dropping
. Short circuit, electrical/mechanical breakdown etc.FEW OF THE EXCEPTIONS ARE AS UNDER:
- Damage due to faulty design, defective materials etc.
- Willful negligence, bad workmanship,
- Consequential loss say penalty for delay etc.
- Inventory losses
- War, nuclear reaction,
- Normal wear and tear, gradual deterioration etc.
This insurance policy indemnify the insured against financial loss or damage to privately owned property being damaged or destroyed by fire or lightening and other related perils.
Scope of cover
Loss or damage caused by fire and other insured perils against:
- property specified by insured for cover at the location specified therein;
- standard accessory property to the property, which falls under its fire insurance value stated at the inception;
Exclusions
Some of the basic exclusions are damage or loss:
- by theft during or after occurrence of fire,
- which is consequential of any kind;
- or destruction caused by pollution or contamination
Fidelity Guarantee insurance provides coverage against financial losses suffered by the organization due to fraudulent act employees. Following are the features of fidelity Guarantee insurance –
- The policy provides comprehensive coverage against various risks arising from fraud and the dishonest act of an employee or group of employees such as loss of money, property, securities or other assets, computer fraud, forgery, loss to customers etc
- Fidelity insurance offer tailor-made coverage to businesses depending on the need and nature of work
- Fidelity Guarantee insurance offers coverage with a broad definition of ‘employees’
- Coverage under fidelity Guarantee insurance will start for the insured event on or after the date of commencement of the policy.
Erection All Risk (EAR) Insurance Policy is suitable for erection of individual machines as well as composite projects and connected civil engineering works.
SCOPE OF COVERAGE:
All Risks (with certain exceptions) involved during storage, assembly, erection and testing of all kinds of plant & machinery against:-
- fire, lightning, explosion/implosion, aircraft damage,
- flood, storm, earthquake, landslide,
- theft, burglary, RSMD, terrorism,
- negligence, lack of skill, collision, impact, dropping
- Short circuit, electrical/mechanical breakdown etc.
Few of the Exceptions are as under:
– Damage due to faulty design, defective materials etc.
– Willful negligence, bad workmanship,
– Consequential loss say penalty for delay etc.
– Inventory losses
– War, nuclear reaction,
– Normal wear and tear, gradual deterioration
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement
Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.
The cover affords protection to the insured machinery whilst at work or at rest and also when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these is performed in the same premises.
SCOPE OF COVER
The MBD policy covers:
- unforeseen and sudden physical damage to the insured machinery by
- any cause not specifically excluded
- whilst in the specified premises,
- necessitating its immediate repair or replacement