While insurance can cover virtually every insurable risk of a business, the various options, extensions, and limits can be complex to navigate. Our experts provide helpful guidelines to enable you to make informed decisions. As your broker, we help you select the precise package that will meet your business insurance needs.
Property All Risk insurance
Whether you operate multiple satellite offices, factories, retail outlets or even hospitality destinations, it is essential to have comprehensive property insurance. Commercial property insurance coverage may include losses resulting from weather-related events, building collapse, explosion, civil commotion, equipment breakdown, or damage caused by vehicles, vessels, aircraft, and vandalism.
The amount of coverage you will need depends on factors such as the type of property and its location and can include Property Damage, Business Interruption and the like.
We can create policies that include:
- Damage to or loss of property due to fire & allied perils
- Loss of assets due to acts of burglary
- Damage to or loss of property due to unpredictable acts of terrorism
- Damage to or loss of property belonging on third parties – eg machinery on lease, rented commercial space, etc.
As an engineer, your day-to-day actions can involve many different types of jobs- from skyscrapers and museums to machinery and new mechanical innovations. Mitigating the diverse range of risks in the world of engineering can be tough, and engineering insurance can help. It refers to essential cover which affords economic safeguard against risks encountered during project implementation and construction, which includes different types of risk exposure in the course of construction project rollouts, installation projects as well as that affecting machines and equipment.
We offer protection to cover loss or damage at every stage of development, including but not limited to:
- Contractors – All Risks, to cover the loss or damage to predominantly civil engineering construction projects
- Plant, Equipment & Machinery to protect against physical loss or damage to the contract works, construction plant and equipment or machinery
- Electronic Equipment Insurance with additional options to cover external data, media and increased costs of working
- Machinery Breakdown
- Advanced Loss of Profit (ALOP)
- Sabotage, Terrorism, and Risk of War
Marine Cargo Insurance
When it comes to marine-related insurance, we cover the spectrum of services. We can design bespoke cargo insurance policies covering the risks of transit for all types of cargo transported by various modes of conveyance such as sea freight, airfreight, land transit and parcel post on standard terms and conditions.
Our marine cargo insurance options provide cover against accidental physical loss and/or damage to the asset for single cargo shipments, or as open policies which are long-term contracts covering multiple shipments. We are also able to provide caveats that include Marine Cargo War and Strikes Insurance.
Commercial marine vessels have one goal in mind when they begin a job: facilitate the safe transport of material in all of its forms from port to port. Since the soundness and normal operation of the hull and machinery of a ship is key to the safe transportation and delivery of any cargo or freight, it is highly advisable that ship owners cover themselves with the appropriate insurance. Marine Hull and machinery Insurance covers loss or damage to hull and machinery. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. We offer marine insurance for vessels including General Cargo vessels, oil tankers, LPG / LNG carriers, tugs, barges, pleasure crafts, and commercial yachts.
Our cover includes:
- Hull & machinery
- Disbursements, increased value and excess liabilities risks
- Loss of hire
- Protection & indemnity risks
- War risk
- Pleasure craft
- Marine liability
- Kidnap & ransom
- Builder’s risk insurance
Comprehensive General Liability Insurance
It may not be a pleasant thought, but as much as you count on commercial property insurance to be there for you in the event of catastrophic damage to your facilities, you also need to protect your organization from potentially ruinous lawsuits that can arise as a result of accidents or negligence. Without appropriate general liability insurance coverage, you could be putting the future of your business at serious risk.
Product Liability Insurance
Manufacturers and vendors of goods are responsible for the products they make and sell. In cases of injury due to defective merchandise, your business may be liable for compensation. Product liability refers to situations where a customer purchases a product, and an issue with the product causes a bodily injury or property damage to a third party.
Product liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business. It is designed to help protect your business by ensuring that if this happens, you don’t have to pay any legal or court costs.
Fidelity and Money Insurance
If you are a business owner, you know that no matter what, you cannot prepare for every eventuality – especially when caused by others. Criminal activity, particularly when it involves your personnel, can have drastic implications for employee morale and productivity, not to mention your company image.
Fidelity insurance will protect a business owner against the theft of money, property, forgery or fraud by an employee. It will guarantee that if a business owner or employer suffers any loss due to employee dishonesty, the chosen insurer will share this loss as long as they are within the limitations prescribed by the contract.
Workmen compensation insurance
As an employer, your responsibilities, are to work with employees to create a profitable business within a secure workspace. At the same time, you need to consider – what if one of your employees got injured on the job?
Could your business afford to pay his or her medical bills, whatever damages were awarded by the courts, and the cost of his or her rehabilitation? Workmen compensation is a form of no-fault insurance that provides coverage for employees who are injured while working, without regard to fault.
It is designed to cover the costs of medical expenses such as treatments and medication, as well as partial wage loss.
If you provide advice, designs or service to your clients, you should give serious consideration to professional indemnity insurance. While most firms enjoy good relationships with their clients, a mistake in a project can change working dynamics overnight. Chances are that if a client suffers a significant financial loss as a result of what they perceive to be negligence or wrongful advice, they are likely to seek recompense. More often than not, they include allegations of negligence, errors, and omissions, or wrongful conduct on the part of the provider. No matter how large or small a business, without professional indemnity, cover your financial position could be left vulnerable if a claim is brought against you.
Our professional indemnity covers can be tailored for different professions, including:
- Financial Services
- Independent Financial Advisers
- Insurance Brokers
- IT Consultants and Companies
Bankers Blanket Bond
Forged checks, transactions involving counterfeit currency, fraudulent trading, and cyber-attacks, theft – the risks associated with a financial institution are numerous.
A blanket bond is insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to these risks. Despite being called bonds, these instruments are really a form of insurance. Specifically, they protect against losses of money, securities or other tangible properties (as defined by the policies) incurred as a result of a dishonest act by an employee or other specified people.
The specifics and the benefits of coverage types vary based on what type of company is being protected.
Directors’ and officers’ insurance
In today’s business climate, every decision a member of your leadership team makes has the potential to be scrutinized by just about everyone you do business with – customers, vendors, shareholders, and even other employees.
Directors and Officers Insurance protects directors, officers, and employees for liabilities that result directly from their decisions. Directors and Officers Insurance covers defense costs and damages should any of your employees be named in a lawsuit, regulatory action, or face allegations of misrepresentation or breach of duties.
Medical Malpractice Insurance
The health care industry continues to be among the fastest growing sectors of the economy. As industry employment and service capabilities increase, health care professionals are at increased risk for professional liability claims that have resulted in undesirable, life-threatening or in worst cases, even fatal outcomes to the patient.
Medical professionals can protect themselves to an extent with a medical malpractice insurance policy to offset the impact of legal exposure and resulting lawsuits. Medical Malpractice insurance provides coverage for traditional health care practitioners, facilities and clinics as well as alternative medical professionals.
Whether you are a holistic medical provider, rehabilitation professional, emergency technician or a nurse, our policies give robust coverage for claims made against you regarding your professional services.
A staggering number of organizations suffer cyber-attacks each year and find themselves trying to manage without the support of cyber insurance coverage. And if your systems or data are compromised, it can put you out of business. At the very least, you could suffer a significant financial loss and take a severe hit to your reputation. When a cyber-attack occurs, recovering your data is just one piece of the pie. Having cyber insurance coverage is another.
Cyber insurance can help cover the costs of restoring employee and customer identities, as well as recovering compromised data and repair damaged computers and networks.
So you are an event planner or organizer looking to make your mark with a big concert. What happens if your show or event’s headliner gets sidelined by illness, accident or death? Or if weather, power outages or even circumstances like terrorism curtail attendance or cause an event’s cancellation? Such unforeseen circumstances can put your investment at risk, and you in need of Event Cancellation Contingency Insurance.
This insurance is designed to cover the financial loss of the organizers as a result of cancellation, abandonment, curtailment, postponement or relocation of the scheduled event due to any reason beyond the control of the organizers.
Motor fleet Insurance
Whether your business involves delivery vehicles, cars for general corporate use or shuttles to get customers to and from where they need to be, you need motor fleet insurance. This is especially important for businesses with commercial fleets – which are not limited to large-scale vehicle operations; any company owning at least five powered vehicles has a fleet. As the number of vehicles increases, so do the potential risks.
Companies are liable whether their business vehicles are being operated by an owner, employee, or volunteer. Without the appropriate coverage, a business could be facing a large loss in the event of a collision, injury, or death.
We can tailor our motor fleet insurance cover to include:
- comprehensive cover against damage, fire, theft and third party claims
- ‘Driver injury’ cover on most vehicles
- 24-hour claim and accident helplines
- Replacement vehicles if yours are off the road
Group Medical Insurance
As the owner of a business, you can provide a benefits package that could make a big difference to you and your employees – without affecting your bottom-line. We can customize your group medical and life insurance plans to match your needs, providing more than just medical and dental coverage.
Group medical insurance offers compensation to employees in the event of illness or accidents that occur on the job- giving them the peace of mind that they are well taken care of.
We can design your cover to include:
- Dental & Medical Bills
- Hospitalization benefits
- Short-term and Long-term Disability
- Trusted healthcare providers
- Supplemental insurance policies