Our team of experts not only help our corporate clients in exploring best rates and terms from insurance market but also give assistance at the time of claim. Our Claim Team recovers claim money from the insurance company as fast as possible. We deal in all kinds of Marine Insurance products:
We explore great discount for Marine Hull Insurance. We have a claim team of experts who assist our clients at the time of claim
The most of businessmen, especially the small one do not take insurance for their factories, shops, hotels, restaurants, schools and other business establishments. They run their businesses without any backup plans and without protecting themselves from the risks attached to their businesses. They leave all things on “LUCK”, but as you know the “LUCK” does not work all the times.
If something unfortunate happens with their business establishments, they pay a heavy price for that. We have witnessed a huge loss of property during Delhi Riots in 2020. The property loss in this devastating act was estimated to Rs. 25000 Crores. The small businessmen were most vulnerable in Delhi Riots. The rioters have set their shops, homes, schools and other establishments on fire. Some people overcame from this losses but most of them were struggling to re-establish their businesses. They had lost everything and now were living on other’s mercy. It can happen to anyone, hence to make a good backup plan in advance is a good strategy.
The property insurance is available on a very nominal price. A ready-made garment showroom worth Rs. One crore can be insured by paying Rs. 11400/-. The hotel/school/restaurant, worth Rs. one crore property value’s insurance is available in Rs. 5000/-. The households items of same amount (Rs. one Cr.) can be underwritten by paying a premium of Rs. 2650/- only. Hence the property insurance is within the reach of the small businessmen.
The Standard Fire and Special Perils policy covers following 14 perils:
It is advisable that every businessman should protect their property by buying appropriate insurance for their business establishments. In case you face any problem in claim settlement process, you can approach us. We will be happy to server you free of cost.
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
You may take separate burglary policy which covers burglary (theft) by forceful entry on a very nominal premium
Fire Standard and Special Perl Policy protect the insured in respect of loss to buildings, machineries, fixtures, stocks etc. by insured’s perils. But this is not a complete protection unless you take a “Fire Loss of Profit” policy which covers your loss of profit, if loss is occurred due to insured peril.
Coverage
The “FLOP” insurance covers trading loss which results from stoppage of the business due to peril insured.
Trading loss may be considered under three headings,
Sum Insured: Gross Profit of company.
Gross Profit can be arrived by following two methods.
The evaluation of Sum insured and Indemnity period?
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
The breakdown and the failure to the machinery, pressure vessels, boilers or in any industrial or manufacturing unit can stop or interrupt the regular operations and can cause unanticipated, accidental physical loss to the machinery.
Main Benefits:
This policy covers your business against-
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
The Consequential Loss (fire) or Business interruption insurance policy provides you a protection for lost income if you have to vacate the premises of your business due to the insured peril under your property insurance policy. It covers the revenue loss which you would have lost. The operating expenses, like electricity, that continue even though business activities have come to a temporary halt, is also covered. The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
The Contractors All Risk (CAR) policy is a comprehensive insurance policy which is designed to covers a variety of risks to which a civil construction project is exposed. The policy starts from arrival of construction material at site till the completion of project.
The Policy is available for Residential (Residential Complex, House, Apartment, Guest House, Township Etc.), Commercial (Commercial Complex, Hotels, Sport Complex, Offices, Cinema Halls, Shopping Malls etc.) and Institutional (Research Centre, Educational Institutions, Religious Building etc.)
Basic Covers
Available Add ons:
Other Details:
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
We have a special team to deal with fleet insurance. We not only explore best rates for You but also help you in recovering your claim money faster from Insurance Company.
The Trade Credit Insurance provide you protection against accounts receivable losses. The companies which sell goods or services on credit terms are highly exposed to the risk of non-payment due to customer insolvency, protracted default and political risks that prevent the buyer from fulfilling its payment obligations.
Who buys this policy?
Benefits
Protects insured against the risk of a customer default on sales made on credit terms. Increases risk taking capacity which increases sales to new and existing customers. Trade Credit Insurance mitigates risk when a large portion of a company’s sales depend upon a few customers.
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
In the era of cut-throat competition in Transport Industry, it is advisable to have a Carrier’s Legal Liability Insurance to protect against counter liability which can eat carrier’s profit, if something went wrong during transit. During our 20 years experience in Marine Recovery through our sister concern M/s Active Claims Consultants, we came across various kind of CLL Insurance but when we would go through terms and condition, we would learned they were not real insurance but illusion. There were many such conditions and clauses by which it was next to impossible to take insurance claim under this policy. But now by our dedication, hard work and experience in claims and recovery, BimaSathi have come up with a good product with an attractive rates, terms and conditions. The response of our product is wonderful, we have sold many policies.
We required following information to get your proposal approved from HO of our Insurance Company:-
Please read policy document to know more about the Carrier’s Legal Liability Insurance.
This policy provide protection to civil contractors against the damage to or destruction of plant and machinery for any physical damage for civil engineering projects.
The premium of this policy can be collected in installments
Coverage:
Add on covers
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
The Machinery Breakdown policy covers all kinds of plant and machinery, the cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages to the machinery. This Policy also covers loss or damage due to fire, in insured electrical machineries, originating from within such insured machinery and resultant fire damage to such machinery only.
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
Industrial All Risks Policy is an all risk policy which covers various perils such as fire and allied perils, burglary, accidental damage, breakdown and business interruption.
Coverage is defined into two Sections as follows.
Section – I: Material Damage – It covers accidental physical loss or damage to the property insured due to any cause except causes which are described in Exclusion.
Section – II: Business Interruption – It covers loss due to business interruption by a Physical loss or damage to the property covered under material damage section of the policy.
Loss of Profits arising out of machinery breakdown is an optional cover under this policy.
Add On Covers:
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
This policy provides employees/workers a compensation against bodily Injury or death caused due to accidents or occupational diseases arising out of and in the course of employment.
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
The Product Liability policy provides insured a protection against legal liability arising out of any defect in the products including of defense costs.
This policy covers;
The policy is available subject to some exclusion, to know about exclusion, please read policy wordings.
A Commercial General Liability (CGL) policy protects your business from financial loss arising out of your liability for property damage or personal and advertising injury caused by your services, business operations or your employees. This policy also covers non-professional negligence including defense cost.
The policy is available subject to some exclusion, to know about exclusion, please read policy wording before buying the policy.
The Group Personal Accident Policy (GPA) compensates the insured in case of accidental death, loss of limbs and eyes, permanent total disablement and permanent partial disablement to the person insured.
The policy is available subject to some exclusion, to know about exclusion, please read policy wording before buying the policy.
This policy give protection against accidental breakage of Plate Glass which are fixed to display or showcases of Commercial Establishments.
This Policy covers accidental damage and theft of Neon Signs, Glow Signs or Hoardings. The policy is available subject to some exclusion, to know about exclusion, please read policy wording before buying the policy
Electronic Equipment Policy provide protection from computers to medical devices, industrial equipment to electronic cash registers.
The business Travel Insurance is beneficial to those companies that care about their employees. This policy is available with many add on covers.
The Fidelity Guarantee policy protect insured from pecuniary loss sustained as a result of act of fraud or dishonesty in respect of monies or goods of the employer committed by the employees in the course of performance of their duties.
This policy is suitable for employees occupying positions of trust such as cashier and storekeeper.
The D&O Liability Policy provide protection for those Directors & Key officers who are in a decision ‐making position. These directors and officers in performing of their duties may take some actions which may be in violation of Indian Laws. This policy covers following loss:
Provide indemnity to the estate of, legal heirs or legal representatives of the Director / officer in the event of the Director / officer becoming insolvent
Professional Indemnity/ Errors and Omissions Policy gives protection for the company and its subsidiaries for claims brought in respect of negligent acts, errors or omissions in the performance of professional duty. The policy covers defence expenses and damages and includes amounts that the insured is legally liable to pay because of judgments, arbitration awards or the like rendered against the insured, or for settlements negotiated in accordance with the coverage afforded by the policy.
The Crime/Fidelity Guarantee Insurance provides coverage for loss of money, securities, or other assets resulting from employee theft, computer fraud, forgery, loss of employee benefit plan assets etc.
The Cyber Risk Policy besides legal fees and expenses for cyber security, it can help you with the following.
