Coverage typically includes buildings, plant & machinery, office equipment, inventory, raw materials, furniture, and other business contents.

Any business that owns or leases physical assets—including offices, warehouses, factories, or retail spaces—should consider commercial property insurance to protect against potential losses.

Yes, many commercial property insurance policies cover natural disasters, but earthquake and flood coverage may require add-on riders depending on the insurer.

Standard policies may include theft or burglary, but in many cases, it’s offered as an optional cover. Always check the policy terms or request this explicitly.

Yes, businesses can insure the contents and improvements made to rented properties. However, structural coverage typically depends on the property owner’s policy.

The sum insured is generally based on the reinstatement value (cost of replacing the asset) or market value. An accurate valuation helps avoid underinsurance or over insurance.

Common exclusions include wear and tear, intentional damage, war, nuclear risks, and losses due to poor maintenance. Always review the policy document for specific exclusions.

In the event of a loss, notify the insurer immediately, document the damage with photos and reports, and submit all required claim documents as per the insurer’s procedure.

It helps minimize financial loss, ensures business continuity after unforeseen events, and demonstrates risk management to investors and stakeholders.

Marine insurance is essential for exporters, importers, freight forwarders, shipping companies, and anyone involved in transporting goods domestically or internationally.

Common types include:

• Cargo Insurance(for goods in transit)
• Hull Insurance(for vessels and ships)
• Freight Insurance(for loss of freight revenue)
• Liability Insurance(for third-party damage)

No, marine insurance covers all modes of transport—sea, air, rail, and road—especially under Inland Transit and Multimodal policies.

Typical coverage includes loss or damage due to fire, sinking, collision, theft, natural disasters, jettisoning, and accidents during loading/unloading.

Exclusions may include:

• Improper packaging
• Deliberate negligence
• War or nuclear risks (unless specifically included)
• Ordinary wear and tear
• Delay in transit

Premium depends on the type of goods, mode of transport, distance, value of goods, and the coverage scope (like All Risk or Named Perils).

Key documents include the invoice, shipping bill, packing list, and transport details (such as bill of lading or airway bill).

• Open Policy: Covers multiple shipments over a period (usually one year)
• Specific Policy: Covers a single, one-time shipment

In the event of loss or damage, inform the insurer immediately, provide a survey report, claim form, transport documents, and relevant invoices.

Common types include:

• Public Liability Insurance
• Product Liability Insurance
• Employer’s Liability Insurance
• Professional Indemnity Insurance
• Commercial General Liability (CGL) Insurance

Any business that interacts with customers, clients, vendors, or the public should consider liability insurance. It’s especially crucial for manufacturers, service providers, consultants, and construction companies.

Coverage includes legal costs, compensation payouts, medical expenses for third parties, and settlement fees arising from claims of injury, property damage, or professional negligence.

No, employee injuries are typically covered under Worker’s Compensation or Employer’s Liability Insurance, not standard liability policies.

Exclusions usually include intentional damage, contractual liabilities, fines or penalties, and claims arising from known defects or pre-existing issues.

Yes. Product Liability specifically covers claims arising from defective products sold or manufactured, while General Liability covers broader risks like premises-related accidents or third-party injuries.

The coverage amount depends on the nature of your business, industry risk level, client requirements, and potential claim sizes. Consulting with an insurance advisor is recommended.

Yes, liability insurance can be tailored with add-ons and policy wording to suit sectors like IT, healthcare, manufacturing, and construction.

In the event of a claim, notify your insurer immediately, gather all documentation (including legal notices, evidence, and incident reports), and follow the insurer’s claims process promptly.