This policy provides protection to the owners and operators of airport
complexes against material or non-material damages occurring on the territory
of an airport or on board an aircraft to which they provide catering services.
Crop insurance is a very broad area of cover for field, horticultural and plantation
crops against losses due to a number of causes. The following are the common
forms of coverage but bespoke cover is available even for crops or farming
operations not listed below:
This policy covers mobile equipment such as excavators, mobile cranes,
construction plant, mining plant, forklifts and other self-propelled plant vehicles.
Static heavy equipment which operates within the premises or in the open is
also covered.
This policy is comprehensive and is suitable for the financial services sector
companies like banks, micro-finance companies and bureau de change. It
provides cover against the direct financial loss and legal liability costs to a
financial institution in the following areas:
There are various Cargo insurance solutions which depend on the scope of
business activity and geographic limits of operation.
This policy falls into the category of construction covers and it mainly
focuses on covering the risk of loss arising out of building civil works
structures.
Covered parties include the main contractor, subcontractors, and in some
cases suppliers and manufacturers of material used during the
construction.
On some risks, a combination of Erection All Risks and Contractors all risks
(CAR) is used.
This policy falls into the category of construction covers and it mainly
focuses on covering the risk of loss arising out of the erection and
installation of machinery, plant and steel structures including electrical
works.
Covered parties include the main contractor, subcontractors, and in some
cases suppliers and manufacturers of equipment. Examples of the types
of projects for which EAR coverage is typically purchased include power
plants, manufacturing and fabrication facilities, water treatment plants,
and telecom centers (especially where there is erection of signal towers).
Bonds and Guarantees are integral financial tools that aid business transactions
Industrial business operations often pose a risk of pollution or environmental
damage. This may result in third-party or regulatory body claims for nuisance,
bodily injury or damage to property, clean-up of contaminated areas,
restoration of biodiversity, on-site or off-site, and legal defence expenses. With
a global shift toward more sustainable and environmentally friendly business
practices which affect profitability and business reputation, it is important to be
adequately covered.
As the world goes green and focuses on climate friendly energy sources,
specialised insurance solutions are available for Solar, Hydro and Wind
projects. Insurance covers are available from the planning stage of a project,
project implementation (construction/erection) and the operational phase.
