Equipment Breakdown insurance is designed to protect businesses from the financial impact of unexpected equipment failures. This coverage is essential for businesses that rely heavily on machinery and equipment to operate efficiently. Coverage for accidental breakdowns of boilers, machinery and other equipment, repair and Replacement Costs.

Builders Risk Insurance, also known as Course of Construction Insurance, is a specialized type of property insurance designed to cover buildings and structures while they are under construction. It typically includes both hard and soft costs and can include a loss of income component. This insurance provides protection against various risks that can occur during the construction process, such as fire, theft, vandalism, and certain natural disasters.

Protects goods in transit against loss or damage due to theft, accidents, or unforeseen circumstances.

Casualty insurance refers to a broad category of insurance that primarily covers liability risks, protecting against claims resulting from injury or damage to other people or properties. It encompasses various type of liability insurance, including general liability and auto insurance.

Contractor insurance is made up a number of insurance policies that offer protection for the specific risks and needs of contractors and would include general liability insurance, tools & equipment coverage, builders risk insurance, wrap up liability insurance, installation floater and an office package.

Provides coverage for various environmental risks and liabilities. This would include the costs related to pollution and contamination clean up, third-party claims for damage to neighboring property, and regulatory compliance and would include legal defense costs and court costs.

Provides coverage for professionals against claims of negligence, mistakes, or inadequate work that result in financial loss for clients.

Offers broad protection against claims of bodily injury, property damage, and personal injury occurring on business premises or due to business operations.

Covers property and equipment while in transit or temporarily stored away from the business location.

Helps businesses manage the costs associated with recalling defective or contaminated products.

Protects professionals from claims of negligence or errors in their services, often required for doctors, lawyers, and consultants.

Designed to protect businesses from the risk of non-payment by their customers due to customer insolvency, protracted default, and political risks. Many policies include debt collection services and client solvency monitoring of current and potential clients.

Provides additional liability coverage beyond the limits of other existing liability policies, offering higher limits of liability in the event of a large claim.

Wrap-Up Liability Insurance is a comprehensive insurance policy designed to cover the general liability exposure of all parties involved in large construction projects, including owners, contractors, and subcontractors. This type of insurance is particularly useful for projects with multiple participants, as it consolidates the liability coverage under a single policy, ensuring uniform protection and simplifying risk management.

Stock Throughput is a type of marine cargo policy that provides comprehensive coverage for a company’s goods through the supply chain, from production to final destination. This includes raw materials, semi-finished, and finished products, whether in transit, storage, or undergoing processing.

This refers to the practice of placing insurance policies or coverage in a country other than the one where the insured or the insurer is located. This often involves navigating different regulatory environments and ensuring compliance with local laws and regulations.

This is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event. These trigger events can include environmental factors such as wind speed, rainfall measurements, or Richter scale measurements, or business-related factors such as foot traffic. The main benefit of parametric insurance is that it offers faster payouts than traditional insurance, as the payout is based on the occurrence of the trigger event rather than the actual loss of income.

Commercial Auto Insurance is specifically designed for vehicles used for business purposes. It provides coverage for a variety of risks associated with the use of commercial vehicles, including liability for bodily injury or property damage, and physical damage to the vehicles. Fleet Insurance is a type of commercial auto insurance for businesses with multiple work vehicles.