In the current world more so the business world, risk management can be said to be the key determiner for business success. The most efficient approach towards the protection of your business is through acquisition of liability insurance. They do not only protect your business financially, but they also protect it in a way that you can think less about these issues and instead concentrate on...
Manufacturing is a key driver of the industrialization process in India and has a large contribution to the country’s receipt. Preliminary protection needs to focus on the tangible assets as the companies within this domain do not deal with services or intellectual property. That is where property insurance in India comes into play. It serves as a protective layer in the financial hazard...
Claims management in insurance can be considered one of the key strategies of the corporate risk management process. To the business it often implies a real loss, for example, through property damage, liability, or business disruption. Proper handling of claims makes it possible to recover loss with little or no interference. These are the main areas of focus of this blog: the basics of claims...
Business is a constantly evolving environment and this makes storage systems an important factor in the smooth running of day to day affairs while protecting expensive merchandise. This function is critically involved with warehouses and godowns where materials, both raw and finished products, and other inventory are stored. However, these facilities are also potential to almost all risks such...
While it’s normal for a business to pursue calculated risks, there are types of risks that can seriously endanger a company, diminishing its profitability; legal claims, financial fraud, cyber attacks, etc. It is important therefore that adequate insurance cover all round is considered an essential shield against such risks by firms. Protection for professional negligence, cyber...
Legal protection risk covers are essential in preventing financial risks emanating from bad debts or unpaid invoices in businesses. But it is equally important to grasp the process of the claims on such insurance policies as it helps to avoid problems and overcome difficulties if one wants to recover money. Here in this blog, we will look at the claims process and its importance with other...
Business properties like raw materials, machinery and processed products need to be secured, and for this need warehouses or factories are a necessity. Still, these kinds of facilities are vulnerable to a particular range of perils such as fire, theft, natural disasters, and incidents impacting structural integrity. The businesses and industries have to keep property insurance in India...
Risk management in any construction project is very challenging given the several uncertainties that are available. The issues such as mishaps, calamities, lost or damaged property, theft, and other risks impede schedule and escalate costs. This is where contractors all risk insurance comes into play as an essential instrument. It offers full-spectrum coverage to ensure construction projects...
Risk management in any construction project is very challenging given the several uncertainties that are available. The issues such as mishaps, calamities, lost or damaged property, theft, and other risks impede schedule and escalate costs. This is where contractors all risk insurance comes into play as an essential instrument. It offers full-spectrum coverage to ensure construction projects...
Construction projects in India are elaborate and require massive inflows of capital and time besides human resources. During the conception stage of these projects to the implementation stage, such projects are vulnerable to many risks such as acts of nature, theft, accidents as well as probability of delays. Fundamental to construction, insurance is thus an essential preventive shield against...
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