Insurance
Motor Car Insurance is a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident. By requiring everyone to have car insurance, people feels safer driving on the streets knowing that they won’t have to cover the whole cost in case of a problem.
- Own Damage/ Theft
It covers the cost of repairing your own vehicle when it gets damaged due to accident. And also cover losses from robbery.
- Compulsory Third Party Liability
This type of insurance pays for expenses incurred as a result of the vehicle owner’s causing bodily injury or death to any third party in an accident arising from the use of the insured motor vehicle.
- Acts of Nature
It covers the damage due to natural causes that could not have been foreseen or prevented by foresight.
- Third Party Property Damage
It covers your liability to pay for damage you may cause to someone else’s car or property.
- Bodily injury
It covers the medical cost of the third party who is injured due to accident.
- Personal Accident (PA)
It covers death or specific types of injury to the driver/passengers as a result of an accident.
Construction Contract Bond
- Bidder’s Bonds
Required in connection with the submission of tenders for contracts with public authorities and private owners to guarantee that the bidder (contractor), if awarded the contract, will enter into a contract and furnish the prescribed performance bonds.
- Performance Bonds
Required for a contractor to guarantee the full and timely performance of the contract according to plans and specification.
- Advance Payment Bond
It undertakes to guarantee the recoupment or repayment of the advance payment granted the contractor through deductions from progress billings submitted by the contractor for his periodic accomplishment.
- Retention Money Bond
The bond serves as a substitute for the retention amount that the project owner would otherwise withhold from the contractor. In essence, the bond guarantees that the surety company will pay the retention amount to the project owner if the contractor fails to fulfill their contractual obligations or defaults on the project. By providing a retention bond, the surety company assumes the financial risk associated with the contractor's performance, ensuring that the project owner is protected and that funds will be available to address any non-compliance issues or project deficiencies.
- Warranty Bond
Guarantees the completed works during the maintenance period, generally one year, against defective workmanship or materials.
Contractors' All Risks Insurance (CARI) is designed to offer comprehensive protection against losses to contract works, construction plant and equipment, construction machinery and liability to third-party. It also provides financial stability to all parties in the construction contract.
Marine Cargo Insurance is a type of insurance that protects goods during transportation by sea, air, or land. It provides financial compensation in the event of loss or damage to the cargo while it's in transit.
Fire insurance with allied perils is a type of property insurance that provides coverage for loss or damage caused not only by fire but also by other related risks, known as "allied perils." This broader coverage offers greater protection for your property.
Personal Accident Insurance covers death or specific types of injury as a result of an accident. It also pays benefits for the loss of limbs, fingers, sight and permanent paralysis.
Comprehensive General Liability (CGL) insurance is a type of commercial insurance that protects your business from claims of bodily injury, property damage, or personal injury caused by your business operations. It's a cornerstone of most commercial insurance policies.
Travel Insurance is a type of insurance that provides financial protection against unexpected events while traveling. It can cover a variety of situations, including:
- Trip cancellation or interruption: If your trip is canceled or interrupted due to illness, injury, or other covered reasons.
- Medical expenses: If you require medical treatment while traveling.
- Lost or stolen baggage: If your luggage is lost or stolen.
- Emergency evacuation: If you need to be evacuated from a dangerous situation.
Sabotage and Terrorism coverage are designed to protect you against financial losses directly resulting from politically motivated violence or terrorism and sabotage events.
Property Floater Insurance is a type of insurance that provides coverage for movable property that is not fixed to a specific location. This include heavy equipment.