Overview of Key Industry Solutions

Employee Solutions

Group Health Insurance: Health insurance coverage is offered by employers to their employees and family members as a collective benefit. It provides coverage for medical expenses incurred by the insured members, including hospitalization, doctor visits, prescription medications, surgical procedures, and other healthcare services.
Group Life & Personal Accident Insurance: This type of insurance provides a lump-sum amount, known as a death benefit, to the designated beneficiary or beneficiaries in the event of the insured member’s death. This benefit is typically paid out regardless of the cause of death, as long as it occurs within the coverage period and is not excluded by the policy terms. It also includes repatriation of body remains back to home country. Personal accident insurance is a type of insurance policy that provides financial protection in the event of disability, dismemberment, or injury.

Commercial Lines

Property & Business Interruption Insurance: Property insurance provides financial protection against damage or loss to physical assets, such as buildings, equipment, inventory, and other tangible property. In addition, Business Interruption insurance provides coverage for loss of income and ongoing expenses when a business is unable to operate due to a covered peril.
Engineering & Construction Insurance: Type of insurance that provides coverage for risks associated with construction projects, such as damage to property and/or equipment. It typically includes coverage for risks like construction accidents, offering financial protection to contractors, developers, and other parties involved in construction projects.
Third Party Liability Insurance: Provides coverage for damages or injuries caused by the insured party to third parties, such as individuals or properties. It protects the insured against legal liabilities arising from accidents, property damage, or bodily injury caused to others, offering financial protection and covering legal expenses associated with claims or lawsuits filed against the insured party.
Workmen Compensation / Employer’s Liability Insurance: Provides coverage for employees who suffer work-related injuries or illnesses. It compensates employees for medical expenses, lost wages, and costs resulting from workplace accidents or illnesses. Additionally, it offers protection to employers against potential lawsuits filed by employees for workplace injuries, covering legal expenses and settlements.
Motor Fleet Insurance: Type of insurance that provides coverage for a group of vehicles owned or operated by a single entity, such as a business or organization. It offers comprehensive protection for the entire fleet of vehicles, including cars, trucks, vans, and other commercial vehicles, against various risks such as accidents, theft, vandalism, and third-party liabilities.

Specialty Lines

Financial Lines

Director’s & Officer’s Liability Insurance: Provides coverage for directors and officers of a company against legal liabilities arising from their decisions and actions while managing the business. It protects them from financial losses incurred due to claims of negligence, errors, omissions, mismanagement, or wrongful acts in their professional capacity. This insurance also covers legal expenses and settlements associated with lawsuits brought against directors and officers.
Cyber Insurance: Offers protection against losses incurred from cyber-related threats and incidents. It typically covers expenses related to data breaches, hacking attacks, ransomware, and other cybercrimes. This insurance may include coverage for legal fees, notification costs, data recovery expenses, and liability arising from breaches of sensitive information. Cyber Insurance helps businesses mitigate financial losses and manage the aftermath of cyber incidents.
Professional Indemnity Insurance: Provides coverage for professionals against claims of negligence, errors, or omissions in the services they provide. It protects against financial losses incurred from legal expenses, settlements, or judgments resulting from lawsuits filed by clients or third parties alleging professional misconduct. This insurance is commonly used by professionals such as doctors, lawyers, architects, consultants, and accountants to safeguard their livelihoods and reputation.
Mergers & Acquisitions (e.g. Warranties & Indemnities Insurance): Offers protection to buyers and sellers involved in mergers and acquisitions (M&A) transactions. It covers losses resulting from breaches of warranties or indemnities provided in the sale agreement. This insurance mitigates risks for both parties by providing financial compensation for breaches of representations and warranties, reducing the need for escrow arrangements and facilitating smoother M&A deals.

Marine & Cargo Insurance: Provides coverage for goods transported by sea, air, or land against risks such as damage, loss, or theft during transit. It safeguards both importers/exporters and carriers by compensating for financial losses incurred due to various perils, including accidents, natural disasters, and theft. Marine & Cargo Insurance ensures the security and smooth flow of international trade by offering protection to shipments throughout their journey.
Aviation Insurance: Offers coverage for aircraft owners, operators, and passengers against risks associated with aviation activities. It includes protection for aircraft hull damage, liability for third-party bodily injury or property damage, as well as coverage for passengers and crew members. Aviation Insurance helps mitigate financial losses arising from accidents, incidents, or other aviation-related events, ensuring the safety and security of the aviation industry.
Energy Insurance: Provides coverage for risks associated with the energy sector, including oil, gas, power generation, and renewable energy projects. It encompasses various types of coverage such as property damage, business interruption, liability, and environmental risks. Energy Insurance safeguards energy companies and operators against financial losses arising from accidents, equipment failures, natural disasters, and other hazards specific to the energy industry.
Trade Credit Insurance: Trade credit insurance is a type of insurance that protects businesses from losses due to non-payment of trade debts. It covers businesses against the risk of customers failing to pay for goods or services they’ve purchased on credit terms. This insurance can help safeguard cash flow and mitigate the impact of bad debt on a company’s finances.
Political Violence and Terrorism Insurance: Political violence and terrorism insurance is a type of insurance coverage that protects businesses against losses caused by acts of terrorism, political violence, or civil unrest. It typically covers property damage, business interruption, and other related expenses resulting from such events. This insurance helps businesses manage the financial risks associated with political instability and acts of terrorism.
Product Liability Insurance: Product liability insurance provides coverage for businesses in case their products cause harm or injury to consumers. It protects against legal claims and expenses arising from injuries, property damage, or other losses caused by a defective product. This insurance is essential for manufacturers, distributors, and retailers to mitigate the financial risks associated with product-related liabilities.

Overview of Key Industry Solutions

Employee Solutions

Group Health Insurance: Health insurance coverage is offered by employers to their employees and family members as a collective benefit. It provides coverage for medical expenses incurred by the insured members, including hospitalization, doctor visits, prescription medications, surgical procedures, and other healthcare services.
Group Life & Personal Accident Insurance: This type of insurance provides a lump-sum amount, known as a death benefit, to the designated beneficiary or beneficiaries in the event of the insured member’s death. This benefit is typically paid out regardless of the cause of death, as long as it occurs within the coverage period and is not excluded by the policy terms. It also includes repatriation of body remains back to home country. Personal accident insurance is a type of insurance policy that provides financial protection in the event of disability, dismemberment, or injury.

Commercial Lines

Property & Business Interruption Insurance: Property insurance provides financial protection against damage or loss to physical assets, such as buildings, equipment, inventory, and other tangible property. In addition, Business Interruption insurance provides coverage for loss of income and ongoing expenses when a business is unable to operate due to a covered peril.
Engineering & Construction Insurance: Type of insurance that provides coverage for risks associated with construction projects, such as damage to property and/or equipment. It typically includes coverage for risks like construction accidents, offering financial protection to contractors, developers, and other parties involved in construction projects.
Third Party Liability Insurance: Provides coverage for damages or injuries caused by the insured party to third parties, such as individuals or properties. It protects the insured against legal liabilities arising from accidents, property damage, or bodily injury caused to others, offering financial protection and covering legal expenses associated with claims or lawsuits filed against the insured party.
Workmen Compensation / Employer’s Liability Insurance: Provides coverage for employees who suffer work-related injuries or illnesses. It compensates employees for medical expenses, lost wages, and costs resulting from workplace accidents or illnesses. Additionally, it offers protection to employers against potential lawsuits filed by employees for workplace injuries, covering legal expenses and settlements.
Motor Fleet Insurance: Type of insurance that provides coverage for a group of vehicles owned or operated by a single entity, such as a business or organization. It offers comprehensive protection for the entire fleet of vehicles, including cars, trucks, vans, and other commercial vehicles, against various risks such as accidents, theft, vandalism, and third-party liabilities.

Specialty Lines

Financial Lines

Director’s & Officer’s Liability Insurance: Provides coverage for directors and officers of a company against legal liabilities arising from their decisions and actions while managing the business. It protects them from financial losses incurred due to claims of negligence, errors, omissions, mismanagement, or wrongful acts in their professional capacity. This insurance also covers legal expenses and settlements associated with lawsuits brought against directors and officers.
Cyber Insurance: Offers protection against losses incurred from cyber-related threats and incidents. It typically covers expenses related to data breaches, hacking attacks, ransomware, and other cybercrimes. This insurance may include coverage for legal fees, notification costs, data recovery expenses, and liability arising from breaches of sensitive information. Cyber Insurance helps businesses mitigate financial losses and manage the aftermath of cyber incidents.
Professional Indemnity Insurance: Provides coverage for professionals against claims of negligence, errors, or omissions in the services they provide. It protects against financial losses incurred from legal expenses, settlements, or judgments resulting from lawsuits filed by clients or third parties alleging professional misconduct. This insurance is commonly used by professionals such as doctors, lawyers, architects, consultants, and accountants to safeguard their livelihoods and reputation.
Mergers & Acquisitions (e.g. Warranties & Indemnities Insurance): Offers protection to buyers and sellers involved in mergers and acquisitions (M&A) transactions. It covers losses resulting from breaches of warranties or indemnities provided in the sale agreement. This insurance mitigates risks for both parties by providing financial compensation for breaches of representations and warranties, reducing the need for escrow arrangements and facilitating smoother M&A deals.

Marine & Cargo Insurance: Provides coverage for goods transported by sea, air, or land against risks such as damage, loss, or theft during transit. It safeguards both importers/exporters and carriers by compensating for financial losses incurred due to various perils, including accidents, natural disasters, and theft. Marine & Cargo Insurance ensures the security and smooth flow of international trade by offering protection to shipments throughout their journey.
Aviation Insurance: Offers coverage for aircraft owners, operators, and passengers against risks associated with aviation activities. It includes protection for aircraft hull damage, liability for third-party bodily injury or property damage, as well as coverage for passengers and crew members. Aviation Insurance helps mitigate financial losses arising from accidents, incidents, or other aviation-related events, ensuring the safety and security of the aviation industry.
Energy Insurance: Provides coverage for risks associated with the energy sector, including oil, gas, power generation, and renewable energy projects. It encompasses various types of coverage such as property damage, business interruption, liability, and environmental risks. Energy Insurance safeguards energy companies and operators against financial losses arising from accidents, equipment failures, natural disasters, and other hazards specific to the energy industry.
Trade Credit Insurance: Trade credit insurance is a type of insurance that protects businesses from losses due to non-payment of trade debts. It covers businesses against the risk of customers failing to pay for goods or services they’ve purchased on credit terms. This insurance can help safeguard cash flow and mitigate the impact of bad debt on a company’s finances.
Political Violence and Terrorism Insurance: Political violence and terrorism insurance is a type of insurance coverage that protects businesses against losses caused by acts of terrorism, political violence, or civil unrest. It typically covers property damage, business interruption, and other related expenses resulting from such events. This insurance helps businesses manage the financial risks associated with political instability and acts of terrorism.
Product Liability Insurance: Product liability insurance provides coverage for businesses in case their products cause harm or injury to consumers. It protects against legal claims and expenses arising from injuries, property damage, or other losses caused by a defective product. This insurance is essential for manufacturers, distributors, and retailers to mitigate the financial risks associated with product-related liabilities.