It is taken by the businessmen to cover any liability towards the workmen or their family in case of death, injury, mutilation, or disability suffered by workers in the course of their employment. Accidents are common especially in case of factory workers. Machine operators can get injured if they are negligent or due to any other reason. If workers suffer such damages while rendering their services on the premises of the business owner, the owner is liable to compensate. Such liability is taken over by the general insurer under a workman compensation policy.

This policy provides financial protection against unforeseen contingencies such as accidental fire and allied perils as mentioned in the policy. The common allied perils are explosion/implosion, lightning, and destruction caused by aerial devices. Some policies also cover man-made perils such as strikes, riots, etc. and natural calamities like storm, tempest, typhoon, etc. The policy provides financial coverage for stock, plant and machinery, furniture and fixtures, and other contents.

Marine insurance is one of the earliest forms of insurance. It covers damage to vessels, terminals, ships, cargo, and any transport by which goods are acquired, transferred, or held between the points of origin and their final destination. The name “marine” should not confuse you. Marine insurance is not limited to transfer of goods via sea or any other water body but it covers even airplanes, air-cargo, trucks, or any other means of commercial transport.

It is a group insurance policy that covers the whole fleet of trucks or other commercial vehicles.

This policy covers an individual commercial vehicle and the features are very similar to that of the car insurance policy discussed earlier.

This type of health insurance plan is taken by the employer to cover all his/her employees under a single master policy. AN employee is cover under a group health insurance plan till he/she is working with the organization. Upon separation from the company, the policy benefits cease for that individual.

This policy is very important for professionals like doctors, chartered accountants, lawyers, etc. Any negligence on part of these professionals can cause huge damages to their clients. A professional indemnity insurance cover pays the third party liabilities on behalf of the insured professionals in return for a premium.

This policy compensates for the financial loss due to theft in the policyholder’s shop.

This general insurance policy is designed to protect the directors and officers of a company from professional liabilities.

This policy protects a business from the financial losses accruing due to cyber frauds.

This is an engineering insurance policy and covers all the financial risks of a builder/contractor.

This policy compensates for the financial losses accruing due to the breakdown of plant and machinery.

This policy covers the financial risks of a builder/contractor while erecting a building.

This engineering insurance policy covers the plant and machinery such as cranes, drilling machines, etc. used in the project.

This policy covers the financial risk caused due to breakdown of electronic equipment.

This policy covers the damages caused to boilers and pressure plants in a factory.

This policy protects against loss of profits due to delays in construction and infrastructure projects.

This policy covers hull losses and liabilities to passengers as well.

This policy is helpful for farmers as they can get financial cover against any damage to their crops.

Similarly to crop insurance, this policy provides financial cover against any damage caused to the livestock of the farmers.