Corporate and SME insurance is a type of insurance that provides protection to your
business, irrespective of its size or industry. It helps to safeguard your business
against various risks and uncertainties that can impact your operations, products,
finances and reputation. These risks include property damage, employee illness or
injury, business interruption, third-party liabilities and product loss or
Corporate and SME insurance policies are customised to meet the unique requirements of
different businesses. For example, marine cargo insurance provides coverage against the
risks associated with the transportation of goods, including loss or damage due to
accidents, natural disasters, piracy and theft.
Reliance General Insurance provides a wide range of policies to cater to the specific
needs of different businesses. These include:
Insurance: Provides financial protection to doctors, chartered
accountants, management consultants, lawyers, architects and consultant engineers
against any legal expenses and damages caused by allegations of professional negligence
and error. This policy covers all the costs, expenses and fees incurred for the
investigation, defence and settlement of any allegation.
Compensation Insurance Policy: Provides financial support to your
employees if they get injured or die as a result of or during their employment. This
coverage is mandatory under the Employee Compensation Act 1923, Common Law and Fatal
Accidents Act 1855. Any commercial company can buy this policy.
and Officer’s Liability Insurance: Offers protection to your
company’s directors and key officers against the financial consequences of any legal
claims and lawsuits that may arise due to their decisions or actions. This policy can be
purchased by public liability, non-profit and private organisations.
Marine Cargo Insurance
Policy: Offers coverage to your cargo (goods being transported by
land, sea or air) against any possible mishap. It provides protection against risks such
as fire or explosion, ship collision and sinking, theft, malicious damages and natural
calamities. This policy helps you to protect your cargo from the time it leaves the
warehouse or place of origin until it reaches its final destination.
Policy: Offers coverage to small- and medium-sized shopkeepers
against theft or damage to their shop structure and its contents. This policy also
covers breakdown of all mechanical and electrical appliances, legal liability toward
employees and third parties, money in transit or in safe, and more. You can customise
the cover as per your requirement.
Pardhan Mantri Fasal Bima
Yojana: Provides financial coverage to farmers against unexpected
crop loss or damage caused by adverse weather conditions, pests and crop diseases. All
farmers, including tenant farmers, are eligible for this policy. Note that only the
crops notified by the State Government are covered.
Plant and Machinery Insurance: Offers protection to the plants and
machinery used at your project site against physical loss or damages caused by
accidents, fire, burglary and riots. You can also customise this policy by opting for
add-on covers for clearance and removal of debris, express freight, air freight, third
party liability and terrorism.
and Special Perils Policy: Offers protection to your properties,
including house, office, shop and factory, against losses or damages caused by fire and
related perils such as lightening, storm or cyclone, explosions, riots, strikes and
malicious damages. You can also enhance the cover for your insured property by opting
for add-ons such as Spoilage Material Damage Cover, Impact Damage Cover, Leakage and
Contamination Cover and more.
Reliance Contractor All
Risk: Provides coverage to your civil construction projects against
loss or damage to construction material, plant, machinery and temporary structure such
as sheds and offices. It also comes with a third party liability coverage. Note that
this policy covers civil project like building construction, road, dam, bridges on land
or rivers or creeks, flyover and tank construction.
Reliance Erection All
Risk: Offers coverage to machinery, plant, equipment, civil work and
other material work at your project site against physical loss or damage caused by fire,
lightning, burglary, explosion, and natural disasters such earthquake and floods. This
policy also comes with a third party liability coverage.