Logistics/Shipping/Aviation and Aerospace
The logistics industry encompasses all activities related to moving goods, services, and information from their origin to their destination, including transportation, warehousing, inventory management, and order processing. It plays a crucial role in supply chain management, ensuring the efficient and timely delivery of goods to consumers and businesses.
The shipping industry is a vital part of the global economy, facilitating the movement of goods and people by sea. It encompasses various segments like container shipping, bulk shipping, and tanker shipping, playing a crucial role in international trade. The industry also includes services like shipbuilding, ship repair, cargo handling, and freight forwarding.
The aviation industry involves all businesses and activities related to aircraft, including their design, manufacturing, operation, and maintenance. It's a broad sector that includes airlines, aircraft manufacturers, airports, and supporting services like air traffic control. Aviation is a key enabler of global travel and trade, and it has a significant economic impact..
Insurance Offerings for these industries:
Logistics
1 Multi-Modal Transport Liability Insurance
To cover the legal financial liability of MTO towards clients & third-parties arising out of its operations resulting in injuries or property damage (as per applicable laws of land).
2 Carrier's Legal Liability Insurance
To cover the legal financial liability of a road carrier towards clients & third-parties arising out of its operations resulting in injuries or property damage (as per applicable laws of land).
3 Marine Insurance
To safeguard the entities involved in logistics business from the potential Financial costs arising out of physical loss or damage to project cargo & materials arising out of maritime or transit adventures.
4 Workers/ Employees Compensation Insurance
To cover the legal financial liability of the employer towards its employees arising out of accidents at the factory premises causing injuries to the workers (as per applicable laws of land).
5 Property/Warehouse Insurance
To safeguard bailees, trustees, prinicpals, owners, financiers and lenders from the potential Financial costs arising out of physical loss or damage to assets of trading entities like offices, warehouses, godowns, etc. from the risks of fire, flood, storm, earthquake, collapse, Lightning and like. Various forms are available in the market (depending upon value & coverage) like Bharat Griha Raksha, Bharat Sookshma Udhayam (Micro), Bharat Laghu Udyam (MSME), Standard Fire & Special Perils, Property All Risks, Industrial All Risks and Large Mega Risks
Shipping
1 Hull Insurance
To safeguard shipping companies and like from the potential financial costs arising out of the physical loss or damage to ships, yachts, cruise, barges, tug-boats etc. from the risks of fire, flood, storm, earthquake, collision, Lightning and other maritime adventures.
2 Ship Builders' Insurance
To safeguard ship builders from the potential Financial costs arising out of physical loss or damage to works while constructing a vessel from the risks of fire, flood, storm, earthquake, collapse, Lightning and like.
3 Ship Repairers' Insurance
To safeguard the ship repairer from the potential Financial costs arising out of physical loss or damage to the vessel under repair during his custody.
4 Port Insurance
To safeguard port authorities and like from the potential Financial costs arising out of physical loss or damage to shipping ports, inland container depots, terminals and like from the risks of fire, flood, storm, earthquake, collapse, Lightning and like. Various forms are available in the market (depending upon value & coverage) like Bharat Griha Raksha, Bharat Sookshma Udhayam (Micro), Bharat Laghu Udyam (MSME), Standard Fire & Special Perils, Property All Risks, Industrial All Risks and Large Mega Risks.
5 Workers/ Employees Compensation Insurance
To cover the legal financial liability of the employer towards its employees arising out of accidents at the factory premises causing injuries to the workers (as per applicable laws of land).
Aviation & Aerospace
1 Hull Insurance
To safeguard airlines, space agencies and like from the potential Financial costs arising out of the physical loss or damage to aircrafts, helicopters, spacecraft, etc. from the risks of fire, flood, storm, earthquake, collision Lightning and other maritime adventures.
2 Spacecraft & Satellite Insurance
To protect manufacturers & space agencies from the financial risks involved like launch, post separation, in-orbit operations, loss of incentives, warranty payments and like.
3 Loss of License Insurance
It intends to provide financial security to the crew of airlines in case of license suspension whether permanent or temporary due to medical exigencies.
4 Passenger Liability Insurance
It intends to cover the Financial liability of airlines towards its passengers arising out of an accident resulting in bodily injury.
5 Property Insurance
To safeguard aircraft Manufacturers, airports and like from the potential Financial costs arising out of physical loss or damage to aircraft manufacturing facility, airports and like from the risks of fire, flood, storm, earthquake, collapse, Lightning and like. Various forms are available in the market (depending upon value & coverage) like Bharat Griha Raksha, Bharat Sookshma Udhayam (Micro), Bharat Laghu Udyam (MSME), Standard Fire & Special Perils, Property All Risks, Industrial All Risks and Large Mega Risks.
6 Workers/ Employees Compensation Insurance
To cover the legal financial liability of the employer towards its employees arising out of accidents at the factory premises causing injuries to the workers (as per applicable laws of land).