Corporate Insurance Insurance
Contractor’s All Risk (CAR) Insurance
Contractor’s All Risks (CAR) Insurance provides comprehensive coverage for physical loss or damage to construction projects and third-party liabilities during the construction phase. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Medical Insurance
Medical Insurance will cover medical expenses incurred as an inpatient and/or in some instances as an outpatient in hospitals and/or nursing homes in Sri Lanka, for corporate employees All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Public Liability Insurance
Public Liability Insurance covers legal liabilities and provides financial compensation for injuries or property damage caused to third parties, as a result of the Insured’s business activities. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Travel Insurance
Travel Insurance Policies cover risks associated with travelling for organisational purposes, such as loss of luggage, travel delays, and death or injury to the insured person, whilst travelling. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Cyber Security Insurance
Cyber Security Insurance covers losses from a variety of cyber incidents, including data breaches, business interruption, and network damage. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider
Directors & Officers Liability Insurance
Directors and Officers Liability Insurance compensates the Insured (the company) for any wrongful act committed by a director, officer, or an employee of the company. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Product Liability Insurance
Product Liability Insurance covers legal claims and financial compensation to third parties who sustained injury or damages caused by defects in the Insured’s products, usage instructions and/or labelling. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Erection All Risks (EAR) Insurance
Erection All Risks (EAR) Insurance offers protection against physical loss or damage during the erection, installation, and testing of machinery, equipment, and steel structures. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Professional Indemnity Insurance
Professional Indemnity Insurance provides coverage for legal liabilities and financial losses resulting from errors, omissions, or negligence in the professional services or advice provided by an individual or organisation. If the insured happens to be a healthcare facility, the policy can be extended to cover medical malpractice. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Group Life Term Assurance
Group Life Term Assurance provides compensation to beneficiaries of employees, in the event of natural or accidental death of employees, and could be extended to include Critical Illness, which triggers a payment on diagnosis, irrespective of death. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Personal Accident Insurance
Personal Accident Insurance is a cover operating on a world-wide basis, that offers financial compensation in the event of bodily harm caused by violent, visible or external events, resulting in total/ partial disability or dismemberment. The policy could be extended to cover weekly benefits due to temporary total or temporary partial disability. The persons covered must be named in the policy. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Neon Sign Insurance
Neon Sign Insurance covers theft, accidental damage, and loss or damage caused by fire/lighting/explosions of neon signs under the possession of the Insured. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Workers’ Compensation Insurance
Workers’ Compensation Insurance provides coverage for an employer’s legal liability to compensate employees for work-related injuries, illnesses, or death, including medical expenses, loss of earnings, and rehabilitation costs, up to a maximum of Rs.550,000. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Plate Glass Insurance
Plate Glass Insurance provides coverage for the cost of repairing or replacing glass windows, doors, or other fixed glass installations that are damaged or broken due to accidents, vandalism, or other covered perils. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Fidelity Guarantee Insurance
Fidelity Guarantee Insurance reimburses the direct pecuniary losses which the Insured suffers due to acts of fraud or dishonesty committed by employees. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Machinery All Risks (MAR) Insurance
Machinery All Risks (MAR) Insurance covers physical loss or damage to machinery from a wide range of risks, such as accidental damage, breakdown, or external perils. Machinery that is less than 15 years old from the date of manufacture or date of purchase as brand new, can be covered. The MAR policy can be extended to cover Riot & Strike and if required, Terrorism within island-wide geographical limits. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Machinery Loss of Profit (MLOP) Insurance
Machinery Loss of Profit (MLOP) Insurance covers financial losses the business may face due to machinery breakdown. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Business Interruption (BI) Insurance
Business Interruption (BI) Insurance compensates for the financial loss a business experiences due to a disruption in its operations following damage to property or other insured events, covering lost income and additional expenses incurred during the interruption period. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Boiler Insurance
Boiler Insurance is a combined insurance package for a commercial boiler, covers the risks associated with the operation of boilers, including damage to the boiler itself, damage to surrounding property, and legal liability for injury or damage caused by boiler explosions or other covered incidents. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Marine Import/Export Insurance
The insurance can be designed to cover all types of INCO Terms with universally accepted international insurance clauses. Whilst Cargo Clause ‘A’ covers comprehensively, Clause ‘B’ has a limited form of cover and Clause ‘C’ is a more or less total loss only. The insurance provides storage cover after discharge up to 30 days for sea cargo and 15 days for air cargo. An extended period of storage cover could be negotiated with the insurers. The insurance could be extended to cover War, Strike, Riot & Civil Commotion.
Cash-in-Transit Insurance
Cash-in-Transit Insurance covers the loss of or damage to cash by any cause as per the insurance policy, either whilst on the premises of the Insured, or whilst in transit with authorised messengers. The policy could be extended to cover personal assault of the persons carrying cash as well as a limited form of infidelity cover. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Goods in Transit Insurance
A goods in Transit insurance covers loss, damage, or destruction caused to the goods whilst in transit by road, rail, or inland waterway by any cause unless specifically excluded.
All Risks Insurance
All Risks Insurance covers valuables such as jewellery, mobile phones, cameras etc., against most unforeseen physical loss or damage. Common exclusions include wear & tear, willful damage, loss when unattended or from an unattended vehicle, gross negligence, radioactive contamination, nuclear exclusion, damage to software, etc. The policy could be extended to cover worldwide geographical limits, Riot & Strike and, if required, Terrorism (limited to Sri Lanka). All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Burglary Insurance
Burglary Insurance covers loss or damage to property resulting from unlawful entry into premises with the intent to commit theft, typically providing coverage for stolen items, damage caused during the break-in, and sometimes related expenses. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Property All Risks Insurance
Property All Risks (PAR) Insurance covers a wide range of risks which can cause physical loss or damage to the insured property, unless specifically excluded. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.
Industrial All Risks Insurance
Industrial All Risks (IAR) Insurance This is a more comprehensive policy tailored specifically for industrial and manufacturing businesses. It not only covers property damage but also includes coverage for machinery breakdown, business interruption, and other risks associated with industrial operations. All policy coverages are subject to certain exclusions, and depend on the type of policy and insurance provider.