First Policy - Insurance Brokers Company In India | Insurance agency

Under the dynamically changing set of conditions for business activities, risks are inevitable. The organized world risks a range of perils that can result in the mishap and lowered profitability impacting organizations. Of these, trade credit risks and cyber fraud are noteworthy because of the growing interconnectedness of the business world. Such risks are effectively addressed by liability insurance that rises as solid protection helping businesses face the challenges. The Importance of Liability Insurance The notion about liability insurance simply as the safeguard is mere an illusion: it is a must-have part of any efficient risk management strategy. Product and liability insurance, public liability policy, and cyber insurance policy are some measures articulated to give end to end coverage against numerous risks. As much as it may be a company’s product that has a negative impact or a hack that has occurred, liability insurance enables companies to be relieved of a financial blow...

Construction industry in India is one of the pillars of economic development in terms of contribution to the country’s GDP. Whether involving the construction of new and enormously large buildings or mega industrial projects carrying complicated design construction is undoubtedly a risky business. Schedules including the time necessary for executing the contract, design, and the construction may be threatened by natural disasters, fires, accidents, or theft, as well as threaten the financial position of stakeholders. Where construction all risk insurance is most effective is when the uncertainties makes safety and continuities a necessity. What is Construction Insurance? Construction insurance means any insurance that is associated with construction projects and those parties and assets involved with the projects. These policies include property damage, liabilities to a third party, and loss of business in the event of a shutdown. Contractors all risks insurance is perhaps one of the ...

Purchasing under construction property is a great chance to make profit for everyone – businessmen and buyers. However, this sort of investment also has its own dangers. Ranging from natural disasters to mishaps that are likely to occur during construction, it is apparent that losses could be very large. To maintain the return on investment, it is thus advisable to take an all-risk policy on your property. Now that you want insurance for your under construction property, these insurance policies should be considered. 1. Property Insurance in India Building and structure insurance is the primary insurance policy in India to protect the under construction buildings. It provides safeguard against natural disasters, theft and such events that may lead to cessation of the construction work. Having your property under this kind of cover reduces the possibility of incurring losses and wisely ensures you finish the project. 2. Construction all risk insurance Probably one of the most extensive ...

Business continuity planning is an organism's approach to maintaining business during the unexpected interruptions. One of such to be considered in the course of such planning is the issue of liability insurance, which is a form of cover against potential legal suits as well as other risks. Having liability insurance does more than protect from potential lawsuits, it also promotes long term stability by lessening the amounts that are lost. Starting from the professional indemnity insurance policy to cyber insurance policy liability coverage covers diverse interests, related to certain fields and operations. This blog explores the need for and features of liability insurance as a business continuity planning tool. Understanding Liability Insurance Liability insurance is insurance that financially guards a company against negligence, damage or legal responsibility. This makes sure that an organization has the capital cushion needed to meet any liabilities occasioned by law suits, co...