First Policy - Insurance Brokers Company In India | Insurance agency

Industrial operators focus their main business effort on asset protection because of the fast-paced activities in their operations. Useful equipment with inventory as well as raw materials that fuel operations exist in warehouses and factories. Industrial activities thrive throughout India demanding essential asset protection through appropriate insurance policies. Robust insurance coverage reduces business risks and protects operations from disruption while calming business owners. A complete breakdown of asset protection strategies includes warehouse insurance together with factory insurance in India alongside appropriate policies designed for industrial requirements. Understanding the Importance of Insurance for Industrial Assets Businesses face extensive financial losses whenever disasters such as natural events and theft incidents combined with fires or operational accidents occur. The probability of recovering becomes almost impossible when insurance coverage does not exist. Prop...

The construction phase of any property development activity is in many ways considered as being a contentious phase. Due to various acts of God, or perhaps accidental mishaps, under-construction structures are plagued with numerous risks that adversely affect their profitability. To avoid such risks, specific insurance protection is mandatory. There are special policies such as construction all risk insurance, contractors all risk insurance for those willing to enjoy safe Bringing policies like construction all risk insurance and contractors all risk insurance ensure any stakeholders involved in construction projects do not suffer any shock or hitches while completing their projects. Addressing Unique Risks in Construction Properties under construction are at the risk of vandals, theft, among other risks which are not associated with completed buildings. The following are examples: severe weather, unpredictable physical conditions to equipment and tools, theft of the equipment, acciden...

In the current business environment, which changes with high speed, management of risk is critical for success. The contemporary commercial risks present most companies with diverse risks and potential financial risks that need adequate insurance coverage. While most operations may consider it a backup, liability and credit insurance policies are critical to prevent operations from getting caught in legal shacks and credit risk. To provide a closer look into the insurance policies most business entities in the contemporary world should embrace to gain comprehensive coverage, here is a detailed examination of the superior insurance policies. 1. Professional Indemnity Insurance Policy These professional services pose the risks of real errors or omissions have been made, or negligence has occurred in the provision of services. The professional indemnity insurance policy helps to fight such cases and to compensate the firm for the loss following such occurrences. In particular, it concern...

Looking at the current and ever-changing business environment in India, this is not something you want to do; it is something you have to do. Naturally, the Indian companies have a number of risks that threaten their operation, including natural disasters or unexpected accidents that require property insurance. This is where property insurance in India comes as a package as an insurance solution exclusively protecting entities against loss due to damage to physical assets. Understanding Property Insurance Building & content insurance in India offers protection for physical items that one owns like building, machines, stocks, other goods etc. It protects against such risks as fire risks, theft risks, flood risks, risks of earthquake, other natural or man-made calamities risks, among others. They’re also versatile, and the size of the business determines the policies that companies will implement. Types of Property Insurance Various peculiarities of Indian businesses have led to the ...

  Manufacturing is a key driver of the industrialization process in India and has a large contribution to the country’s receipt. Preliminary protection needs to focus on the tangible assets as the companies within this domain do not deal with services or intellectual property. That is where property insurance in India comes into play. It serves as a protective layer in the financial hazard because of the occurrences such as fire, theft, or disasters. In the following guide, some of the most vital issues related to property insurance and its functions for Indian factories will be discussed.   Why Property Insurance is Essential for Manufacturing Units Manufacturing units are big structures that contain large numbers of expensive equipment, costly inventories and manpower. Situations like fire outbreaks, floods, or road accidents can easily cause cessation of business and a lot of monetary losses are realized. Business factory insurance India for example enables firms to achiev...