Corporate Insurance

Corporate Insurance refers to insurance policies designed to protect businesses and organizations from various risks like property damage, liability claims, employee-related risks, legal issues, and financial losses.

Common types include Fire Insurance, Liability Insurance, Group Health Insurance, Workmen Compensation, Cyber Insurance, Marine Insurance, and Business Interruption Insurance.

It helps protect businesses from unforeseen financial losses, ensures continuity in case of disruptions, enhances credibility, and is often required for compliance and risk management.

While not mandatory by law in all cases, offering group health insurance is a common practice and often required by companies as a part of employee benefits and welfare compliance.

It covers legal liabilities arising from injuries or damages to third parties due to business operations, including compensation, legal costs, and related expenses.

Premium depends on nature of business, number of employees, risk exposure, coverage type, claim history, and size of the organization.

Yes. Corporate insurance plans are highly customizable. Businesses can select specific coverages and add-ons based on their industry, risk factors, and operational needs.

Basic documents include company registration proof, employee data, business activity details, claim history (if any), and ID proofs of authorized signatories.

You need to notify the insurer immediately, fill out the claim form, submit supporting documents (invoices, FIR, damage reports), and cooperate during the inspection/survey.

Absolutely. SMEs and startups can benefit from tailored corporate insurance packages that offer cost-effective protection for their unique business risks.