PROPERTY RISKS:

It mainly comprises of material value in the form of tangible assets. Since tangible property has a physical shape and consistency, it is subject to many risks ranging from fire, allied perils to theft and robbery. But if a person judiciously invests in insurance for his property prior to any unexpected contingency then he will be suitably compensated for his loss as soon as the extent of damage is ascertained.

PEOPLE RISKS:

Under the purview of this class of insurance, the risks associated with human life in general can be covered up to the limit specified. A person can insure his or her life and his health against any unplanned contingencies. In event of his death, his dependants will be reimbursed to the full amount that he was insured for. Or if the insured person meets with an accident or suffers from an illness that cripples him forever, he will be compensated with the complete sum assured anyway since he may not be able to lead a normal life again. In case, the accident is not that severe, he should be able to recover after medical treatment and rehabilitation. If he has opted for medical cover, then his medical expenses, treatment and medication will be paid for by his insurance policy.

FINANCIAL RISKS:

Today’s corporate environment is characterized by increased sensitivity to Corporate Governance issues, stringent client contracts, demanding stakeholders and an increased need for protection against fraud. This necessitates companies to protect themselves against a wide range of exposures arising out of the dynamic nature of business.

LIABILITIES RISKS:

Irrespective of the size of business, it is pivotal to consider liability insurance. It is prudent to cover your business against all kinds of liabilities -- public liability (third party injury or property damage) from industrial and non-industrial operations, product liability, professional indemnity, D&O liability and E&O liability.