Property All Risk (PAR) insurance protects your office facilities, equipment, and assets from risks like Fire, Lightning, Explosion, Aircraft Impact and Smoke (FLEXAS), Typhoon, Storm, Flood, Water Damage (TSFWD), Riot, Strike, Malicious Damage, Civil Commotion (RSMDCC), Earthquake, Volcanic Eruption, and Tsunami (EQVET).
Example: If a fire damages your office and equipment, PAR insurance would cover the repair or replacement costs, enabling a swift return to normal operations.
Professional Liability insurance, also known as Errors & Omissions (E&O) insurance, protects your business against claims of negligence, errors, or omissions that could arise from the professional services provided to clients.
Example: If a client claims financial losses due to an engineering advice in a project, this policy would cover legal defense costs and any settlement, minimizing the financial impact on your business.
Group Travel & Personal Accident insurance provides coverage for employees who frequently travel for work, covering medical expenses, lost baggage, travel delays, and accident-related costs.
Example: If an employee is injured while on a business trip, this insurance would cover medical expenses and any additional travel arrangements needed, providing peace of mind for both the employee and employer.
Employee Benefit insurance helps provide health, life, and disability coverage including medical expenses (Inpatient & Outpatient) for your employees, enhancing retention and job satisfaction.
Example: Offering comprehensive health and life insurance to employees creates a supportive work environment, improving retention and helping your company stay competitive in attracting high-quality talent.
Motor Vehicle Fleet insurance covers all company-owned vehicles used in your engineering and professional service operations, from cars used for client visits to vans transporting equipment to project sites.
Example: If a company car is involved in an accident while an engineer is on the way to a project site, motor fleet insurance would cover repair costs and any third-party liability, helping you manage transportation risks effectively.
