Covers most businesses should review

Property and assets

Fire and allied perils for the building (if you own it), fit-out, furniture, equipment and stock.
Burglary and theft of contents and stock, and money insurance for cash on premises and in transit.
Electronic equipment and machinery breakdown for IT hardware, air-conditioning, generators and plant.
Business interruption, which covers lost profit and continuing costs while you recover from an insured loss.

Liability

Public liability for injury or damage to visitors and third parties.
Professional indemnity for advice-led businesses, and directors' and officers' liability for boards and senior management.
Cyber insurance for data breaches and system attacks.

People

Group health and group personal accident cover for employees.
Employees' compensation for your liability if an employee is injured at work.

The gaps we find most often

Underinsurance. If the sum insured is lower than the real value of the property, most property policies pay claims in proportion, under what is called the average clause. Insure a Rs 1 crore fit-out for Rs 50 lakh, and a Rs 20 lakh loss may pay only about Rs 10 lakh.
Values not updated after a fit-out, an expansion or new equipment.
Tenants assuming the landlord's policy covers them. It usually covers the building, not your fit-out, equipment or stock.
No business interruption cover, so the policy pays to repair the office but not for the income lost while it is closed.
Contract requirements missed. Leases and client contracts often require specific covers or limits, such as public liability or professional indemnity.
Employee covers out of date: headcount, salaries or family definitions in group policies that no longer match reality.

How a coverage review works

We collect your current policies, asset and stock values, headcount and payroll, and any contracts that set insurance requirements.
We map your actual risks against what the policies cover and list the gaps, the overlaps and anything over-insured.
We compare options and terms across insurers for the covers you need.
We check the policy schedules when they are issued, so the sums insured, locations and add-ons match what was agreed.
We keep a renewal calendar and review cover again whenever your business changes.

When a claim happens

Claims go most smoothly when the insurer is told promptly, the damage is documented before clean-up, and the surveyor has what they need. We help you prepare the documents, coordinate with the surveyor, and follow up until the claim is settled.

Insurance Services: common questions

Does our landlord's insurance cover our office?

Usually not. A landlord's policy typically covers the building structure. Your fit-out, furniture, equipment, stock and liability to visitors need your own cover.

What is the average clause?

If your property is insured for less than its actual value, most property policies reduce claims in the same proportion. Insuring at half the real value can mean receiving only half of each claim.

How often should we review our insurance?

At every renewal, and whenever the business changes: a new office or fit-out, new equipment, a big change in headcount, or a new contract that sets insurance requirements.

Do you help with claims?

Yes. We help prepare the claim documents, coordinate with the insurer's surveyor and follow up until settlement.

Insurance Services