Insurance Types for Corporate

INSURANCE TYPES FOR CORPORATE

MARINE & INLAND POLICY

Inland marine insurance generally covers property that is movable or transportable in nature. This covers the loss or damage of cargo transferred, acquired, or held between the points of origin and final destination. When goods are transported by mail or courier, shipping insurance is used instead.

HULL & MACHINERY INSURANCE

Hull & Machinery insurance is a fundamental protection of a vessel against damage. The vessel, including its machinery and equipment, is insured to the full value and depending on the chosen cover, the following risks may be indemnified: Total loss (actual or constructive) or expenses that might be incurred in repairing / replacing damaged parts of hull, machinery, and other equipment Expenses paid for prevention, minimizing of damages or calculation of loss, in case such expenses are caused by an insured peril, Vessel gone missing General Average contribution Salvage expenses, Apart from the risks mentioned, Hull & Machinery policy may also include additional cover, such as: Increased Value Insurance, Loss of Hire, War Risks, Fuel and Stores on board, Cash on board, Running Down Clause, Fixed and Floating Objects.

ENGINEERING INSURANCE

Engineering insurance includes but not limited to: equipment insurance, contractors all risks, liability insurance, machinery break down, erection all risks, CPM (Comprehensive Machinery Insurance).

FLEET INSURANCE

If your business runs more than one vehicle, you should consider a fleet insurance policy rather than a series of separate insurance arrangements for each vehicle. Insuring all your vehicles in one insurance policy will be a commercial contract, and it would be much cheaper in one hand. Moreover, on the other hand, a fleet insurance policy will give you the opportunity to insure all the drivers to take the wheel of any of the vehicles. This would boost flexibility and productivity and remove the need for any individual to have to wait for a particular vehicle to come back to base before he could go out on a job.

CASH TRANSIT INSURANCE

A Money Insurance policy covers loss of business money when carried by the insured or other employees. Cash Transit Cover is not usually arranged separately from other business insurances, and is often included in Package Insurances, and can be added to larger more complex business risks. However, if your business needs a separate Money insurance policy, EMKS can help you to obtain it.

FIDELITY GUARANTEE

Fidelity Guarantee Insurance cover the loss or burglary of properties or cash while held by one of the trusted employees, it includes but not limited to the Money – Currency, bank notes, travelers checks, registered checks and money orders held for sale to the public. Securities – Negotiable and non-negotiable instruments or contracts representing either “money” or other property. All tangible property other than money and securities, Computer equipment as an example.