Welcome to SkyFire Insurance Broking LLP!
Welcome to SkyFire Insurance Broking LLP!
Commercial lines insurance is a type of property and casualty insurance or non-life insurance policy offered to businesses. The policy can cover a range of insurance needs for the business, including everything from auto insurance for the company’s fleet of vehicles to workmen's compensation insurance for employees.
Commercial lines insurance is significantly more complex than an ordinary insurance policy. There are many different policies and coverage options bundled into each commercial lines insurance policy. Instead of getting workmen compensation from one company and auto insurance from another company, a corporation might get all of their insurance needs through a single commercial lines insurance policy.
Making commercial lines insurance even more complicated is that larger corporations might use a combination of commercial lines insurance policies to offer the best utility instead of working with a single insurance company. One division of a corporation may be covered by one commercial lines policy, while another division may be covered by another commercial lines policy
This is one of the most commonly purchased commercial insurance policies. The policies cover damages to your commercial properties like your offices, buildings, homes, factory, hotels etc.
Perils Included are -
These policies deals with coverage for marine cargo risks during their transportation from one place to another for both domestic and international and for all types of industries such as paper and pulp, oil and gas, steel mills, manufacturing, food and beverages etc. Coverages can be for a single transit or can be covered annually as well depending upon the need and requirement of the insured.
It is for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can expand to defense costs arising out of criminal and regulatory investigations/trials as well. Often civil and criminal actions are brought against officers/directors simultaneously.
Commercial General Liability (CGL) insurance policy is designed to protect businesses against any legal liability that involves paying compensation for damage or injuries incurred by a third party from your routine business operations
Workmen compensation policy covers the statutory liability of an employer for the death, disability and bodily injuries of his employees caused by accidents arising out of and during the course of their employment.
Erection All Risk (EAR) policy is made to cover Plant and Machinery under erection. The interest of Manufacturers, Contractors, Sub-contractors can be recorded in this type of policy.