Any organization carries risk whilst conducting business operations that can result into a legal liability. Liabilities can arise from Employees, Customers/clients, Third parties, Shareholders, Regulators, Competitors etc.

Property risk comes in varied forms, ranging from material damage to business interruption losses. We at MIBL, structure these policies with a bespoke worded policy that ring fences all the insurable risks. Risks related to engineering can be covered through machinery break-down, erection all-risks, contractor’s all-risks and contractor’s plant and machinery insurance. As a principal, if you wish to ensure the protection of the projected profits, then an advanced loss of profit can be availed.

Globalization has increased interdependency between countries to the extent that goods produced in one country is consumed in another. When the goods are transported from one place to another they are exposed to certain risks during transit. Marine Cargo Insurance provides protection to the Cargo Owners as it covers any physical loss or damage caused to the cargo whilst in transit or any storage which are incidental to transit from once place to another.

Any individual or organization may opt for Marine Cargo. They may be the sellers/buyers/exporters/importers/domestic traders who can suffer financial losses due to the physical damage caused to the cargo in transit. The Marine Cargo policies cover single as well as multiple transits, either by single mode or multiple modes like Rail/Road/Sea/Coastal/Inland Waterways/Air/Courier & Post.

A) Kidnapping and Ransom are very real threats when senior level executives travel to countries/geographies where kidnapping is common. The policy predominantly takes care of the ransom money payable to kidnappers and the response cost.

B) With terrorism lifting its evil head across the globe, we structure terrorism cover for material damage, business interruption and CGL policies covering terrorism legal liability.

Sundry debtors is one of the current assets which normally witnesses aging. Some buyers tend to delay payments and often have to be written off as bad debts. Trade Credit policy protects against protracted defaults in payments, bankruptcy leading to non-payments and political embargo resulting in the inability to repatriate revenue to the home country (political risk).

The momentum of M&A within India and across the globe has picked up. Though companies carry out due diligence during the process, there could be disputes that arise out of the sales purchase agreement. These could result in liabilities that affect the Directors and the officers of the company.

Employee benefits include health, life, disability and other insurance plans provided to the employees and their dependents, over and above their normal compensation. These benefits help employers to attract and retain employees as well as motivate them to perform better at their roles.