Business Protection · Risk Management · Commercial Cover
Business Insurance
Insurance solutions designed to help businesses manage financial losses arising from specified risks.
Asset Protection
Protect eligible business property.
Liability Cover
Manage covered third-party liabilities.
Business Continuity
Support eligible interruption losses.
Employee Protection
Cover selected employee-related risks.
Customised Cover
Choose covers based on business risks.
Overview
What is Business Insurance?
Business insurance, also known as commercial insurance, refers to a range of insurance products designed to help businesses manage financial losses arising from specified risks.
Depending on the business and policy, coverage may protect property, machinery, stock, employees, liabilities, business income, cargo and other business interests.
Why Consider
Why is Business Insurance Important?
- Protects eligible business assets against covered losses
- Helps manage covered third-party legal liabilities
- Can support business continuity after an insured interruption
- Provides selected employee-related protection
- May satisfy certain contractual or regulatory requirements
Risk Management
Choose Cover Based on Your Business
The right insurance depends on your industry, business size, location, assets, employees, operations, contractual obligations and specific risks.
Coverage Options
Types of Business Insurance
Property Insurance
Protects eligible buildings, machinery, stock, equipment and other business assets against specified perils.
Business Interruption
May cover eligible loss of income, continuing expenses or increased cost of working after an insured interruption.
Public Liability
Helps manage covered legal liabilities arising from accidental third-party injury or property damage.
Product Liability
Provides protection against specified liabilities arising from insured products.
Professional Indemnity
Relevant for professional services where claims may arise from covered errors, omissions or negligence.
Employee Insurance
May include employee compensation, group health and group personal accident covers.
Machinery & Equipment
May cover machinery breakdown, electronic equipment and other engineering risks.
Burglary & Theft
Protection for specified losses involving stock, equipment or other business property.
Marine Cargo / Transit
Can protect insured goods against specified loss or damage while in transit.
Cyber Insurance
May address specified cyber-related losses and liabilities for digital businesses.
Business Assets
Property Insurance
Property insurance can cover eligible business buildings, plant and machinery, furniture, stock, equipment and other insured property against specified perils.
Buildings
Plant & Machinery
Furniture
Stock
Equipment
Other Property
Continuity
Business Interruption Insurance
Business interruption insurance may help cover eligible financial losses when operations are interrupted because of an insured event.
- Loss of gross profit or business income
- Continuing fixed expenses
- Increased cost of working
- Other specified financial losses
Liability Protection
Public, Product & Professional Liability
- Public liability for covered third-party injury or property damage
- Product liability for specified liabilities arising from insured products
- Professional indemnity for covered professional errors, omissions or negligence
Employee Protection
Employee & Workmen-Related Insurance
Businesses may choose insurance relating to employee risks, depending on their operations and applicable requirements.
Employee Compensation
Group Health
Group Personal Accident
Specialised Protection
Machinery, Cyber, Cargo & Crime Covers
- Machinery breakdown and electronic equipment
- Burglary and theft involving business property
- Marine cargo or transit risks
- Cyber-related losses and liabilities
- Fidelity guarantee and specified employee dishonesty risks
Key Benefits
Benefits of Business Insurance
- Protection for eligible business assets
- Financial protection against covered liabilities
- Support for business continuity
- Employee protection and benefits
- Flexible and customised coverage
- Reduced financial impact of specified unexpected events
Buying Guide
Where Can One Buy Business Insurance?
- Directly from general insurance companies
- Through licensed insurance agents
- Through licensed insurance brokers
- Through registered digital insurance platforms
- Through eligible industry or professional associations
Always verify that the insurer or intermediary is appropriately registered or authorised.
Industry Specific
Different Businesses Need Different Covers
Manufacturers
Product and machinery-related insurance
Consultants
Professional indemnity cover
Technology Businesses
Cyber-related protection
Logistics Businesses
Cargo or transit insurance
Employee-Based Businesses
Employee-related covers
Retailers
Property, stock and liability protection
Important
Business Insurance Is Not an Investment
Business insurance is a risk-protection product rather than an investment product. It generally does not provide investment returns, interest, wealth creation or a maturity benefit.
Protection is subject to the sum insured or policy limits, deductibles, exclusions, conditions, documentation requirements and claim assessment.
Documentation
Documents Generally Required
- PAN, Aadhaar or other accepted KYC documents
- Business registration and incorporation details
- GST, Udyam or other applicable registrations
- Registered office or business premises details
- Building, machinery, equipment and stock details
- Financial or turnover information, where required
- Employee details for employee-related covers
- Existing insurance and claims history
- Additional risk, safety or cyber-security information, where required
Coverage Amount
Choose an Adequate Sum Insured
The sum insured should reflect the appropriate value of the assets or potential liabilities being covered. Underinsurance can result in inadequate claim payments depending on the policy terms.
Things to Know
Before Buying Business Insurance
- Assess the major risks faced by your business
- Choose an adequate sum insured
- Understand exactly what is covered
- Check business interruption conditions
- Review liability limits
- Understand policy exclusions
- Consider industry-specific risks
- Compare more than just the premium
- Understand the claims process
Claims
Understand the Claims Process
- Know how to report a loss
- Preserve relevant evidence
- Submit the required documents
- Understand survey or inspection requirements
- Follow repair or replacement procedures
- Meet applicable claim notification timelines
Conclusion
Protect Your Business Against Unexpected Risks
Business insurance can help reduce the financial impact of specified unexpected events, asset damage, liabilities and interruptions to operations.
Compare coverage, limits, deductibles, exclusions, add-ons, claims service and insurer credentials rather than choosing a policy based only on price.
Need help choosing business insurance?
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