Metal Industry

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Insurance for Metal Industry

As different industries evolve, metal manufacturing should evolve, too. Modifications in production equipment, production machinery, and infrastructure layout are ongoing, and they bring about several latest opportunities to tool and die, makers, structural steel and sheet steel producers, and different steel working experts. Those possibilities can be profitable so long as you shield against the dangers.
We realize that the risks your metal manufacturing business faces are special from the risks affecting different manufacturing groups. We additionally consider that you may help to defend in opposition to your particular set of dangers with the proper records and a few smart steerages.
Our value-delivered offerings attention to assisting you to identify and mitigate the risks your enterprise faces every day. An evaluation of your protection systems, dangerous substances, and great exercise chance manipulate measures can help find the inherent risks associated with the system and materials you use.

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Property Damage

Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

Business Interruption / Loss of Profits

Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted due to direct physical loss or damage, such as might be caused by a fire or a natural disaster. THis type of insurance also covers operating expenses, a move to a temporary location, if necessary, payroll, taxes, and loan payments.

Commercial General Liability

Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.

Directors And Officers Liability

The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment.

Marine/ Sales Turnover Policy

Sales turnover policy (STOP) is a highly evolved marine insurance cover. Thus, it is suitable for industries where multiple internal transits require to produce/manufacture the final product for sale.

Employer’s Liability

The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by the workmen arising out of and in course of employment.

Cyber Insurance

Cyber insurance policies protect companies from hackers and other individuals or groups who may gain access to company-stored personal identifying information.

Trade Credit Insurance

Trade credit insurance (TCI) reimburses companies when their customers are unable to pay because of insolvency or destabilizing political conditions.