BUSINESS INSURANCE
Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks.
We will evaluate your insurance needs based on potential risks, which can vary depending on the type of environment in which the company operates.
It is especially important for small business owners to carefully consider and evaluate their business insurance needs because they may have more personal financial exposure in the event of a loss. If a business owner does not feel he or she has the ability to effectively assess business risk and the need for coverage.
Why Your Business Needs Insurance
Running a business comes with inherent risks: An employee could get injured on the job; a natural disaster could destroy property; or a client could file suit, alleging a contractual breach.
For those and other reasons, it is important to protect your assets, both business and personal. One of the best ways to do that is to make sure you and your business are adequately insured.
Here are ten top reasons why your business needs insurance.
- It’s the Law
- You Could Get Sued
- Keeps Your Business Up and Running
- Makes You Look Credible
- Protects Your Employees
- Covers Acts of God
- Guards Human Assets
- Helps to Attract and Retain Employee
- Contracts May Require It
- Because You Cannot Predict the Future
What you add-on covers in commercial vehicle insurance
DEPRECIATION SHIELD
In consideration of payment of additional premium, it is hereby agreed and declared that this Policy extends to cover the depreciation amount, partly or fully, on assessed damaged parts allowed for replacement during repairs in the event of a Partial Loss to the Insured Vehicle.
REVENUE LOSS PROTECTION COVER
In consideration of payment of additional premium, it is hereby agreed and declared that in the event of an admissible Own Damage Claim under the Policy, insurance company will pay you some payable own damage claim amount
CTOWING COVER
In consideration of payment of additional premium, it is hereby agreed and declared that in the event of the Insured Vehicle being disabled by reason of loss or damage covered in Policy, insurance company will bear the reasonable per kilometer cost of towing the Insured Vehicle from the spot of accident to the nearest repairer center
ENGINE PROTECTOR COVER
In consideration of payment of additional premium, it is hereby agreed and declared that this Policy extends to cover the consequential damage to the internal child parts of the engine of the Insured Vehicle arising out of water ingression and/or damage to gear box of the Insured Vehicle arising out of leakage of lubricating oil due to Accidental means.
How to Save Premium of Commercial Vehicle Insurance Policy ?
- Know Your Car's IDV
- Claim Your No Claim Bonus
- Install Security Devices
- Become AAI Member
- Increase the Voluntary Deductible
The value of your car depreciates overtime. Hence it is important to know your IDV. A lower IDV attracts a lower premium.
The No Claim Bonus is your rightful reward for being a responsible driver. Earn discounts of up to 50% on your premium year-on-year.
The safer your car, the lower will be the premium. Installing anti-theft devices can fetch you up to 2.5% discount on your car insurance premium.
Become a member of the Automobile Association of India and you can secure a concession on personal-damage premium.
A Voluntary deductible is the amount you agree to pay out of your pocket. The higher your voluntary deductible, the lesser will be your premium.
