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Tailored Insurance Assistance for Corporates

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Why Choose Us for Your Corporate Insurance Needs?

At Affinity Global , we understand that each corporate entity has unique insurance requirements. Our mission is to provide comprehensive, tailor-made insurance solutions that ensure your business is protected from unforeseen risks. With a dedicated team of experts, we deliver personalized service, competitive pricing, and seamless claims management.

Key Points
  • Trusted by various corporate clients PAN India
  • Access to a broad network of top-tier insurance providers
  • Commitment to excellence and customer satisfaction

Our Comprehensive Suite of Services

Surety bond insurance is a type of insurance that provides financial protection and risk mitigation for various parties involved in a contract or agreement. Unlike traditional insurance, where the insured pays premiums to protect against potential losses, surety bonds involve three parties:

  • Principal: The party that purchases the bond to guarantee the fulfillment of an obligation.

  • Obligee: The party that requires the bond as a form of assurance that the obligations of the contract will be fulfilled. This could be a government agency, a project owner, or any entity that needs a guarantee of performance or payment.
  • Surety: The insurance company that issues the bond and guarantees the fulfillment of the obligation if the principal fails to do so. The surety backs the principal's promise with its own financial resources.

If the principal fails to fulfill the terms of the contract, the obligee can make a claim against the surety bond. If the claim is valid, the surety will compensate the obligee for any financial losses up to the bond's coverage amount. The principal is then responsible for reimbursing the surety for any claims paid out, along with any associated costs or fees.

Surety bond insurance is commonly used in various industries, including construction, real estate, finance, and government contracting, to ensure contractual obligations are met and to protect against financial losses resulting from non-performance or default.

Surety Bonds are one the most cost-effective ways to finance contract security obligations. This allows contractors to :-

  • Free up funds & contractor can bid for additional tender/ contracts
  • Saving of bank limits for other purposes such as working capital & to fund expansion plans
  • Reduce debt
  • Surety bonds can act as an alternative to bank guarantees
IPO Insurance

It is also known as Initial Public Offering insurance or IPO liability insurance, is a specialized type of coverage designed to protect companies and their directors and officers (D&O) against potential liabilities associated with the process of going public through an Initial Public Offering (IPO).

Directors and Officers (D&O) Insurance

Protect your company’s leadership from personal losses due to legal actionsarising from their decisions and actions on behalf of the company

Liability Insurance
  • a) Professional Indemnity Insurance- this type of insurance especially exists for professionals like doctors, engineers, lawyers, architects and chartered accountants to safeguard their businesses against legal claims in case of errors or neglect on their behalf. architects and chartered accountants to safeguard their businesses against legal claims in case of errors or neglect on their behalf.

    b) Public Liability Insurance - this type of insurance especially exists for professionals like doctors, engineers, lawyers, architects and chartered accountants to safeguard their businesses against legal claims in case of errors or neglect on their behalf. architects and chartered accountants to safeguard their businesses against legal claims in case of errors or neglect on their behalf.

    c) Employer Liability - This policy is for employers who want to cover the liabilities of employees who may get injured because of the job. Generally, this insurance policy is known as Business Liability Insurance.

    D) Third-Party Liability - This policy is suitable for small industries or individuals who want coverage for damages or losses caused by them to a third party. In third-party insurance, the insured is the first party, the insurance provider is the second party, and the injured or the company/person who is making claim against the insured is referred to as a third-party.

Business Interruption Insurance

Ensure your business continuity with coverage that compensates forlost income and operational expenses during unexpected disruptions.

CREDITOR INSURANCE

MARINE INSURANCE

a) Safeguards cargo, vessels, and terminals involved in maritime transport.b) Provides coverage for loss or damage during transit, including sea, air, and land transportation.

Contractor’s All Risk Insurance (CAR)

This comprehensive and adequate protection against loss or damage in respect of contract works, construction plant and equipment and/ or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a civil engineering project. This policy is extremely useful for consulting engineers, architects and financiers because it contributes to reducing the overall construction expenses and at the same time offers efficient financial protection for all parties concerned.

Industrial All Risk (IAR)

It is a wide and comprehensive cover for the large sized business where the assets at all locations of the insured exceeds Rs.100 Crores. It is an all risk policy covering a wide range of perils such as fire and allied perils, burglary, accidental damage, breakdown as well as business interruption

Cyber Insurance

Mitigate risks associated with data breaches and cyber threats specialized cyber insurance withsolutions.

Property Insurance

Protect your corporate assets, including buildings, equipment, and inventory, against damages orloss due to fire, theft, natural disasters, and more

Fire INSURANCE
  • a) Protects against damage or loss caused by fire, lightning, explosion, or implosion.

    b) Covers residential, commercial, and industrial properties, including buildings, machinery, equipment, and stocks.

    c) Offers coverage for the cost of repairs, reconstruction, or replacement of damaged property.
STFI INSURANCE
  • a) Provides coverage for damage caused by storms, tempests, floods, and inundation.

    b) Protects properties, crops, and infrastructure against natural calamities related to adverse weather conditions.
TERRORISM INSURANCE
  • a) Mitigates financial risks arising from acts of terrorism, including bombings, sabotage, and politically motivated violence.

    b) Covers damage to property, business interruption, and liability claims resulting from terrorist activities.
CLIMATE CHANGE /WEATHER CHANGE INSURANCE
  • a) Addresses risks associated with climate change and extreme weather events, such as droughts, hurricanes, or heatwaves.

    b) Offers financial protection for businesses, agriculture, and infrastructure vulnerable to climate-related impacts.
Health and Employee Benefits Insurance

Employee satisfaction is a significant factor that impacts the way businesses start, grow, and thrive in this competitive environment. To keep their employees happy and engaged, organizations offer many benefits in the form of sick leaves, privileged leaves, etc. One such benefit is the Group Policies which take care of all major unexpected events that may come in the life of the employees. Group Medical Policy and Personal Accident Policy, both offer substantial medical and financial coverage to the employees to protect their welfare.

TRAVEL INSURANCE
  • a) Offers financial protection against unexpected events during domestic or international travel.

    b) Covers medical emergencies, trip cancellation, lost luggage, and other travel-related risks.
Commercial Motor Insurance

Commercial motor insurance policy that covers vehicles carrying goods, passengers, vehicles like cranes, trailers, tractors, etc. The key benefits that we offer are protection to the insured vehicle against loss or damages, third party claims arising out of death or injury as well as personal accident cover.

Fleet insurance

Fleet insurance covers a fleet of vehicles. These can be registered in the name of a company, a partner or director of the company, allowing one policy to cover the whole business. It saves a lot of time, efforts involved in renewing old policies, and purchasing additional one. It also aids in saving a lot of money.

Credit insurance

This type of insurance policy purchased by a borrower that pays off one or more existing debts in the event of a death, disability, or in rare cases, unemployment.

Tailored Solutions with a Personal Touch

How We Work with You

Step 1

Needs Assessment

Our experts conduct a thorough analysis of your business to identify potential risks and insurance needs.

Step 2

Customized Plan Design

We design an insurance plan tailored to your specific requirements, ensuring comprehensive coverage.

Step 3

Competitive Quoting

Leveraging our extensive network of providers, we obtain competitive quotes to offer you the best possible rates.

Step 4

Implementation and Support

We assist with the seamless implementation of your insurance plan and provide ongoing support to ensure continuous protection.

Step 5

Claims Management

Our dedicated claims team is available 24/7 to assist you through the claims process, ensuring swift and fair resolutions.

Ready to be on board with us to Protect Your Business?

Reach out today to schedule a consultation with one of our insurance experts and discover how we can tailor a solution to safeguard your business.

corpinsurance@affinityglobal.in

9674266559

+91 81007 33019

033 4004 7016 / 7183 / 84 / 88

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