Identify your
Business Risks
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Business/SMEs Insurance
Different businesses in various industries service customers as per their needs and preferences. Therefore, customers and their requirements can be met and secured in many ways. However, when it comes to protecting an enterprise, commercial insurance or business insurance is specifically designed to cover the losses that the business may face. Lets Compare & Buy Business insurance from Coverbox.
In India, small and medium enterprises, also known as SMEs, are always growing in number. To support their growth and boost their operations, CoverboxG offers flexible business insurance policies so that SMEs and other similar businesses can protect themselves and their capital from major losses!
Types of Commercial Insurance
There are different types of commercial insurance that one can choose to secure their SME against heavy losses and damages caused by unexpected risks and situations:
Marine Cargo Insurance
Many businesses need to transport their cargo/goods from one destination to another, through roadways, railways, airways, by sea or by courier. In case the cargo/goods are damaged while being transported, Marine insurance can cover such losses and damages. This way, the insured need not pay for damaged or lost goods from their pocket. Lets Compare & Buy Business insurance from Coverbox.
Fire & Burglary Insurance
When operating a business of any kind, getting Fire Insurance and Burglary insurance is crucial to protect against financial losses. With Coverbox, you can access flexible Fire and Burglary coverage against a wide range of risks and perils. Lets Compare & Buy Business insurance from Coverbox.
Public Liability Insurance
This type of coverage comes under liability insurance and covers your business against third-party losses. Hence, if a third-party person is injured or a third-party property is damaged while on your premises, you can be secured against their claims. You can add this coverage to your Coverbox Package Insurance plan as an add-on cover. Lets Compare & Buy Business insurance from Coverbox.
Workmen Compensation
Workers’ compensation is a type of insurance that provides financial compensation and optional medical care to employees who get injured due to any accident in the course of their employment. This means that if an employee is unable to perform their job due to a workplace injury, they will still receive a portion of their regular wages. Lets Compare & Buy Business insurance from Coverbox.
Benefits of Commercial Insurance
When an insurance policy protects your SME against different risks and hazards, it helps you focus on growing your business. Lets Compare & Buy Business insurance from Coverbox. Below are some of the important benefits of having business insurance:
Secures Your Enterprise
Secures Your EnterpriseBusiness insurance covers losses to your company arising from thefts, any employee’s sickness, death or injuries, legal liabilities, and other situations that may cause a major loss. Lets Compare & Buy Business insurance from Coverbox.
Third-Party Liability
In case a third-party person is injured during your business hours on your premises, third-party liability insurance can protect you from the losses incurred in compensating for their damage. Lets Compare & Buy Business insurance from Coverbox.
Risk Management
With business insurance coverage, it becomes easy to manage the impact of certain risks and unforeseen events that may cause losses to your business property and its assets. Lets Compare & Buy Business insurance from Coverbox.
Secures Your Employees
A business insurance cover can also offer your employees health benefits and related coverage in the form of health plans. This way, they can look after your business better while you look after their well-being. Lets Compare & Buy Business insurance from Coverbox.
Lawsuit Cover
In the event that your insured business needs to undergo some legal proceedings due to a dispute or allegation, the business insurance coverage can cover the losses caused by the claims filed. Lets Compare & Buy Business insurance from Coverbox.
Protection from Natural Disasters
If a fire or any other natural disaster like an earthquake causes damage to your small or medium business property, your business insurance policy will secure you against these losses. Lets Compare & Buy Business insurance from Coverbox.
Increases Credibility
Though this is not a direct benefit of business insurance, having such a policy is the mark of a safe and responsible business. Therefore, various stakeholders are more likely to trust your enterprise. Lets Compare & Buy Business insurance from Coverbox.
For additional coverage, you can also choose from the following optional covers available on the Coverbox Package Insurance policy:
Burglary Cover | Money in Safe Cover | Money in Transit |
| Electronic Equipment | Portable Equipment | Machinery Breakdown |
| Plate Glass Cover | Neon Sign | Workmen’s Compensation |
| Personal Accident | Public Liability | Fidelity Guarantee |
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