Most Trusted Insurance Broking Companies Of India-2022

Ÿ
Ÿ
Are you in a position to decide the extent of coverage
required for taking Public Liability insurance?
Does the insurance cover give adequate comfort while
defending any claim in the US or Europe?
Bharat RE has acquired this expertise over the years,
both in terms of policy design and claims management.
Our access to technical experts in various fields and inhouse
legal expertise helps us in providing holistic
insurance solutions in the Liability space.
Insurances we advise on include,
Ÿ
Ÿ
Ÿ
Ÿ
Ÿ
Ÿ
Ÿ
Ÿ
Commercial General Liability
Cyber
Crime
Professional Indemnity
Product Liability
Clinical Trial Liability
Public Offering of Securities
Directors and Officers Liability
What other kinds of services you offer?
The property, liability, and project insurances may be
mainstream which still does not mean that you can take the
other risks and policies lightly.
Ÿ
Ÿ
Transit risks may be routine – a large claim may still
leave you unprepared vis-à-vis your insurance cover
A Fidelity Guarantee for a Money policy which is not
properly worded, may leave your organisation exposed
provide necessary and critical cover and at the same time,
not is a losing proposition to the risk carrier, will become a
necessity.
We have consciously limited our focus to corporates who
are looking at Employee Benefits on a long term sustainable
model, rather than trying to get the maximum benefits at
unviable premium rates.
Bharat RE is handling customers who are looking at the
Employee Benefits program on a long term budgeting
method rather than as a risk transfer. We, at Bharat RE, are
clear that the Employee Benefits business can be effectively
managed only when it is looked at from the point of view of
the insurance company managing the program.
Sir, what are your future plans when it comes to Credit
Risk Management?
Many Commercial enterprises take credit insurance as a
matter of routine based on obligations imposed by the bank.
Are we aware that
Ÿ
Ÿ
Ÿ
Ÿ
Credit limits fixed without analysis of product mix will
lead to inadequate cover.
Ineffective monitoring of credit limits and information
requirements from the insurance company could result
in the claim being denied.
Improper usage of discretionary limits with a result that
we think we have insurance protection, but in actual
fact, we do not.
Wasteful premium outgo on badly designed policies.
Ÿ
An All Risk cover for your assets may not be an all risk
when your claim is reported
Ÿ
Inadvertent violations of policy conditions especially in
areas of rescheduling payments
Ÿ
An internationally adapted insurance coverage for
expensive paintings and works of art.
Managing Employee Health and Benefits program is slowly
evolving from a placement based structure to a servicebased
structure. Most programs have become
comprehensive in nature, which does not require many
skills in designing policy.
The focus is slowly shifting to analyzing the insurance
program and ensuring that the arrangement will sustain over
a period of time. Moving between insurance companies in a
competitive market will be short term and the need to
design a sustainable employee benefits program that will
Designing a credit insurance policy is not just about
providing details to the insurer, obtaining quotes, and filing
the policy. Choosing the correct policy based on the buyer
profile, fulfilling policy requirements and complying with
procedural processes is the difference between getting a
claim settled or getting a repudiation letter from the insurer.
We, at Bharat RE, assures unmatched expertise in
understanding credit risks of the enterprise, designing a
comprehensive credit insurance program, handling the
documentation/information process with respect to policy
requirements, and handling complicated claims.
In simple words, we offer end-to-end solutions, backed by
domain and industry experts. At Bharat RE, protecting your
business is our business.
33 | April 2022 | www.insightssuccess.in