A POSI policy offers bespoke cover for public offerings including initial public offerings and debt or equity rights issues. It specifically responds to the risks associated with the offering faced not only by directors, but also by the company and any controlling or selling shareholders.
Key Benefits :
- POSI could provide investors with a way to mitigate the risks associated with investing in public offerings. This might include protection against market volatility, issuer default, or other unexpected events that could lead to investment losses.
- Knowing that their investments are protected by insurance could enhance investors' confidence and encourage them to participate in public offerings they might otherwise have avoided due to perceived risks.
- Insurance for investments in public offerings could contribute to portfolio diversification strategies by providing a layer of protection against specific risks inherent in these types of investments.
- POSI could offer investors a sense of stability and security, knowing that they have a safety net in place to protect their investments in case of adverse market conditions or unforeseen circumstances.
Advance Loss of Profit (ALOP) is a type of insurance coverage designed to protect businesses against financial losses resulting from delays in the completion of a project due to unforeseen events. ALOP coverage typically applies to construction projects, manufacturing plants, or other ventures where a delay in the start of operations could result in financial consequences.
Key Benefits :
- ALOP insurance provides coverage for financial losses incurred as a result of a delay in the completion of a project beyond the scheduled date. This can include additional expenses incurred during the extended period, such as increased operating costs or lost revenue.
- ALOP insurance can be tailored to cover a wide range of projects, including construction projects, infrastructure developments, and manufacturing facilities, among others.
- ALOP insurance serves as a valuable risk management tool for businesses involved in projects with significant completion timelines. It helps mitigate the financial risks associated with project delays, providing assurance to stakeholders and investors.
- By providing financial protection against project delays, ALOP insurance supports business continuity efforts, helping businesses maintain operations and fulfill contractual obligations despite unforeseen setbacks.
Fidelity Guarantee Insurance is a type of insurance that provides coverage for financial losses resulting from dishonest or fraudulent acts committed by employees or other covered individuals within an organization.
Key Benefits :
- An act, resulting in a loss, that is committed during the retroactive period and while the business was active.
- An act or whose consequences were discovered while the policy was in force or within 12 months of the expiry of the policy.
- An act causing loss or damage to the business, committed by an employee whose core motive was to achieve personal financial gain.
Jewelers Block Insurance is precisely tailored to meet the needs of jewelry businesses, including jewelry shops and traders, to safeguard their valuable inventory against a variety of risks.
Key Benefits :
- Provides coverage for Stock on premises, Stock in vaults, safes and bank lockers
- Coverage for Stock in display window, Money on premises & Stock anywhere on premises outside business hours.
Bankers Indemnity Insurance, also known as Bankers Blanket Bond (BBB) insurance, is a specialized type of insurance designed to protect financial institutions, such as banks and credit unions, against various risks associated with their operations.
Key Benefits :
- Covers In-Transit Losses, On-Premises Losses, Forgery OR Unauthorized Alterations, Criminal Acts of Appraisers, Hypothecated Goods
Film insurance is a specialized type of insurance coverage designed to protect filmmakers, producers, and other stakeholders involved in the production of movies, television shows, commercials, and other types of audiovisual projects.
Key Benefits :
- Insurance brokers and underwriters specializing in film insurance often provide risk management services to help filmmakers identify and mitigate potential risks throughout the production process. This may include safety consultations, location surveys, and guidance on risk prevention strategies.
- Many film financiers, distributors, and production companies require filmmakers to obtain film insurance as a condition of financing or distribution agreements. Having adequate insurance coverage in place can help filmmakers secure funding and distribution deals for their projects.
- Film insurance provides financial protection against the costs of unforeseen events and liabilities.
- Obtaining film insurance helps filmmakers comply with Legal Compliance.
Sports and Events/Media Insurance is a specialized type of insurance coverage designed to protect individuals, organizations, and businesses involved in organizing, hosting, sponsoring, or participating in sports events, entertainment events, and media productions.
Key Benefits :
- Media e&o (libel & slander)
- Film, negatives & digital storage
- Cast and crew
- Weather risks
- Cancellation and abandonment
- Death & disgrace / non appearance
- Owned property & hired in equipment
- Liabilities (general & EL)
- Advertisers indemnity, commercial producers indemnity and film producers indemnity
Burglary insurance is a type of property insurance that provides coverage for losses resulting from theft or attempted theft of property contained within a premises.
Key Benefits :
- Theft by persuasive/ violent/fierce entry
- Attempted theft or theft by a criminal on the said premises
- Armed robbery or Hold-up
Money insurance is a type of coverage designed to protect businesses against financial losses resulting from theft, loss, or damage to money or securities.
Key Benefits :
- Covers money in transit under the following heads: Cash, Bank Drafts, Currency Notes, Treasury Notes, Cheques, Postal Orders and current Postage Stamps.
- Covers money in safe / on premises.
Plate Glass Insurance is a type of insurance coverage specifically designed to protect businesses against financial losses resulting from damage to their glass windows, doors, and other glass fixtures.
Key Benefits :
- Accidental loss or damage to plate glass within the insured premises
- Expenses incurred to erect any temporary boarding as a replacement for damaged plate glass
- Cost of replacing lettering, ornamentation and sign writing affixed to the broken item
- Cost of replacement of shatter proof or reflective film affixed to the broken plate glass
- Cost of replacement of the burglar alarm tape or wiring affixed to the broken plate glass
- Replacing damaged window frames due to wear and tear
An All-Risk Policy is a type of insurance coverage that offers broad protection against a wide range of risks or perils, except for those specifically excluded in the policy.
Key Benefits :
- All-risks coverage provides coverage for any incident that an insurance policy doesn’t specifically exclude.
- All-risks coverage offers much broader protection than any named risks coverage because named risks coverage only covers incidents the policy specifically includes.
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