Directors and officers (D&O) insurance is liability insurance which covers or protects Directors, Officers and Employees of company from claims which may arise from decision and actions taken while serving their duty. It covers legal defense costs or other costs incurred by company in defending such individual against lawsuits.

Key Benefits :

• Protects directors and officers from personal financial liabilities.
• Covers legal expenses in lawsuits or regulatory investigations.
• Attracts top talent and retains executives.
• Reduces financial risks associated with legal actions.
• Extends coverage for losses from claims against leaders.
• Prudent risk management measures for companies with significant legal exposure.

As a manufacturer supplying products, you are always susceptible to the possibility that your product could cause damage to a third party – either property or a person. A small defect could open you up to massive claims.

Key Benefits :

• Covers legal costs and payouts for which the insured party would be found liable.
• Damages due to product defects, including manufacturing defects, faulty packaging, insufficient instruction to use the product, delivery specifications, etc.
• Design and manufacturing defects result in bodily injury or property damage to third parties.

Product recall insurance covers expenses associated with recalling a product from the market. Product recall insurance is typically purchased by manufacturers such as food, beverage, toy, and electronics companies to cover costs such as customer notification, shipping costs, and disposal costs. Coverage generally applies to the firm itself, though additional coverage can be purchased to cover the costs of third parties.

Key Benefits :

• Cover for any threat or connected series of threats to commit malicious product temper, for the purpose of demanding extortion costs, communicated to the insured.
• Design or manufacturing error.

Professional Indemnity Insurance is required for professional consultants who charge a fee for their services. It protects the insured against claims for financial loss, injury, or damage resulting from a breach (or alleged breach) of professional obligation in the course of doing business.

Key Benefits :

• Covers claimant's payout, settlement, damages, and legal defense costs.
• Offers protection against various business risks.

Pay all sums for which the insured shall become legally liable as compensation for physical loss or destruction of or damage to goods or merchandise ... while in transit ... including during loading or unloading and while temporarily housed on or off vehicles in the ordinary course of transit.

The “Multimodal Transportation of Goods Act of 1993 establishes legal responsibility for cargo loss or damage. As a result of the foregoing, the MTO (licenced operator) is liable for any loss or damage to the goods entrusted to them for transportation.

Key Benefits :

• Comprehensive coverage: Compensates for loss or damage to the carrier, including thefts, natural disasters, or accidents
• Broad Range of Commodities: Covers a wide range of commodities, including reefer products, ensuring smooth business operations.
• Container Damage Liability Coverage: Provides coverage for container damage while in custody.
• Enhanced Flexibility: Offers options to purchase insurance per shipment or have it included with every shipment upfront.
• Legal Coverage: Provides protection in case of legal events.

Public Liability Insurance Offers Cover For Third Party Liabilities (Bodily Injury / Property Damage) Arising Out Of The Premises And Operations Of The Insured And Legal Costs Incurred In Connection Therewith.

Key Benefits :

• The policy covers sum which the Insured becomes legally liable to pay as damages to third party.
• It covers damages in respect of accidental death/bodily injury/disease and loss of or damage to property.

Commercial crime insurance protects against loss from damage, destruction or disappearance of the insured’s own property as a direct result of crime.

Key Benefits :

• Loss of money, securities, or property due to theft or forgery by an identifiable employee.
• Losses from destruction, disappearance, wrongful abstraction, or computer theft from the insured's premises.
• Expansion to cover losses due to computer fraud, including expenses incurred due to a computer violation.

Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises.

Key Benefits :

• Covers Bodily Injury and Property Damage Claims.
• Covers Reputational Damage: Libel and slander lawsuits.
• Covers Personal and Advertising Injury: Copyright Infringement.
• Provides Peace of Mind: Assurance against everyday claims.

With years of experience in cyber insurance, Havmore is at the forefront of protecting businesses from the ever-evolving landscape of cyber crime and digital threats. A cyber insurance policy covers businesses from any financial loss that may arise due to cyber crimes, online data breaches, malware, ransomware, and other digital risks. This policy offers overall protection to your business from data losses, unauthorized access, and various costs such as forensic costs, PR costs when any data breach occurs in your system.

Key Benefits :

• Covers financial losses caused due to online attacks such as cyber breaches
• Plans designed for business entities of all sizes.
• Covers a variety of costs such as defence costs, investigation costs and other related expenses.