Corporate Insurance Categories

Discover our comprehensive range of insurance categories specifically designed to meet your unique needs and provide complete protection for what matters most to you.

Employee Benefits

Employee Benefits

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Employee Benefits requirements with complete coverage and competitive rates.

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Engineering Insurance

Engineering Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Engineering Insurance requirements with complete coverage and competitive rates.

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Fire and Burglary Insurance

Fire and Burglary Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Fire and Burglary Insurance requirements with complete coverage and competitive rates.

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Liability Insurance

Liability Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Liability Insurance requirements with complete coverage and competitive rates.

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Marine Insurance

Marine Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Marine Insurance requirements with complete coverage and competitive rates.

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Miscellaneous Insurance

Miscellaneous Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Miscellaneous Insurance requirements with complete coverage and competitive rates.

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Re Insurance

Re Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Re Insurance requirements with complete coverage and competitive rates.

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Speciality Insurance

Speciality Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Speciality Insurance requirements with complete coverage and competitive rates.

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Surety Insurance

Surety Insurance

Comprehensive and expertly tailored insurance solutions specifically designed to address all your Surety Insurance requirements with complete coverage and competitive rates.

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Our Corporate Insurance Policies

Explore our extensive collection of carefully crafted insurance policies designed to provide comprehensive protection, complete peace of mind, and exceptional value for your investment.

Advance Payment Bond

Advance Payment Bond

This bond guarantees that the contractor will properly use the advance payment made by the project owner and will refund it if contractual obligations are not met.

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Aviation Insurance

Aviation Insurance

Aviation Insurance covers aircraft hull (own damage) and legal liability to third parties, passengers, and cargo during operations.

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Bharat Sookshma Udyam Suraksha (BSUS) and Bharath Laghu Udyam Suraksha

Bharat Sookshma Udyam Suraksha (BSUS) and Bharath Laghu Udyam Suraksha

Standardized fire insurance policies mandated by IRDAI for small (BLUS) and micro (BSUS) enterprises with asset value up to ₹5 crore and ₹50 crore respectively.

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Bid Bond

Bid Bond

A bond that guarantees the bidder will honor their bid and sign the contract if awarded.

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Boiler and Pressure Plant Insurance

Boiler and Pressure Plant Insurance

This policy provides cover for boilers and pressure vessels against explosion risks during operation, including third-party damage and legal liability.

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Clinical Trials Liability Insurance

Clinical Trials Liability Insurance

Clinical Trials Liability (CTL) Insurance protects the sponsor, investigator, and trial site from legal liability arising out of injuries or harm caused to participants during the conduct of clinical trials.

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Commercial General Liability (CGL)

Commercial General Liability (CGL)

A comprehensive liability policy that protects businesses from third-party claims of bodily injury, property damage, and personal injury arising out of business operations.

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Commercial Package Policy / Business Guard

Commercial Package Policy / Business Guard

A modular insurance plan offering comprehensive protection for commercial establishments by combining fire, burglary, liability, and operational risks into one policy.

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Contractors All Risks (CAR) Insurance

Contractors All Risks (CAR) Insurance

CAR is a comprehensive insurance solution for civil construction projects, covering physical damage and third-party liabilities during construction.

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Contractor’s Plant and Machinery (CPM) Insurance

Contractor’s Plant and Machinery (CPM) Insurance

CPM insurance covers heavy construction equipment and machinery used at project sites, whether working or at rest.

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Credit Insurance

Credit Insurance

Credit Insurance protects businesses against non-payment or delayed payment by buyers (domestic or export), due to insolvency or political risk.

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Crime Insurance (Commercial Crime Policy)

Crime Insurance (Commercial Crime Policy)

Provides coverage for financial losses resulting from acts of dishonesty, theft, fraud, or embezzlement by employees or third parties.

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Cyber Liability Insurance

Cyber Liability Insurance

Protects organisations from financial losses arising from cyber-attacks, data breaches, and regulatory fines.

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Directors & Officers (D&O) Liability Insurance

Directors & Officers (D&O) Liability Insurance

Covers directors and officers of a company against personal liability arising from wrongful acts in their managerial capacity.

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Drone Insurance

Drone Insurance

Covers loss or damage to drones and legal liability arising from drone operations.

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Electronic Equipment Insurance (EEI)

Electronic Equipment Insurance (EEI)

EEI covers loss or damage to sensitive electronic devices such as servers, computers, medical equipment, or communication systems.

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Erection All Risks (EAR) Insurance

Erection All Risks (EAR) Insurance

EAR covers risks associated with the erection, installation, and testing of electrical, mechanical, and heavy industrial equipment at project sites.

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Errors & Omissions (E&O) Insurance

Errors & Omissions (E&O) Insurance

A form of professional indemnity designed for service providers and consultants, especially in IT, media, finance, and marketing.

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Facultative Reinsurance

Facultative Reinsurance

Tailor-made facultative placements for large or high-risk exposures, across fire, engineering, liability, marine, aviation, and specialty classes.

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Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

Fidelity Guarantee Insurance protects an employer from direct financial loss caused by dishonest acts of employees such as theft, embezzlement, or forgery.

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Film Production Insurance

Film Production Insurance

Covers financial loss due to disruption or cancellation of film or TV production caused by accidents, weather, equipment failure, or cast-related issues.

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Group Medi Claim (GMC)

Group Medi Claim (GMC)

A health insurance policy that provides medical coverage to a group of employees and their dependents under a single master policy.

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Group Personal Accident (GPA)

Group Personal Accident (GPA)

An accident policy that offers financial compensation in the event of death, disability, or injury of employees due to an accident.

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Group Term Life Insurance (GTLI)

Group Term Life Insurance (GTLI)

A life insurance policy that pays a lump-sum benefit to an employee’s nominee in the event of their death during the policy term.

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Industrial All Risk (IAR) and Mega Risk Insurance

Industrial All Risk (IAR) and Mega Risk Insurance

All-inclusive insurance plans for large industrial undertakings, combining fire, burglary, accidental damage, machinery breakdown, and business interruption under one policy.

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Kidnap & Ransom (K&R) Insurance

Kidnap & Ransom (K&R) Insurance

K&R Insurance provides financial protection and crisis response support to individuals and organizations facing threats like kidnapping, extortion, or illegal detention, especially in high-risk zones.

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Livestock Insurance

Livestock Insurance

Covers the death or disability of livestock (e.g., cows, buffaloes, poultry) due to accident, disease, or natural calamity.

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Machinery Breakdown (MBD) Insurance

Machinery Breakdown (MBD) Insurance

This policy provides coverage for sudden and unforeseen physical damage to fixed machinery and plant during operations in industrial premises.

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Maintenance Bond

Maintenance Bond

A bond that guarantees the contractor will fix defects or maintenance issues that arise within the defect liability period post-handover.

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Marine Cum Erection (MCE) Insurance

Marine Cum Erection (MCE) Insurance

This combined policy covers transit risks (marine inland or overseas) and the subsequent erection/installation risks at the project site.

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Office Package Policy

Office Package Policy

A bundled insurance policy covering small and mid-sized office setups against fire, burglary, breakdowns, and liability risks under one plan.

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Open Policy

Open Policy

A formal insurance policy that provides ongoing protection for all shipments within a defined limit and period — similar to Open Cover but issued as a policy with set limits and automatic coverage.

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Parametric Insurance

Parametric Insurance

Parametric Insurance pays out a fixed amount when a pre-defined event threshold (like rainfall, temperature, or earthquake magnitude) is met — no physical loss assessment required.

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Performance Bond

Performance Bond

A bond that guarantees the contractor will perform the project as per the agreed terms, timelines, and quality standards.

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POSI (Public Offering of Securities Insurance)

POSI (Public Offering of Securities Insurance)

A specialised D&O cover taken when a company is going for IPO, FPO, rights issue, or private placement — to cover liabilities arising from misstatements in offering documents.

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Product Liability Insurance (PL)

Product Liability Insurance (PL)

This policy covers legal liability arising out of defects in products that cause bodily injury or property damage to third parties.

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Product Recall Insurance

Product Recall Insurance

Product Recall Insurance covers the costs incurred by a company when it must recall a defective or dangerous product from the market due to the risk it poses to consumers, regulatory action, or reputational harm.

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Professional Indemnity (PI) Insurance

Professional Indemnity (PI) Insurance

Covers professionals against claims arising from errors, omissions, or negligence in the discharge of their professional duties.

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Public Liability (Industrial Risk) Insurance

Public Liability (Industrial Risk) Insurance

A broader public liability cover designed for industrial and large commercial establishments, beyond the statutory Public Liability Act policy.

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Public Liability Act Insurance (1981)

Public Liability Act Insurance (1981)

A mandatory insurance under the Public Liability Insurance Act, 1991, for companies handling hazardous substances to cover third-party injury or property damage.

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Retention Bond

Retention Bond

A bond provided in lieu of cash retention (usually 5–10%) that guarantees the contractor will fulfill post-completion obligations.

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Retrocession Solutions

Retrocession Solutions

Arranging reinsurance of reinsurance portfolios to diversify and protect reinsurers' capital.

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Sales Turnover Policy (STOP)

Sales Turnover Policy (STOP)

STOP is a marine-cum-storage insurance product that covers all movement and incidental storage of goods, based on a company's annual sales turnover instead of specific transits.

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Specialty Reinsurance

Specialty Reinsurance

Solutions for agriculture, cyber, credit & surety, D&O, energy, catastrophe, and parametric covers — with access to Lloyd’s and global markets.

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Specific Transit Policy

Specific Transit Policy

Also known as a Single Transit Policy, this covers one-time movement of goods from a specific origin to a specific destination — within India or internationally.

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Standard Fire and Special Perils Policy (SFSP)

Standard Fire and Special Perils Policy (SFSP)

A traditional property insurance policy that covers damage to business assets caused by fire and a wide range of specified natural and man-made perils.

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Treaty Reinsurance

Treaty Reinsurance

Structuring and placement of proportional (quota share/surplus) and non-proportional (excess of loss) treaties across P&C and specialty lines.

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Warranties and Indemnities (W&I) Insurance

Warranties and Indemnities (W&I) Insurance

W&I insurance covers losses arising from breaches of warranties or representations in mergers and acquisitions (M&A) transactions.

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Workmen’s Compensation Insurance (WCI)

Workmen’s Compensation Insurance (WCI)

Mandatory insurance that covers legal liability of an employer for injury, disability, or death of a worker during the course of employment.

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Trusted Partners

Trusted Partners

Collaborating with industry leaders worldwide

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Contact Information

Hyderabad Branch

123 Financial District, Hyderabad, Telangana 500032, India

+919100509675

info@novoinsure.com

Monday - Saturday: 9:00 AM - 6:00 PM IST

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