PAAVANA INSURANCE BROKERS PVT. LTD - Services

Property Risks

We have a team of Engineers who would advise and assist you in arriving at suitable values for Sum Insured.

We would periodically conduct Risk Inspection of your facilities and submit a report to you.

Typically, the types of property policies that we handle range from operational covers to project insurance covers.

• Standard Fire & Special Perils Policy
• Fire Loss of Profits Policy
• Machinery Break Down Policy
• Electronic Equipment Insurance
• Industrial All Risks Policy
• Machinery Loss of Profits Insurance
• Erection All Risks/ SCE/ MCE policy
• ALOP/ DSU
• Standalone Terrorism Policy
• Mega Risk Policy
• Contractor All Risks Policy
• CPM
• Other Bundled Products

We also specialize in customizing covers where possible through add on covers like ‘involuntary betterment clause’ etc.

Marine Cargo

Our experts would discuss the various issues relating to logistics ranging from the type of policy that you may require, Single Carrying Limit, Location Limit, intermediate or other storage if any etc. in the design of the slip.

The type of policy could be -
• Single Voyage Policy
• Inland transit
• Exports/ Imports
• Open Policy
• Open Cover
• Annual Turnover Policy (Sales Turnover Policy).
• Customs Duty Cover

We will be assisting your team in getting you the most seamless and simplified policy keeping in view the complexity of transactions including assistance in aligning the covers to incoterms used etc.

We always strive to be your trusted consultant in logistics risk management as well.

Marine Hull

We have expertise in arranging covers from singletons to fleets. We arrange for the most appropriate hull insurance for Yachts, Coastal vessels, Ocean going vessels, Wet risks, cover for operators etc.

Liability Risks

We specialize in arranging large liability insurance programs and we deal with the following classes of liability insurance.

• Product Liability
• Product Recall / Contamination
• Public Liability
• CGL
• Directors & Officers Liability
• Errors & Ommission Insurance
• Crime Insurance
• Cyber Liability
• Clinical Trials Liability
• Employers’ Liability
• Arranging Umbrella Covers.
• Public Liability ( Act Only ) Policy
• Multi Modal Operators Liability
• Carriers Legal Liability

We also advise clients, who have operations in several countries, in arranging multi-national insurance programs with all the various complexities involved therein.

Employee Benefits

We have a specialized team that looks at Employee Benefits in a holistic manner. We deal with the following categories of Employee Benefits Insurance.

• Group Medical Insurance
• Group Personal Accident Insurance
• Corporate Overseas Travel Insurance
• Employers Compensation Insurance
• Group Term Life Insurance
• EDLI
• Group Gratuity & Superannuation schemes.
• Critical Illness Insurance
• Key Man Insurance

Our range of services include – having a dedicated helpdesk at your workplace. Giving a clear escalation matrix for your employees, and having periodic submission of MIS and review meetings on the performance of the programme. Designing the most appropriate cover(s) in aligning with your HR philosophy – at an optimum cost (medium to long term) is our primary focus.

Trade Receivables

We specialize in designing the most appropriate program for insurance of receivables – be it exports/ domestic or both.

Our team works closely with you from designing the type of cover needed, comparing the quotes ( non binding indications ) received upto placement.

Other Miscellaneous Covers

At Paavana, we look at each risk(s) carefully in advising the most contemporary covers available. The possibility of customizing covers are also explored here. Some examples of the miscellaneous covers that we deal with are –

• Motor Vehicles Insurance
• Burglary Insurance – including First Loss covers
• Fidelity Guarantee Insurance
• Money Insurance
• Jeweller's Insurance
• Film Insurance
• Event Insurance
• Office Package Insurance etc.

Services - Policy Placement

Our services start from discussions with your team(s) – leading to slip design, validation, making optional quote slips where needed right upto placement and checking of policies.

We have the same approach towards endorsements, declarations etc. where applicable.