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Worlwide Insurance Brokers Ltd. has recently set up a specific Specialty Lines vertical in recognition of the specialist attention and expertise needed on such products.
The Liability market in India has grown and matured considerably in the past few years. This is attributable to the globalization effect, increased awareness especially among customers with exports / overseas customers, contractual requirement of the global client on Indian companies.
With the inherent Risks now being recognized by Corporate to be insured and increasing customer awareness, we see our target segment growing tremendously.
Corporate now do realize that Insurance is required to prevent financial impact arising out of a risk event which could result in disruption of financial plans and erosion of shareholder value meaning thereby " Overall Fortification of Business of Company / Industry"
The Current market on Liability has undergone huge transformation with clients initiating price wars only. Very limited concentration on coverage.
Provides sustainability and long term support
Worlwide Insurance Brokers Ltd. has been associated with a number of Corporate clients in servicing their Insurance Portfolio and have also assisted in claims settlement on claims under not only the standard Insurance policies but also under Specialized policies which are more technical in nature and subject to legal interpretation.
Our stress and specialization is in developing and offering new Insurance products tailor made as per the client's requirements, after analyzing the economic feasibility and cost effectiveness of such a product.
Due to the complexities involved in Liability policies , it is of paramount importance that the cover negotiated should be well interpreted and should not have any onerous exclusions that could hamper indemnity at the time of a claim.
No matter what Liability coverage you explore getting, it is pertinent to know what caveats are important for evaluation of the right kind of cover. This can be especially handled and addressed by Specialists in such covers.
Hence special attention needs to be given not only to the premium and coverages but also to the enumerated exclusions that can seriously weaken the coverage.
You owe it to yourself to use specialist services in such kind of covers to ensure continued success and growth.
The Specialty Lines comprises of all Liability Policies like D&O, Product Liability (with Recall, Financial Loss and Product Guarantee), CGL, Public Liability, Professional Indemnity, Clinical Trials etc. In addition to Liability police, we focus on Credit Insurance, Energy Package covers, Kidnap & Ransom, Aviation etc.
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