Telecommunications has become a very important part of today's economy. Today's technology and telecommunications companies function in an environment that demands performance. Innovation and improvement is the mantra for them. This results in new risks, which need effective management. 

Worldwide Insurance Brokers can show you how to keep ahead of the competition and still manage risk sensibly through our risk management solutions customized to the needs of telecommunications firms like yours.

Insurance Policies

Standard Fire and special perils Policy
This policy covers the loss or damage arising out of fire and allied perils to the Building, furniture and fixtures, machinery, electronic equipment, stocks and other contents in the premises.
Telecommunication companies can take these policies for Buildings, Furniture & Fixtures and contents, Software, Machinery, Electronic equipment and Microwave transmission towers.

Fire loss of Profit Insurance
This policy is suitable for Telecommunication establishments for whom business interruption would mean heavy monetary loss in view of huge fixed costs.
Fire consequential loss policy provides cover for expenses and increased cost of working as a result of business interruption following a loss covered by the fire policy. Insurance cover can be taken for the maximum period of the anticipated interruption in the event of loss.

Burglary and Housebreaking (Business premises) Policy
This policy covers loss or damage to property like stock, stock-in-trade, goods in trust, plant and machinery, fixtures, fittings, cash or valuables in strong-rooms or safes by theft following burglary (felonious entry or exit from the premises by violent and forcible means). 

Electronic equipment Policy
This is an all risk policy which covers electronic equipment like computers, UPS, Audio video equipment, printer, faxes, other electronic/microprocessor equipment used in the office.

Reinstatement cost of data or programme Insurance
This policy covers the loss resulting in loss of data or programme.

All risk Insurance (for laptops, mobile phones, palm tops etc.)
Policy covers loss of laptops, mobile phones etc., due to fire, burglary, theft, damage due to accidental breakage etc.

Contractors All Risk Policy (for cable laying and transmission tower erection)
Contractors all risk policy is to be taken for laying of cables and erection of transmission towers. This is an all risk policy, which covers material damage while under construction/erection.

Blanket Policy (covering Loss of mobile phone instruments of their customers)
It is a specially designed Policy which covers loss of mobile phones etc., due to fire, burglary, theft, damage due to accidental breakage etc.

Machinery breakdown Policy
This policy is taken for all the machinery (electrical/non electrical) available in the premises. This cover is against unforeseen and sudden damages caused to the insured machinery.

Money Insurance
This policy provides cover against loss of money in transit, by the insured or Insured's authorized employee(s) occasioned by robbery, theft or any other fortuitous cause. It also covers loss by burglary of house breaking whilst money is retained at Insured's premises, in safe(s) or strong room. Organizations can take this policy while in transit from one branch to other branch or while in transit.

Fidelity Guarantee Insurance
This policy reimburses for direct pecuniary loss due to all acts of fraud or dishonesty or forgery or embezzlement committed by any of the Insured's employees in connection with his/her occupation during the uninterrupted continuance of employment.

Plate glass Insurance, Neon sign boards, hoardings & other display items 
This policy covers all kinds of accidental breakages of fixed plate glass like window glasses, show room glasses, etc. Replacement cost of damaged glass or sum insured whichever is lower, is paid.

Public liability Insurance
This policy is suitable for all organizations exposed to liability arising out of accidents in the course of their business operations, like Compensation for accidental death, bodily injury or disease to third parties, Damage to or loss of property belonging to third parties arising out of an accident, including legal costs incurred with the prior consent of the insurer, and Legal and civil liabilities of the directors and officers of the company.

Product liability Insurance
The policy indemnifies the company against claims arising out of accidents out of any defects in the products causing damage or pollution.

Errors & Omissions Liability Insurance
This policy is meant for professionals to cover liability falling on them as a result of errors and omissions committed by them whilst rendering professional service. The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, also become payable.

Directors & Officers liability Insurance
This policy covers the Legal liability of Directors and Officers of a company holding positions of trust and responsibility to pay damages to shareholders, employees, creditors, etc., of the company for wrongful acts committed by them in the supervision and management of the affairs of the company.
General Exclusions to the policy are Dishonest fraudulent criminal or malicious act Personal guarantee, Libel and slander and damage to property, Pollution damage and Violation of any Law.

Group Personal Accident Policy
This policy covers Accidental death or bodily injury caused solely by violent, external and visible means or loss resulting directly and independently for all other causes from bodily injuries caused by an ACCIDENT.

Group Mediclaim Policy
This policy covers Group/Association/Institution/Corporate Body of more than 50 persons provided it has a central administration point. 
The Coverages include

• Hospitalization expenses only for illness/diseases contracted or injury sustained 

• Room, Boarding expenses as provided by the Hospitalization/Nursing Home.

• Nursing Expenses.

• Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees Anesthesia, Blood, Oxygen, Operation Theater Charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and x-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of Organs and similar expenses.