Liability Specialty Lines Insurance
The integration of the Indian economy with global trends and practices resulting
in increasing overseas exposure has fueled the rise of these liability & specialty
lines insurance products. Since then Liability Insurance has, like the proverbial
chrysalis, emerged from its cocoon to assume the form of an attractive butterfly.
The Liability & Specialty Lines vertical at KAN Insure works with the objective
that the corporate makes an informed decision while buying liability Insurance covers.
Knowing exactly where a company does and does not have coverage can mean a difference
of millions in a potential judgment. The submissions made by this vertical have
won the acclaim of many underwriters as well as reinsurers who have received them
through the local underwriters. Some of the largest deals in the IT industry have
been placed through us. Our assistance in claims handling too has got us accounts
through client referrals. We can assure you that with our in-depth experience in
handling various specialized insurance programs, we can guarantee world class servicing
standards and personalized care and attention that your portfolio demands.
Our Service Proposition
Risk Assessment:
- Assist with identification of exposures
- Advise on Risk retention
Plan Design:
- Assist with the selection of appropriate limits of liability
- Coverage Design - Assist with the selection of appropriate coverages
- Peer Benchmarking – share info on the price, coverage of similar companies
Risk Presentation:
- Information gathering for risk presentation to the underwriters
- Presentation of risk to market
- Negotiate with insurers for optimum coverage / deductibles and price
Risk Placement & Administration:
- Assist in structuring the policy for price advantage - Layered Vs. Proportional
- Assist in Carrier Evaluation
- Plan Administration Support
Claims Management:
- Complete hand holding in case of a claim
- Assistance in claims documentation through standardization
- Vigorous follow up for Claims recovery
Key products handled by the vertical include:
- Commercial General Liability (CGL) Insurance
- Product Liability
- Public Liability Insurance
- Director’s & Officers Liability Insurance (D&O)
- Professional Indemnity / E&O insurance
- Clinical Trials Liability Insurance
- Crime Insurance
- Kidnap, Ransom & Extortion Insurance
- Public Offerings of Securities Insurance (POSI)
- Employment Practices Liability Insurance (EPLI)