Financial Lines and Casualty Practice

At Sanyog, the Financial Lines and Casualty Practice creates custom, proven solutions to protect clients’ businesses and people, in a world of constantly changing risks. The team provides strategic advice, placement, and service for simple and complex liability programs to companies who are taking proactive steps to effectively analyze, identify, and transfer their risks to a comprehensive insurance program.

Directors and Officers Insurance:

The policy offers coverage for Management Liability i.e. protects the personal assets of corporate directors and officers, in the event they are personally sued by the company, shareholders, employees, customers, creditors, competitors, government and regulatory authorities, or other parties, for actual or alleged “wrongful acts” in managing a company. Each D&O insurance carrier has forms that differ from their competitors’ and most policies are generally the subject of extensive negotiations. Sanyog Insurance Brokers Private limited assists clients to put in place the broadest available terms and conditions with an appropriate insurance structure.

Errors and Omissions Insurance:

Given increasing litigation trends, every professional services firm can assume its practice to be immune from claims of malpractice or negligence. Errors and omissions insurance (E&O) or professional liability insurance protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. A customized E&O Insurance is vital for companies to avoid a substantial financial hit and even bankruptcy because of a large claim.

Crime Insurance:

The traditional threats of robbery and theft have been overtaken by white collar crime events. Typical crime insurance claims involve employee dishonesty, embezzlement, forgery, robbery, internet or cyber fraud, funds transfer fraud, counterfeiting, and other criminal acts. The schemes and scams are extensive and take advantage of weak links in fraud risk management, audit, and compliance processes. With the increased sophistication of fraud risks, traditional Infidelity, Money or Transit Insurances are no longer effective risk transfer solutions.

Crime insurance protects a company from loss of money, securities, inventory, or other property resulting from fraud events.

Cyber Insurance:

Cyber risks are permanent and persistent. However, the awareness of the extent of the risk and the focus on the risk varies around the world. A robust cyber insurance policy can help businesses weather the storm more effectively when a data breach or network security failure has occurred by covering both first-party costs such as forensic expenses as well as third-party liability. Any entity handling or processing confidential data and using IT networks in their business is exposed to cyber risk.

Commercial General Liability Insurance:

The policy provides comprehensive protection for any company against Third party Liabilities arising from various business exposures such as those arising from Premises, Products and Completed Operations, and Advertising and Personal injury. The team at Sanyog can design and place comprehensive global programs for Companies with worldwide operations.

Clinical Trial Insurance:

The Clinical Trials Insurance policy covers legal liability arising out of lack of care or negligence resulting in bodily Injury or death of a participant in a Clinical Trial. Sanyog can tailor comprehensive solutions including the design and placement of a policy for trial programs in multiple territories.