About Corporate or Business Insurance
Running a business is a complex matter. There are many things that can happen and threaten the success of your business, such as a fire that destroys or damages your business assets, claims from third parties that suffer damage or get injured as a result of your business activities, customers that do not pay their bills or employees who get injured on the job.
Corporate or business insurance protects the business and the business owner should unforeseen events happen. It is important to make sure that your business is covered for those events that have the potential of seriously impacting the financial position (or even result in bankruptcy) of your business.
The insurance you need depends on the type of your business itself but also on the requirements of banks or other lenders that hold portions of your business as collateral against loans.
Finding the right insurance is a complex matter that requires a detailed review of your business and the risks that could affect the success.
For this reason, it is recommended to seek the advice and support of a reputable and knowledgeable insurance broker such as Insurance Market, who will not only help you to determine which insurance is suitable for you but also help you purchase at the best price from reputable insurance companies.
Why Choose Insurance Market For Corporate Insurance
Insurances are often unnecessarily complex and expensive. We challenge the lack of clarity and that is why we kick-started an independent powerful company to fix this using today’s technology.
Our insurance experts help our clients finding the right insurance for you at the right price in a fast, convenient and transparent way.
Unlike insurance agents, Insurance Market is an independent insurance broker and acts on behalf of our Clients only. Our independence keeps us objective and dynamic and allows us the freedom to work with carefully selected insurance companies to obtain the best possible insurance solutions for our Clients.
How can we help you?
We will work closely with our you to get a detailed understanding of all aspects of your business, it’s exposure to risks and the ability and appetite to retain (some of the) risk yourself.
We use this knowledge to provide advice on how to avoid or mitigate those risks and to design and negotiate the best terms and conditions for your insurance coverage with the insurance companies.
We will continue to support you and manage the insurance on a day-to-day basis all through to the preparation and negotiations for the renewal. In case of a claim, we will assist you with processing the claim and negotiations with insurance companies to ensure an expedient and fair settlement of the claim in accordance with the applicable insurance policy.
We Are Able To Advise Our Clients On A Wide Range Of Corporate Insurance Solutions
Event Cancellation Insurance
Jewellery Block and Specie Insurance
General and Products Liability Insurance
Directors and Officers Liability Insurance
Professional Indemnity Insurance
Construction and Erection All Risks insurance
Machinery breakdown and consequential loss insurance
Surety bonds insurance
Equine (e.g. horse), live-stock, aqua cultures insurance
International Insurance Solutions
If you are operating or consider starting operating in other countries, your business will be exposed to risks in territories and legal regimes that are different from Singapore. Some countries may prohibit insuring certain type of risks or coverage may simply not be available from reputable and financially sound insurance companies.
To optimally protect your interests, a controlled multinational master insurance programme may be the solution for you. It provides uniform insurance coverage in accordance with Corporate Standards of all your operations around the world. As it is negotiated centrally, due to the economies of scale, it will provide additional benefits in terms of wider coverage and lower premium.
However, controlled master insurance programmes also present some challenges.
It requires a detailed knowledge of the local environment of each country you operate in to ensure compliance with local laws, rules and regulations.
A lot of information has to be communicated and managed properly both centrally as locally. The global structure creates a need for interaction between local managers and the centralised insurance function and local advice from an experienced insurance broker will be required.
Insurance Market has a team of internationally seasoned insurance professional with extensive experience in designing, placing and managing multinational insurance programmes
Insurance market is a member of unisonSteadfast, a Global Alliance that brings together more than 350 independent insurance broking companies in over 130 countries and 20,000 insurance professionals committed and ready to provide advice and service to our Clients across 6 continents.
Terms of Business
To set out the basis of our professional relationship with you and the services that we will provide in respect of insurance contracts that we arrange or have arranged on your behalf, we have prepared our Terms of Business Document.
We advise that you read this carefully and contact us immediately if there is anything you do not understand or would disagree with.