Motor Insurance: Motor Insurance can be divided into two groups, two and four wheeled Vehicle insurance.
Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Product categories: Depending on the project, it can be divided into construction project all risks insurance and installation project all risks insurance; depending on the attribute of the object, it can be divided into project all risks insurance, and machinery breakdown insurance.
Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire and Marine insurance. It covers a variety of risks, the chief of which are:- Personal Accident insurance.
Rural insurance is basically insurance that has been created for the rural public to insure their businesses such as poultry, cattle, farming, etc. Individuals can claim benefits in case of death of animals or loss of crop. An area with a low population density and in which at least 75% of the male population is involved in agriculture comes under the rural sector. Owing to the financial instability of people residing in rural areas and the possibility of failure of crops, death of cattle, etc. the government launched many schemes for the benefit of the rural sector.
Plants and Machinery like, fork lift trucks, compressors, bulldozers, drilling machines, etc, account for a major part of a contractor's investment. There are various risks associated with damage to these vital plant & machinery’s due to all the toughest work on any project site is done by these plants & machineries. Get Reliance Contractor's Plant and Machinery Insurance Policy to protect your business from any probable loss of damage or repair and replacement costs of plant & machinery.