Work Experience (Updated as on 30th June 2006)
FIRE AND ALLIED PERILS
We have handled 2,820 claims in this class of business.
Mainly claims were due to fire and storm damages to
foodstuff, Textiles, readymade garments, electronic
items, factories manufacturing oil, paper, steel batteries
etc. In the process of handling claims we have arranged
forensic investigations, machinery cleaning/recovery
through experts from abroad. Two major fire claims
handled by us were adjusted at US$.3.5 million and
US$.4.5 million. Two loss of Profit claims were adjusted
at US$.0.65 million and US$.1.2 million.
MARINE & P & I
We have handled 2,557 claims for Insurers, Protection
and Indemnity clubs and carriers. Claims were mainly
in respect of damage to Machinery, construction materials,
food grains, vehicles, yachts, fishing vessels and
frozen food. We have carried out on board surveys
of cargo, discharge supervision, pre-shipment surveys.
Largest marine cargo claim handled by us was submitted
at US$. 1 million.
CONTRACTOR’S ALL RISK
We have handled 680 claims in this class of business.
Claims were mainly for damages due to Storm, Flood,
Fire and accidental damage to third party property.
We have handled claims for damage to commercial/residential
buildings, temporary buildings, roads, schools, hospitals
etc. Largest Contractors All Risk claim handled by
us was submitted at US$.2.2 million.
CONTRACTOR’S PLANT AND MACHINERY
We have handled 307 claims in this class of business.
Claims were mainly due to accidents whilst in operation
and fire. We have handled claims for mobile/tower
cranes, lifting tackle, earth moving equipments, rock
breaking equipments etc. Largest single machinery
damage claim handled by us was adjusted at US$.225,000.
MACHINERY BREAKDOWN
We have handled 86 claims under Machinery Breakdown
Insurance. Claims were mainly in respect of air dryer,
extrusion machinery, cold store machinery, wire drawing
machines, marble cutting machinery etc. Largest single
claim handled was US$.50,000.
MOTOR
We have handled 5,852 claims in this class of business.
Generally claims were in respect of Passenger cars
and commercial vehicles.
FIDELITY GUARANTEE
We have handled 252 claims in this class of business.
Generally claims were in respect of Traveling salesmen
absconding with employer’s money/goods. Generally
claims were of medium size. Largest single claim handled
by us was submitted at US$.250,000.
MISCELLANEOUS
We have handled 82 claims under Travel insurance,
Jewellery/home contents and Money Insurance. Largest
claim handled in this area was claimed at US$.100,000.
PUBLIC LIABILITY
We have handled 45 claims under Public Liability
Insurance. Largest single claim was submitted at US$.1,000,000.
RISK SURVEYS
We have handled over 89 Pre acceptance risk surveys,
mainly Industrial Establishments, Industrial Estates
and 5 star hotels.
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