Speciality Insurance

Specialty insurance usually provides dynamic coverage focused to meet the unique risks and needs of specific industries or professions, addressing exposures that standard insurance policies might not cover.

Specialty insurance may include different policies such as solar insurance, energy insurance solutions, international insurance solutions, aviation insurance, and trade credit insurance.

Solar insurance usually covers photo-voltaic (PV) modules against performance degradation and defects; it can also covers performance warranties, product warranties, and additional top-up coverage.

Energy insurance solutions typically provides coverage for risks associated with the energy sector, such as machinery breakdown, business interruption, and environmental liabilities.

Specialty international insurance programs usually offers coverage for businesses operating in multiple countries, combining a master policy issued in the home country with local policies tailored to regional needs.

To file a claim, you may reach out to your insurance provider with details of the incident, including any relevant documentation and evidence of the loss or damage.

The usual claim process requires you to provide details such as the policy number, date and time of the incident, description of the incident, and any supporting documents like invoices, receipts, or photos.

The time taken to process a claim can vary depending on the complexity of the case and the type of coverage. Your insurance provider can give you an estimated timeline based on your specific situation.

If your claim is denied, review the denial letter for the reasons provided. You can appeal the decision by providing additional information or evidence to support your claim.

Insurance providers usually offer online portal or dedicated customer support to help you track the status of your claim and receive updates throughout the process.

To renew your policy, contact your insurance provider before the expiration date to review and update your coverage as needed. You may also receive a renewal notice with instructions.

Yes, you can make changes to your policy during the renewal process. Discuss any updates or adjustments with your insurance provider to ensure your coverage meets your current needs.

If you miss the renewal deadline, your coverage may lapse, leaving you unprotected. Contact your insurance provider immediately to discuss your options and avoid any gaps in coverage.

Some insurance providers offer discounts for renewing policies, especially if you have a history of no claims or have been a long-term customer. Inquire with your provider about any available discounts at the time of renewal.

It's recommended to review your specialty insurance coverage annually or whenever there are significant changes in your business operations or risk exposures to ensure you have adequate protection throughout.