Fundamental protection for your startup
- Protects against business losses & ensures business continuity
- Covers all legal expenses and PR recovery
- Meets all compliance standards worldwide
3000+ companies trust Plum
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General liability insurance
Why do you need general liability insurance?
Who should buy general liability insurance?
What does general liability insurance cover?
Protect your organisation
against all risks
Protects the directors, officers and employees of your business against personal liabilities.
Who do we recommend directors and officers insurance for?
Broadly speaking, the D&O cover is essential for all business entities registered under the Companies Act (2013), irrespective of size and growth stage.
What's Covered
Personal liability of the Directors & Officers
Losses incurred by the insured’s company
Claims related to buying/selling/ownership of securities. (Only for listed companies)
Losses if sued by past/ present/ prospective employees owing to wrongful termination
What's not covered
Product Liability
Prior acts
Intellectual Property Rights
Medical Malpractice
Money Laundering
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Guards your business against financial risks arising from a negligent act, error/omission, unintentional breach of contract, or failure to render professional services to a party.
Learn moreWho do we recommend errors and omissions insurance for?
If your product/ service can meaningfully impact your customer’s revenue, you should strongly consider E&O insurance cover. Some relevant businesses here are technology, consultancy and professional services like law/ finance.
What's Covered
Costs arising from failure to fulfil a contract/ product delivery
Damages resulting from Unauthorised Access to Computer Systems due to destruction/ deletion/corruption of electronic data
Negligence regarding the content of any Media Communication, misappropriation of trade secret
What's not covered
Any intentional, dishonest, fraudulent or criminal act
Bodily Injury or Property Damage
Breach of an express Warranty/ Breach of Guarantee
Delay in delivery or performance
Protects your business against financial losses due to criminal acts linked to money or securities, committed by an employee/employees.
Learn moreWho do we recommend the employee dishonesty cover for?
We recommend employee dishonesty for any industry where employees have access to valuable assets or financial information.
What's Covered
Legal fees, costs, and expenses incurred while defending against a demand, claim, lawsuit, or legal proceeding
Court Attendance Costs in case of civil proceedings
Cost of reconstituting data lost by the insured / Cost of investigation to determine exact loss
Extortion Cost
What's not covered
Prior or subsequent discovery of loss
Consequential loss
Kidnap and Ransom
War
Protects your business against financial risks arising from death, bodily injury or damage to property.
Who do we recommend the commercial general liability cover for?
A commercial general liability cover is a key policy you should get as soon as you open a business, across industries. It is particularly relevant when your business has physical premises.
What's Covered
Damage incurred by third party due to any bodily injury
Damage to property
Damage towards advertising related suits
Medical expenses due to accidental bodily injury
What's not covered
Product Liability
Intellectual Property Rights
Medical Malpractice
Money Laundering
Shields your business from information technology & infrastructure risks. Such risks are breaches of data/privacy, malicious cyber attacks etc.
Learn moreWho do we recommend cyber liability insurance for?
Cyber crime can affect any sector or industry that uses technology to store, process, and transmit data. However, some major sectors like healthcare, technology and education are frequent victims of cyber crimes.
What's Covered
Loss arising out of breach of privacy or security
Expenses incurred to prevent or end a cyber extortion threat
Costs incurred to determine data restoration and privacy notifications to impacted individuals
Business interruption losses incurred by the company
What's not covered
Bodily Injury/ Property Damage
Criminal, Dishonest and Fraudulent Acts
Prior Acts
Insolvency
Safeguards your business from losses revolving around damage to physical assets
Who do we recommend the asset protection cover for?
If you are an organisation investing in office equipment for your employees/businesses, we recommend an asset protection cover to safeguard such equipment.
What's Covered
Sudden and unforeseen physical damage, including breakdowns
Protects against loss due to Faulty operations, theft, natural calamities etc
Add on: Cost of reconstruction of data caused by a peril
Add on: Additional expenditure incurred due to the use of a substitute computer system
What's not covered
Regular wear and tear from use and continuous operation
Wilful act and gross negligence
Consequential losses
Third-party fault
Frequently asked questions
Why do I need business insurance?
Business insurance is essential because it safeguards your business from unforeseen financial risks. It can help cover the costs of property damage, liability claims, legal fees, and other expenses that could otherwise affect your business.
How much does business insurance cost?
The cost of business insurance depends on many factors, including the size of the business, the industry, the location and the coverage limits. Check out our recommendation engine to receive policies tailored to your business with estimated costs.
What does business insurance cover?
The coverage provided by business insurance depends on the type of policy you purchase. Common coverage areas include property damage, liability claims, shareholder lawsuits and data breaches.
Do companies belonging to specific industries particularly need business insurance?
Every business faces unique risks and liabilities, regardless of industry.
It would be prudent to reach out to your insurance provider for a clear picture of the risks typically faced by businesses like yourself and how to mitigate such risks. Book a meeting with a Plum insurance expert here.
Why should I choose Plum for Business Insurance?
- Provides one-touch access to trusted insurers and cost-effective plans.
- Connect with insurance experts for regular check-ins and advisory support
- Brings the expertise and leverage with insurance companies for high-value claims
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