Facultative
Facultative
Our team of experienced and young hands is there to work for you - so that we can tap the worldwide market to get terms and support and wordings to suit the ever-changing risks that are being thrown up with the growth of the Economy and new types of business activities that are coming up. We are there to analyse, suggest and present the risks and the exposures of a business - to the Reinsurers to ensure that the Cedants/clients get the best what the insurance world can offer. For our overseas cedants we can tap the huge capacity that is available locally as well as in other Asian Countries-

 Art
 Cancellation of Events
 Energy
 Liabilities
 Marine Cargo
 Motor
 Property
 Protection & Indemnity
 Terrorism


Art



Cancellation of Events



Energy
Having handled one of the Largest Energy FAC proposals of our County our capabilities in this area has been recognised.

The Energy market is a well developed niche market. The exposures faced by this volatile sector are not constant – be it physical, financial or legal.

The world has been a witness to what the fury of nature could do to such industries throwing up widespread damages and huge losses which naturally has its effect on the pricing and coverage of such risks.

Such situations represent not only a risk but also an opportunity for managing these risks effectively, understanding its increasing complexity and dealing with the challenges to come up with an effective solution.

Because of our understanding and experience of this sector be it – Exploration and Production Companies, Drilling Contractors, Petrochemical operators, Power Generation and Utility units- we can bring in this unrivalled/unique specialisation to partner this sector to find a complete insurance package at reasonable cost.

The type of specific covers and solutions dealt by us have been-
Property covers for:
Drilling and Construction units
Land rigs
Offshore and Onshore Property
Control of Wells
Business Interruption covers
Operators Extra expenses
Third Party Liability covers
Construction and Engineering covers



Liabilities
With the unrivalled growth in the IT, Automobile, Bio chemical industries and the spread of Indian business overseas, the traditional approach to Liabilities Insurances have seen a sea change this past decade.

The type of casualty liabilities and financial liabilities that the working of such sectors can throw up need s to be understood in their right perspective.

At Heritage we have been working with various Reinsurers to make the international capacity become available to our cedants thereby new covers such as CGL/D & O, PI, Cyber crimes coverage are becoming more accessible to the clients.

Having worked on a few important proposals of this nature and studying the wordings of the covers and plethora of clauses available, we can bring in this indepth knowledge to support the cedants in offering the legal liability covers most suited to the clients and to the risks to which they are exposed by performing as per the terms of their Contracts.



Marine Cargo




Motor



Property
One of the oldest types of insurance is the Property – Fire and allied Perils Insurance.This has also been witnessing various changes with the requirements also expanding to include BI, cover on PML basis, on an overall Policy Limit basis…

Besides the types of primary Insureds have been changing- whether they be new players such as the TELECOM industries, large hospitals, or the newly constructed Infrastructure facilities – each coming up with unique features – and exposures.

We try to understand the risks thoroughly, collect relevant information to support the analysis and approach markets in a comprehensive manner so as to ensure that the Cedants and Clients have access to the best underwriters in the world.



Protection & Indemnity





Terrorism
Whilst the local Indian Capacity in the form of a Terrorism Pool is available to the Indian Cedants the requirements for cover is increasing day by day.

Also the exposure to the risks of Terrorism is expanding.

At Heritage we have been able to arrange for very cost effective covers for major industries on behalf of various cedants in India.