Business/SME Insurance
Highlights of SME Insurance
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Sahi Insurance
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Key Features of SME Insurance:
SME insurance ensures compliance with laws and compensates employees for unexpected incidents.
It protects against unforeseen losses, enabling business continuity and progress.
Insurance makes your business trustworthy, encouraging investment from partners, vendors, and investors.
Business/SME Insurance - Inclusions and Exclusion
Business/SME Insurance Plan – Inclusions
Physical damage to your business property.
Destruction by fire or natural forces.
Damages from man-made disasters like riots.
Risks to employees and worker compensation.
General third-party liabilities.
Damage to property or products from lightning or explosions.
Business/SME Insurance Plan – Exclusions
Self-caused damages to the insured property.
Damages from certain business activities like heating.
Burning due to legal orders.
Damages from centrifugal forces or defective materials/designs.
While buying an SME insurance plan, it is crucial to consider some significant factors as mentioned below:
Assess risks Identify potential risks like property or product damage, employee injuries, lawsuits, theft, and natural disasters that your SME faces.
Research and compare policies Evaluate different plans across insurers. Talk to insurance representatives for clarity and seek quotes to find the best fit.
Request quotes Ask for premium quotes for the shortlisted plans. Provide necessary business information like annual revenue, location, no. of employees, for accurate quotes and opt for the most suitable option.
Buy online Purchase the selected insurance plan either from the insurer's official website or seek guidance from Paybima’s expert advisors.
All That You Want to Know Before Buying Insurance
SME stands for small and medium enterprises. These businesses run with fewer employees and a lower annual turnover.
SME full form in insurance and beyond is Small and Medium Enterprises.
SMEs or small and medium-sized enterprises play a significant role in the economic development of a country. The most crucial purpose of SMEs is to create jobs and income for people in the service sector.
Some key benefits of SMEs:
- SMEs make it easy to start a business
- SMEs offer market expansion opportunities
- SMEs increase profitability
- SMEs reduce human intervention for compliance
