We ensure that we can protect your business with the right risk advice, tailored insurance solutions and risk management programmes for all sizes of business.
Corporate insurance is designed for large, complex organisations where the risk exposure is broad and multi-faceted.
Coral Financial Solutions has a specialist corporate broking team that develop insurance and risk management programmes for corporate businesses, covering everything from financial and asset related risk through to people and workplace risks.
Business Assets
Fire, flood, earthquake, burglary and accidents can cause physical loss and damage to your business. This physical loss to buildings, plant and stock are commonly insured under a Material Damage policy. For many businesses their commercial property and the physical assets within them represent a huge investment of capital. Protecting your business from these unexpected events is one way of reducing risk in your business.
Business Interruptions Insurance
The impact of fire, flood, earthquake, burglary and even simple accidents may interrupt the normal operation of business causing a reduction in loss of income.
Following a Material Damage claim, Business Interruption Insurance will help keep your business running, covering loss of revenue, profits and paying fixed expenses. The most common claims we see are:
Loss of profits due to an insured peril e.g. wind, storm, hail, flood etc
Increased costs of working such as leasing alternative premises and/or hiring equipment
Landlords loss of rent when tenants can’t occupy a building
General Liability Insurance
General liability insurance covers your legal liability should you, your employees or your products cause third party property damage or personal injury to any third party.
Fidelity Insurance
Fidelity insurance protects organisations from loss of money, securities, or inventory resulting from crime such as employee dishonesty, fraud and other criminal acts.
In view of the state of the market and the economic pressure, claims under this section has increased.
Commercial Vehicles
Commercial vehicle insurance is designed to minimise disruption to your business following damage to or theft of your vehicle(s). Commercial vehicles are a critical asset when doing business. We cater for your specified and commercial fleet vehicle needs.
Cyber Liability
The effect of a Cyber attack could be devastating to any business: loss of vitally important data, network downtime, loss of credibility when clients’ information is compromised. My business believe that their firewall and anti-virus programmes provide sufficient protection against cyber risk such as viruses and hacking, however the reality is that millions of people & companies fall victim to cyber-attack.
Directors & Officers Liability
This cover provides financial protection for the Directors & Officers should they face a legal suite pertaining to the failure to perform duties related to the company.
Directors & Officers can be held legally liability in their personal capacity for errors and omission.
Employers Practise Liability
The cover under this section is a relatively new form of liability insurance that provides protection for an employer against allegations made by current employees, former employees and/or job applicant. The section covers the likes of discrimination, wrongful termination of employment, sexual harassment, and other employment-related allegations that may occur.