Before structuring an insurance program, our Risk Management team carries out a comprehensive analysis of the insurance requirements of our clients, including inspection of facilities. A combination of risk-retention and risk-transfer advisory follows. Having inventoried the final set of requirements, we determine appropriate insurance solutions, customize products wherever required, credentialize insurers, invite proposals from them, negotiate terms, place insurance and enter into Service Level Agreements.
We fully understand that assets are capital-intensive, potential liabilities can impact the financials irreparably and human resources are precious. The product range on offer by us is reflective of our profound understanding of the needs of large & medium corporates. We offer Industrial All Risks Insurance, Fire & Allied Perils Insurance, Erection All Risks Insurance, Advance Loss of Profits Insurance, Loss of Profits Insurance, Boilers & Pressure Plants Insurance, Machinery Breakdown Insurance, Marine Insurance, Terrorism Insurance, Credit Insurance, Public Liability Insurance, Product Liability Insurance, Directors & Officers’ Legal Liability Insurance and Kidnap & Ransom Insurance.
We are privileged to have structured insurance programs of some very large corporates in the sectors like power, petrochemicals, steel, cement, construction, chemicals, sugar and engineering.
Employee Benefits Insurance
Human resources are core to an enterprise. Besides the employment-related statutory obligations, the employers now view insurance as a tool to engage and retain talent. We provide very cost - effective and process-friendly insurances for employees and their families. Acknowledging that the technology is very important in delivery of services to organizations with large, multi-locational employee-base, we bring on board rich experience of our core team members in implementation of the smartcard technology in expansive geographies. On offer are Group Medical Insurance, Group Personal Accident Insurance and Workmen's Compensation (Act) Insurance.
The effectiveness of an insurance program is put to test in the event of a claim. Our Claims Team, headed by qualified engineers with rich insurance domain experience, assist our clients in a host of activities e.g., liaising with the surveyors & loss adjusters, inspection of the site of loss, documentation of claims and negotiations with insurers. This service is gratis. The underlying objective is to help our clients obtain due indemnity from the insurers. Our role does not stop at that as our Risk Management Team draws up learnings from each mishap and offers appropriate advice to our clients towards preventing recurrence of similar losses.
The financial hardships faced by the dependents of a bread-winner in the unfortunate event of death or disability are a serious concern. Of equal concern is the post-retirement life with substantially reduced levels of income. We help our clients plan for almost all situations through Term Insurance, Retirement Plans and Child Plans.
We offer a host of need-based and cost-effective insurance covers to households e.g. Medical Insurance, Motor Vehicles Insurance, Home Insurance, Travel Insurance and Term Insurance. Our retail portal offers great convenience to the households in obtaining free quotes, compare offers by multiple insurers, purchase & pay online and obtain soft version of policy documents instantly.
Crop / Weather Insurance
Nearly 51% of India’s population is dependent on agriculture and allied activities. To protect the farm output from the vagaries of nature, the insurance industry too has contributed substantially. Starting from National Agriculture Insurance Scheme (NAIS), there are more advanced versions of crop insurance in the form of Modified NAIS and Weather Based Crop insurance Scheme (WBCIS) presently. We offer our services for distribution of crop/weather insurance products to loanee and non-loanee farmers in expansive geographies. We are privileged that the Agriculture insurance Company of India Ltd. has chosen to partner us as an empaneled broker.
Lender’s Insurance Advisory
Industries are capital intensive. The increasing need to upgrade and scale up demands more and more of capital. Not all are able to fund their capital requirements through internal accruals and often look to banks and other lending organizations. The lenders, besides securing the loans through collaterals, require insurance of assets financed by them. We advise lending organizations by inventorying the risks the assets financed by them are exposed to, estimate the insurance requirements, draft appropriate insurance-related clauses for loan agreements and, finally, review the insurances procured by the loanees for their adequacy
Salasar offers Reinsurance intermediation services across business segments and geographies. Our focus is on structuring solutions to cater to our clients' requirements and back the same with reputed reinsurers. Our expertise and experience in understanding the risk enable us to deliver innovative and cost-effective solutions for complex risks. Our team uses its deep domain knowledge and rich international experience to provide tailor-made solutions to insurance companies, nurturing long-term business relationships.
The key classes of reinsurances handled by us include Property & Engineering (Construction), Energy & Infrastructure, Marine Cargo & Hull, Political risk and Terrorism, Financial & Casualty Lines, Fine Arts & Specie and Agriculture.
As an reinsurance intermediary, we are well-networked with reinsurers to stitch up binding authorities, facilities, master programs and dedicated underwriting lines for handling Facultative, Retro & Treaty business. Our international connections put us in a strong position to support all Indian Insurers in seeking facultative and treaty reinsurance capacities from international markets. We have also added to our offerings inward reinsurance business from Asia, SAARC, Africa and Middle-East.
Aviation and Aerospace Insurance
Backed by the insurers and reinsurers of repute, we offer contemporary and competitively priced solutions for the aviation insurance and reinsurance requirements of our clients, covering-
- General aviation hull & liability
- Private aircraft
- Lease Agreements review
- Hull deductible
- AVPA & LOL
- Cyber Insurance Cover
- Airports and service providers
- Critical and non-critical manufacturers
- Hangar-keepers and Ground-handlers
We advise and support our clients towards structuring and implementing an appropriate insurance/reinsurance program to ensure best protection. In addition, we, in collaboration with our clients, manage claims end-to-end to and liaise with insurers/surveyors to obtain best possible indemnity.