Marine Delay in Startup Insurance

The Marine Delay in Startup Insurance (DSU) covers all the contingencies that typically fall under Advance Loss of Profits Insurance. The key point of difference lies in the fact that DSU follows the fortunes of the concurrent Marine Insurance cover taken in connection with the project.

There can be reductions in turnover or output as a result of physical losses or damages to the plant and machinery in transit. The DSU policy gives coverage against loss of gross profits in such circumstances.

Claim Process

1

Review the policy

2

Contact the insurance company

3

Follow up regularly

4

Provide requested information promptly

5

Escalate to a supervisor or manager

6

Understand the reasons for the delay

7

Seek assistance from a broker or agent

8

File a complaint if necessary

9

Seek legal advice if necessary

10

Thank You

Note: The claims process can vary depending on the specific circumstances and the policies.

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  • Vivek Tripathi

    Senior Executive

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