Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3
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Transcript of Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3
By N.Sugavanam, M.A., MBA, F.I.I.I, CEO & Chief Strategic Consultant
SUGA Consulting [email protected]
[email protected] Mobile: AirTel: 99400-58497
BSNL: 94454-37117
Industrial Risk ManagementThe Scope and Objectives of Risk
Management in Industries and BusinessRisk Management ProcessesRisk IdentificationRisk EvaluationRisk Avoidance, Reduction and Loss ControlRisk RetentionRisk MitigationRisk Transfer and Insurance
Friday, April 7, 2023SUGA = Success Unlimited Guaranteed Always... 2
Risk Management through InsuranceInsurance protects the Industrial Organizations
from financial loss, and saves the organizations from Financial Risks
Premium is the consideration paid by industrialists to protect the organisation from Financial risk
Sum Insured is the coverage provided by Insurance companies from Financial loss or damage
Insurance Policy Contract describes all the details of Coverages, Exclusions, Conditions and Warraties
Friday, April 7, 2023SUGA = Success Unlimited Guaranteed Always... 3
Introduction to Industrial InsuranceEssential Laws Governing Insurance
The Insurance act, 1938(As amended)Life Insurance act, 1956General Insurance Business (Nationalisation)
Act, 1973.Insurance Regulatory & Development
Authority Compliances
Friday, April 7, 2023 4SUGA = Success Unlimited Guaranteed Always...
Essential Laws dealing with InsuranceMotor vehicles Act, 1963 & 1988.The Inland Steam Vessels Act, 1917 (as
amended). Marine Insurance Act, 1963.The Carriage of Good by sea Act ,1925The Merchant Shipping Act, 1958.The Indian Railway Act,1890(as amended)The Carriers Act,1865The Carriage by Air Act, 1972.Multi Modal Transportation Act,1993
Friday, April 7, 2023 5SUGA = Success Unlimited Guaranteed Always...
Essential Laws dealing with Insurance – contd… Employees Stamp Act, 1899.Consumer Protection Act,1996Lok AdalatsPubic Liability Insurance Act, 1991.Exchange Control Regulations
Friday, April 7, 2023 6SUGA = Success Unlimited Guaranteed Always...
Insurance Products / Schemes Required for Industries / Business - 1Fire Insurance Coverage Standard Fire Policies –Specified Perils vs All
RisksReinstatement Value PoliciesBuilding in Course of Construction / Erection Consequential Loss (Fire) Insurance Type of Marine PoliciesMarine Cargo InsuranceMarine Hull Insurance
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Insurance Products / Schemes Required for Industries / Business - 2Industrial All Risk Insurance Project And Advance Loss of Profits InsuranceMotor InsuranceThird Party Insurance on Inland VesselsPersonal Accident Insurance Mediclaim PoliciesBurglary Insurance Legal Liability InsuranceFidelity Guarantee Insurance
Friday, April 7, 2023SUGA = Success Unlimited Guaranteed Always... 8
Insurance Products / Schemes Required for Industries / Business - 3Engineering Insurance Electronic Equipment InsuranceComputer InsuranceAviation Insurance Oil and Gas InsuranceSatellite Insurance
Friday, April 7, 2023SUGA = Success Unlimited Guaranteed Always... 9
N.Sugavanam, M.A., MBA, F.I.I.I, CEO & Chief Strategic Consultant
SUGA Consulting [email protected]
[email protected] Mobile: AirTel: 99400-58497
BSNL: 94454-37117
Friday, April 7, 2023 10SUGA = Success Unlimited Guaranteed Always...