Mumbai has a dense insurance market. Brokers, agents, direct insurers, comparison platforms, bank channels the options for buying corporate or personal insurance have never been more varied. That variety is useful. What it isn’t, is clarity. The choice of broker affects not just what you pay, but what you’re actually
A container of pharmaceutical ingredients from Germany, delayed at JNPT for three weeks. A consignment of textiles destroyed by fire in a warehouse in Chennai, en route to a buyer in Delhi. Diamonds in transit between Mumbai and Antwerp, lost somewhere in the logistics chain. These aren’t hypotheticals. They’re the
Most business owners have thought about what they’d do if a major client left, or a warehouse burned down, or a key machine broke. There’s a protocol for those things or at least a rough plan. Fewer have thought through what would actually happen to the business if the founder
A textile mill in Bhiwandi. Insured for ₹8 crores. Fire damages the premises to the extent of ₹4 crores. The owner expects the claim to be settled for ₹4 crores. The insurer pays ₹2 crores. What happened? The mill was actually worth ₹16 crores double what it was insured for.
Every April, HR managers across Mumbai go through the same exercise. Renewal quotes land in their inbox. Premiums have gone up again. The coverage hasn’t changed. Nobody’s quite sure whether the policy the company is paying for is actually adequate for the team they now have. It’s a familiar cycle,
A mid-sized pharmaceutical company in Thane. A garment exporter in Surat. A logistics firm in Mumbai’s western suburbs. Three very different businesses. All three hit by ransomware attacks in 2024. All three without cyber insurance. The financial fallout was significant in each case not just from the ransom demands, but
