Commercial & Business Insurance
Business insurance — property, liability, marine, cyber, group health and other covers matched to your operations and contracts.
- Estimate Cost
- ₹10,000 – ₹75,000
- Typical duration
- 7 days
Service overview
- Commercial and business insurance protects a business against financial loss from liability claims, property damage, business interruption, employee dishonesty, cyber attacks and transit risks.
- It covers the risks that a single incident could otherwise turn into a major loss.
Who needs it? / When is it needed?
- Businesses of every size, from shops and startups to factories, traders, exporters and professional firms.
- When you start a business, take a loan, sign contracts that require insurance, or expand premises, stock or staff
What to expect from the WCP Professionals
- Review of your operations to map key business risks.
- Recommendation of the right mix of policies (public liability, professional indemnity, fire, marine cargo, fidelity, D&O, cyber, shopkeeper package).
- Quotes from multiple insurers, comparison and negotiation.
- Proposal form support, policy placement and ongoing claim support.
Key deliverables
- Risk assessment summary.
- Comparative quote sheet with the recommendation.
- Issued policy documents with a coverage summary.
- Renewal calendar for all business policies.
Standard turnaround time
- Risk review and quotes: 3–7 working days.
- Policy issuance: 1–3 working days after proposal and payment; large risks needing a survey may take 2–4 weeks.
Government fees, timelines & key outcomes
- No government fee; you pay only the premium to the insurer.
- GST at 18% applies on general insurance premiums such as this one.
- Key outcome: your business has the right cover in place, avoiding both under-insurance and paying for cover you don't need.
Forms & filings involved
- Insurer proposal form for each policy.
- Risk inspection or survey report for property and industrial risks.
- Declarations for turnover, stock values and employee count.
Documents required
- Business registration (GST, incorporation certificate or partnership deed).
- PAN of the business and KYC of the authorised signatory.
- Asset list with values, stock statements and recent financials.
- Previous policies and claim history, if any.
What we need from you
- Accurate and complete disclosure of business activities and asset values.
- Access to premises for insurer surveys.
- Timely premium payment and signed proposal forms.
Important conditions
- Non-disclosure or under-declaration of values can lead to reduced or rejected claims.
- Cover is subject to policy exclusions, deductibles and warranties.
- Final premiums and acceptance are decided by the insurer.
Additional information
- Review sums insured every year, as stock and assets change.
- Bundled package policies can lower premium costs for small businesses.
- Related services: Insurance Claims Assistance, Risk Assessment & Coverage Analysis.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
Which insurance does a business need?
Typically property (fire and allied perils), liability, employee covers and, depending on activity, marine, cyber, engineering or professional indemnity.
Is any business insurance mandatory?
Some is — for example third-party motor cover, public liability for hazardous substances and covers required by contracts or lenders.
What is under-insurance?
Insuring for less than the true value, which reduces claim payouts proportionately.
Do clients ask for insurance in contracts?
Often yes — contracts commonly require liability or professional indemnity cover with specific limits.