Business Insurance
Commercial Lines
When placing your insurances through R2S Insurance Brokers, you benefit from an independent broker with a vast network to cater for your local and global needs.
Because no two people or businesses are alike, even within the same industry, we at R2S Brokers offer custom solutions for each one of our clients.
There are many types of business, ranging from construction firms to industrial firms, stores to home-based businesses. All have one thing in common: Without the right insurance coverage, each could be wiped out by a disaster or a lawsuit. In addition, almost all businesses are accountable for the safety of their workers and bear responsibility for injuries suffered on the job.
At R2S Insurance Brokers, we believe that the best insurance advice and solutions can only be provided with a thorough understanding of the industry and the specialized needs of each organization. If your business needs an insurance solution, you have come to the right place.
Property Insurance
You can protect the assets of your business, including your equipment and the building or buildings in which you operate, by having property insurance. This insurance covers your property in the event of theft or damage caused by fire, explosions, accidents, or acts of nature. Additional Office equipment can be protected by having contents insurance. If you’re running a business from your home, you should also have such protection to cover your work-related equipment, which may not be covered under a standard homeowner’s policy.
The amount of stock or equipment you maintain for your business operations will determine how much coverage you’ll need to purchase. By taking a detailed inventory of all property, equipment, and stock, you can determine the amount of coverage you’ll need. Include real estate such as buildings or garages you own.
At R2S Insurance Brokers we have been advising businesses on the best building’s insurance cover for many years. There are a wide range of insurances that are either required by law or are essential for the running of your business. We can provide you with Commercial Landlord Insurance, Buildings Insurance, Contents Insurance, Unoccupied Property Insurance as well as insurance for guest houses and those purchasing buy to let properties. Contact one of our specialist advisors today and we’ll tailor a policy to meet your needs.
Why do I need Property and Premises Insurance?
Property and Premises Insurance protect the insured party against a range of risks affecting the buildings they own or rent. Where a property has a mortgage, the lender will usually insist that buildings are insured.
Commercial Property Insurance – If you own commercial business premises you need to provide appropriate cover for your buildings should they be damaged as a result of the more likely risks i.e. fire, theft or weather damage. Additional risks can be included such as: damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism and war.
Commercial Property Landlords Liability Insurance – is a policy to cover a property owner from financial.
Liability Insurance
General liability insurance provides coverage for legal liability in the event your company is sued for bodily injury or property damage. R2S Insurance Brokers will help you determine the appropriate limit of indemnity and type of liability insurance for your company and projects.
Products include: Products Liability, Third Party Liability, Comprehensive General Liability, Employers Liability / Workmen’s Compensation, Defense Base Act (DBA), Professional Liability, Medical Malpractice, Auto Liability and Excess Liability.
Engineering
This class of business is very much in demand in this region due to the vast expansion of infrastructure in the middle east.
Engineering various insurances is imposed as a requirement for contractors, sub-contractors, principals and developers to purchase and is mandatory to show proof of insurance.
Products for Onshore and Offshore risks include: Contractors All Risk / Erection All Risk, Business Interruption, Principal Control Insurance, Machinery Breakdown, Construction Plant and Machineries, Decennial Liability, Latent Defect, Advance Loss of Profit, Delay in Startup, and Operators Extra Expenses.
Financial Lines
Taking into consideration today, the global crisis and its implications on bailouts, dept standstills and defaults, litigation, fraud, and Ponzi schemes; these financial classes of business prove very popular.
Other Lines
Directors & Officers: Management Liability, Employment Practices Liability, Pension Trustee Liability, Outside Directorship Liability, Public and Future Offering of Securities Insurance, and Excess Side A Difference in Conditions.
Financial Institutions: Bankers Blanket Bond, Commercial Crime, Professional Indemnity and Directors & Officers for FI’s, Warranty and Indemnity, Specie (Premises & Cash in Transit), Excess SIPC Liability (Securities Investor Protection Corp.), and Fiduciary Liability.
Professional Liability & Errors & Omissions: for Commercial (Non-Financial) companies like: Engineers / Architects (Design & Construct), Lawyers / Limited Liability Partnerships, Accountants, Insurance Companies, Brokers & Agents, Medical Malpractice.
Technology PI and Cyber Liability: Hacking Attack, Threats and Extortion, Internet / Email Protection, Media, Libel and Slander, Intellectual Property, Trademark & Copyright.