Nova Benefits Launches Asset-Liability Insurance with Enterprise Risk Management


Nova Benefits, an employee wellness platform focused on corporate health insurance, announced the launch of asset, liability, marine, project and engineering insurance, among many others, for companies of all sizes.

Specialty insurance protects businesses against risks associated with damage to office buildings, laptops, machinery and equipment and even takes into account contractual liabilities, D&O obligations and more.

With corporate and business insurance, the company aims to partner with multinational corporations across the country to protect valuable assets that generate revenue. Nova Benefits Enterprise Risk Management offerings include, but are not limited to, the following:

  1. D&O insurance for directors and officers to protect them from the implications of their decisions which may lead to legal and financial worries.

  2. Asset insurance for business assets, such as buildings, furniture, office equipment, laptops and other devices, etc.

  3. Ocean freight insurance to insure goods in transit against risks incidental to or incidental to sea, air, rail/road/inland waterway navigation.

  4. CGL or commercial civil liability to cover the legal liabilities of third parties that may arise in the exercise of its activities.

From identifying risks to providing expert consultation on how to manage them, Nova Benefits comprehensively protects companies and their stakeholders through: risk assessment and presentation, curated cover design, peer benchmarking, placement and risk administration.

Saransh Garg, CEO and Co-Founder of Nova Benefits, said, “Businesses of all types and sizes have abundant insurance needs, but often even the most recommended business insurance policies don’t cover everything. . It gets worse when you pay a lot of money for all that commercial insurance, but you don’t have the right coverage in the event of a tragedy. Our business and corporate lines of insurance are facilitated in partnership with the best insurance companies in India, ensuring businesses are protected in unprecedented circumstances, risks and exposures.

He further added, “With our unique combination of industry-specific expertise, deep intellectual capital and best-in-class advisory experience, our business and corporate insurance will create a more stable path towards success.

Nova Benefits has partnered with leading Indian insurers including Aditya Birla Group, Care Health Insurance, SBI Life Insurance, ICICI Lombard, Edelweiss, Bajaj Alliance, The New India Insurance Company, Iffco-tokio, TATA AIG, Digit and HDFC Ergo.


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