Our ServicesInsurance Strategy Services

We offer services to formulate insurance strategy for small and medium business organizations. The key offerings caters broader business needs, from valuation to strategic planning:

Example of Small Business Insurance Strategy

For a small retail business, a Basic Protection Package could include:

      • Business Liability Insurance for customer safety
      • Shopkeeper, Factory and industries insurance cover money in transit, safe and baggage cover also.
      • Group Health Insurance to retain employees
      • Credit Risk Insurance to secure payments from larger clients

Cost-effective insurance packages can support growth while protecting key areas of the business.

      Example of Large Business Insurance Strategy

For a large corporation like a manufacturing empire, a Comprehensive Elite Package may include:

      • Directors & Officers Liability Insurance for top executives
      • Cyber Liability Insurance for safeguarding digital operations
      • Business Continuity Planning to ensure uninterrupted operations
      • Key Person Insurance for leadership protection.


    1. Business Protection and Liability Coverage
      • For Small Businesses : Mahavir Consultancy can provide business liability insurance to protect small enterprises from lawsuits and potential financial losses. For instance, a small retail store can benefit from general liability insurance to cover customer injuries or property damage, which can otherwise be financially devastating for a smaller business.

      • For Large Corporations : Larger organizations might benefit from directors and officers (D&O) liability insurance, which protects top executives from personal liability in case of legal action. Cyber liability insurance is another vital protection, especially for companies handling vast amounts of customer data, safeguarding them against cyber-attacks and data breaches.


    2. Employee Benefits Insurance
      • Group Life and Health Insurance : Providing group life and health insurance can help businesses attract and retain talented employees, a crucial factor in today’s competitive job market. This coverage is not just a financial safety net but also a powerful employee retention tool.

      • Disability and Long-Term Care Insurance : For organizations focused on employee welfare, Mahavir Consultancy can offer disability and long-term care insurance, which reassures employees of income support during challenging times, further enhancing loyalty and reducing turnover.


    3. Business Continuity and Succession Planning
      • Buy-Sell Agreement Funding and Key Person Insurance : Mahavir Consultancy offers buy-sell agreements, funded through life insurance, ensuring that businesses continue seamlessly even if a key partner or founder exits unexpectedly. This insurance type is particularly beneficial for family businesses or partnerships.

      • Succession and Partnership Protection Planning : With a focus on business continuity, succession planning ensures a smooth transition of leadership. Key person insurance protects against financial loss if a vital team member becomes disabled or passes away, enabling the business to recruit and train a replacement.


    4. Risk Management and Compliance Services
      • Risk Assessments and Audits : Mahavir Consultancy offers risk assessments and insurance audits, which help businesses, understand potential risks and check if they have adequate coverage. For example, a mid-sized manufacturing firm could benefit from a comprehensive risk assessment to determine liabilities related to workplace safety or property damage.

      • Claims Management and Compliance : Claims management services support clients throughout the claims process, ensuring they receive due compensation swiftly and without hassle. Compliance services help businesses stay aligned with regulatory standards, which is especially valuable for industries with stringent regulations, such as healthcare or manufacturing.