Plum Insurance

Plum Insurance, offered by Plum Benefits Insurance Brokers Pvt Ltd, is a suite of insurance products designed to protect businesses from financial risks. According to the vendor, Plum Insurance caters to businesses of all sizes, including new startups, growth-stage companies, and large entities. It is commonly used by IT and technology companies, startups and entrepreneurship ventures, consulting and professional services firms, manufacturing and engineering organizations, as well as healthcare and pharmaceutical companies.

Key Features

Directors and Officers Insurance: According to the vendor, this coverage protects directors, officers, and employees of a business against personal liabilities. It covers legal costs and damages resulting from lawsuits and regulatory actions, providing financial protection and enhancing decision-making confidence.

Errors and Omissions Insurance: The vendor states that this coverage guards businesses against financial risks arising from negligent acts, errors/omissions, breaches of contract, or failure to render professional services. It covers legal costs and damages resulting from claims of negligence, mitigating financial losses and potentially enhancing client confidence.

Employee Dishonesty Insurance: According to the vendor, this coverage protects businesses against financial losses due to criminal acts committed by employees. It covers losses linked to theft, embezzlement, forgery, or fraud, safeguarding business assets and ensuring operational continuity.

Commercial General Liability Insurance: The vendor claims that this coverage protects businesses against financial risks arising from death, physical injury, or property damage. It covers legal costs and damages resulting from claims of negligence or accidents, providing financial security and protecting business reputation.

Cyber Liability Insurance: According to the vendor, this coverage shields businesses from information technology and infrastructure risks. It covers financial losses and legal costs resulting from data breaches, cyber attacks, or privacy breaches, protecting against potential reputational damage and regulatory fines.

Asset Protection Insurance: The vendor states that this coverage safeguards businesses from losses related to damage to physical assets. It covers repair or replacement costs for buildings, equipment, inventory, and furniture, ensuring business continuity and financial security.

Group Health Insurance: According to the vendor, this coverage offers comprehensive healthcare coverage for employees and their dependents. It provides access to a wide network of hospitals, clinics, and healthcare providers, covering medical expenses including hospitalization, doctor consultations, diagnostic tests, and medications. Businesses can choose from multiple plans and customize coverage based on their budget and requirements.

Group Personal Accident Insurance: The vendor claims that this coverage provides financial protection in the event of accidental injury or death. It offers coverage for medical expenses, disability benefits, and accidental death benefits, helping employees and their families cope with the financial impact of accidents. Additional benefits such as ambulance services and repatriation expenses can be included.