Business Insurance
Life Insurance Law
The Life Insurance Law is the one that the employer must contract from the beginning of the employment relationship, in accordance with the provisions of the Law of Consolidation of Social Benefits, approved by Legislative Decree No. 688 and amendments, from the 01 day in which the employee enters the payroll.
Coverages:
Natural death: 16 salaries.
Accidental death: 32 salaries.
Total and permanent disability due to accident: 32 salaries.
SCTR: Complementary Insurance for Risky Work
Coverage: all work-related accidents occurring during working hours, as well as illnesses resulting from professional work.
Ramos: Health and Pension.
Mandatory: Law No. 29783, also known as the Occupational Health and Safety (OHS) Law, is a law that establishes the requirements to protect workers from occupational accidents and diseases. This law applies to all employers, workers and contractors operating in Peru.
Law No. 26790, known as the Law on Modernization of Social Security in Health, regulates the Complementary Insurance for Risky Work (SCTR).
TREC Insurance
TREC (All Risk Contractor Equipment) insurance is a type of policy that protects the machinery, equipment and assets of construction, mining or industrial companies from unforeseen damage:
Fire, lightning, collision, overturn, landslide, derailment, flood, tsunami, cyclone, hurricane, tempest, winds, earthquake, tremor, volcanic eruption.
Robbery and/or assault.
Accidents during assembly, disassembly and transportation of equipment.
Civil liability for damage that the machinery may cause to third parties.
Letter of Bail and Bonds
Surety bonds and surety insurance are products that guarantee compliance with contractual or legal obligations:
Guarantee letters: these are documents issued by banks or insurance companies that support obligations arising from service, supply or construction contracts.
Surety bonds: are guarantee contracts that ensure compliance with obligations established in a main agreement.
In both cases, the beneficiary or insured is compensated if the policyholder or contracting party fails to meet his or her obligations.
To obtain a letter of guarantee or surety bond, the following are required: Corporate and legal documents of the company, Updated financial statements, Commercial Information Form, Request Form for a Letter of Guarantee or Surety Bond, Company Profile.
These products can be contracted by construction companies, consultants, construction supervisors, technical entities of the Mi Vivienda Fund, service providers, among others.
The most common Letter of Guarantee is that of faithful performance.
These insurance policies require a special process and the collaboration of the contracting company, since the insurers, in order to evaluate the bond, request not only extensive documentation, but also proven solvency and experience of the applicant(s) for the bond.
Credit Insurance
Credit insurance protects any business against commercial risks beyond its control. It is usually for clients who invoice amounts greater than one million dollars in sales, protecting the credits that these companies could give to their clients, seeking
solutions that help increase profitability by minimising the risk of potential customer insolvency or non-payment.
Some benefits:
Support in times of global and national crisis.
Support for your business operations from start to finish. No matter the sector, location or size of your company.
Maintain financial stability in the face of customer insolvency.
Increase in credit sales with minimal risk.
Promote the opening of new markets, both domestic and export.
Allows you to compete with low risk.
Study of your current and potential customers.
Portfolio recovery advice.
Care of the most important asset for generating liquidity and sustainability of the company.
Improving the quality of your clients and therefore reducing the risk of loss.
CAR Insurance
The CAR (Contractors All Risk) insurance policy is an insurance against material damage and civil liability in the workplace. It protects the construction site throughout the construction process and compensates the insured for losses and damages that may occur during construction.
Protects large-scale projects by covering materials and assets on the construction site against accidental damage. It is ideal for contractors on infrastructure projects, minimizing risks during construction.
It is mandatory, as it is required by municipalities to grant the license and is also required by contractors.
Multi-risk business
It is an insurance that protects a company's assets in the event of an unexpected event such as a fire, theft or a natural disaster.
What benefits does it offer? This type of insurance offers you the following coverage:
Robbery or assault at the business.
Fire and/or explosion.
Burst pipes, flooding or broken glass.
Earthquakes or other natural disasters.
Strikes, civil unrest or vandalism affecting property.
Civil liability towards third parties.
Dishonesty of employees who manage cash registers.