WORLD-CLASS INSURANCE FOR YOUR GLOBAL TRADE & SUPPLY CHAIN
Best-in-class brokered solutions partnered with S&P 'AA' & A+' rated Global Insurers
Here for you
Risks, situations and hedging requirements vary for each respective business and keep on evolving in today’s dynamic business, economic and political world. Our approach involves listening & understanding these clientele requirements, performing an in-depth risk analysis and aptly structuring customized insurance and reinsurance solutions that best befit our corporate clientele requirements.
We partner with world-class reputed specialist US & International Insurers & Reinsurers enjoying S&P 'A+' and above ratings. In collaboration with our Lloyd's of London broking office, the world’s oldest and most advanced centre of global insurance and reinsurance, we ensure that our clients are professionally advised and offered the best state-of-the-art bespoke insurance solutions.
Trade Credit, Structured Trade Finance & Supply Chain Insurance are our 3 core areas of specialty spanning our team's over 25 years of experience in developed and emerging global markets. It would be our immense pleasure to understand your business and structure bespoke solutions best managing your trade, finance & corporate risks. Let's start a dialogue today !
OUR INSURANCE SOLUTIONS
A Personalized Approach to Your Insurance Needs - Delivering Customized Solutions !
TRADE CREDIT & POLITICAL RISKS INSURANCE
Secure your Trade Receivables by insuring against risk of your Customer's Non-Payment due to Insolvency, Default or a host of Export & Political Risks involved in Domestic & International Trade.
You also benefit from Credit Intelligence Information & Debt Collection Services by Insurers.
STRUCTURED TRADE FINANCE INSURANCE
We offer full range of Trade Finance Risk Transfer & Participation Insurance Solutions for Banks & FI's : Non Payment Insurance, Capital Relief Structures (Basel Compliant), Factoring (Portfolio / Specific Debtors), Structured Trade & Commodity Finance Insurance, BMRP Structures, Securitization, Country & Counter-party Bank LC Limits Insurance. All secured by S&P 'A+' & above rated insurers.
CARGO TRANSPORTATION & SUPPLY CHAIN INSURANCE
Offering world-class comprehensive "All Risks" insurance protection for your Transportation, Storage & Distribution risks involved in Domestic & International Trade.
You immensely benefit from extremely Strong Underwriting Capabilities, Loss Control & Risk Management Advisory Services and World-Wide Claims Services.
OUR INSURANCE SOLUTIONS
A Personalized Approach to Your Insurance Needs offering Customized Solutions
ASSETS & BUSINESS INTERRUPTION INSURANCE
Comprehensive Risks Insurance for your domestic & global Assets, Inventories & Revenues against all Accidents, Natural Disasters, Man-made Events & ensuing Business Disruptions. Policies are arranged on Reinstatement Value Basis with adequate Indemnity Period offering you a sound financial protection.
LIABILITY INSURANCE
Protect your business with full spectrum of liability insurance solutions for risks arising from your business operations, products, services, professional & fiduciary obligations and management decisions. You are financially protected against liability court awards, out-of-court settlements and including legal and defense costs & expenses.
CYBER RISKS INSURANCE
Cyber Risks is reckoned as the single biggest systemic risk businesses are going to face over the coming year with costs estimates reaching US$ 6 trillion !
Our bespoke Cyber Insurance Solutions provide you comprehensive protection against liabilities & financial business disruption losses arising cyber attacks. Risk & Loss Control Management Services offered are an immense value add !
TRADE CREDIT & POLITICAL RISKS INSURANCE
We offer a full spectrum of TCPRI solutions viz.
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Whole Turnover / Buyers Portfolio TCI Policy
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Single / Multi / Select Buyers TCI Policy
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Principal Cover / Key Account TCI Policy
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Specific Transaction TCI Policy
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Specific Contract TCI Policy
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Pre-shipment Risk / Work in Progress TCI Policy
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Advance Supplier Payment Risk TCI Policy
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Excess of Loss (XOL) TCI Policy
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Catastrophe TCI Policy
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Top-up Credit Limits TCI Policy
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LC / SBLC Non-Honoring Risk TCI Policy
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CAD / DP TCI Policy
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War, Terrorism & Political Violence (WTPV) Policy
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Capital & Investments Protection Risks Insurance
Visit our specialty website to know more:
TCPRI - RISKS COVERED
Our TCPRI solutions provide a comprehensive insurance protection against broad range of domestic & export credit risks viz.
(1) Commercial risks of :
Insolvency &
Protracted default
(2) Export & Political risks such as :
War, Civil War, Terrorism, Rebellion, Coup d’etat etc.
Government Moratorium
Confiscation
Expropriation
Nationalization
Force Majeure
Natural Disasters
Contract frustration
Currency transfer difficulties,
Inconvertibility
Public Buyer Default
Pre-shipment Credit Risks
STRUCTURED TRADE FINANCE INSURANCE
We offer a complete suite of Trade Finance Risk Hedging Solutions for Banks and Financial Institutions backed by strong S&P A+ & above rated specialist international insurers.
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Non-Payment Insurance (NPI) - including Basel II & III compliant Capital Relief solutions
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Trade Receivables Factoring Policy - Portfolio Cover and/or Select Obligor TR Portfolio Cover
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Single / Multi-Buyer Bank Factoring Policy
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Trade Receivables Securitization TCI Insurance
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Reverse Factoring or Purchase Factoring or Supply Chain Finance Trade Credit Insurance Policy
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LC / SBLC TCI Policy Country &/or Counter-party Credit Limits TCI policy
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Structured Trade & Commodity Finance Credit Insurance solutions
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Insurance - Bank Master Risk Participation (BMRP) Agreements
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Leasing / Securitization / Capital Markets Structures
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Confiscation, Expropriation, Nationalization, Deprivation (CEND) & Political Risks Insurance
Visit our specialty website to know more:
GLOBAL CARGO & SUPPLY CHAIN INSURANCE
(1) CARGO TRANSPORTATION INSURANCE:
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Cover for international & domestic cargo transportation.
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Comprehensive All Risks Insurance coverage extended to cover risks of War & Allied perils, SRCC & Terrorism, Commodities Special Risks.
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Bespoke solutions befitting your supply-chain requirements.
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Underwriting Capacity upto US$ 100 Million per shipment offered by our international insuring partners enjoying solid S&P ‘A+’ and above ratings.
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World-wide Claims Servicing infrastructure
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Value-added Risk Management & Loss Control Services.
(2) STOCK THROUGH-PUT / STORAGE INS:
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Our STP cover offers you a seamless insurance protection for your Supply Chain covering transportation, storage and distribution risks.
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Coverage for global stock storage and distribution locations including at ports and warehouses.
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Insurance coverage structured on extended Cargo All Risks terms or Property All Risks terms with optional coverage for War, Terrorism & Political Violence risks.
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Value-added Risk Management Services.
Visit our specialty website to know more:
CARGO LOGISTICS & FREIGHT FORWARDING INSURANCE
WE CATER TO ALL 3PL SECTORS :
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Logistics Operators
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Transport Operators
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Forwarder's Cargo
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Cargo Handling Facilities
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Ship Operators
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Ports & Terminals
COMPREHENSIVELY INSURING KEY RISKS :
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Liability for Cargo Loss/Damage
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Third Party Liabilities including sudden & accidental pollution
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Misdirection of Cargo costs
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Property, Equipment & Business Interruption
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Customer's Cargo Insurance Facility (Transportation & Warehousing risks)
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Loss/Damage to owned or leased equipments
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Loss/Damage to equipments, ships, aircrafts
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Damage to berth & docks
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Blockage of Port
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Wreck Removal Costs
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Disposal, Quarantine & Disinfection Costs
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Investigation, Defense & Loss Mitigation Costs & Expenses
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Political risks including War Risks on land for equipment
Visit our specialty website to know more:
CORPORATE ASSETS & REVENUES INSURANCE
WORLD-CLASS PROTECTION FOR YOUR BUSINESS :
Property / Industrial All Risks Insurance
Business Interruption Insurance
Contingent Business Interruption Insurance (Outsourced Operations, Supplier Dependency Risks, Key Customers Risks)
Deterioration of Stocks (DOS) Insurance
Machinery Breakdown (MBD) & Loss of Profits Insurance
Cyber Risks Insurance
Global Cargo & Stock-Throughput (STP) Cover Insurance
War, Terrorism, Political Violence (WTPV) Insurance
Assets are insured on Reinstatement Value Basis offering you apt financial protection to rebuild your business.
RISKS COVERED:
Natural Disasters / Acts of God (AOG) perils such as earthquake, storm, tornado, lightning, flood, tsunami, hailstorm, land-slide, avalanche etc.
Accidents such as fire, explosion, implosion, breakdown, catastrophic failure, power/voltage surge, transportation risks etc.
Man-made perils burglary, robbery, malicious damage, arson, strikes, riots, civil commotions, cyber attack
Political causes such as War, Civil War, Political uprising, Insurrection, Revolution, Rebellion, Coup, Mutiny, Terrorism, Sabotage.
LIABILITY INSURANCE
Protect your business with full spectrum of liability insurance solutions for risks arising from your business operations, products, services, professional & fiduciary obligations and management decisions. You are financially protected against liability court awards, out-of-court settlements and including legal and defense costs & expenses.
SOLUTIONS OFFERED:
Professional & Tech Liability Insurance
Commercial General Liability (CGL)
Third Party /Public Liability Insurance
Products Liability Insurance
Completed Operations Liability Insurance
Product Recall Liability Insurance
Management Liability Insurance
Director’s & Officer’s Liability Insurance
IPO Liability Insurance
Medical Malpractices Liability
Hospitals & Clinical Negligence Liability Insurance
Schools & Educational Institutions Liability Insurance
Professional Indemnity Insurance
Latent Defects and/or Decennial Liability Insurance
CYBER RISKS INSURANCE
Cyber Risks is reckoned as the single biggest systemic risk businesses are going to face over the coming year with costs estimates reaching US$ 6 trillion !
Our bespoke Cyber Insurance Solutions provide you comprehensive protection against liabilities & financial business disruption losses arising cyber attacks.
RISK EXPOSURES COVERED:
Encryption ransomware extortion
Data breach by hackers
Other security failures / unauthorized access, Virus/Malware infections
Data breach due to employee negligence
Impersonation fraud
Denial of Service Attacks
Physical loss or theft of information assets
Other cyber extortions Legal / regulatory proceedings based on violation of data privacy regulations
System failure /outrage Business Interruption
Credit Card Fraud
Financial Trojans
Phishing
Social Engineering
Mobile Fraud
Disruptions / DDOS
Blackmailing
Bank2Bank Fraud, ATM/POS Attacks, Common Attacks
CYBER RISKS COVER
Our Cyber Insurance Solutions cover your:
(1) FIRST PARTY LOSSES:
Emergency Response Costs
Event Management Costs
Notification Costs
Monitoring Costs
Recovery Costs
Diverted Funds
Business Interruption Loss
E-Threat Response Costs
(2) LIABILITY EXPOSURES:
Damages
Regulatory Fines & Penalties
Defense Costs
Investigation Costs
OPTIONAL VALUE-ADD EXTENSIONS:
Contingent Business Interruption
Outrage Business Interruption
Post-attack Revamp Advice Costs
Network Usage Fraud
PCI Non-Compliance Additional Costs
Preventative Consulting Services
Goodwill Gestures
Individual ID Protection
WHO WE ARE
PRUDENCE INSURANCE BROKERS L.L.C. is an international specialty insurance and reinsurance broker providing innovative customer-centric solutions specialized in area of TRADE CREDIT, TRADE FINANCE & SUPPLY CHAIN INSURANCE.
With our customer-focused and solution-oriented approach, we have the expertise and experience to understand, design and structure comprehensive multifaceted insurance solutions befitting risk requirements of our corporate clients across diversified industries and geographies.
Our affiliate UK entity, headquartered in London, is a Lloyds of London Broker, the centre of excellence for global insurance and reinsurance industry with a rich heritage of +300 years.
We partner with world-class financially solid S&P ‘AA’ & ‘A+’ rated US & international insurers and reinsurers to offer you state-of-the-art bespoke solutions best protecting your business and risk exposures.
CONTACT US FOR A BRIEF DIALOGUE !
OUR SERVICES
PRUDENCE provides VALUE-ADDED insurance advisory and broking services to all our clients facilitating a lucid and holistic approach to manage risk exposures and arrange comprehensive insurance protection. A brief profile of our value added professional services include:
Identification, appraisal and analysis of organizational exposures from insurance and risk management perspectives
Advising a range of apt insurance solutions (Insurance policies and Insurance Companies) available locally, regionally and internationally fully complying with the local insurance law and regulations.
Designing comprehensive Corporate Insurance Program to best meet your organizational Risk Transfer requirements.
Advising on Asset Valuation issues from an insurance perspective under various insurance policies.
Advising on and drafting comprehensive Corporate Insurance Tender and Memorandum of Understanding on Service & Procedural Standards for our clients.
Inviting and analyzing competitive quotes from selected Insurance Companies on such well designed insurance program.
Recommending ‘Ideal’ potential Insurance Company(ies) to be considered for program placement decision by our client based on its financial security and credit rating standard, operational stability, specialization, serviceability and quote competitiveness.
Placing the Insurance Program and arranging requisite insurance policies from such Insurance Company(ies) finally selected by our client.
Synchronizing Global Corporate Insurance Programs and Policies (if any) of our client with Local and Primary Insurance Policies arranged in UAE to ensure apt overall insurance protection and compliance with local insurance laws and regulations.
Timely and comprehensive Renewal Management of your Insurance Program & Policies.
Regular monitoring, control, review and update of our client’s Insurance Program and Policies and Insurance Companies to ensure apt and adequate insurance protection with continuous value added services.
Claims management & advisory services in collaboration with our insuring partners to ensure apt and timely finalization of claims.
Organizing periodical Customer Education Workshops & Seminars upon arranging insurance program and well before renewals to ensure comprehensive understanding on insurance protection at all management levels of the client.
OUR APPROACH
Risks, situations and hedging requirements vary for each respective business and keep on evolving in today’s dynamic business, economic and political world.
Our approach involves listening & understanding these clientele requirements, performing an in-depth risk analysis and aptly structure, place & service customized insurance solutions with solid AA & A+ rated Global Insurers that best befit our client requirements.
Our 5 Core Fundamental Values are :
Empathetic
Professional Integrity
Solution Oriented
Honest Advice
Sustainable Relationships
GET IN TOUCH
Contact PRUDENCE INSURANCE BROKERS LLC today! We want to take care of you and have the expertise to do so. Let us know what your specific needs are and we’ll compile the best insurance package suited to you.
101 Second Street, Suite 2200, San Francisco, CA 94105-3668
+1.415.900.8772
+1.415.900.8797