Insights

Business insurance: a simple method to avoid underinsurance

Underinsurance is one of the fastest ways to reduce settlement. This is a simple approach MSMEs can use without complicated calculations.

A simple method (no confusion)

Separate stock, furniture, equipment and machinery (don’t lump sum)
Use invoice/valuation basis for major categories
Update when business expands or stock type changes

Proof discipline that prevents disputes

Keep invoices + basic asset list updated
Maintain a simple photo proof folder (periodic)
Clarify business operations so wording matches reality

Local service signals

Sholavaram MSME insurance guidance • Red Hills warehouse business insurance consultant

FAQs

Can I reduce premium by lowering sum insured?

You can, but it often reduces settlement later. We align sum insured to reality so claims don’t surprise you.

M N Rajendrakumar Insurance Services

Claim-first insurance guidance for Chennai outskirts businesses — Sholavaram, Red Hills Toll belt, Madhavaram & nearby highway/industrial zones.

M N Rajendrakumar Insurance Services

Claim-first insurance guidance for Chennai outskirts businesses — Sholavaram, Red Hills Toll belt, Madhavaram & nearby highway/industrial zones.