Insurance Programme Design
One Plan For Every Risk You Carry
A collection of policies bought at different times is not the same as an insurance programme. Insurance programme design starts with your business, not with products: what you own, what you owe others, what could stop your income and what your contracts demand. MILES maps those exposures, sets sensible limits and deductibles, chooses the right policies, places them with suitable insurers and keeps the whole structure on one renewal calendar, with a clear protocol for when something goes wrong.
How We Build Your Programme
Exposure Mapping
We list your assets, income, liabilities, people and contracts, and rank each exposure by likelihood and financial impact.
Limits And Deductibles
We set sums insured, liability limits and deductibles that match your balance sheet rather than habit or last year's schedule.
Policy Selection
We choose the right policy form for each risk and avoid gaps and overlaps between property, liability, marine and people covers.
Market Placement
We present your risk to suitable insurers, compare wordings and price, and negotiate terms before any policy is bound.
Renewal Calendar
We align or stagger expiry dates deliberately and start each renewal early, so nothing lapses and nothing is rushed.
Claims Protocol
We agree in advance who calls whom, what evidence to keep and how losses are reported, so claims start correctly.
What is insurance programme design?
Insurance programme design is the process of building a coordinated set of policies around a business’s real exposures, with limits, deductibles and insurers chosen deliberately. The result is one structure that covers property, income, liability, goods and people without gaps or duplication.
It is the most complete of the services listed under our insurance solutions, and it usually follows an insurance audit of what you already hold.
Who needs a designed programme
- Growing companies that have added plants, warehouses, offices or subsidiaries and now hold a patchwork of policies.
- Real estate developers and contractors with several projects at different stages.
- Exporters and importers whose contracts, letters of credit and lenders set insurance requirements.
- Companies preparing for investment, listing or bank finance, where lenders and investors will scrutinise cover.
How a programme is built
1. Mapping exposures
We begin with a structured conversation and document review. What do you own and where? Which suppliers or customers would stop your income if they had a fire? What liabilities do your contracts transfer to you? Who travels, who handles cash, who signs off decisions? Each exposure is ranked by how often it could happen and how much it would cost.
2. Structuring limits and deductibles
Limits should reflect realistic worst cases, not round numbers. Property sums insured are set on reinstatement values; loss-of-profit cover uses a considered indemnity period; liability limits look at contract requirements and the scale of harm you could cause. Deductibles are set at a level your cash flow can absorb, which often reduces premium without adding real risk.
3. Choosing policies
The table below shows how typical exposures map to policy types. The right choice depends on size, occupancy and what insurers will offer for your risk.
| Exposure | Typical policy options |
|---|---|
| Buildings, plant, stock | Standard Fire & Special Perils, Bharat Sookshma or Laghu, or Industrial All Risk for larger sites |
| Income after a loss | Fire loss of profit, machinery loss of profit |
| Machinery and electronics | Machinery breakdown, boiler and pressure plant, electronic equipment |
| Projects under construction | Contractors’ all risk, erection all risk, advance loss of profit |
| Goods in transit | Single transit, marine open cover, sales turnover policy |
| Claims by third parties | Commercial general liability, product liability, public liability |
| Management and advice | Directors & officers, professional indemnity, cyber |
| Employees | Group health, group personal accident, group term life, employees’ compensation |
4. Placing with insurers
We prepare a proper submission with values, site information, survey reports and claims history, then approach insurers whose appetite suits the risk. Quotes are compared on wording, deductibles, sub-limits and service, not only price. Large risks may be shared between insurers, with one leading and others following on the same terms.
5. Setting a renewal calendar
Some clients prefer all policies to expire on one date for simplicity; others stagger renewals to spread workload and cash outflow. Either way, we fix the calendar, begin each renewal well before expiry and update values every year.
6. Agreeing a claims protocol
Before any loss, we agree a short protocol: who in your team reports what, the first steps to protect property and evidence, which documents to keep, and how quickly insurers must be told. A well-started claim is easier to settle.
How MILES helps
- Independent advice: as a broker we act for you, and we place cover across 16+ insurers rather than one.
- Value checks: we challenge sums insured and indemnity periods so the average clause and short indemnity periods do not bite.
- Wording control: we compare and negotiate policy wordings, extensions and warranties before binding.
- Risk improvement: we link the programme to risk inspections, so better protection shows up in better terms.
- Claims support: with 500+ property claims settled, we stay with you from first notification to final settlement.
What we need to get started
- A short description of your business, group structure and locations.
- Current policy schedules and wordings.
- A fixed asset register, stock levels and annual turnover.
- Key contracts, leases and loan documents with insurance clauses.
- Claims history for the last three to five years.
We will then propose a programme structure, a placement plan and a timeline that fits your existing renewal dates.
Cover, exclusions and premiums depend on the insurer’s policy wording and underwriting. MILES Insurance Brokers Pvt. Ltd. is an IRDAI-licensed direct broker (Life & General, Reg. No. 954); the insurance is issued by the insurer. Insurance is the subject matter of solicitation.