Insurance on Cargo
It covers the loss of cargo and other property caused by almost all kinds of risks related to marine transportation.
Marine hull insurance
It covers the loss of the whole ship including hull, equipment, and fittings and handles legal expenses which the insured are obliged to pay in case of crash.
The refund guarantee provides a ship buyer with a 100% guarantee to insure against any loss in the event the shipbuilder fails to perform its obligations as stipulated in the underlying contract.
Transit insurance is a sort of section insurance which covers risks occurring in transit of freight in designated area like marine cargo insurance.
There are two sorts of flight insurances. Airline insurance covers the risk of two national airlines - Korean Airline and Asiana - and general aviation insurance covers the risk of helicopters used by police, broadcasting station, or firehouse.
Workmen's Compensation Insurance
Workmen's compensation insurance covers the loss of the legal compensation which the employer of the insured company assumes according to Labor Standard Law, Industrial Disaster Law, and Seamen Act. It also covers the legal liability of reparation which employer assumes according to civil law.
Farm Produce Reinsurance
Farm produce reinsurance covers the damage of crops caused by natural disaster.
Animal insurance covers the loss which contractors suffer from the accident of insured animals.
Legal Expense Insurance
Legal expense insurance covers the legal expense in case the insured abandons legal procedure due to the high legal cost. Individual insured can deal with insurance disputes against professional insurance institutions or insurance defrauders using counter insurance.
Forest insurance covers the huge loss of forest with a low premium, contributing to the territorial integrity.
Burglary insurance covers the direct damage of insured objects including movables, cash, and securities caused by intruder, thief, or burglar while those objects are taken custody in the place designated by insurance policy.
Fish Farming Insurance
Fish farming insurance is an economical plan for the exposure to dangers beyond control as a result of the environmental pollution, global warming, and a failure of management.
Weather insurance covers for damages caused by cancelled events or spoiled vacation due to rain or inclement weather.
Contingency covers expenses in case insured company offers premiums on specific condition as a way of marketing strategy.
Travel Accident Insurance
Travel accident insurance compensates for damages to third parties as well as injury and disease on travel. It also covers expenses caused by the damage of mobile phones, hijacking, and other special losses.
S D A
SDA compensates for workers' death or injury and property damages resulting from terrorist outrages in conflicted areas.