Bondada Group - Senior Manager - Insurance

Job Title: Insurance Manager.

Reporting To.

Head - Administration.

Job Summary:

- The Project Insurance, Marine Insurance & WC Manager will be responsible for managing and administering all aspects of insurance policies related to projects, marine transit, and workmen's compensation.

- This role ensures that appropriate insurance coverage is maintained, claims are handled efficiently, and compliance with local and international laws and corporate standards is ensured.

Key Responsibilities:

- Insurance Strategy & Management.

- Develop, implement, and monitor insurance strategies across project lifecycles.

- Ensure adequate and cost-effective coverage for construction/all-risk, project-specific insurance, marine cargo, and workmen's compensation policies.

- Evaluate risk exposure and recommend insurance solutions accordingly.

- Marine Insurance.

- Manage marine cargo insurance including inland and international shipments.

- Coordinate with logistics, procurement, and shipping teams to ensure timely and correct coverage.

- Handle claims arising from transit losses or damages.

- Workmen's Compensation (WC).

- Ensure appropriate WC coverage is in place across sites.

- Liaise with HR and contractors to verify WC compliance for employees and subcontracted labor.

- Process WC claims and liaise with insurers for speedy settlements.

- Project Insurance (CAR/EAR/DSU etc.

- Oversee procurement and renewal of Contractor's All Risk (CAR), Erection All Risk (EAR), Delay in Start-Up (DSU), and other project-related policies.

- Ensure that all stakeholders (vendors, subcontractors) are appropriately covered or indemnified.

- Claims Management.

- Coordinate and manage claims including documentation, negotiations, and settlements.

- Serve as the liaison between internal stakeholders and insurers/loss adjusters.

- Maintain a database of all claims and regularly update management on their status.