DrinkPrime
₹40 crore in potential losses averted
DrinkPrime, an IoT-enabled water-purifier manufacturer, carried a hidden risk in its previous policy — a misclassified business and exposed assets. Onsurity’s deep-dive risk assessment corrected the fundamental errors, delivering 360° business cover, 100% audit compliance, and an estimated ₹40 crore in averted losses.
Estimated losses averted from damages, penalties and lawsuits
Business cover — asset, people and liability
Audit compliance
The challenge
Where DrinkPrime started
DrinkPrime’s previous policy carried a misidentification of the underlying risk.
There was no protection against fire or burglary.
There was no protection against environmental penalties.
A wrong declaration on the “nature of business” left the entire policy on shaky ground.
The solution
How Onsurity solved it
Onsurity performed a deep-dive risk assessment, correcting the fundamental errors in DrinkPrime’s coverage. That due diligence and subject-matter expertise helped DrinkPrime save an estimated ₹40 crore in financial losses from damages, penalties and lawsuits.
Accurate classification of business occupancy, fixing the flawed “nature of business” declaration.
Comprehensive business protection with 360° coverage across asset, people and business.
Health protection for contractual employees against medical emergencies.
The outcome
The results speak for themselves
DrinkPrime went from holding insurance as a mere paper promise to a legally sound safety net — the certainty that its infrastructure and people are genuinely protected against real-world risks, from natural calamity to audit scrutiny.
Estimated losses averted from damages, penalties and lawsuits
Business cover — asset, people and liability
Audit compliance
“The team at Onsurity moved quickly to correct the policy terms and ensure our assets were accurately valued. This precise risk assessment was a game-changer; had we continued with the old policy, a claim event would have resulted in significant unrecoverable damages.”
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