It is Time for Goa’s Small Enterprises to Re-evaluate Their Insurance Protection
Panjim, December 12, 2025: Fire incidents reported across the country, including in Goa, have highlighted the rapid escalation of such emergencies and the lack of preparedness among many enterprises. Beyond the immediate human toll, such events expose a deeper vulnerability: the ability of small enterprises to survive a severe disruption without adequate insurance protection.
Goa’s economy is powered by a diverse mix of industries including hospitality, pharmaceuticals, shipbuilding, light engineering, food processing, mining-linked ancillary units, and a growing cluster of local enterprises operating across in around Goa. Yet, despite this industrial depth, a large proportion of units continue to remain underinsured or only partially insured, leaving them exposed to fire, natural calamities, and business interruption risks.
TATA AIG’s SME Business Insurance Solutions aim to address this protection gap. The offering includes cover for fire and allied perils, machinery breakdown, and loss of income due to insured interruptions. Coverage can also be sought for employees’ hospitalization expenses due to such accidents at very reasonable price. Whether it’s a blaze triggered by an electrical short circuit in a manufacturing unit or water damage caused during firefighting operations, such policies ensure both – protection of assets and indemnity of expenses incurred for employee care. As importantly, small enterprises must regularly reassess whether their sum insured is sufficient, so that claim payouts adequately match the scale of potential losses.
Pranay Shah, Head – SME Products at TATA AIG General Insurance, said, “Small businesses are the backbone of our economy, yet they remain the most vulnerable when disaster strikes. At TATA AIG, we are committed to delivering straightforward, reliable insurance solutions that not only protect their assets but also ensure continuity of operations and safeguard the livelihoods of countless families. Our goal is to empower local businesses to face uncertainties with confidence and resilience.”
For Goa’s business community, the recent events serve as a timely reminder: in a state where industries operate in densely populated commercial and industrial clusters, comprehensive insurance is a critical pillar of risk preparedness and long-term continuity.
About TATA AIG General Insurance Co. Limited
TATA AIG General Insurance Company Limited is a joint venture company between TATA Group and American International Group (AIG). TATA AIG General Insurance Company Limited celebrates 24 years of service this year since it commenced operations in India on January 22, 2001. The Company has grown strongly to emerge as one of the preferred private general insurance companies in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for customers by delivering trustworthy and innovative insurance products, TATA AIG’s broad portfolio of protection covers for businesses and individuals, are backed by years of professional expertise in product offerings, service capabilities and seamless claims process management.
TATA AIG General Insurance Company Limited boasts a strong financial position with an AUM of INR 26,854 Cr. Its extensive distribution network covers 220+ locations, supported by 8750+ employees, including 1100+ full-time claim experts. With tie-ups with 12,000+ network hospitals, 11000+ garages. Backed by a global network of claim servicing partners and advanced technology, it consistently delivers superior customer experiences.
