Goods-in-Transit Insurance

January 29, 2014 | posted in: All General Business Policies | by

This is a product that is specifically designed to ensure that persons/companies engaged in the movement of goods from one location do not suffer financial loss as a result of loss of or damage to insured goods/properties between their point of loading and discharge of goods or otherwise in the course of transit. Scope of Cover: The company..

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Fire & Special Peril Insurance

January 29, 2014 | posted in: All General Business Policies, General Menu | by

This policy covers material damage caused by fire, lightening and explosion to insured properties. Cover under this class of insurance can also be extended to cover the allied perils of flood, bursting, leaking or over-flowing of water pipes, apparatus and tanks, storm damage, riots and strikes as well as malicious damage. Exclusions: This policy does..

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Fidelity Guarantee

January 29, 2014 | posted in: All General Business Policies | by

This policy protects organizations againat financial consequences of dishonest act or infidelity of your employees, whether the act involves loss of cash, stock or other items of financial value. Requirements: The categories and number of employees to be insured. The aggregate amount to be guaranteed during any one period of insurance – this means the volume..

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Plant All Risk Insurance

January 29, 2014 | posted in: All General Business Policies | by

This provides cover for the insured properties against “All Risks” of direct physical loss or damage from any accidental cause to the insured plant and equipment. Some of the perils excluded include loss or damage caused by: mechanical or electrical failure or over-heating of the insured plant; loss or damage to any item due to its..

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Machinery Breakdown Insurance

January 29, 2014 | posted in: All General Business Policies | by

This class of insurance provides indemnity to the insured for losses arising out of the insured machine sustaining unforeseen and sudden damage from any cause other than those contained in the exclusions. This cover is effective while the insured machine is at work or at rest or while being dismantled for the purpose of cleaning, inspection and..

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Contractors’ All Risk Insurance

January 29, 2014 | posted in: All General Business Policies | by

This cover provides financial protection against All Risk loss of or damage in respect of the Contract Works (building in course of construction), Construction Property, Equipment/Machinery, Temporary Buildings as well as Third Party liabilities caused by the construction project. The policy can be issued in the name of the contractor only or, contractor, sub-contractor and the principal.

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Computer (Electronics) Insurance

January 29, 2014 | posted in: All General Business Policies | by

This policy is more of an all “All Risk” cover which compensates the insured for losses incurred under various perils e.g. Fire & special perils, Burglary /Theft and Machinery Breakdown policies etc. In addition, the risks of breakages, smoldering, charring, loss of data and increased cost of working can be covered if required at additional..

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Burglary Insurance

January 29, 2014 | posted in: All General Business Policies, General Menu | by

This class of insurance offers compensation to the Insured for loss of or damage to insured property following theft accompanied with forcible or violent entry or exit. This insurance is available to cater for misfortune as a result of theft of any of the insured items.

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Motor Trade

January 29, 2014 | posted in: All General Business Policies, Motor Menu | by

The object of this class of insurance is to indemnify for accidental loss of or damage or theft to vehicles while being driven by the insured or other persons carrying out any legal activity with the insured’s consent. This insurance also relieves the insured of providing financial compensation for third party bodily injury or property..

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Third Party, Fire & Theft

January 29, 2014 | posted in: All General Business Policies, Motor Menu | by

The object of this class of insurance is to indemnify for accidental loss of or damage or theft to vehicles while being driven by the insured or other persons carrying out any legal activity with the insured’s consent. This insurance also relieves the insured of providing financial compensation for third party bodily injury or property..

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Authorised and Regulated by the National Insurance Commission (RIC 023)