Features of Plant-All-Risks Insurance Policy:
Loss or damage to plant & machinery: Provides indemnity for loss or damage to the insured’s plant and machinery.
Damage to 3rd Party Property: Provides indemnity for cost and expenses incurred for damage to adjoining property of third party resulting from use of insured plant.
Cost of Injury/Death of 3rd Party: Provides indemnity for costs and expenses for injury or death of third party resulting from use of insured plant.
Requirements
- Completed Proposal form/Brokers Slip
- Details of the Plant(s)/Machines
- Completed Know your Policyholder form
- Copy of Certificate of Incorporation for Corporate clients
- Identification document for individual/sole proprietor client (any one of the below will suffice):
- i. copy of Data Page of International Passport
- ii. copy of National Identity card
- iii. copy of National Driver’s License
- iv. copy of Voter’s Card
- Policy/Endorsement document
- Confirmation of premium payment