Notice to Shareholders read more
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Notice to Shareholders read more
Covers loss of or damage in delivery of goods carried by the insured which occur during carriage and within the period of insurance from the moment the goods are loaded on the carrying conveyance until the time of delivery and the carriage is performed by the carrying conveyance specified in the Schedule.
The Burglary and House breaking policy ensures the insured party is compensated for loss arising from property theft or malicious damage within the premises. There must be forcible entry into or exit from the premises, or a violent break-in for this policy to offer compensation. The policy will also cover the costs of repairing damages to the premises arising as a result of theft.
The Inland Transit Risk policy covers loss, destruction or damage to goods by accidental means or named perils whilst in transit and on land be it by e.g.: lorry, train or any other land conveyance or whilst temporarily housed in the ordinary course of transit; and within the territorial limit.
Covers the accidental loss or damage of fixed plain glass and mirrors in or on the premises of the insured, where such glass is situated and as expressly stated in the Schedule. The policy is ideally suited for all business establishments that have plate glass installed to enhance aesthetic appeal.
Consequential loss is a kind of collateral damage incurred due to an injury to the equipment, property, or any tangible unit. It is an indirect loss that cannot be compensated even when the damaged unit is covered under the insurance.
Also known as ‘business interruption’ insurance, this coverage reimburses the insured for costs arising from the loss of business as a result of damaged facilities or equipment. Examples are: losses arising from turnover reduction; fire; spoilage; decrease; layoffs amongst others.
The Burglary and House breaking policy ensures the insured party is compensated for loss arising from property theft or malicious damage within the premises. There must be forcible entry into or exit from the premises, or a violent break-in for this policy to offer compensation.
The policy will also cover the costs of repairing damages to the premises arising as a result of theft.
Marine Inland Transit policy covers the insured policyholder’s properties/goods such as raw materials, machinery etc during transit as per the contract. The policy covers against theft, fire, or damage incurred directly as a result of:
This policy covers insured employees against death or bodily injury by accident or occupational diseases, and when it has occurred at their assigned place of work; or arising from their work and during the time of them carrying out their duties.
The Group Personal Accident policy covers the insured against any bodily injury caused by violent, accidental, external and visible means which injury shall independently of any other cause be the direct and immediate cause of:
Covers unforeseeable and sudden physical loss of or damage to the insured items, necessitating their repair of replacement. Loss or damage covered under the policy is mainly due to one of the following causes:
An ‘all-risk’ policy that covers every hazard is not specifically excluded. This means that almost any sudden and unforeseeable loss or damage occurring during the period of insurance to the property insured on the building site, will be indemnified. The most important causes of losses identifiable under CAR insurance are:
Contractors’ Plant and Machinery
Electronic Equipment Insurance
It is essentially an “Accident Insurance” on “All Risk” basis for electronic equipment. It thus covers losses which arise suddenly enforceable and materially affect the subject matter insured, necessitating repair or replacement.
Machinery Breakdown.
All Risks policy is a property insurance covering loss arising from any fortuitous cause except those that are specifically excluded. This is in contrast to named perils coverage, which applies only to loss arising out of causes that are listed as covered.
Covers the insured property against loss or damage caused by an accident or misfortune.
The Public Liability policy covers legal liability of the insured against bodily injury or illness of any person; or loss of or damage to property, occurring within the territorial limits stated in the policy. It also has to be as a result of an accident and/or happening caused and as described in the policy of risk.
Covers the insured against the legal liability to pay damages in respect of accidental:
The Professional Indemnity policy covers the insured against liability at law in respect of any claim, or claims arising from negligence or breach of professional duty, court judgments, defence costs, loss of documents, fees and expenses. This policy protects professionals from court judgments, defence costs, loss of documents and/or fees and expenses arising from lawsuits.
Covers loss of money sustained as a result of fortuitous circumstances including through unlawful acts of other persons such as burglars or thieves. In addition, it gives cover to loss of or damage to any safe or strong room belonging to the insured, and caused by burglars or thieves.
The Fidelity Guarantee insurance policy covers loss incurred by a business through any acts of fraud or dishonesty committed by an insured employee. It helps to safeguard any business against theft of money, securities or property by an employee, partner, contractor or volunteer. FGI is also known as first-party fraud, theft or employee dishonesty cover. It protects the business and enables it to continue trading following a fraudulent act.
This type of insurance covers all risks affecting floriculture plantations, irrigation and fumigation equipment.
The Political Violence and Terrorism (PVT) policy offers Indemnity against loss and or damage to property; business interruption arising from sabotage; terrorism; mutiny; rebellion; insurrection; and a coup d’état. It mainly covers machinery, loss of profit, stock in trade, motor vehicles, and buildings
