Property • Loss of Profits • Burglary • Commercial Vehicle • Computer • Employers Liability • Fidelity Guarantee • Goods in Transit • Money • Plate Glass • Public Liability • Property – All Risks • Contractors, Equipment & Machinery
For commercial or personal buildings and contents the major perils covered are fire, lightning, explosion, storm, windstorm, earthquake, hurricane, flood, malicious damage, impact and overflowing or burst water pipes. For this cover insurers are interested in the use of property, the fire protection in place, the construction of the buildings and the flood risk.
Loss of Profits
For business interruptions covers loss of profit due to a reduction in turnover, consequent upon damage at the insured premises by fire and allied perils as per the fire policy.
For office and commercial premises covers loss or damage to the Insured’s property as a result of theft or attempted theft (following forcible or violent entry to or exit from the premises) including hold-up.
For commercial use vehicles that are not used for social, domestic and pleasure purposes only. Any type of vehicle that is used for the carriage of goods is considered a commercial vehicle. Examples of these vehicles are not limited to only pick ups and motor trucks.
For computer and other electronic equipment in commercial premises covers “all risks” of loss or damage to the equipment listed (includes additional covers for Data media and Increased Cost of processing after an insured event)
For anyone with employees this covers the insured’s legal liability to their employees in respect of accidental death, bodily injury or disease arising out of and during the course of their employment. (Remember employers liability does not replace Medical or Accident Insurance)
For anyone with employees covers the direct pecuniary losses which results from acts of fraud and dishonesty committed by employees. Insurers are especially interested in the persons handling the cash and the system of supervision and checks and balances.
Goods In Transit
For goods in the course of delivery covers all risk of physical damage to goods or property belonging to the Insured or for which they are responsible whilst the items are in transit. It also covers the items whilst they are temporarily housed in the course of transit. Insurers are specially interested in the travel route and the type of goods being transported and the security measures in place.
For money (cash, cheques and the like) in transit provides cover for the loss of money generated in the business whilst on the premises or in transit to or from the bank. Cover includes hold-up and damage to your safe. Insurers are interested in the size of lodgments, who takes the money to the bank, the precautions taken, the method of transportation and the security of the premises.
For glass in buildings covers accidental breakage of fixed glass.
For construction projects covers all risks of physical loss or damage to the property that is under construction. Insurers are particularly interested in previous jobs completed satisfactorily, physical hazards of the construction, the duration of contract, security of the contract site and the type of contract work.
Property – All Risks
The major perils covered are fire, lightning, explosion, storm, windstorm, earthquake, hurricane, flood, malicious damage, impact and overflowing or burst water pipes. For this cover insurers are interested in the use of property, the fire protection in place, the construction of the buildings and the flood risk.
Contractors Equipment & Machinery
Covers all risks of physical loss or damage to the property that is under construction.