The Information given below is intended to provide a guideline as to the scope of cover offered by each policy and is not exhaustive of the terms, conditions and exceptions which would form the entire document.
For all classes, insurers are interested in your claims experience, previous insurance (s), the physical hazard of the site or location and the owner (s). We should warn that every policy has standard exclusions.
Personal All Risks
Covers “all risks” of loss or damage to valuable personal items, eg. cameras or jewelry.
For Office & 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 Premises
Covers against the financial losses that follow a loss event eg. cost of renting alternative premises, working overtime and so on.
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 pickups and motor trucks.
Commercial vehicles fall into two categories:
Private carrier – used for carriage of the proprietor’s own goods.
Public carrier – used for the carriage of goods for hire or reward.
Commercial All Risks
For Office, Commercial Premises, Condominiums, and Hotels
Covers accidental loss or damage, including Fire and the Allied perils, Burglary, Housebreaking, and Theft.
Insurers are specially interested in the security arrangements in place.
Computer All Risks
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).
Contractors All Risks
For Construction Projects
All risks of physical loss or damage to the property that is under construction.
Insurers are particular 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.
For Anyone With Employees
Covers the Insured’s legal liability to their employees with respect of accidental death, bodily injury or disease arising out of and during the course of their employment. (It does not replace Health 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 check.
Fire and Perils Policy
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.
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 especially interested in the travel route and the type of goods being transported.
Loss Of Profit
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 Money, Cash, Cheques And The Like
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 Anyone Who Interacts With Or Provides Services To The Public
Covers the insured’s legal liability for death or bodily injury sustained by other persons caused by the negligent acts arising from the operation of the insured business.