Industrial All Risks Insurance Policy
The policy provides comprehensive All Risks coverage under two sections namely material damage and business interruption which include accidental damage to machinery or boilers or electronic equipment, fire and related perils, burglary and resulting business interruption with an option of loss of profits aligned to material damage.
Fire and Related Perils
Fire insurance policy is packaged to cover loss or damage to property arising out of fire and related causes. The insurer will cover cost of replacing, reconstructing or repairing the property.
The following perils are covered under fire insurance:
Fire, Bush fire, Explosion/Volcanic eruptions, Leakage from Automatic Sprinkler Installations, Riot, Strike & Malicious Damage, Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood & Inundation, Bursting and/or overflowing of Water Tanks, Apparatus and Pipes, Impact Damage, Missile testing operations, Earth quake cover, Subsidence and Landslide including Rock slide just to mention.
In addition to Fire and related perils, clients are encouraged to add the riders listed below to provide an all-round coverage to their property.
- Electronic equipment insurance
- All Risks insurance
- Machinery break down insurance
- Fidelity Guarantee insurance
- Plate glass insurance
- Money Insurance.
- Burglary insurance
Burglary Insurance Policy
The policy covers burglary incidences conducted through violent or forceful entry into/exit out of a business premise or house and hold-up. The cover caters for stock in trade, machinery, goods held in trust, furniture, fittings and fixtures.
Motor Commercial Insurance
Commercial motor insurance secures the owners of vehicles, such as public service vehicles, vans, buses, taxis, tour vehicles, trucks and trailers which are used for business against possible physical damage and liabilities that may actualize in the event of an accident. We also have well priced and packaged special types covers for graders, tractors etc.
Terrorism and Sabotage Insurance
This cover is essential for commercial businesses, property owners and motor vehicles; commercial or private. We have partnered with formidable insurance companies to offer you Terrorism and Sabotage Insurance designed to insure damage to a business’ buildings, profits and its people, incorporating extensions for Non-Damage Business Interruption due to political, ideological or religious reasons.
Money Insurance
Provides cover for loss of money while in the premise or while in transit.