BUSINESS
PROPERTY
Fire and Allied Perils

This policy will compensate you for financial damages caused by fire to your buildings and outbuildings, stock in trade, plant and machinery, fixtures and fittings and others. The compensation is provided specifically for damages caused by:

  • Fire and Lightning
  • Explosion of Gas or Boilers used for domestic purposes
  • Earthquake, Subsistence, Shock, Landslip, Storm, Tempest, Tsunami, Floods and other natural perils
  • Impact by moving objects
  • Aircrafts
  • Riots, strikes and malicious damage
  • Water damage by bursting or overflowing of water tanks, apparatus or pipes

When you take this policy, you will also enjoy cover against the following risks:

  • Bush fires
  • Explosions
  • Storm, tempests or floods
  • Aircraft and other aerial devices and / or articles dropped on the property
  • Impact caused by road vehicles, horses or cattle
  • Subterranean fires
All Risks

This policy covers accidental loss or damage to insured items from any cause other than those specifically excluded on the policy. It usually applies to high valued portable items.


Usual items which can be covered under this policy are valuables, electronic items, jewellery, photographic & video equipment, laboratory equipment, etc.,


All types of losses or damage are payable except those which are specifically excluded under the policy. 

Electronic Equipment

This policy will provide a comprehensive coverage for your electronic equipment. It will indemnify you against the physical loss or damage to all electronic equipment and data media as well as the increased cost of working.


This policy covers accidental, unforeseen and sudden physical loss or damage to electronic equipment (Including system software) against sudden & unforeseen physical damage by any cause or peril which are not subject of exclusions, listed in insurance conditions. Subject of insurance are individual pieces of equipment or computer and data processing equipment of the Insured.

Money

This policy covers insured’s estimated annual cash transfers against any accidental loss or theft/housebreaking. The money insured includes current coins, banks and currency notes, cheques, postal orders, and current postage stamps.  However, per transit or in premises basis limits are set under the policy.


The cover under this policy is available when:

Money is drawn for the payment of wages, salaries and other earnings or for petty cash and in direct transit from the bank to the insured premises.

Money other than described in item (1) in the personal custody of the insured or the authorised employees of the insured whilst in direct transit between the insured’s premises and the bank or post office.

Money other than described in 1 and 2 collected by and in the personal custody of the insured or the insured’s authorised employees  whilst in transit to the premises or bank within a period not exceeding 48 hours from the time of collection

Money which is in the insured premises or safes in the insured premises and damages to safes in the event of theft or attempted theft.

Burglary

This policy ensures any financial losses arising out of loss/damage to your insured property due to theft/burglary is indemnified.


For any claim to be payable, the financial loss should be as a result of violent/forcible entry or exit into the insured premises. 


This policy can be insured on first loss basis as well, which will ensure cost saving as a result of discounted premiums.

For more information