Property insurance protects against financial loss from damage to or theft of structures and personal belongings. Perils covered include among others fire, theft, flood, and earthquakes. It is essential to safeguard our major investments and often this insurance cover is required by lenders and financiers. Cover can also be extended to cover Business Interruption (BI) or Loss of Profits (LOP) resulting from an insured peril.

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
  • Riots, strikes and malicious damage
  • Water damage by bursting or overflowing of water tanks, apparatus or pipes

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.  The usual items which can be covered under this policy include, electronic items, jewellery, photographic & video equipment, laboratory equipment, etc.

Electronic Equipment

This policy will provide 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.

Money

This policy covers insured’s annual cash transfers or carryings against any accidental loss or theft/house or office breaking. The money insured includes current coins, banks and currency notes, cheques, postal orders, and current postage stamps.  The policy covers among other circumstances the following:

  • Money 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/directors 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/directors 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 covers any financial losses arising out of loss/damage to the insured property due to theft/burglary.
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 or full value loss basis.

Fidelity Guarantee

This policy insures your business against any loss of money and/or stocks in-trade caused by any act of forgery, embezzlement, larceny or fraudulent conversion committed by an employee (or several) whilst employed in the capacity set by their designation.