The new insurance packages Business Silver, Gold and Platinum have been carefully designed to offer a selection of comprehensive covers and benefits specifically adapted to the needs of shops and offices. These packages are also suitable for Apartment Blocks and House Complexes provided that the ownership and use is limited to purely residential purposes.
Section A – Insured Perils (Applicable for the insurance packages Business Silver, Gold and Platinum)
• Fire, Lightning or Thunderbolt
• Bush Fire
• Short Circuit Fire
• Short Circuit
• Smoke from Fire
• Explosion
• Earthquake or Volcanic Eruption
• Storm or Tempest and Flood
• Impact on the Buildings
• Aircraft Fall
• Accidental Escape of Water or Domestic Oil or Other Liquid
• Riots, Strikes, Lock-out
• Malicious Damage
Section B– Other Covers and Benefits (Applicable for the insurance packages Business Silver, Gold and Platinum)
• Public Liability
• Architects’ and Surveyors’ Fees
• Debris Removal
• Cost for locating the cause of leakage
• Loss of Water or Domestic Oil or Other Liquid
• Accidental Damage to Neon or Other Signs or Tents
• Accidental Damage to External Aerials and Security Systems
• Accidental Fall of Trees or Poles
• Buildings Guard
Section C – Other Covers and Benefits (Applicable for the insurance packages Business Gold and Platinum)
• Theft by actual forcible and violent entry to or exit from the Buildings
• Accidental Breakage of Mirrors
• Money at the Buildings
• Money in Transit
• Personal Accident during Theft or Transfer of Money
• Goods in Transit
• Fidelity Guarantee
• Employees’ Personal Effects
SectionD – OtherCoversandBenefits
(Applicable just for the insurance package Business Platinum)
• Alternative Accommodation
• Accidental Damage to Office Electronic Equipment
• Damage to Frozen Goods
• Loss of Profits (OptionalCover)
Fire Insurance for commercial property provides cover against destruction of or damage to the buildings, stocks, goods held in trust, machinery, fixtures and fittings, office equipment and other contents, caused by any of the following perils:
Fire or lightning
Earthquake
Explosion
Aircraft
Impact by any road vehicle
Riots and strikes
Malicious damage
Storm and tempest
Flood
Bursting of pipes or overflowing of a water tank
Consequencial Loss
This type of cover is provided as supplementary to Fire Insurance for commercial properties. The intention is to compensate the Insured for Loss of Profit, following the occurrence of any of the perils covered under the Fire Insurance.
Theft
Theft Insurance provides cover against loss of or damage to stocks, goods held in trust, machinery, furniture, fittings, office equipment and other contents, caused by actual forcible and violent breaking into or out of the premises or any attempt thereat. This insurance also provides cover against damage to the buildings caused during the breaking into or out of the premises.
Marine
Marine Insurance provides cover against maritime losses to cargo transported either by sea or by air, including land transit. Various types of cover are available, ranging from the wider “All Risks”, which also provides cover against loss caused by fire, theft, collision, sinking and other perils, to specified risk covers only. Insurance is also provided for Pleasure Craft, covering own damage as well as third party liability risks
Employers’ Liability
Employers’ Liability Insurance provides the minimum compulsory cover required by law in respect of the insured’s liability for accidents or occupational diseases caused to any employee during the course of his employment
Public Liability
Public Liability Insurance provides cover against the legal liability of the Insured in respect of bodily injury or property damage to third parties. Compensation is also provided for the legal fees of third parties
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Business Silver, Gold & Platinum