SOME OF OUR LOCAL PARTNERS

   

SOME OF OUR INTERNATIONAL PARTNERS


 


SMALL & MEDIUM ENTREPRISES PRODUCTS


FIRE AND ALLIED PERILS

This policy covers the physical capital represented by your Building and Contents. The cover provides indemnity against loss or damage to property caused by:

BURGLARY

Burglary covers loss or damages by theft involving entry or exit from a building forcibly and through violence means or any attempted threat provided there are visible marks made on the premises at the place of such entry or exit by tools , explosives electricity or chemicals.


PUBLIC LIABILITY

Provides cover for all sums, which the insured shall be legally liable to pay as damages for accidental bodily injury and or damage to property of third parties including Law costs and expenses incurred with the written consent of the company arising out of the negligence of the insured.


ALL RISKS

This policy covers the property of the insured whilst at any location and in any situation when the territorial scope specified in the schedule of the policy against any accident, fire, theft or other misfortune subject to certain exclusions such as mechanical or electrical breakdown.


MONEY INSURANCE

Provides cover for loss or destruction of or damage to money belonging to the insured or for which he is responsible for by any cause whilst being conveyed by an employee or other authorised person or in the insured premises or in bank night safe.

In addition it covers loss of or damage to the safe or strong room of the insured as a result of theft or attempted theft of money.


PRODUCTS LIABILITY COVER

Cover is provided in respect of the Insured's legal liability as a result of accidental injury to any person or loss of or damage to material property caused by the nature, condition or quality of any of the Insured's products that have been sold or supplied from within Kenya. Note that the products must have passed out of the control or actual physical custody of the Insured or anyone in his direct service.

The cover will also apply automatically to goods sold or supplied prior to inception providing the incident giving rise to the claim occurs during the period of insurance.

 

WORK INJURY BENEFITS ACT (WIBA)

Provides cover against liability at Law under the workmen's compensation act (Cap 236) laws of Kenya for damages in respect of bodily injury by accident or disease caused to employees up to 8 years salary.


EMPLOYERS LIABILITY (COMMON LAW)

Provides cover against legal liability under common law for damages and claimants cost and expenses of litigation in respect of bodily injury by accident or disease to employees arising out of and in the course of their employment directly related to breach of common Law or statutory duty.

It also provides indemnity in respect of all costs and expenses incurred by the employer wit the company's written consent subject to the terms jurisdiction clause, exceptions conditions and warranties of the company's employer's

CONSEQUENTIAL LOSS

This policy is issued in conjunction with fire material damage policy. It protects the earning capacity of that capital by making good loss of your net profit, enabling you to meet overheads and defraying increase in expenditure.

The cover provides indemnity against loss of gross profits following reduction in turnover
(or other appropriate standard) e.g. Rent receivables and the increased cost of working necessarily incurred to maintain or restore turn over, (as for example renting temporary premises, having work done elsewhere, overtime or extra labour and special advertising) resulting from a peril covered under the attendant fire policy.


HOME INSURANCE / DOMESTIC PACKAGE

This cover provides indemnity to the insured house and or contents against loss or damage due to fire burglary storm water damage, earthquake and other related perils.

The policy is extended to cover liability at law including liability under workmen's compensation (Act limits) legislation in force in Kenya in respect of domestic servants employed at the private residence.


CONTAMINATED PRODUCTS INSURANCE

Food Drinks, Cosmetics, Pharmaceutical and Tobacco Products are susceptible to contamination, both accidentally and / or by deliberate interference through malice for political or financial gain. Incidents as the discovery of contaminated pharmaceutical drugs in Kenya are increasingly common and, when they occur, attract media interest, which can have disastrous impact on the public's confidence in the affected product.


FIDELITY GUARANTEE

This policy indemnifies the insured against loss of money or goods (their own for which they are responsible) as a result of dishonesty by their employees.

The policy cover is not limited to the loss of money or a goods belonging to the employer through acts of fraud or dishonesty but applies also to money or goods of clients or customers for which the employer may be responsible in the normal course of the business.

The following policies are issued

a) Individual policy: This type of policy is issued where one employee is covered by name

b) Collective policy: Named collective or unnamed collective

c) Blanket policy: A form of unnamed policy which includes all employees without showing names or positions d) Positions policy: This is usually issued for local government guarantees. Instead of using names, the position is guaranteed for a specific amount.


BUSINESSMAN'S COMBINED INSURANCE COVER/ OFFICE COMBINED

This policy is designed for light industries and small business enterprises. It provides a wide range of selected risks to cover under ONE POLICY with ONE RENEWAL DATE.

The cover is provided under ten sections. Fire and perils plus four additional sections must be taken if this cover is to be issued.

PROPERTY TERRORISM AND SURBOTAGE INSURANCE

This has been designed to cover the sabotage terrorism, mutiny insurrection an coup d' Etat (excluding war and civil war) risks faced by multinational companies operating in countries where these risks are normally excluded from standard insurance programmes. Coverage for strikes, riot and civil commotion can be included by endorsement.


STOCK FLOATER POLICY

This policy provides cover for all stocks against loss or damage by Fire and allied perils whilst stored in the insured's owned or leased premises or in transit anywhere in Kenya.


COMPUTER MATERIAL DAMAGE

This policy covers accidental damage including mechanical and electrical breakdown of computers, installation and peripheral equipment.

The policy does not cover mechanical and electrical breakdown if a manufacture's service maintenance contract is not in force. The sum insured should represent the new replacement value of the computer installation including the cost of freight, installation and customs dues.

 

MACHINERY BREAKDOWN

This cover is suitable for installed plant and machinery including lifts. The policy covers sudden and unforeseen mechanical and electric break down extended to include extraneous damage.

The sum insured should represent the new replacement value of the machinery including the cost of freight, installation and custom dues.


MACHINERY BREAKDOWN (LOSS OF PROFITS)

The policy covers loss f gross profit or revenue plus incresed cost of working with the economic provision following indemnifiable damage to machinery covered under the machinery breakdown.

Engineering Insurance

The company also offers covers on various classes of engineering insurances as follows:


ENGINEERING.

 

a) Boiler and Pressure vessels

Damage to or Injury caused by explosion or collapse of boilers or other pressure plant.


b) Machinery Breakdown

Damage to machinery resulting from sudden unforeseen causes.


c) Loss of Profits

Loss of profits following damage to insured machinery.


d) Computer

Accidental damage to the computer installation including Peripheral equipment and software.


e) Contractors and Erection All Risks

Damage to contract work.


• Contractor's All Risks (CAR) Insurance

This insurance provides comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and/or construction machinery as well as against third party claims in respect to property damage or bodily injury arising in connection with the execution of the contract.


• Erection All Risks (EAR)

This insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well as third party claims arising from the execution of the project.

This branch of engineering insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery plant and steel structures of any kind, as well as third party claims in respect of property damage and bodily injury.


• Machinery Breakdown

This is an all risks "Accident" insurance and covers all types of machinery, plant, mechanical equipment and apparatus for unforeseen and sudden physical loss or damage to the insured items.

The cover was developed to grant industry effective insurance cover for plant, machinery and mechanical equipment at work, at rest or during maintenance operations.


ELECTRONIC EQUIPMENT INSURANCE (EEI)

Electronic equipment insurance is "Accident" insurance on an all risk basis, covering sudden and unforeseen losses that physically affect the equipment insured.

Boiler & Pressure Vessels

The standard policy covers:

 

Deterioration of Stock

The policy covers deterioration of stock in cold storage due to a breakdown of refrigeration machinery.


Bonds

We have a facility for the following types of bonds:-

Contractors Plant & Machinery

•This is an insurance of contractors plant and machinery on an annual basis.
•It covers any loss or damage from any cause whatsoever occurring at work, at rest or during maintenance operations.
•Cover is not limited to a specific construction site.
•The sum insured is the new replacement value.


SCHOOL'S COMPREHENSIVE INSURANCE COVER

This policy is designed for Education Institution. It provides for a wide range of selected risks to be covered under ONE POLICY with ONE RENEWAL DATE.

The cover is provided under twelve sections. Fire and allied Perils plus four additional sections must be taken if this cover is to be issued.

PROFESSIONAL INDEMNITY

It covers those who may face civil litigation and criminal prosecurtion dues to negligence in their duties.

The negligence may include but not limited to:

These actions could come from employees, customers, competitors, shareholders, and investments. Creditors and others.

The cover indemnifies the insured on:

ELECTRONIC EQUIPMENT INSURANCE

This is a special cover for electronic equipments

•Fidelity Guarantee
•Goods in transit (cover to be granted upon request)
•Pedal cycle
•Workmen's compensation (act only)
•Group personal accident (occupational)
•Employer's liability (common law)
•Misstatement / misleading statements
•Ommissions
•Cost and expenses
•Legal-presentation

GROUP LIFE ASSURANCE (GLA)

This may be a stand-alone arrangement but is usually attached to a pension scheme. It provides insured death-in-service benefits, the level of which is determined by the individual employer. Evidence of health limits are based on the size of the scheme taking into account the annual salary bill and the number of members.

Generous evidence of health limits is offered. Profit share may also be offered subject to appropriate pricing. Ancillary benefits such as disability benefits and funeral riders may also be included.


GROUP FUNERAL COVER (LAST EXPENSES BENEFIT)

This may be a stand-alone arrangement if the numbers to be covered are large, but is usually attached to a GLA scheme. It provides funeral expenses benefits in the event of death of an employee. This benefit helps cushion the surviving beneficiaries as they will not use their savings to meet burial costs of their beloved one.

It is also an incentive from the employer as this will be his contribution to the burial of an employee. Medical Insurance is the class of insurance that caters for the health of the member and it is categorised into several classes.


CATEGORIES OF COVER

In-patient
This is when a member requires to be admitted into a hospital and spends a night

Day-case
Member checks into hospital in the morning and is discharged in the evening

Out-patient
This is when a member visits a doctor and is given drugs without any admission


OTHER OPTIONAL COVERS

• Dental
• Optical
• Maternity
• Last Expense
• Personal Accident Cover
• Critical Illness


APPLICATION PROCESS

We will sort out the surgeon, physician and daily expenses on room and board while you focus on getting better and planning for the days ahead. We offer a special cover for ladies and ensure that any new born babies are automatically covered.