Motor Vehicle Insurance
- Third Party Cover This is the minimum level of motor insurance and is compulsory for all vehicles used on public roads. It covers damage or injury caused to third parties.
- Comprehensive Motor Insurance: This provides cover for damage or loss to the insured vehicle resulting from accidents or fire. It also covers damage to third-party vehicles or property, subject to specified limits."
- Fire/Special Peril Often issued as Fire and Special Perils Insurance, this policy covers loss or damage to insured property caused by fire and other specified risks.
- Burglary Insurance Burglary insurance cover loss and damage to properties insured as a result of theft or burglary. The cover granted must be consequent upon forcible and or violent entry and or exit from the premises or location where the insured properties or items are kept.
- Business Interruption Provides financial protection for loss of income when business operations are disrupted due to an insured event, such as fire, flood, or machinery breakdown.
- Fidelity Guarantee Protects against financial loss resulting from fraud or dishonesty by employees entrusted with money or property for official purposes.
- Goods In Transit Provides cover against loss or damage to goods while being transported from one location to another.
- Householder A combined policy that includes fire, burglary, all-risks, and liability cover for homeowners. It is a cost-effective and convenient way to protect both property and personal belongings.
- Money Covers loss of money and financial instruments due to fire or theft while in secure custody, in a locked safe, or in transit between business premises and the bank.
- Personal Accident This policy provides financial compensation in the event of accidental injury, disability, or death.
- Public Liability Provides cover against legal liability for injury, death, loss, or damage to property suffered by members of the public, typically resulting from negligent acts or omissions of the insured.
- Occupiers Liability Provides cover for legal liability arising from injury, death, or damage to property suffered by visitors or third parties while on premises occupied or controlled by the insured.
- Products Liability This policy protects organisations against legal liability arising from injury, death, or damage caused to third parties as a result of the use or consumption of their products.
- Professional Indemnity Protects individuals or organisations against legal liability arising from professional negligence, errors, or omissions that cause loss, damage, injury, or death to a client.
- Directors and Officers Liability Protects company directors and officers against legal liability arising from decisions, actions, or omissions made in the course of managing the organisation. It covers legal defence costs, damages, and settlements resulting from claims such as mismanagement, breach of duty, or regulatory violations.
- Employer's Liability Provides cover for legal liability arising from injury, illness, or death suffered by employees in the course of their employment. It protects employers against compensation claims and associated legal costs.
- Energy/Power Covers risks associated with power generation and energy operations, including damage to plants, equipment, and infrastructure. It may also include cover for business interruption resulting from insured events.
- Aviation Provides cover against losses arising from the use and operation of aircraft. It also includes cover for passenger injury or death, as well as damage to passenger property.
- Oil & Gas Provides specialised cover for risks in the oil and gas industry, including exploration, drilling, production, and transportation. It protects against property damage, operational risks, environmental liabilities, and business interruption.
- Advance Profit Loss Advance Loss of Profit (ALOP/DSU) covers anticipated income lost due to project delays from a covered loss (e.g. construction, machinery breakdown)
- Computer All Risks Covers loss or damage to computer systems, hardware, and related equipment due to risks such as fire, theft, accidental damage, or electrical/mechanical breakdown.
- Contractors All Risks A comprehensive policy designed for construction projects that covers both physical property damage and third-party injury or property damage claims
- Cyber Insurance Protects businesses against losses arising from cyber incidents such as data breaches, hacking, ransomware attacks, and system failures. It may cover data recovery, legal costs, regulatory fines, and business interruption.
- Builders Liability Covers legal liability for injury, death, or property damage caused to third parties during building or construction activities due to negligence.
- Electronic Equipment Provides cover for electronic devices such as computers, medical equipment, and communication systems against risks like accidental damage, theft, and electrical faults.
- Erection All Risks Covers risks associated with the installation and erection of machinery and equipment, including damage during assembly, testing, and commissioning, as well as third-party liability.
- Machinery Breakdown Provides cover for sudden and unforeseen physical loss or damage to machinery and equipment caused by mechanical or electrical breakdown.
- Plant All Risks Covers loss or damage to machinery and plant equipment while in operation or during transit from one location to another.
- All Risks Provides cover for loss or damage to movable personal or business items caused by risks such as fire, theft, or accidental damage.
- Agricultutral Provides cover for farmers and agribusinesses against risks such as crop failure, livestock loss, natural disasters, and other agricultural-related exposures.
- Workers Compensation Provides compensation for employees who suffer injury or death in the course of their employment.
- Travel Insurance Provides protection against financial loss and unexpected events that may occur before or during a trip, whether for business or leisure.
Bond/Surety Insurance
Guarantees that a contractor or party will perform contractual obligations according to agreed terms and complete the project. It also secures advance or mobilisation payments.
Common types include: