GENERAL INSURANCE
General Insurance
We support our clients by providing the best products and services to protect them from life’s uncertainties including;
This policy covers the physical capital represented by your Building and Contents. The cover provides indemnity against loss or damage to property caused by:
* Fire
* Lightening
* Explosion
* Earthquakes fire and / or shock
* Storm tempest
* Flood bursting or overflowing of water tanks apparatus and / or pipes
* Aircraft or other aerial devices and / or articles dropped there from
* Impact by road vehicles horses or cattle
* Sub-terranean fire and / or bush fire
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.
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.
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.
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
This policy covers the risk of Loss, Destruction or Damage to the Goods in Transit by Sea, Air or Land. The Insurance attaches from the time the goods leave the warehouse or places of storage named in the policy for the commencement of the transit, continues during the ordinary course of transit and terminates either:
On delivery to the consignees or other final warehouse or place of storage at the destination named in the policy.
Or on the expiry of sixty days after completion of discharge of the goods from the vessel at the final port of discharge.
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.
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 with the company’s written consent subject to the terms jurisdiction clause, exceptions conditions and warranties of the company’s employer’s liability (common law) policy.
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.
* 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.
This policy is designed to assist in lessening the sudden, unforeseen financial consequences associated with evacuating threatened personnel from countries experiencing political instability and military confrontation. Items that present unplanned and possibly significant financial exposure include: transportation to a place of safety, salary expenses during
It covers those who may face civil litigation and criminal prosecution dues to negligence in their duties.
The negligence may include but not limited to:
* Any breach of contract
* Breach of trust
* Negligence
These actions could come from employees, customers, competitors, shareholders, and investments. Creditors and others. The cover indemnifies the insured on:
* Any court award of damages
*Any negotiated “out of court” settlement.
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.
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.
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