Fire & Special Perils
A standard fire policy covers Fire (whether resulting from explosion or otherwise), Lightning, and Explosion of boilers or gas used for domestic purposes for lighting or heating as long as the building does not form part of a gas work. For an additional charge, the policy can be extended to include special or additional perils such as storm, flood, burst pipes and overflowing of water tanks, impact by vehicles, malicious damage, earthquake damage, aircraft damage, bush fire, explosion, tornado and cyclone, and riot and strike. There are several extensions that amplifies this policy.
Industrial All Risks
An industrial all risk policy is a ‘packaged’ policy designed to cover material loss/damage and business interruption. include risks of fire and special perils, consequential loss following fire, accidental damage, burglary, money, goods-in-transit and fidelity guarantee.
Burglary
This policy offers protection against loss or damage, by theft, of property belonging to the insured or for which the insured is responsible.
All Risks
This policy grants a wide range of cover for individual commercial items such as jewelries, paintings, small moveable tools of trade, etc. It provides protection beyond the normal scope of fire and burglary policies as loss to the subject matter due to accidents, larceny, infidelity, transit and temporary housing are covered. This policy is most suitable for expensive personal and/or commercial non-heavy equipment moved frequently from one place to another, e.g.. laptop computers, mobile phones, cameras, fieldwork equipment, etc.
Houseowners/Householders
This policy can be effected by the owner of the building (houseowner) or tenant (householder) in respect of the building and/or contents. It covers fire/special perils, burglary/theft, public liability, personal accident, and rent.
Goods-In-Transit
This insurance covers moveable property while in transit by land, air or sea. The type of covers available are All Risk (which covers loss or damage by any accident or misfortune while in transit, course of loading/unloading, and while temporarily housed) and Restricted cover (which indemnifies the insured against loss or damage resulting from loss by fire, accidental collision, impact or overturning of the conveying vehicle, and theft following accidental collision or overturning of the conveyance).
