MISCELLANEOUS INSURANCE


The Policy covers against loss or damage by Burglary House Breaking.

Property Covered:

Property whilst contained in the premises, which includes:

  • Stock in Trade your property pertains to the Business or Occupation.
  •  Goods held in Trust or commission for which you are responsible,
  •  Furniture, fixtures, fittings, utensils and appliances in Trade,
  • Money in locked safe,
  • All other contents unless specifically declared for insurance.

Cash in transit and Cash in safe

Enterprises that require to transport or hold large amounts of cash as part of the business process are often hesitant to do so due to security concerns. However, specific insurance coverage can be taken for loss of cash, currency notes, coins, securities and cheques – both whilst in transit and/or in a locked safe on your premises.

Cash-in-safe Insurance pertains to money stored in a locked and secured storage facility on your premises. The insurer will need to ascertain the nature of business transactions that occur in the premises to determine the volume of cash requiring coverage. Details of number of keys and their possessors and security measures against burglaries and hold ups will also need to be given. Separate coverage may be sought for loss of cash by armed robbery during working hours and loss of cash during non-business hours.

Fidelity Guarantee

Although all companies aim to employ the best talent, this is not always possible. You need to protect your business against financial losses caused by dishonest employees who are aware of internal weaknesses. Such insurance should ideally cover theft of money or securities, fraudulent conversion, embezzlement, forgery, burglary, counterfeiting, and computer / wire transfer fraud.

Specific protection may also be taken for crimes committed by employees in the course of performance of their duties. This is ideal for cashiers and storekeepers – employees in positions of trust.

Types of fidelity policies:

  1. Individual policy – guarantee for one individual
  2. Collective policy / Floating policy: for the entire staff or select number of employees
  3. Position Policy: For positions / designations rather than individuals

Group Personal Accident

Group Personal Accident Insurance is an umbrella policy that covers any specific group of people insured against any bodily injury solely & directly from accident caused by external violent and visible means then Insurance Company shall pay to insured or his legal personal representatives as the case may be the sum or sums insured. Aside from physical injuries, uncertainty and depression may prevent you from going to work, leading to loss of income.

Benefits covered:

  • Accidental Death
  • Loss of limbs and eyes and
  • Permanent partial / total disablement
  • Temporary partial / total disablement.
  • The policy can be extended to include medical expenses

Group Health Insurance
Any Group/Association/Institution/Corporate body of more than 10 persons can take a group Medical care policy. In essence a group health insurance policy is an insurance cover applied for by the employer, with the Insurance Company. The employer would usually bear the entire premium or only a part of it.

Coverage:

Hospitalization expenses incurred within the country, due to illness/disease &/or due to accident during the Policy period.

Room, Boarding expenses as provided by the Hospitalization/Nursing Home, and Nursing Expenses. Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees Anesthesia, Blood, Oxygen, Operation Theater Charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and x-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of Organs and similar expenses.

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