REACH US ON : O20 286 2000    Contact Centre: 0709 912 777 call
callREACH US ON : O20 286 2000    Contact Centre: 0709 912 777

General Corporate

Aviation

Physical damage insurance provided to cover loss or damage to the insured’s aircraft, while it is in motion, not in motion or for both. This type of cover will typically pay for repairs and reinstatement of the aircraft to the condition that it was in before the incident, subject to certain exclusions and policy conditions which may apply. If the aircraft is not repairable an agreed amount may be paid, known as the agreed value, which is usually agreed with the insured at inception and is noted in the policy.

All Risk

Property insurance covering loss arising from any fortuitous cause except those that are specifically excluded. This is in contrast to named perils coverage, which applies only to loss arising out of causes that are listed as covered.

Asset All Risk

This is a combined policy that combines various covers like Fire, Burglary, Consequential loss, Machinery breakdown, Electronic Equipment, All risks, Plate Glass, Money, Fidelity Guarantee, Public Liability etc. All sections will have specific sums insured’s and will also be subject to that class normal terms, conditions and warranties.

Contractor’s all risk

Covers the “Contract Works” undertaken by a contractor against any unforeseen accidental physical loss or damage. Interests covered include but are not limited to the total contract value including costs of all materials and all-temporary and permanent works. In addition; the principal’s existing property, contractor’s plant, equipment and machinery at the project site, reasonable costs for removing debris, loss or damage to third parties arising from the execution of the project can also be covered.

Directors and Officers liability

This policy covers directors and officers (and the Company itself where it is legally permitted to indemnify its Directors and Officers) for any wrongful acts committed in their capacity as directors and officers of the Company. The Policy is written in two sections as follows:

The Directors and Officers Liability Section indemnifies the Directors and Officers in respect of any “Wrongful Act” committed in their capacity as Directors and Officers of the Company, where the company is not permitted (either legally or by its articles of Association) to reimburse them.

The company reimbursement section covers the Company only in respect of any reimbursement that it is required, or permitted by law to make to its directors and officers against whom a legal action has been sought

Fire & Perils

This policy will indemnify the insured against the loss of or damage to the property insured arising from fire as well as from allied perils such as earthquake, explosion, Riot and strike, malicious damage, Special perils A-H etc.

Goods in Transit

This policy will indemnify the insured against the loss of or damage to the property insured arising from fire as well as from allied perils such as earthquake, explosion, Riot and strike, malicious damage, Special perils A-H etc.

Group Personal Accident

These policies cover accidental death or disablement to the insured. Compensation will be payable to the insured or to his legal representative in accordance with the sum insured and scale of compensation agreed and specified in the policy schedule.

The age requirements for this policy are that the holder should be above 15 years and below 65 years. Policy can be given to individuals or Group of individuals.

We also provide a student’s personal accident cover to individuals, schools and organized groups on very reasonable premium terms

Special Group personal insurance is essentially a personal accident cover which includes work related occupational illness.

Medical Malpractice

This policy covers the liability of a Medical Practitioner or a Medical Institution arising out of their negligence whilst performing their professional duties. Submission of a duly completed proposal form is required in order to obtain terms for this cover.

Professional Indemnity

This policy indemnifies the Insured against any sums for which the Insured becomes legally liable as a direct result of any negligent act, error or omission made by him during the performance of his duties as a professional man/women (e.g. engineers, architects, lawyers, accountants etc.). Indemnity will be provided in accordance with the limits, conditions and activities defined in the policy. The relevant proposal form has to be completed by the client and be submitted to the Insurers for proper assessment of risk.

Property, Terrorism and Sabotage Cover

The policy covers physical loss or damage to building and contents which belong to the insured directly caused by the following perils:-

  • Act of terrorism
  • Sabotage
  • Riots, strikes and/or civil commotion
  • Malicious damage
  • Mutiny and/or coup deter
  • War and/or civil war

Cover is also extended to motor vehicles insured with us comprehensively.

Work Injury Benefits Act

This policy covers the employees of the Insured whilst on duty and engaged in the execution of the Insured’s business &/or any project undertaken by the Insured, against accidental bodily injury, disablement or death.

Compensation is payable in accordance with the provisions of the WIBA Act 2007. The maximum benefit is set at 96 months’ salary. The Wiba plus policy cover in addition to the above also extends coverage to 24 hours.

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  • Aviation
  • All Risk
  • Asset All Risk
  • Contractor’s all risk
  • Directors and Officers liability
  • Fire & Perils
  • Goods in Transit
  • Group Personal Accident
  • Medical Malpractice
  • Professional Indemnity
  • Property
  • Terrorism and Sabotage cover
  • Work Injury Benefits Act