An “ALL RISKS” cover available to contractors that will offer protection destruction or damage to;
i) the contract works
ii) contractor’s plant & machinery at the site
iii) materials on site
Scope of cover will include fire, burglary, floods, earthquake and unforeseen and accidental damage to the property insured. A limited amount will also be available for removal of any debris from a site after such damage/destruction.
The policy covers physical loss or damage to assets as well as accompanying business interruption insured caused by the following perils:
- Act of terrorism
- Riots, strikes and/or civil commotion
- Malicious damage
- Mutiny and/or coup deter
- War and/or civil war
This is a form of financial guarantee that compensates the third party in respect of loss suffered as a result of the failure of the insured to perform a task described in the bond contract. Upon providing such a bond as requested, the insurer acts as the guarantor, and is bound to pay a defined amount of money should the insured person fail to meet the terms and conditions of the bond contract.
We offer the following types of bonds insurance:
- Custom Bonds
For various goods in transit or temporarily through the country or those produced in duty free zones targeting the export markets.
- Performance Bonds
Surety to ensure that the business does not suffer unnecessary setback should the contractor be unable to commit to the completion of contracted work.
- Tender Bonds
Protects your interests in the course of a tender situation and provides comfort to the tendering parties against withdrawal.
- Immigration Bonds
For foreigners as required by the governments immigration authorities.
Note that it is not the intention of bonds or any other form of insurance to provide compensation against the effects of any illegal or criminal activity.
The Money policy covers loss of cash typically against the following situations:
- Loss of money at your premises during business hours, or in specified safes or strong rooms.
- Loss of money in transit.
- Loss of money in the custody of an authorized employee.
- Loss of, or damage to safes or strong rooms insured in the process of a theft or an attempt thereat.