Computer All Risk
This policy covers sudden, unforeseen, and accidental causes that materially affect the items insured, necessitating repair or replacement. Insured Perils include incorrect operation, negligent or malicious acts of employees or third parties, short circuit, excessive voltage, induction, fire, lightning and explosion, and burglary, theft, robbery and the events related to them.
Cash-In-Tansit/Money
This policy covers any unforeseen or accidental loss or damage necessitating repair or replacement, whether they are at work or at rest or whether undergoing cleaning, overhauling or are in transit by road or whilst on roll-on roll-off ferried on inland water crossings. Insured perils include incorrect operation, negligent or malicious acts of employees, forces of nature, such as storm, flood, hail, inundation, landslide, earthquake and volcanic eruption, fire, lightning and explosion, burglary and theft, and collision, overturning, derailment. Provided that such items at the time of any loss, is being used in the performance of its proper function.
Bond
A customs bond is a financial guarantee between the insurer issuing the bond, the insured (the principal who is required to file the bond) and the customs & excise agency. This policy guarantees the customs and excise agency that if they cannot collect monies due from the principal, they can seek remedy up to the bond amount from the Insurer.
Equipment/Machinery All Risk
This policy covers any unforeseen or accidental loss or damage necessitating repair or replacement, whether they are at work or at rest or whether undergoing cleaning, overhauling or are in transit by road or whilst on roll-on roll-off ferried on inland water crossings. Insured perils include incorrect operation, negligent or malicious acts of employees, forces of nature, such as storm, flood, hail, inundation, landslide, earthquake and volcanic eruption, fire, lightning and explosion, burglary and theft, and collision, overturning, derailment. Provided that such items at the time of any loss, is being used in the performance of its proper function.
Professional Indemnity
This policy covers professional negligence. Professional negligence can be defined as a neglect of professional duty or care as to render the professional person committing the act, error or omission of neglect liable in law to a client or some other third party who occasions loss by reason of that neglect.
Fidelity Guarantee
This policy protects employers against the loss of moneys and in many cases, the loss of stock as a result of the dishonesty or fraudulent acts of their employees in the course of their employment.
Burglary
This policy covers loss or damage to the items insured by theft following forcible and violent entry into or exit from the premises. Cover is also provided for damage suffered to the premises owing to the forcible entry or exit.