Property & Liability Insurance (Business Package)
This policy provides cover against damage to the whole or part of the property described in the schedule, owned by the insured or for which they are responsible. Property covered includes buildings, office furniture & contents, Office equipment and machines, Plant and machinery, perimeter walls and gates.
The insured perils include:
a) Fire, lightning, thunderbolt, subterranean fire, explosion.
b) Storm, tempest, wind, water, hail excluding loss of or damage to property arising from its undergoing any process necessarily involving the use or application of water.
c) Earthquake but excluding loss of or damage to property in the underground workings of any mine.
d) Impact by animals, vehicles, Aircraft or other aerial devices or articles dropped therefrom.
e) Accidental breakage of mirror or glass forming part of the building.
f) Theft - Forced entry or exit
g) Accidental breakage of glass or mirror forming part of the building or furniture
h) Liability – General Public/ Property Owners/ Tenants/ Products/ employers liability
Goods in Transit
This policy provides cover for loss of or damage to property belonging to the insured, in trust or whilst in the custody and control of the insured as more specifically described in the schedule whilst in conveyance, subject to:-
- Packaging professionally done and in custom with the trade.
- Safety precautions on loading and unloading being adhered to.
- Any agreement in place between transporter and property owner extending to cover insurer
- Subrogation rights passing to the insurer on admission of liability.
- Goods being professionally protected against elements of weather
- Property cannot be abandoned to insurer.
Other Sections That Can Be Covered
- Business interruption