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 there from.
e) Accidental breakage of mirror or glass forming part of the building.
f) Theft - Forcible and violent 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
This policy is designed to cover personal effects of the business that can be worn or carried on the person anywhere in the world; Cover provided is against accidental loss or damage (including theft).
Items that should be specified include:-
Mobile phones, laptops, pads, Hand tools, clothing, office/ factory equipment and machines. Cameras, projectors, etc.
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