Month: January 2022

Covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Marine insurance has two distinct coverages:

• Marine Cargo: Covers sea risks of loss or damage of cargo from accidental causes such as sinking, stranding, fire, collision, sea water, heavy weather, contact, explosion, damage during discharge or loading and special charges incurred at the point of distress and a wide range of other perils.
• Marine Hull: Covers accidental loss or damage to the torso and hull of the vessel, equipment and furniture (ship, boat, cruisers) anywhere in the agreed navigational limits set by the policy along with equipment.

Covers the cost of claims made by members of the public for personal injuries, loss or damage to property or death for incidents that occur on your business premises or on off-site locations such as events / activities organised by your company.

Covers indemnification against loss or damage to all movable / portable equipment which are not necessarily confined in a premise. The policy usually covers any perils as long as the peril is not specifically excluded from coverage

This policy also known as home insurance, offers you coverage against damage to residential homes, as well as loss or damage to its contents including your valuable items worn or carried such as jewellery, phones and laptops. It also compensates for medical expenses from injuries and illness suffered by domestic workers and costs arising from legal liabilities caused by incidents causing bodily injury and loss or damage to third parties.