Business Insurance

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Business Insurance

Underwriting Africa business division provides tailor made insurance policies to protect your business and advise you of new market trends and products. Underwriting Africa work with A – rated insurance companies to ensure quality services for you

Assets Products

Your All Assets Insurance Policy will compensate you against loss or damage to specified items as a result of any cause.
Our solutions:
  • Fire, Burglary.
  • Consequential loss.
  • Machinery breakdown, Electronic Equipment, All risks, Plate Glass,
  • Money, Fidelity Guarantee, Public Liability.
Benefits:
  • Comprehensive Risk Management.
  • Tailored Covers to suit your needs.
  • Customer Service Support.
We design solutions that meet risk transfer objectives and budget constraints for all types of construction and engineering projects, across the planning, construction, erection, installation and initial operational phases.
Our solutions:
  • Owner Controlled Insurance (OCIP).
  • Contractors All Risk (CAR), Erection All Risk (EAR).
  • Political risk, Marine risk.
  • Financial risks (loss of profit or business interruption).
Benefits:
  • Policies specifically designed to suit the needs of the local environment.
  • Claims and Customer Service Support.
  • Risk Management support.
  • Option to effect insurance policy in joint names of Contractor and his subcontractors.
Our Marine cover losses or damage to the vessel or cargo in transit from point of origin to point of destination via water, road or air.
Our solutions:
  • Single voyage policies.
  • Annual policies.
Benefits
Covers offer complete protection and limited liability against the following:
  • Theft or hijack of vessel.
  • Theft of on-board cargo.
  • Mistakes in transportation (inappropriate handling).
  • Accident while in convey (sinking or overturning).
  • Variations in temperature causing complications.
  • Compensation for illness, injury or death of persons on-board the vessel.
  • Collision and Pollution risks.
  • Cargo liabilities and Labour and legal costs.
Political risk continues to be a real and apparent issue for banks, financiers and fund management companies who invest, operate and lend in emerging or frontier markets.
Our solutions:
  • Confiscation, expropriation, or nationalization.
  • Currency inconvertibility and non-transfer.
  • Political violence (including terrorism and war).
  • Contract frustration due to political events.
  • Sovereign payment default.
  • Wrongful calling of on-demand guarantees and bonds.
Benefits:
  • Controlled expansion of business to different parts of Africa.
  • Protection of Assets.
  • Protection of Profitability.
  • Favourable rates.

Liability Products

Directors & Officers Liability provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of company related duties.
Benefits:
  • Customized protection for leaders and employees against claims by competitors.
  • Protects the organizations top leadership for future leadership.
  • Broad entity coverage.
Travel insurance provides security and assistance both locally and internationally whether business or leisure giving you peace of mind.
Cover Scope includes:
  • Personal Accident ( Death + Disability).
  • Emergency medical and related Expenses.
  • Assistance Services – cash advances/Consular referral/Transmission of urgent messages.
  • Loss/damage of Baggage/Personal effects.
  • Cancellation & Curtailment.
  • Personal liability.
  • Highjack of Public Conveyance.
Benefits:
  • 24 hour assistance.
  • You are covered from your normal residence or business until your return up to a period of 180 days.
Our Professional indemnity Insurance will cover your legal costs and expenses in defending a claim, and any compensation or costs that may subsequently be awarded, following:
  • Professional negligence, such as making a mistake in a piece of work for a client, or giving them poor advice.
  • Unintentional breach of confidentiality and/or copyright.
  • Defamation and libel.
  • Loss of documents or data.
  • Loss of money or goods (for which you are responsible).
Benefits:
  • Protects your business against the financial risk of being found liable for personal injury, property damage and economic loss.
  • Protects your business against claims for alleged negligence or breach of duty.
International Medical Insurance covers include:
  • Africa.
  • Worldwide.
Coverage is placed with known underwriters such as:
  • Bupa global health.
  • AETNA.
  • Africa wellness solutions.
  • Allianz.
  • AXA PPP international.
Benefits:
  • Choice of coverage area to reflect your geographical area of need.
  • Emergency benefits.
  • Premium modes to schedule the frequency of payment that meets your needs.
  • Multiple deductible options to accommodate your financial resources.
  • Freedom to choose your own health care provider wherever your are in the world.