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This section covers damage to property which is owned by you or property which you have accepted responsibility for, (e.g.
This cover is required if stock or productive plant and machinery on the business premises is susceptible to accidental damage during the normal operation of the business.
Mobile equipment, electronic data processing equipment, glass and
Cover can be extended to include impact damage caused, for example, by the failure of a crane’s lifting slings or chains, resulting in equipment being dropped onto
This can be arranged in conjunction with a Fire, Buildings Combined or Office Contents based policy and is activated following a claim under these sections. It provides protection against a company’s loss of income (Gross Profit) resulting from the business being unable to operate due to the occurrence of an insured event.
For example, the owners of a supermarket that burns to the ground would be compensated for all fixed costs and profits from the day after the fire until they are again able to trade following repairs. In terms of the capability of a business to withstand such an event, this section can be even more important than a Fire policy.
Business All Risks
Loss or damage to personal items which leave the office or company premises is covered by the Business All Risks section. Typical items would be laptop computers, cell phones, a technician’s tool box, a doctor’s bag or any other equipment that a company employee travels with. The scope of this cover is wide and extends beyond losses resulting from fire or theft to include accidental damage (e.g.
Protection against the theft of goods belonging to your business or goods you are responsible for (customer’s goods) caused by a burglary or armed hold-up at your premises. It extends beyond the theft scope of the Office Contents section to include items such as stock, tools and machinery. The policyholder selects the amount of theft
Any business dealing in cash needs a
This section protects the business against the financial consequences of the physical loss or destruction of it’s debtor’s book and/or signed original delivery notes, due to theft or fire. A claim would only arise where adequate duplicate records are not kept off the premises at all times, or are produced at irregular intervals, and/or no physical proof exists that a delivery occurred. In these instances, the company would suffer loss due to its inability to collect monies due to it from its debtors.
Businesses having large glass display frontages usually require this policy extension. It provides protection against accidental damage to internal and external glass, which is excluded from a Fire policy. A tenant of a retail shop is typically responsible for any damage to the shop front glass whether caused by accident or malicious intent.
This section offers financial compensation for all specified employees who are killed or injured and either temporarily or permanently disabled due to an accident or violent incident. This policy differs from a normal life insurance policy in that it only provides compensation in the event of physical injury resulting from an accident or act of violence which is not illness related. A common example would be a motor accident or an
Employers Liability would protect the company against claims made by an employee alleging negligence which results in death, bodily injury or illness or financial loss. These claims are generally covered and limited in terms of the workman’s compensation