The risk may involve:

 

1. Commercial buildings,
2. Industries,
3. Private dwelling premises,
4. Goods in trade,
5. Domestic or business property.

There are three types of covers:

Third Party Only (TPO) Cover
This covers liability to third parties and passenger liability that may arise out of the use of the vehicle.

Third Party Fire & Theft (TPF&T) Cover
This provides indemnity against loss or damage to motor vehicle as a result of fire or theft and liability to third parties and passenger liability that may arise out of the use of the vehicle.

Comprehensive Cover
This provides indemnity against loss or damage to motor vehicle, liability to third parties and passenger liability that may arise out of the use of the vehicle. The insurance is provided for private motor vehicles, commercial motor vehicles, and other special types including tractors, trailers, combine harvesters and fork lifts.

This cover protects employers, should their employees incur injuries or die in the course of their work. It has become common for employees to bring claims against the employer based on negligence in respect of accidents happening in the course of employment.

It is therefore necessary that employer’s liability insurance be arranged in addition to the workman’s compensation (Act) policy.

A public liability policy protects an insured in respect of his legal liability to third parties for both bodily injury [death, illness or disease] and any loss of or damage to property which happens in connection with the business insured under the policy.

The maximum amount the Insurers are prepared to pay is specified in the policy as limit per occurrence or accident or event.

The company also offers covers on various classes of engineering insurances as follows:

Contractor’s All Risks (CAR) Insurance
This insurance provides comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and/or construction machinery as well as against third party claims in respect to property damage or bodily injury arising in connection with the execution of the contract.

Erection All Risks (EAR)
This insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structure of any kind as well as third party claims arising from the execution of the project.

Machinery Breakdown
The cover was developed to grant industry effective insurance cover for plant, machinery and mechanical equipment at work, at rest or during maintenance operations.

Electronic Equipment Insurance (EEI)
Electronic equipment insurance is “Accident” insurance on an all risk basis, covering sudden and unforeseen losses which physically affect the equipment insured.

Under marine insurance there are two distinct covers namely Marine Hull and Marine Cargo.

Marine hull
This policy provides cover that is limited to pleasure crafts operating within Kenya’s territorial waters. Cover is against loss or damage to the hull, engines and accessories caused by perils of the sea, rivers, lakes or other navigable waters. It also covers loss by fire, theft, jettison, piracy, explosion, malicious acts, latent defects in hull or machinery and third party liabilities on injuries and property damage.

Marine cargo
This policy covers in respect of goods and/or merchandise in transit from one place to another by sea, air, rail, road or registered post. The cover provided is in respect of marine perils, war perils and strike, riot and civil commotion perils. Scope of cover follows the Institute of London clauses so far as applicable.

The Fidelity Guarantee Policy is an insurance against the results of dishonesty or disloyalty of employees.

The cover therefore is issued to cover the employer against direct financial loss of money and loss of stock which might result from acts of dishonesty by an employee in the course of employment.

This insurance policy covers loss or damage to property caused by:

 

1. Fire,
2. Lightning,
3. Explosion,
4. Earthquake,
5. Bush fire,
6. Riot and strike,
7. Floods and related perils.

The risk may involve:

1. Commercial buildings,
2. Industries,
3. Private dwelling premises,
4. Goods in trade,
5. Domestic or business property.

The term money is commonly expressed to include cash, bank and currency notes, cheques, postal and money orders, NHIF Stamps etc. belonging to the Insured.

Cover is against all risks and includes money in transit, on the Insured premises, in safes, on the hands of Directors, in custody of collectors and damage to safes.

A public liability policy protects an insured in respect of his legal liability to third parties for both bodily injury [death, illness or disease] and any loss of or damage to property which happens in connection with the business insured under the policy.

The maximum amount the Insurers are prepared to pay is specified in the policy as limit per occurrence or accident or event.