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Business Insurance – Cover Types / Sections

 

Accidental Damage

Accidental physical loss of or damage to the insured’s property at or about the premises not otherwise insured or for which insurance is available

Accounts Receivable

Loss of or damage as a result of accident or misfortune to your books of account or other business books or records at the premises, in consequence whereof you are unable to trace or establish the outstanding debit balances in whole or part due to you.

Buildings Combined

Damage by the perils described in the Fire Section and including:

  • Loss of Rent up to a maximum of 25% of the insured amount;
  • Legal Liability;

Theft accompanied by forcible and violent entry into or exit from the building

Business All Risks

Loss of or damage to the whole or part of the property described in the schedule while anywhere in the world by any accident or misfortune not otherwise excluded provided that you shall be responsible for the first amount payable stated in the schedule in respect of each and every event except a claim resulting from fire, lightning or explosion.

Business Interruption

Financial loss following interruption of or interference with the business in consequence of damage occurring during the period of insurance at the premises in respect of which payment has been made or liability admitted under (i) the Fire Section (ii) the Buildings Combined Section (iii) the Office Contents Section (iv) and other material damage insurance covering the interest of the insured, but only in respect of perils insured under the Fire Section hereof.

Contractors All Risks / Liability

Loss of or damage to (a) the Contract works whilst in transit, in storage or on the contract site and (b) accidental death, bodily injury, illness or disease and / or accidental tangible loss to tangible property arising directly out of the performance of the insured contract.

Cyber Liability

Losses resulting from breach of data / systems including network business interruption, cyber extortion, liability arising out of data protection failures.

Directors and Officers Liability

Damages for which you the insured shall become legally liable to pay as a result of any act or omission of an employee acting in their capacity as Director or Officer. Legal Defence Costs are included.

Electronic Equipment

Physical loss of or damage to the property insured as described in the schedule from any cause not hereinafter excluded whilst at work or at rest anywhere within your premises as specified; in transit including loading and unloading or whilst temporarily stored at any premises en route or temporarily removed from your premises to any other location

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Damage which the insured shall be legally liable for following death of or bodily injury to or illness of any person employed under a contract of service or apprenticeship with the insured which occurred in the course of and in connection with such person’s employment by the insured.

Fidelity / Commercial Crime

Loss of money and / or property belonging to yourself or for which you are responsible stolen by an employee during the currency of this section

Fire

Damage to the whole or part of the property described in the schedule, owned by you the insured or for which you are responsible, including alterations by yourself as tenants to the buildings and structure, by fire, thunderbolt or lightning, explosions, storm, wind, water, hail or snow, aircraft and other aerial devices or articles dropped there from, impact, trees, aerials, satellite dishes or vehicles, malicious damage.

Glass

Loss of or damage to internal and external glass (including mirrors), signwriting and treatment thereon at your premises as stated in the schedule, the property of yourself or for which you are responsible.

Goods In Transit

Loss of damage to the whole or part of the property described in the schedule, owned by yourself or for which you are responsible, in the course of transit by the means of conveyance or other means incidental thereto and caused by any accident or misfortune not otherwise excluded.

Kidnap and Ransom

Specialised crisis management and resolution of threats ranging from kidnapping and extortion to wrongful detention and missing persons. Internal and domestic cover.

Liability

Damages for which you the insured shall become legally liable to pay consequent upon accidental death of or bodily injury to or illness of any person, or accidental loss of or damage to tangible property occurring within the territorial limits during the period of insurance in the course of or in connection with the business.

Machinery Breakdown

Any unforeseen, visible loss of or damage to equipment as described in the schedule by an incident stated and not otherwise excluded while on your premises, but excluding any loss of or damage caused by an incident covered under the Fire and Theft sections.

Machinery Breakdown – Business Interruption

Financial loss following interruption of or interference with the business in consequence of damage occurring during the period of insurance at the premises in respect of which payment has been made or liability admitted with regards to the Machinery Breakdown section.

Marine Import / Export

Loss of or damage to goods whilst being imported, exported or temporarily being stored whilst part of a marine or air voyage.

Money

Loss of or damage to money at your premises or in transit to and from the bank. Money stored in a locked safe at night is limited to a value depending on the category of the safe. Please consult with us for further details.

Motor

Loss of or damage to any vehicle described in the schedule and its accessories and spare parts whilst thereon, including liability occurred towards third parties.

Motor Traders – External Risks

Loss of or damage to vehicles (not owned by the Insured) whilst in the course of a journey including liability to a third party.

Motor Traders – Internal Risks

Loss of or damage to vehicles (not owned by the Insured) whilst on the Insured Property as described in the schedule, including liability to a third party.

Office Contents

Loss of or damage to the office contents (excluding Computer Equipment) unless otherwise stated in the schedule, as per the perils under the Fire section, including:

  • Theft or any attempt thereof;
  • Loss of Rent up to 25% of the insured amount;

Loss of or damage to Documents.

Personal Accident

Bodily injury caused by accidental, violent, external and visible means to any principal, partner, director or employee of the insured specified in the schedule.

Professional Indemnity

Covers legal costs and expenses incurred in your defense, as well as any damages or cost that may be awarded, if you are alleged to provided inadequate advice, services or designs that cause your client to lose money.

Theft Section

Loss of or damage to all contents of any insured building at your premises described in the schedule as a result of theft accompanied by forcible and violent entry into, or exit from such building or any attempt thereat or as a result of theft, or any attempt thereat, following violence or threat of violence. Cover is on a first loss basis – average does not apply.

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