BUSINESS INSURANCE

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 ​​​A business venture is a continuous investment. Your hard work record should be with the insurance policy to protect you, your business and your employees. The SME insurance policy is specifically tailored to the needs of small and medium enterprises and is an excellent business solution to protect your achievements.

This business insurance policy is the best solution for offices, catering companies, retailers, professionals and clinics and other small or medium businesses selling products or providing services from their premises.

 A wide range of tailor products are also available to meet the insurance requirements of major industrial hazards.

Will provide cover for any accidental material loss or destruction to your interests at the premises used by you for carrying out your business, together with losses resulting from events such as fire, lightning, explosion, damage caused by aircraft, riot and malicious damage, earthquake, subterranean fire, storm, tempest or flood, escape of water, impact by motor vehicles, and theft following forcible and violent entry. 

This insurance will provide cover for any loss of profits or revenue following interruption of, or interference with, the business as a consequence of a loss that is indemnifiable under  the Property Insurance cover. 

Covers any loss of money occurring under particular circumstances, such as in transit, on the premises during business hours, on the premises outside business hours contained in a locked safe, or on premises outside business hours not contained in a locked safe, a bank night-safe or an automated teller machine. 

This insurance provides cover against Legal Liability, should you become liable to pay compensation in respect of accidental bodily injury or disease incurred by an employee arising out of and during the course of their employment. 

Insurance will provide cover against Legal Liability, should you become liable to pay compensation in respect of accidental bodily injury and/or accidental loss of or damage to material property incurred by third parties. 

Will provide cover in the event of glass being damaged at your business premises resulting from accidental damage, or vandalism and/or other unforeseen events. 

Will provide cover for sudden and unforeseen physical loss or damage to the electronic equipment, and/or external data media, occurring at the premises used by you for carrying out your business. Furthermore, you will be covered for a specified amount should any damages result from a total or partial interruption of operation of the electronic equipment. 

Life Insurance (Business Loan Protection)

A wide range of tailor-made products to meet the insurance requirements of both small to medium enterprises and industrial risks are available. These include:

• Accidental Damage (Property & Business Interruption)
• Fidelity Guarantee
• Directors & Officers Liability
• Fire & Perils
• Group Personal Accident
• Electronic Equipment
• Hoteliers Combined
• Travel Open Cover
• Machinery Breakdown
• Commercial Plan
• Public Liability
• Contractors ‘All Risks’
• Theft
• Products Liability
• Contractors Plan ‘All Risks’
• Directors and Officers insurance
• Goods in Transit
• Tool of Trade
• Marine Cargo
• Money
• Employers Liability

A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as "management errors and omissions liability insurance," covering claims resulting from managerial decisions that have adverse financial consequences.  

This policy is also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by insurance agents, consultants, brokers and lawyers.[1] Other professions that commonly purchase professional liability insurance include accounting, engineering and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other nonprofits/NGOs are also professional-liability insured.