This policy covers our clients against loss or damage to their own vehicles and also damage to third party property, death or bodily injury to third parties as explained below:

Comprehensive – This is the widest cover option and embraces accidental damage to insured’s own vehicle and all third party liabilities.

Full Third Party Fire and Theft (FTPF&T) – This option covers accidental damage to third party vehicles and property as well as bodily injury plus damage to insured’s own vehicle as a result of fire and theft only.

Full Third Party Only (FTP) – This option covers basic third party property damage and injury in terms of the Road Traffic Act does not cover any damage to insured’s own vehicle and property.

Honeygold  motorsure with Bee Rescue – This is motor insurance with 24 hour road side assistance. The roadside assistance includes tyre change, flat battery, emergency hotel accommodation, mechanical report, driver request, fuel delivery spare keys pick up and towing.

ASSETS  ALL RISK – PROPERTY INSURANCE

This policy has the widest cover for large risks and covers all of our clients’ assets which are stated on the policy and located anywhere in the country on an all risks basis. The perils covered include damages as a result of fire, lightning, accidental damage, mechanical damage and consequential loss. The policy also extends to cover money, theft, goods in transit, glass, personal effects and accidental damage.

BUSINESS  COMBINED

Covers medium to large organizations’ assets, furniture, other contents, motor, electronic equipment, group personal accident, liabilities and motor vehicle insurance. The perils covered include fire, theft, impact, non-political riot and all risks on specified items.

OFFICE COMPREHENSIVE

Covers property that is owned or held in trust by small to medium scale businesses. The perils covered include fire, theft, impact, non-political riot and strike.

MACHINERY BREAKDOWN INSURANCE

This policy covers machinery and equipment against mechanical and or electrical derangement or breakdown. It also extends to provide protection against loss of production.

CONTRACTORS  ALL RISKS  INSURANCE

This policy offers comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment, construction machinery and third party claims in respect of property damage or bodily injury arising in connection with the execution of a building/civil project.

ERECTION ALL RISKS INSURANCE

This policy offers comprehensive and adequate protection against all risks involved in the erection of machinery, plant and steel structures of any kind as well as third party claims.

CIVIL ENGINEERING COMPLETED RISKS INSURANCE

This policy provides comprehensive cover for civil engineering structures after completion if they are exposed to fire hazards, hazards emanating from local geological conditions, hazards arising out of the technical design of the structure, hazards in connection with the operation and use of the structure.

ELECTRONIC EQUIPMENT

This policy covers sudden and unforeseen physical loss or damage to any electronic equipment which includes laptops, PABX, computers and critical data equipment. Cover extends to the cost incurred in hiring workers to input lost data or costs of hiring temporary equipment.

LOSS OF PROFITS FOLLOWING MACHINERY BREAKDOWN

The policy covers the actual loss of gross profits sustained as a result of business interruption caused by a damage indefinable under the Machinery Breakdown Policy. Therefore all causes of loss covered the Machinery Breakdown Policy are also covered by this Policy.

The policy provides cover for the agreed duration of business interruption (the Indemnity Period) which should relate to the amount of time required for repairing the machine damaged or for the delivery and commissioning of new machines in cases where total loss is possible.

DETERIORATION OF STOCK IN COLD STORAGE POLICY

The policy provides cover for goods in cold storage against loss or damage caused by deterioration due to any unforeseen and sudden physical loss of or damage the machinery specified in the policy and indemnifiable under a Machinery Breakdown Policy in force at the time of loss.

PLANT ALL RISKS POLICY

The policy provides cover for unforeseen and accidental physical loss or damage to plant due to external causes. Main hazards include fortuitous working accidents, fire, burglary, theft, faulty operation, natural perils such as storm and flood, collision and overturning.

DIRECTORS & OFFICERS LIABILITY

This policy provides cover in respect of all sums up to the chosen limit, which the Executive and Non-Executive Directors and or Officers of insured shall become legally liable to pay in respect of loss arising from:
a)  Any wrongful act in their respective capacities including legal defense costs
b) Any wrongful Act in their respective capacities pursuant to common and statutory law or contract or the Memorandum or Articles of Association including legal defense costs. Officers covered include Non-executive Directors, Executive Directors, Ex-officio Directors and Senior Managers.

PUBLIC LIABILITY

This covers Legal liability to third parties arising out of accidental bodily injury or death or illness or accidental physical damage to tangible property in connection with the insured’s business.

PRODUCTS LIABILITY

This policy covers all legal liabilities to third parties arising out of accidental bodily injury or death or illness or accidental physical damage caused by the use of the insured’s products.

EMPLOYERS & RESIDUAL LIABILITY

This policy provides indemnity in respect of injury to any of the insured’s employees arising out of and in the course of employment and all sums that the insured shall become responsible in terms of Section 74 (1) of the NSSA Notice 1990.

UMBRELLA LIABILITY

This policy provides additional liability cover over and above the exposures covered by Motor third party liability insurance, employers & residual liability insurance, general/tenants/property owners/public liability/products liability insurances.

GROUP PERSONAL ACCIDENT

This policy covers the insured for accidental death or bodily injury to employees caused by external violent and visible means. The policy pays the insured for death, permanent disablement, temporary disablement and medical expenses.

FIDELITY GUARANTEE    

This policy provides cover for loss of money and or property belonging to insured or for which they are responsible stolen by or in collusion with insured’s employee.

EWRM refers to a holistic approach towards identification and quantification of risks that the entire organization faces for both insurable and non-insurable risks in order to implement risk mitigation and reduction measures which are both insurance and non-insurance solutions in the short, medium and long term. This entails looking at risks of an organization in a 360 degree format to cover other sections of an organization that are usually omitted by insurance that include but not limited to:

Human Resources Risk
Marketing Risks
Operational risks
Safety & Health:

Mitigatory measures are devised through Risk Registers which detail the identified risks and steps to reduce or neutralize the risks with set time frames.