Fire Insurance
Insurance against destruction or damage to property caused by fire or lighting. Allied perils which can be included in the standard fire policy are:
- Earthquake
- Typhoon / Flood
- Riot, Strike and Malicious Damage
- Extended Cover (Explosion, Falling Aircraft, Vehicle Impact and Smoke Damage)
- Spontaneous Combustion
- Business Interruption
Motor Car Insurance
Provides comprehensive coverage for private and commercial vehicles. It indemnifies the insured against direct loss or damage to the insured vehicle as well as pays the claim of the third parties for death, bodily injury or property damage. It also provides personal accident insurance coverage to the driver and passengers riding in the vehicle.
Marine Cargo Insurance
Insurance against risks connected with navigation, transportation or any stage in the preparation for shipment to which a cargo, ship, profits or other insurable interest in movable property may be exposed during a certain voyage or a fixed period of time.
Personal Accident Insurance
Provides monetary compensation for death and physical dismemberment / disablement caused by accident. Medical Indemnity and protection against death by murder and assault may also be provided. Non-accidental death benefit due to natural causes may also provided subject to approval of the company.
Types of Personal Accident Insurance:
- Individual or Group Personal Accident
- Student Personal Accident
- Travel Accident
- Family Personal Accident
Bonds
Guarantees the performance if a principal’s obligation or undertaking in favor of another party called obligee.
Types of Bonds
- Surety Bond
- Fidelity Bond
- Bidder’s Bond
- Performance Bond
- Custom’s Bond
- Internal Revenue Bond
Engineering
Contractors All Risks (CAR) is an insurance covering buildings and civil engineering projects during construction against accidents resulting to loss, damage or destruction of materials, work in progress, construction plants, machinery and equipment. It is also covers third party liability in respect of property damage or bodily injury.
Other Engineering Lines:
- Erection All Risks Insurance
- Machinery Breakdown Insurance
- Boiler Pressure Vessel Insurance
- Deterioration of Stocks Insurance
Comprehensive General Liability
Insurance against third party liabilities due to bodily injury or property damage caused by accident and arising out of hazards from premises – operations.
Equipment Floater
Insurance for heavy machines and equipment such as tractors, bulldozers, cranes, road rollers and the like against all risks of direct physical loss or damage from any external cause.
