Our Standard Fire Policy is a property damage policy. The policy provides cover to Loss or damage to your property caused by Fire, Lightning and Explosion (of gas or boiler used for domestic purposes).
Earthquake, Windstorm, Flood, Explosion, Riot, Strike and Civil Commotion, Bursting or overflowing of water tanks pressured equipment or pipes, Malicious Damage. Impact by road vehicles and animals, Aircraft and other aerial devices or articles dropped there from
The policy may be issued to cover: Buildings, Furniture, fixtures and fittings, Plant, Machinery and Equipment, Office Equipment, Stock-in-trade from raw materials to finished products. In addition, the following expenses which may be incurred following the occurrence of an insured peril can also be insured: Cost of Removal of debris, Architects, Surveyors and Consultant Engineers' Fees.
The Insurance Act, 2021 make it compulsory per section 218/219 for owners and occupiers of Commercial buildings including Office spaces, Shopping Malls, Factories, Hospitals, and any other place that may be specified by Regulations by requirement to insure and maintain Commercial Building insurance of the scope below;
A person who constructs or causes to be constructed a commercial building shall insure and maintain insurance under the qualifying commercial building insurance contract with a licensed insurer. A commercial building refers to a building or space, including a building occupied by the Government or a public institution
A commercial Building insurance contract shall provide with respect to;
Our Asset All Risk insurance policy can be taken in place of a Fire & Allied Perils policy. The policy is usually designed for corporate clients who want a complete insurance package to cover a wide range of their risk. The policy is on an All Risk basis, except for those that the policy specifically has excluded. It covers unforeseen, unexpected, sudden, accidental physical loss of or damage/destruction to property of our client (the insured).
Our business interruption policy provides adequate protection to your business during any interruption of or disruption to your business operations. The policy is designed to cover our client during the period of interruption:
The material damage policy covers only the physical loss or damage to the property insured but does not cover loss of profit arising from such physical damage. As a result of the loss or damage to the physical assets, the Insured is unable to carry out its planned level of business, thus leading to a fall in gross profits.
Where your business is dependent partly upon the continued existence of the premises of suppliers, customers or other persons or bodies from whom you receive services or facilities, the policy can be extended to cover loss resulting from damage by insured risk at such other premises.
Therefore, our business interruption policy ensures that the acquisition of your business property intended to generate income is secured. That is, Revenue Loss is adequately and reasonably secured even during interruption caused by destruction or damage to the physical property.
Our Hoteliers insurance policy is a package policy specifically designed to provide Hotels and Guest House owners all the Insurance Policies they need for their hospitality business. It covers buildings and their contents against the risks of Fire, Lightning, Explosion, Earthquake Riot and Strike, Civil Commotion, Tornado or Windstorm, Flood, Malicious Acts, Bursting or overflowing of water tanks, damages caused by aircraft among others.
The other covers included in the package are Theft, Plate Glass, Business Interruption, Money cover, Public/Product liability, Personal Accident and Employers' Liability.
Our Money insurance provide protection against accidental Loss, Damage or destruction to money. Money is expressed to include cash, bank and currency notes, cheques, postal and money orders. The cause of damage may include fire and other causes unless specifically excluded whilst;
Our Good-In-Transit policy is designed to provide indemnity to our client (the insured) for accidental loss of or damage to the whole or part of the goods owned by our client or for which they are responsible, whilst in transit. The policy will responds to claim resulting from;
Our GPA insurance policy is designed to provide cover to the insured against injury (permanent or temporary) or death resulting from an accident. The policy operates on a 24 hours’ basis. The policy covers employers’ liabilities to their employees through injury or death on the following;
Our Burglary insurance policy is designed to provide indemnity to our client (the insured) against loss or destruction or damage to property insured as a result of theft or attempted theft involving forcible and violent entry to or exit from our clients (the insured) premises.
Our Fidelity insurance policy is designed to provide indemnity to our client (the insured) against the infidelity of the insured persons resulting to loss of property or money as a fraudulent act by the employee(s) insured.
Our Workmen’s compensation insurance policy provide cover for liability at law of our client (an Employer) towards his Employees for death and/or bodily injury sustained or illness contracted arising out of and in the course of the employee’s employment under the contract of service or apprenticeship with the employer.
The Workmen's Compensation Act 1987 (Ghana) makes it compulsory for any Employer of labour to set aside funds to compensate any worker who may sustain injury at the work place. An employer may choose to insure his liability under the Act and in addition can extend his liability to cover claims under Common Law.
Compensations awarded are tied to the Higher Executive Officers Salary in the Civil Service, and the attending doctor’s percentage degree of incapacitation awarded. The policy can be extended to cover Common Law liability in view of the limitation (Higher Executive Officers Salary) in a situation where an employee feels dissatisfied by the compensation awarded and proceeds to court.
The WC Act 1987 requires an employer of labour to pay compensation to any employee who may be injured, killed or incapacitated by accident arising in the course of employment on the following scale:
Our Public liability insurance policy covers our clients’ (the insured) legal liability to pay compensation for death or injury to third party and damage to property of third party caused by or through negligence of our client (the insured) or your employees or by defects in your premises. The cover includes legal costs incurred by the insured with the prior consent of the insurer.
The Insurance Act, 2021 make it compulsory per section 214/215 for owners and occupiers of Commercial buildings including Office spaces, Banks, Shopping Malls, Factories, Hospitals, and any other place that may be specified by Regulations by requirement to insure and maintain public liability of the scope below;
A public liability insurance contract shall provide indemnity for the insured person against
Our professional indemnity insurance policy indemnifies our client (the insured) against any claim for damage for breach of professional duty which may be made against our client (the insured) during the period of insurance due to any negligent act, error or omission whenever or wherever the same was or was alleged to have been committed by our client (the insured) or their predecessors in business in the conduct of the business.
The Insurance Act, 2021 make it compulsory per section 216/217 for an employer of a professional person shall insure and maintain an insurance under any qualifying professional indemnity insurance cover with a licensed insurer for the professional person of the scope below;
A professional indemnity insurance contract shall, indemnify the insured professional against
Our D&O policy is a liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification/reimbursement for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
The policy can be extended to cover defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.
The policy indemnifies banks for accidental losses or damage sustained within stated limits under the various insuring clauses of the policy, which includes: -