Coverage provided under SME Business Insurance:
STANDARD COVER
Property All Risks
Comprehensive cover to safeguard your property in the event of any accidental physical loss or damage resulting from a cause not specifically excluded.
OR
Fire and Extraneous Perils
Covers your property against physical loss of or damage caused by fire and/or lightning, explosion, aircraft damage, bursting and overflowing of water pipes, earthquake, windstorm, volcanic eruption, hurricane, cyclone, typhoon including full flood, malicious damage, riot and strike, smoke, vehicle impact damage and other insured perils.
OPTIONAL COVERS
Business Interruption
Protects you against loss of profits or revenue as a result of interruption in your operations due to the insured damage to your property.
Burglary
Covers you against loss of or damage to your property or premises caused by theft or attempted theft.
Electronic Equipment
• Material Damage - Covers accidental physical loss of or damage to the electronic equipment resulting from a cause not specifically excluded.
• External Data Media - Covers expenses incurred for replacing external data media and re-recording of such information.
• Increased Cost of Working - Covers additional expenditure incurred for the use of alternative electronic equipment during the indemnity period.
Machinery Breakdown and Loss of Profits Following Machinery Breakdown
Safeguards your plant and machinery from any sudden and unforeseen physical loss or damage as well as any faulty design to your plant and machinery not known to you. Loss of profits due to such interruption will also be covered.
Deterioration of Stocks
Covers you from loss of or damage to stock held in refrigerated storage on the insured premises.
Plate Glass
Insures you against breakage of glass as well as the costs and expenses of shoring and propping of the damaged portion(s) of the insured property.
Money
Covers you against loss of money and/or securities kept within the insured premises or whilst in transit.
Liability
Protects you against legal liability to third parties for accidental bodily injury or accidental property damage.
Products Liability
Protects you against legal liability to third parties for bodily injury or property damage caused by defective products supplied by you.
Work Injury Compensation
Protects you for any liability under Work Injury Compensation Act or at common law to compensate your employees for death or bodily injury due to an accident in the course of employment.
Fidelity Guarantee
Insures you against loss of money and/or property due to fraud or dishonesty of your employees.
Inland Transit
Covers loss of or damage to your goods whilst in transit by land conveyance.
Group Personal Accident
Provides 24 hours’ worldwide protection for your employees against injuries, death or permanent disabilities arising from an accident. It includes coverage against Terrorism.
