- Your Assets - ‘Property all risks’ protects your physical assets such as buildings, fixtures, contents, and equipment against the widest range of risks.
In fact, if it is not specifically excluded it is covered, that means, that all common perils such as fire, theft, explosion, flood, malicious damage, accidental damage and much more are covered. - Your Profits - Quickly getting your business back on track after an unfortunate event is essential for any educational entity. Our business continuity cover does just that. We will pay your lost profits and additional costs needed to rebuild your facility and help get back in operation.
- Your Students - Public liability cover protects you against legal liability due to accidental bodily
injury and damage to the property of your students and other third parties.
Business Guard Educare provides food poisoning as well as personal accident cover for your students. We also protect you against unfortunate events during excursions & athletic activities that you may be held liable for. - Your Faculty - In addition to employer’s liability, this product provides workmen’s compensation to your employees who suffer from bodily injury or disease during employment, in accordance with the Labour Law applicable to your business.
We have also included faculty & school board’s liability cover which protects the teachers, school board and employees, against claims of alleged or actual breach of duty, neglect or errors.
Contact Us
- Email: sme@chartisinsurance.com
Business Guard Forms
Business Guard Educare
As an educational establishment your students and reputation are exposed to a number of risks outside of your control. We at Chartis understand these risks and have designed this product to protect you against a wide range of unexpected events.
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Coverage at a Glance
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| 1.0 | Your Assets | Sum Insured/Limit |
|---|---|---|
| 1.1 | Property all risks
Building, contents, furniture, fixtures, decorations and equipment | Up to a maximum sum insured of AED 10,000,000 |
| 1.2 | Money
|
|
| 1.3 | Breakage of fixed glass or signage | AED 5,000 |
| 1.4 | Additional assets:
Providing cover for damage to works of art, tapestry, business books, clothing, personal effects and more | AED 5,000 per item
and AED 25,000 per event |
| 1.5 | Architect / surveyor / engineer fees | 10% of property sum insured |
| 1.6 | Fire protection costs | 10% of property sum insured |
| 1.7 | Debris removal | 10% of property sum insured |
| 2.0 | Your Profits | Sum Insured/Limit |
| 2.1 | Business interruption (gross profit) | Up to a maximum sum insured of AED 5,000,000 |
| 2.2 | Loss of rent | Up to a maximum sum insured of AED 5,000,000 |
| 2.3 | Increased cost of working | Up to AED 100,000 |
| 3.0 | Your Liability | Limit (per event) |
| 3.1 | Public liability | AED 1,000,000 |
| 3.2 | Liability towards neighbors | AED 1,000,000 |
| 3.3 | Liability due to sign boards | AED 10,000 |
| 3.4 | Food poisoning | AED 500,000 |
| 3.5 | Liability arising during excursions & athletic activities organized by the insured locally or abroad | AED 1,000,000 |
| 4.0 | Your Students | Limit (per event) |
| 4.1 | Personal accident | AED 50,000 per student
and AED 2,000,000 per event |
| 5.0 | Your Faculty | Limit (per event) |
| 5.1 | Professional liability | AED 200,000 |
| 5.2 | Managerial liability | AED 200,000 |
| 5.3 | Employment practices liability | AED 200,000 |
| 5.4 | Defense costs | AED 50,000 |
| 5.5 | Defense costs for failure to supervise (molestation & abuse) | AED 200,000 |
| 6.0 | Your Employees | Limit (per event) |
| 6.1 | Workmen’s compensation | As per the Labour Law applicable to your business |
| 6.2 | Employer’s liability | AED 4,000,000
(per event and in the aggregate) |
| 6.3 | Medical expense cover | AED 15,000
(per employee per accident) |
| 6.4 | Repatriation expense cover | AED 15,000
(per employee per accident) |
| 6.5 | Traveling to and from residence/work | As per the Labour Law applicable to your business |
| Deductibles Per Section | ||
| Section 1: AED 500 shall be deducted before each payment made. For any damage by earthquake a deductible of 1% of the total sum insured with a minimum of AED 500 will apply.
Section 2: First three days. Section 3: AED 1,500 shall be deducted before each payment for third party property damage and no deductible will apply to third party bodily injury. Section 4: No deductible. Section 5: AED 1,500 shall be deducted before each payment Section 6: No deductible. | ||
The information and descriptions contained herein are not complete descriptions of the products and services, but are for general informational purposes only. Please refer to the actual policy wording, which contains reductions, limitations, exclusions and termination provisions. If there is any conflict between the contents of this document and the policy wording, the policy wording will govern. These products and services are underwritten by American Home Assurance Company, a member company of Chartis Inc. Certain names, words, titles, phrases, logos, icons, graphics or designs may constitute trade names, registered or unregistered trade-marks of Chartis Inc. used under license by Chartis Inc