General

What Is A General Insurance?

General insurance covers insurance of property against fireplace, burglary, theft; personal insurance covering health, travel and accidents; and insurance covering legal liabilities. This class of insurance nearly covers all sorts of insurance except life. Other covers might embody insurance against errors and omissions for professionals, credit insurance etc. Common sorts of general insurance area unit motor, fire, home, marine, health, travel, accident and different miscellaneous sorts of non-life insurance.

Unlike insurance policies, the tenure of general insurance policies is often not that of a period of time. The usual term lasts for the period of a selected economic activity or for a given amount of your time. Most general insurance products are annual contracts. There area unit but, a number of product that have an extended term.

Home insurance

Protection from damage to the following elements in a home

Residential property
Contents in the home
Personal effects
Domestic employees
Third party liabilities

The policy offers protection from all types of fire, lightning, full explosion, earthquake, impact, riot, strikes etc.

Property Insurance

This provides indemnity to business premises, contents and stocks against loss or damage to property caused by;

Fire
Burglary
Political violence & terrorism
All risks
This policy is right for property developers, industrial firms with relation to their plant and machinery, general contents, office equipment and stocks in trade.
Electronic Equipment Insurance
This policy provides coverage to your electronic equipment against sudden mechanical and electrical breakdown, faulty material and design, lightning, over voltages and unforeseen physical damage.
This policy is right for civil engineers, construction firms in property development and maintenance of bridges, roads, dams, sewerage and other infrastructural erection.
Machinery Breakdown Insurance
Machinery breakdown insurance provides cover against sudden and unforeseen physical loss or damage to the insured machinery.

This covers the cost of repairing or replacing indemnifiable breakdown or losses to machinery.

Consequential loss/Business interruption/Loss of profits Insurance

This policy covers the lost income/profit which would have been achieved by the business if the interruption due to material damage had never happened.

This policy is right for, rentals, schools and colleges, professional firms such as estate agents, solicitors, accountants & doctors, manufacturing companies, storage companies and traders of stocks.

Marine Cargo Insurance

This policy covers goods being transported by sea or air against loss from sinking, stranding, fire, collision, sea water, heavy weather, contact, explosion, damage during discharge or loading, special charges incurred at the point of distress and a wide range of other perils.

Marine Hull Insurance

The policy provides protect loss or harm to insured vessel as well as legal liabilities to 3rd parties, legal costs and salvage charges.

Liability Insurances

The purpose of liability insurance is to provide indemnity to the insured in respect of the financial consequence of legal liabilities towards third parties arising out of business activities.

The main classes of liability insurances are:

Public liability
Product liability
Employers liability
Work Injury Benefits Act
Professional Indemnity

Transit of goods

This policy provides protect loss or harm of products whereas in transit by road, rail or any inland waterway within the geographical area set out in the policy.

This policy is right for transport firms, individual transporters and provision firms concerned in transportation of letters or package.

General

What Is A General Insurance?

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Home insurance

Property Insurance

Consequential loss/Business interruption/Loss of profits Insurance

Marine Cargo Insurance

Marine Hull Insurance

Liability Insurances

Transit of goods

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