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images (Condition (Record, Cancellation, Precaution, Reinstatement,…
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THEFT POLICY
Covers insured against loss/damage to insured property consequent upon actual, forcible/ violent entry into/ exit from premises
Covers damage to insured property/ premises as result of theft/ any attempt threat including armed robbery/ hold-up
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Exclusion
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Theft by any member of insured's family, staff, domestic servants/ any person lawfully in the premises
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MONEY POLICY
Designed to cover organizations and individuals that handle and transact cash in large volumes against loss of own-money or money for which the insured is responsible.
Money Includes
Cash, Cheque, Bill of exchange, Postal/ Money order and Stamps
FIDELITY GUARANTEE
It covers well establish or organization i.e. organization or firms with proper accounting procedures, full annual audit and effective systems
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Scope of cover
Fire, lightning and explosion
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CROP POLICY
Definition
Crop policy is purchased by agricultural procedures, including farmers, and others to protect themselves against either the loss of their crops due to natural disasters,such as hail, drought and floods.
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Scope of cover
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Lack of skill, carelessness
Physical explosion, tearing apart on account of centrifugal force
Defects in casting and material, faulty at workshop in
erection, bad workmanship
Additional Peril
Flood, Windstorm, Animal and aircraft damage, Riot, strike, Malicious damage
Scope of cover
Monies in the personal custody of the Insured’s authorised employees whilst in direct transit between the premises and bank or post office
Money in the Insured’s premises during and outside normal business hours,contained on locked safes or strongrooms and Money in locked drawers or cabinets or cash registers.
Cost of repair or replacement to the damaged locked safe or strongroom resulting from theft of money or any attempt threat
MACHINERY BREAKDOWN
Covers against loss or damage due to breakdown of plant and machinery after successful completion of their performance acceptance tests, whether they are at work or overhauling or when being shifted within the premises
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