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MISCELLANOUS INSURANCE (MACHINERY BREAKDOWN (UNDERWRITTING PROCESS (AGE…

- - - - Declared total loss,compensated full amount of goods,depends on market value
    - - Cover half of total loss basis
  - - - Stocks-in-trade,furnitures and fittings
    - - 1.Jewelleries 2.Households 3.Personal effects 4.Furnitures
- - - - 1.Negligence,carelesseness,short-circuit,lack of skills
- - - - Person that are less directly involved compared to main people or organization involved
      - Liability
        
        Bodily Injury
        
        Loss/ damage to the property/belongings of third party
- - - - Covers named of position w/o name of individual
    - - Insured decide the specified amt of individual according to positions /responsibility
    - - Covers individual person's name in the policy for the stated amount
    - - Covers all employees w/o show guaranteed name/positions
        
        Sum insured is fixed for anyone loss
    - - Extension of collective
        
        Sum insured reduced as each claims made.
        
        Need to pay extra premium for reinstate the cover