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ALL RISK INSURANCE
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All Risks Insurance covers
Office Equipment at the office or at the factory. The cover provides for all kinds of physical loss or damage other than normal
wear and tear. |
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MACHINERY BREAKDOWN
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Machinery Breakdown Insurance is an All Risks "Accident" Insurance for
machinery supplementing the coverage of Fire Insurance. Thus it covers
unforeseen and sudden physical Loss of or Damage to the Insured items,
necessitating their repairs or replacement. |
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WORKMEN'S COMPENSATION INSURANCE
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| Workmen's Compensation Insurance provides cover to
Workmen against death or injury in the
course of employment which caters for compensation in accordance with
the Workmen's Compensation Act. |
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CASH-IN-TRANSIT
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| The Transit of cash from the Bank to office
premises and site and vice versa could be covered under the
Cash-in-Transit Policy. The premium is calculated on the estimated
total carryings during the year. |
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CASH-IN-SAFE
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| If there is considerable amount of cash in
safe it is suggested that a Cash-in-Safe Insurance Policy be effected to cover this amount. |
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BURGLARY INSURANCE
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| This cover provides protection against the goods
stolen or damaged as a result of Burglary or House Breaking or any
attempt thereat following actual forcible violent entry into the
premises. |
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FIDELITY GUARANTEE INSURANCE
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| Fidelity Guarantee Insurance is that branch of
Insurance which deals with indemnity effected by Employers against
losses arising from dishonesty of employees. The Guarantee is in form
of an agreement whereby the Insurance Company for a consideration
undertakes to compensate the Employer upto an agreed sum should the
loss happen from the event insured against. |
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CONTRACTORS ALL RISKS AND PUBLIC LIABILITIES INSURANCE
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| This type of Policy covers a
Contractors against virtually all types of material damage
(excluding war) to his plant, material on site and building
completed or under construction. This cover is extremely wide as
will be seen from the following list of perils covered: |
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| Fire Lightning, Thunder-Bolts,
Earthquakes, Storm including Hail, Tempest and Flood, Landslides,
Subsidence and Collapses, Riots and Civil Commotion, Strikes and
the like, Aircraft or Articles dropped there from, Theft,
Pilferage, Impact by road vehicles, Accidental Damage to building,
Machinery or Plant. |
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| The Policy also includes "Public
Liability" Cover upto an agreed limit any one loss : in other
words, this Policy also provides the insured with indemnity for
Liability to Third Parties. |
| The Policy is normally issued for the
full value of the Contract and the premium is quoted on this
figure for the full term, subject to adjustment when the final
figures are available. |
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CONSEQUENTIAL LOSS INSURANCE
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| Consequential Loss Insurance could be effected in the
Fire and Machinery Breakdown Department. |
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COMBINED FIRE AND BURGLARY POLICY
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| This Policy is a combination of Fire Insurance and
Burglary Insurance. This type of Policy is granted on Private
Residential Risks only and could be availed of by the Officers of your
Company. |
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TRAVELER'S ACCIDENT INSURANCE
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| Provide cover for Accident Death or Bodily injury
whilst traveling from one place to another and commences from the time
the person commences his journey and continues till the period he
wishes to cover. It is ideally suited for a person traveling
frequently by Air because in addition to providing cover for his
flight it covers any accident during this period of Insurance not only
in Pakistan but anywhere in the world. |
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GENERAL THIRD PARTY PUBLIC LIABILITY INSURANCE
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| Multinationals often opt for this Cover. Generally
Speaking the Insured is indemnified for all sums of Money that he
shall become legally liable to pay for death of or bodily injury to
any person and/or direct damage to property by accidents on the
premises in respect of Third Parties. |
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