ALL RISK INSURANCE
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.
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.
WORKMEN’S COMPENSATION INSURANCE
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.
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.
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.
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.
FIDELITY GUARANTEE INSURANCE
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.
CONTRACTORS ALL RISKS AND PUBLIC LIABILITIES INSURANCE
CONSEQUENTIAL LOSS INSURANCE
Consequential Loss Insurance could be effected in the Fire and Machinery Breakdown Department.
COMBINED FIRE AND BURGLARY POLICY
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.
TRAVELER’S ACCIDENT INSURANCE
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.
GENERAL THIRD PARTY PUBLIC LIABILITY INSURANCE
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.