Get coverage built to protect your business.
Trade Credit insurance provides cover against non-payment of business-to-business trade related debts. This ensures that your business is not adversely affected by the unforeseen failure of non-payment by one or more of your customers. We provide cover countrywide for domestic transactions and also any global export transactions.
Trade Insurance Products
Money Insurance
This insurance covers loss of money which includes cash or currency notes occasioned by robbery or theft or any cause whilst in transit or in premises
Covers:
- Money in Transit.
- Money in premises during and after business hours while locked in drawers.
- Money with the directors at residence or in transit.
- Money with authorized staff.
- Money in locked safe.
- Money with the tellers at the counters or locked drawers.
- Value of safe or strong room.
- Unused local Authority, NSSF, or NHIF stamps.
Marine Insurance
Marine Insurance is International in nature. It is a transit risk policy covering movement of
cargo from one specific point to the other point of discharge. The risk attaches from the time
goods leave the warehouse of the consignor who is named in the policy and continues during
the ordinary course of the voyage up to the consignee’s warehouse.
- The hull i.e. the vessel itself.
- The cargo i.e. what the vessel is carrying.
- The freight i.e. the sum paid for transporting goods or for the hire of the ship.
- Liability towards third parties.
Peril/Risk covered
The perils covered under marine Insurance are:
- Marine Perils (Perils of Sea) – This may include fire, explosion, jettison, storm,
collision, sinking, contact with objects fixed or floating etc. - War, strike, riot and civil commotion.
- Extraneous Perils – Such as pilferage, non-delivery, rain water damage, and hook
damage, oil damage, heating, breaking, denting etc.
Aviation Insurance
Also known as aircraft insurance, aviation insurance typically offers both property and liability coverage to aircraft. So, it covers losses that can result from aviation risks such as damage to property, loss of cargo, or injury to people. In many countries, aircraft owners and operators are required by law to purchase insurance for third party liability
Benefits
