COMMERCIAL INSURANCE

Covering your commercial insurance requirements

Fire

Fire cover insurance protects against the damage caused by the natural elements of fire, flood, earthquake, storm, lightning, explosion, theft and other specified perils in respect of the building, machinery, stock and other contents.

Contents

Comprehensive insurance for office contents and documents against fire, burglary or flood. The Contents Insurance covers all of the office contents inside the business; fixtures and fittings, files, chairs, furniture etc.

Accidental Damage

Accidental damage insurance is the Accidental damage to property or loss by any cause that is not specifically excluded, or for which insurance may be available under any other policy.

Accidental damage Insurance for sudden and unforeseen loss or accidental damage, damage as in physical damage of an item or something that has a ‘loss of function.’

Accidental damage insurance cover excludes damage caused by:

• Wear and tear

• Deterioration with age

• Willful or deliberate acts

• Defective workmanship

Contractors All Risks

Comprehensive contractors insurance for contract works.

This contractors insurance cover provides accidental and malicious damage and theft at a contract site, it includes work in progress, tools, and fixed and unfixed materials on site.

Directors and Officers Liability

Directors and Officers insurance Liability cover is the breech of a fiduciary duty by a director or officer of the business.

Directors and Officers liability insurance (D&O) ensures the directors, officers and the company are protected against such damages. If the director or officer accidentally acted outside the terms of reference, compensation and legal fees will be covered by the D&O insurance. On the other hand, if the act was deliberate then it might not be covered.

Electronic Equipment

A comprehensive insurance for computers, laptops, other electronic equipment.

Employers Liability

Employers Liability insurance is the liability towards employees upon death or injuries whilst on duty.

Fidelity

Fidelity insurance is the loss of money and suspicious loss of property due to dishonest employees.

Theft, embezzlement, forgery and computer crimes can be insured under Fidelity insurance.

Machinery Breakdown

Machinery Breakdown insurance is for the unforeseen and sudden physical loss of or damage to machinery.

Machinery Breakdown Business Interruption

Business Interruption insurance for the loss following the interruption of, or interference with the business, in consequence of damage to property insured under the Machinery Breakdown and business interruption insurance policy.

Money

Financial insurance for the loss of money in the form of cash and cheques, theft and loss of money happens every day.

Motor

Motor insurance is the comprehensive or limited insurance for every vehicle.

Comprehensive, 3rd party and 3rd party fire and theft cover is available

Professional Liability – Errors and Omissions

Professional Liability insurance is compensation due to the negligence or failure of professional person’s.

Theft – Following forcible/violent entry/exit

Theft Insurance for loss or damage caused during theft.

Goods In Transit – GIT

GIT insurance provides comprehensive insurance for goods transported via rail/road or by air.

Workers Compensation

A legal requirement in Botswana. Protection of employees against death or injury at work.