Important Exclusions
Important clauses
The policy is subject to:
Loss of use
Provides compensation for financial loss while the insured aircraft is unable, as a result of accidental damage, to operate as intended (but not as a result of total loss). Vero Aviation
2.1 Aviation Hull War
Designed to cover loss of or damage to aircraft arising from events such as (but not limited to) war, invasion of foreign enemies, revolution, riots, extortion, hijack etc which are normally excluded from the Hull Policy.
2.2 Non Ownership Liability
Provides cover for people or entities who use aircraft owned by other parties.
Aviation Insurance Policy
Boilers, steam apparatus and other pressure vessels may be insured on its own through the Boiler Explosion policy. A boiler stores up substantial energy, which on being released by explosion, can cause extensive damage and sometimes bodily injury.
Scope of Cover
The policy is designed to cover explosion (the sudden and violent rending or tearing apart of the permanent structure of a boiler or other apparatus by force of internal steam or fluid pressure) and collapse (the sudden and dangerous distortion of any part of a boiler or other apparatus by bending or crushing caused by steam or fluid pressure).
Among covers provided by the policy are damage to the boiler or other apparatus described in the schedule, damage to auxiliaries and surrounding property e.g. buildings and machinery, liability of the Insured at law for fatal or non-fatal injuries sustained by any non-employee, liability of the Insured at law for damage to property belonging to third parties The policy can also be extended to cover inland transit, extra cost for overtime, express delivery and airfreight.
General policy exclusions include defects due to wearing away or wasting of materials, grooving or fracturing whether by leakage corrosion or by fuel action, failure of individual tubes in boilers of water tube, damage to Insured’s property caused by fire whether resulting from explosion or any other cause whatsoever, loss sustained by stoppage of work, loss or damage arising out of hurricane, cyclone or other convulsion of nature, any kind of consequential losses.
COVER: Loss or damage to property insured resulting from forcible or violent entry / exit from Premises
Following extras can be included
This cover is ideal for small and medium enterprises. It has several sections namely: Fire & Perils, Burglary, All risks, Fidelity Guarantee, Cash (money), and Goods in Transit.
COVER: Loss in Profits due to-Reduction in turnover or increase in cost f working to maintain turnover as a Result of any admitted claim under current fire Insurance. Cover is to replace loss of income due to resultant damage.
Limits of insurance:
Following extras can be included
Whether you’re a small suburban builder, a major infrastructure contractor or anything in between, we will work with you to construct a plan providing the cover, and peace of mind, you’re after.
Our specialists are qualified in the construction and engineering field and understand the risks you face and the protection you expect. We can design specific wording on request to meet your individual needs whether the risk is across all major segments including mining, civil works and infrastructure.
Our specialist products include:
COVER: Fire, Theft & Accidental Damage or Loss to:
Any construction of buildings &/or civil engineering based contracts undertaken by
Insured to constructions, maintenance including insurance of works on site
Important clauses
Excluding Professional indemnity
Sub–Standard workmanship
Sub Standard materials
Unproven Technology
Following extras can be included
Third Party Liability
Damage to existing/surrounding Property
Materials & Equipment on site/ Architects &/or Engineers Fees
Through our finance associates, the group offers insurance premium financing to clients who would prefer to spread their payments while managing their finances.
The service gives our clients better control of their cash flows by eliminating the need to make huge lump sum payments at the time of taking cover.
It also facilitates consolidated insurance payments by enabling an easy payment plan for multiple policies.
NOTES
Some of the specialised policies are not available off the shelf but require an individual application.
Please inquire from our office.
Information provided is a summary but for full details ask for a specimen policy document.
The list of policies provided will be continuously updated for the existing and with new policies will be added upon market launch.
Provides cover against the following:
EXCLUSIONS
Kidnap and Ransom/Extortion Insurance not only protects against financial loss but also provides the services of Kroll Associates, leading crisis management and security consultants, to manage incidents on the policyholder’s behalf.
Life insurance is most commonly used to protect your family from any financial effects of your and/or your spouse’s premature death. However, it can be difficult to think about or plan for such an event. And, unfortunately, adequate planning is often put off until it’s too late.
Family Protection
How Much Life Insurance Do I Need?
How much protection does a family need? That’s a difficult question because it depends on so many factors that can’t be predicted – like how long you will live. A simple approach is to plan for the worst case (e.g., immediate death) and decide how much money surviving family or loved ones will need to handle such matters as…·
. Final expenses, including funeral costs·
. Debts, including mortgage
This is an all risks “Accident” insurance and provides indemnity against unforeseen and sudden physical loss or damage to specified machinery, plant, mechanical equipment and apparatus arising from the following causes not excluded in the policy. Such covered causes are:-
Important Exclusions
Important clauses
A Public Liability Policy provides indemnity against legal liability to third parties for both bodily injury and property damage incurred in the course of the insured’s business. This could be as a result of
The cause of loss should be “accidental” as it is not the intention of the policy to cover deliberate acts or omissions.
Important Exclusions:
Professional / Contractual / Motor Third Party Liabilities
Important clauses
The Machinery Breakdown Loss of Profits Insurance is an optional cover that could be purchased to supplement the Machinery Breakdown insurance. It protects the loss of gross profits and/or increased cost of working due to a continuing interruption to business caused by a breakdown covered by the Machinery Breakdown insurance. The interruption usually comes in the form of time spent in arranging repairs, awaiting delivery of repaired or replacement parts (sometimes from overseas), starting up the plant and re-activating the business.
Scope of Cover
With increasingly sophisticated machinery and longer delivery periods from manufacturers, any such interruption is a cause of great concern to the owners especially when the cash flow dries up, standing charges are not met, wages and creditors remain to be paid and shareholders looking for a profit, a situation which this Loss of Profits policy is designed to remedy.
Motor trade insurance is split into different sections:
Important clauses
Excluding Loss or damage caused by
– Theft or malicious damage perpetrated by any partner employee or member of your family unless it involves forcible or violent entry to or exit from the premises
– Theft of or malicious damage to portable or mobile equipment left in the open
-. Any losses discovered during a routine inventory
– Damage to boilers by overheating, cracking or joint leakage
-. Breakdown of plant and machinery
.- Theft by fraud or deception
-. Loss or damage to any motor vehicle whilst subject to the Road Traffic Act or which is more specifically insured under a motor policy
In general, a pension is an arrangement to provide people with an income when they retire and are no longer earning a regular income from employment. …
There is Tax benefit upto a certain level of Premium payment with a registered Insurance Company.
For individuals pension policy is known as an Annuity.
What Is an Annuity?
An annuity is a pension contract between you as an individual and insurance company; you put money into the contract (purchase payments) and in return, it can provide a lifetime income stream on retirement age. There are many different types of annuities, but the common benefits among all annuities are that they
(1) Help individuals accumulate money for retirement.
(2) Provide monthly income that can be guaranteed to last for as long as they live, or
(3) Both
Group pension schemes.-Employee
Private sector schemes can be either final salary schemes known as defined benefit schemes or money purchase schemes known as defined contribution schemes.
Employers can set up an occupational pension scheme for their employees. An occupational pension scheme can be offered to both public and private employees. These are based on :
Known as money purchase scheme
Executive pension schemes( Final Salary Basis)
This is similar to above save that the amount of pension payable to the executive will be 66% of the final salary at the retirement date
thus has a variable premium to allow for this facility.
The policy provides indemnity to the insured against loss and/or destruction/damage to glass by accident or misfortune of a fortuitous character. Items covered can include:
Cover against the actions, or omission of actions, by a foreign government that:
Asset / investment protection
Coverage to include the following events:
Aviation offers cover for:
Cover: Any loss or damage suffered by customers/ third parties due to goods manufactured or supplied by insured & or their agents
Following extras can be included
Recall Extension
Legal Costs
This policy provides cover for all stocks against loss or damage by fire & Allied perils and theft whilst stored in the insured’s owned or leased premises or any other specified locations (i.e. Branch Network) or in transit anywhere in Kenya.
Act requires following benefits made available in event of claim:
Important Exclusions
Important clauses
Optional Group Personal Accident cover to extend the policy to 24 hours cover.
Your company’s directors and officers could be exposed to significant personal liability in the course of doing their jobs. If action is taken against them, it could mean financial ruin.
Directors and Officers Liability Insurance covers the directors and officers and provides reimbursement cover to your organisation if it indemnifies the directors and officers for liability or incurred defence costs.
Policy coverage also includes:
Home insurance is a comprehensive insurance package that ensures peace of mind in the comfort of your home. It provides cover for a dwelling house and contents against fire and other specified perils, for contents against theft following a break-in, for portable items against all risks, domestic workers for injuries sustained while at work as well as owners/ occupiers liability. Your home insurance covers against:
Insurable Sections-
SPECIFICATION
Section A- On Buildings
Section B- On Contents
Section C- On All Risks (on Valuables)
Section D -On Workmen’s Compensation -servants
Section E -building Owners Liability
Section F -Occupiers/Tenant’s Liability
The policy includes cover for damage or loss caused by:
The term ‘Electronic Equipment’ comprises in the context of this insurance all electrical and electronic systems such as:-
Material Damage cover
This is an “Accident” insurance basis covering sudden and unforeseen physical loss or damage other than specifically excluded perils. Such risks are
Data media cover
Increased cost of working cover
Important clauses
The policy is subject to:
Clauses
COVER: Fire, Theft & Accidental Damage or Loss to:
Any engineering based contract undertaken by Insured to erections, commissioning
Including insurance of works on site and factory
All equipment sold, serviced, supplied, installed by insured or specifically mentioned including subcontractors Indemnity and annual maintenance visits cover.
Important clauses
Excluding Professional indemnity
Sub-Standard workmanship
Sub Standard materials
Unproven Technology
Following extras can be included
Third Party Liability
Damage to existing/surrounding Property
Materials & Equipment on site
The policy indemnifies the insured against direct pecuniary(Assets & Money) loss that he may sustain through acts of dishonesty by an employee in course of his employment.
The basic Fire policy provides indemnity against loss or damage to property described, caused by fire, lightning and explosion. The cover can be extended to include following additional perils.
Important Exclusions
Important clauses
The most common clauses are:
Unattended vehicle endorsement
Cover provided by this policy is for accidental death or injury to the insured in the course of employment.
Provides cover for 24 hours round the clock
Policy provides benefit under:
Funeral Expense
Cover provided for:
EVENTS COVERED
There are three sets of I.C.C viz; A, B and C
Clauses
In addition to the institute cargo clauses mentioned above, other important clauses are: –
A..IN-PATIENT (HOSPITALISATION)
This caters for expenses where an insured person is confined to a hospital bed, for the purpose of closely monitored medical attention.
The scope of Cover is based on the following: –
Special Exclusions.
Expenses arising from:-
– Maternity care, child birth, abnormal pregnancy, disorders of the reproductive system, infertility, abortion and miscarriage.
– Except the first ever operation for caesarean section in an insured person’s lifetime.
– Child care in the event of an operation for caesarean section.
– Family planning procedures.
– Cosmetic & Beauty treatment and/or surgery (unless necessitated by injury).
– Nature cure clinics, health hydro, sanitaria or custodial care.
– Procedures of experimental nature and not accepted or approved by the medical profession, such as acupuncture, chiropractic treatment, etc.
– Home nursing or hospital stay, arranged partly or wholly for domestic reasons.
This caters for expenses where an insured person receives medical treatment and/or services at a hospital, a doctor’s clinic, or at any other recognized health facility, without being confined to bed
The scope of Cover is based on the following: –
– Professional doctors’ fees.
– Charges for theatre/surgery.
– Expenses for diagnostic examinations, such as X-rays ,CT Scans and Laboratory tests.
– Consultants’/Specialists’ fees.
– Drugs & Medicines.
– Surgical appliances.
Special Exclusions.-Expenses arising from:-
– Maternity care, child birth, abnormal pregnancy, disorders of the reproductive system, infertility, abortion and miscarriage.
– Family planning procedures.
– Cosmetic & Beauty treatment and/or surgery (unless necessitated by injury).
– Nature cure clinics, health hydro, sanitaria or custodial care.
– Procedures of experimental nature and not accepted or approved by the medical profession, such as acupuncture, chiropractic treatment, etc.
– Home nursing, arranged partly or wholly for domestic reasons.
Important Clauses
Common extensions are: –
It’s a commercial vehicle policy but for the special types vehicles such as tractors, trailers, excavators.
Third-party only
This is the most basic level of cover, and the bare minimum required by law. All three policy types have this.
If you cause a road accident and someone else is injured or their car is damaged, it’s not fair for them to have to pay out of their own pocket to fix this.
This is where third-party cover comes into play, which covers:
You aren’t covered for damage to your own car, or any injuries you sustain after an accident that’s deemed to be your fault. That’s coming out of your own pocket.
Third-party, fire and theft
A third-party, fire and theft policy has all the benefits of a third-party policy, but with one or two extras.
As the name suggests, the policy offers extra protection for your car if it’s stolen or catches fire.
This kind of policy may also cover you for damage that happens as the result of an attempted theft, eg if a thief breaks your window to steal your stereo.
Comprehensive cover
This level of cover gives you all the benefits of third-party, fire and theft, but with a few added extras.
For one, a comprehensive policy covers damage to your own car, even if an accident is deemed to be your fault.
Comprehensive policies also tend to have cover for windscreen damage.
Some insurers may also throw in a courtesy car with comprehensive policies, but not all of them do.
It’s a commonly-held belief that comprehensive policies are the most expensive to buy, since they offer the most benefits.
This isn’t always the case. Higher-risk drivers tend to go for third-party policies as a means of lowering their costs. As a result, the cost of third-party policies go up.
Although many people refer to comprehensive insurance as “fully comp”, it may not offer absolutely everything.
For example, breakdown cover might not come as standard on most policies, so you’ll have to pay extra if you want all the bells and whistles.
Cover: Any loss or damage suffered by customers/ third parties due to goods manufactured or supplied by insured & or their agents
Following extras can be included
Recall Extension
Legal Costs
If you or your employees provide professional services involving specialized knowledge or expertise such as advice, design, consultancy, opinion or analysis, you need professional indemnity protection.
Important clauses
The most common clauses are:
Public liability insurance protects the insured in respect of legal liability for:
· bodily injury to third parties; and
· any loss of or damage to third party property.
Third parties are not employees, but will include members of the public who:
· visit the insured’s premises;
· occupy or visit premises at which the insured is carrying out work;
· occupy or visit surrounding premises.
THE COVER:
The Insurer will indemnify the Insured against all sums that the Insured becomes legally
liable to pay as damages in respect of accidental,
(a) Injury to any person
(b) loss of or damage to Property
(c) obstruction, trespass, nuisance or interference with any right of way, air, light or water
….arising out of and in connection with the Business.
EXCLUSIONS
Unless otherwise specially stated hereon the indemnity expressed in this policy shall not apply to or
include liability, damage or loss:-
1) Assumed by the Insured by agreement unless such liability would have attached to the Insured not
withstanding such agreement
2) In respect of injury to any person who is a member of the Insured’s family or who at the time of sustaining such
injury is engaged in the service of the Insured or for compensation claimed from the Insured by an injured person
or dependent under any Workmen’s Compensation or WIBA Legislation.
3) In respect of property:
(a) Belonging to or in the charge or under the control of the Insured or of any servant or agent of the
Insured.
(b) Being that part of any goods or land or building or structure on which the Insured or any servant or agent
of the Insured is or has been working.
4) In respect of injury or in connection with or arising from;-
(a) The ownership or possession or use by or on behalf of the Insured of any Animal, cycle,
vehicle, locomotive vessel of any kind aircraft lift elevator escalator crane hoist or other lifting machinery
not specified in the Schedule under the heading of the Plant.
(b) Fire, earthquake, explosion, flood fumes, water pollution or bursting of boilers.
(c) Deflective sanitary installation or poisoning of any kind or foreign deleterious matter in food or drink.
5) In respect of loss arising from damage to any land or property or building caused by vibration or by the removal
or weakening of support.
6) For any consequence of war invasion act of foreign enemy hostilities (whether war be declared or not) civil war
rebellion revolution insurrection or military or usurped power.
7) Arising out of the action of any commodity used or applied or administered by the Insured or by any employee or
agent of the Insured or supplied by the Insured for use consumption or application.
8) Injury or damage arising in the course of or as the result of remedial or other advice or treatment given or
administered by the Insured or by any person acting on behalf of the insured
9) Any property of any description due to the manufacturer, construction, alteration, repair or treatment of such
property by the Insured or by any person acting on behalf of the Insured.
10) Legal liability of whatsoever nature caused by or arising from ionizing radiations or contamination by
radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.
Travel insurance has been tailored to meet all needs of students, groups, individuals, and corporate business travelers. For peace of mind in a foreign environment do not leave home without your Travel Insurance Cover. Travel insurance product is tailored to cover Accidental Injuries, medical expenses, losses of personal effects, Baggage and travel delays & flight Cancellations, hijack, personal liability and legal expenses etc.
Cover can be arranged for a single journey or on an annual basis to allow for multiple journeys. Either for individual traveller or with family or for corporate staff
