Kidnap & Ransom
K&R insurance policies typically cover the perils of kidnap, extortion, wrongful detention, and hijacking. ... The policies do not pay ransoms on the behalf of the insured. Typically, the insured must first pay the ransom, thus incurring the loss, and then seek reimbursement under the policy.
Environmental Insurance Cover
Environmental risks are rising up the boardroom agenda, with environmental losses having the potential to adversely affect a company’s reputation more than ever before.
Environmental insurance is a specialist form of insurance providing cover against losses that could be incurred as a result of third party and regulatory action arising from pollution or contamination
Political risk insurance is designed to mitigate against the loss of commercial assets, income or property as a result of a political risk event. The policies can provide coverage for a wide range of risks, including political violence, expropriation, currency in-convertibility, non-payment, and contract frustration.
Stability in a country sometimes breaks down after crumbling gradually in full view of the media, but the old order frequently collapses with little warning, leaving investors, lenders and contractors unprepared and out of pocket
Our Cyber Insurance is there to protect businesses of all sizes against the impacts of cyber-attack, including loss of income, loss of customer data, loss of intellectual property, network failure, reputational damage and extortion, forensic investigations, system audits, and legal and regulatory advice.
Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.
Group Term Life
Key employee Benefit that provides Employees with a level of Company paid life cover free of charge. Benefit on death is normally between 2 and 4 times of employee’s basic salary.
The death does not have to be at work or in the work place to be eligible for a pay-out. Additional Benefit for Employees included in the Staff Package, making the Company more attractive to prospective staff. Scheme is tailored to Client’s own requirements with different levels according to employment status of the individuals. Additional Permanent Total Disablement Cover in the event of an accident can also be included. Premium paid may also qualify as an allowable business expense. Having Death in Service lets the Employees know that their loved ones are taken care of financially if they die without having to pay anything themselves for the cover.
Helps Moral of the Company and can provide vital support to an employee’s family at a very difficult time.
Terrorism & Assailant Insurance
There are 3 separate sections as follows:-
Physical Damage resulting from:-
Acts of Terrorism, Sabotage, Riots, Strikes and/or Civil Commotion, Malicious Damage. Insurrection, Revolution, or Rebellion/. Mutiny, and/or Coup d”Etat, War and/or Civil War
(Collectively known as acts of Political Violence)
Property damage: Damage to property insured at the Premises used in connections with the Business, solely and directly caused by an Armed Assailant event.
Business Interruption: Loss and extra expenses at the premises during the period of restoration solely and directly resulting from
Damage to property insured covered by Section 1
Bodily injury or death solely and directly caused by an Armed Assailant event
A determination by the relevant authority that I consequence of an insured event occurring at the insureds premise during the period if insurance, the insured’s operations conducted at the premises must be temporarily or permanently ceased in whole or in part.
Chemical. Biological, Radioactive and Nuclear and Cyber terrorism
Sums Insured and Limits of Indemnity
Section 1. US$ 200,000,000 any one occurrence and in the aggregate during the period of insurance
Section 2. US$ 25,000,000 any one occurrence and in the annual aggregate