This cover is a comprehensive policy, which covers a wide range of risks that a large industry may face in its operations. Provides cover against accidental loss or damage within or out of the premises to items such as electronics, cameras, mobile phones, laptops etc.
Features & Benefits
- Buildings, machinery, furniture, fixtures and fittings and electrical installations will be compensated according to the value that will be required to rebuild it (reinstatement value) and stocks will be compensated according to their market value.
- In case you under-insure your property, this will be ignored when you make your claim if it is not above 15% of the sum you insured.
- This policy covers against damages, which may be caused to your machinery and equipment when they are sent out for repairs. It is valid for damages, which occur within a 60-day period from the date they are sent out for repair.
- This covers damages that may occur as a result of transit within the compound of the industry.