Credit Insurance Commerce (“Credit Insurance") is insurance giving protection to You for loss caused by a bad debt for sale of goods or service.
Many companies who sell their products or services in the domestic or export market (Insured) are facing the risk of poor debt payment.
Credit Risk is risk do not pay for of receivable by customer / buyer which emerge if payment is not done before or at the time of goods delivered or service done.
(back to top)
Industrial All Risks
This policy indemnifies the insured if the property insured situated in the premises within the geographical area is accidentally and physically lost, destroyed or damaged. It will also indemnify the insured if the business carried at the specified premises is interrupted or interfered with.
This policy is designed for all commercial and industrial businesses to insure against loss of income as a result of peril to an insured.
Consequential Loss Insurance
This policy pays such expenses as were reasonably incurred due to interruption of trading to reduce the prospective loss during the interruption period.
This policy is designed to provide cover for the contents within household dwellings. It may also be issued to cover properties in hotels, residential clubs, and boarding houses.
Loss of Profit
This policy indemnifies the insured for loss of profits and/or increased cost of working due to interruption as a result of damage as defined under the Fire & Additional Perils Policy.
Erection All Risks
This area of Engineering Insurance policy offers comprehensive and adequate protection against all the risks involved in the erection, testing and commissioning of machinery, plant and steel structures of any kind. Third party claims in respect to property damage or bodily injury arising from connection with the execution of an erection project are also covered.
Constructor's All Risks
Contractors' All Risks offers comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and/or construction machinery. Protection is also offered against third party claims in respect of property damage or bodily injury arising in connection with the execution of a building or civil engineering project.
Machinery Breakdown Insurance covers any sudden and unforeseen damage to the insured machinery, plant or equipment whilst either at work or rest and during clearing, maintenance, overhauling, inspection, or removal to another position within the premises. It would exclude gradual damage and loss from any cause, which is foreseeable.
Covers the risk of loss and/or damage to objects like telephone systems, data processing equipment, electronic installations.