PUBLIC LIABILITY INSURANCE This coverage, often referred to as third party liability covers aircraft owners for damage that their aircraft does to their party property, such as houses, cars, crops, airport facilities and other aircraft struck in a collision. It does not provide coverage for damage to the insured aircraft itself or coverage for passengers […]

Products PRODUCT LIABILITY The objective of product liability Insurance is to protect the insured against his legal liability for injury to third parties or loss of or damage  to their property caused by good Sold, Supplied, Repaired, Serviced or Tested by the insured. The same condition applies as to public liability. It is usually arranged […]

Products PRESSURE PLANT This policy covers explosion of boilers and pressure plants but does not cover rupture of tubes inside the boilers. Both perils can be covered under MB policy and hence we should wherever possible include this in our MB portfolio. Since it would practically mean granting extra cover within the scope of tariff […]

Products MONEY INSURANCE This covers loss of cash to and from Bank or branches for the payment of salaries and other expenditures whilst in transit and on the Customer’s premises until disbursed provided money not disbursed the same day are kept in strongly locked safes/ strong room.   Summary of cover includes money whilst in: […]

Products MARINE CARGO COVER This insurance is against all risk of loss of or damage to the Cargo due to perils of the sea. It does not cover loss, damage or expenses proximately caused by delay or inherent vice or nature. A certificate is usually issued against a letter of Credit (LC) on a consignment […]

Products MACHINERY BREAKDOWN It covers unforeseen and sudden physical loss of or damage to plant, Machinery and Mechanical Equipment at work, at rest or during maintenance operations, lack of skill, carelessness, shortage of water in boilers, explosion, tearing apart on account of centrifugal force, short circuit, storm or other cause not specifically excluded. Machinery insurance […]

Products LIABILITY INSURANCES This type of insurance is designed to protect the insured against his legal liability at Law to third parties for: Accidents causing Death or Boldly injury (including illness) to members of the public (ie accidental happenings) Accidental loss of or damage to the property of members of the public (ie physical damage) […]

Products HOUSE HOLDER INSURANCE Provide all risk cover against any loss or damage caused by fire, flood, storm, tempest and all such perils as stated in the policy to the insured property. The cover is divided into 3 sections namely: Building Contents Personal liability Premium Rating     Building – 0.225%     Contents – […]

Products GOODS-IN-TRANSIT This policy covers loss or damage caused by an accident including loading and unloading:  Policies could be issued in respect of: Own goods in own vehicles Own goods conveyed by carriers Carriers conveying other person’s goods Type of Cover Restricted Cover: Cover damage when the conveying vehicle is on fire or on collision. […]