Accidents Insurance

Many insurances which are not predominantly fire, motor, engineering or marine, are termed 'accident' insurance. There are many risks involving losses through theft, legal liability for negligence, errors and omissions, accidental injury to the human body, and the like. Such potential losses can be crippling to those who suffer the consequences and hence the need for insurance protection in this area.

The usual insurance policies we offer are as follows:

Theft/Burglary Insurance

This policy is designed to cover loss or damage to the property contained in buildings of standard construction, following forcible and violent entry or exit. It is most useful to owners of shops, groceries, warehouses and other business premises where goods of any description are kept.

Money insurance

Theft of money by robbery continues to increase. The Corporation’s money policy is designed to cover loss of money by ‘any means whatsoever’ whilst on the premises, in transit, in safes, at sites, in residences of partners and directors and in the hands of collectors and salesmen. The policy also extends to cover damager to safes, cash boxes and strong rooms as a result of theft or attempted theft of money. Money in this sense includes bank notes or cash, cheques, postal orders and money orders.

Plate Glass Insurance

This covers breakage of window or door glass, mirrors, show cases, etc. it can be can extended, on payment of extra premium, to include accidental damage to windows frames, fixtures, fittings and goods displayed in windows, and the cost of boarding-up after breakage.

Fidelity Guarantee Insurance

The Corporation issues polices to employers guaranteeing the fidelity of managers, secretaries, clerks, cashiers, travelers, collectors and other employees holding positions of trust. Defalcations or embezzlements by even trusted employees are on the increase. The aim of this policy is to reimburse the employers against theft of their money or stock by specified employees or any employee if the policy is issued to cover all employees.

Public Liability Insurance

Every person in business and every owner or occupier of premises may be called upon to pay heavy sums as compensation for accidents. Every trader has this constant liability to the public and the advisability of obtaining protection against this class of risk by means of insurance is very wide terms, and can be extended to cover products liability i.e. legal liability to third parties for death, or damage to their property caused by goods sold, supplied, repaired, services, installed or tested by the insured.

Employers’ Liability Insurance

An employee of labour can either by statute or common law be held legally liable for death of or injury to his employees either by accident or through illness. This liability exists independent of any liability imposed under the Worker’s Compensation Act and can be insured under an employers’ liability policy. This policy provides wide cover including legal costs and expenses.

Personal Accident Insurance

Death, disablement or incapacity of the bread winner can be a serious loss indeed for his or her dependents. The Corporation’s Personal Accident Policy is designed to provide cover for accidental death, injury or disablement. Capital sums are payable in the event of death, loss of limbs, sight, fingers or hearing and paralysis or other permanent injury. Weekly sums are payable for any period (up to 104 weeks in all) during which the insured is disabled from carrying on his usual business or occupation.

In addition, the Corporation will pay the cost of medical expenses connected with the accidents. Policies can be written for groups of people connected in a club, family, business, employment, or similar undertaking. This is known as Group Personal Accidents. Cover may be arranged on the basis of multiples of annual earnings or for fixed amounts.