Business insurance
2
Liability
Cover for claims brought against you by third parties, including claims arising from professional advice.
Property & Casualty
Protection for buildings, plant and stock, and for the income lost while damage is being put right.
- Covers
- 5
- Typically for
- Any business with premises, plant, stock or a contract works exposure.
In practice
Property is usually the largest single line on a commercial programme, and the one where the wording matters most. Two policies can both say “fire” and answer very differently on flood, on the basis of settlement, and on how long they will keep paying once you have stopped trading.
The questions worth settling before renewal are the sum insured basis (reinstatement or indemnity), whether the indemnity period on business interruption is long enough to actually rebuild, and which perils sit inside the policy rather than in an extension you have not bought.
What it covers
5 covers
- Fire & Allied Perils
- The building, plant and stock against fire, lightning and explosion, with perils such as storm, flood, impact and malicious damage added by extension.
- Business Interruption Including Loss of Profits
- Replaces the gross profit lost while trading is suspended after damage, and meets the standing costs that continue while you are shut.
- Engineering Insurance
- Plant and machinery against sudden breakdown, and contract works against damage during construction or erection.
- Property All Risks
- Accidental loss or damage from any cause not specifically excluded, rather than only from a named list of perils.
- Engineering
- Statutory and periodic inspection of pressure vessels, lifts and lifting gear, alongside cover for the plant itself.
Cover names are those used in the Zambian market; the exact scope of any policy depends on its wording and endorsements. We will set out what a quotation does and does not include before you bind it.
Get in touch
Ask about property & casualty
Tell us what you need to cover and a broker will come back with options from the licensed market. There is no charge for a quotation.
Related classes
All classesBusiness insurance
2
Marine
Cover for goods in transit, for the vessels that carry them, and for the liabilities that arise at sea.
Business insurance
3
Surety & Bonds
Guarantees that support tendering, contract performance and banking obligations.