What is All Risk Cover?
Provides an organization cover against accidental physical loss or damage to specified items as a result of any cause which is not specifically excluded from the policy. Who is this product for? It's suitable for businesses with fixed and movable work property.The cover includes loss or damage from theft, fire, and accidental damage including riot and strike. It is important that the insured lists the items to be covered and their respective values/sum insured.
- Your name
- Name of organisation
- Type of organisation
- Provide a list of items to be insured with their respective cost price/value
- Phone contact and email address
We will not cover the following:
- War and related perils war
- Radioactive contamination
- Damage caused to property in the open by storm, wind and water unless such property is designed to operate in open
- Road registered vehicle, locomotives
- Wear and tear, depreciation (but resulting damage is covered)
- Installation, erection, dismantling of the machine above 100,000,000 contract price as new (but removal under own power is covered)
- Hydraulic test of boiler and pressure plant
- Wilful act or wilful negligence by insured executive management
- Loss due to fines for breach of contract
- Loss from prototype, untried or experimental nature of item
- Un explained losses or shortages
- Fraud or dishonesty of insured, own employees
- Defective material, design or workmanship exclusion (or equivalent)