Accident Policies

Fire and Allied Perils Policy

Did you know that sections 183 and 184 of the Insurance Act 724, make it compulsory for all private buildings under construction or completed and used for commercial purposes to obtain Fire insurance?

Our Fire and Allied Perils policy has been designed to cover losses or damages to your property resulting from Fire, Explosion [specifically of gas used for domestic purposes] and Lightning. It also covers loss or damage arising from such perils as Impact, [usually by vehicles or animals], riot & strike, bursting or overflowing of water tanks, apparatus or pipes, flood, earthquake, hurricane, tornado, windstorm, cyclone, aircraft or any other aerial device.

Your legal liabilities as owner of the premises in respect of loss of or damage to property, bodily injury or death suffered by third parties are also covered up to a limit of GHC20,000.

Such properties as office equipment, stocks, raw materials, furniture and fittings, plants and other equipment may also be covered.

With the GLICO General Fire and Allied Perils Policy, you would not only become compliant with the legal requirements but have peace of mind; rest assured that your property is secure.

Please click on a product name for more details.

Goods In Transit

As a Road Haulage Operator or Distributor you are liable for the safe delivery of goods to their destination whilst being carried by road, and/or businesses which transport their own goods from one place to another, against damage or loss through accidents, fire, or highway robbery. Our Goods in Transit policy ensures that where there is loss or damage to goods following robbery, an accident or fire, you are indemnified to the extent of the loss or damage.

Employers liability

This policy indemnifies the employer against his legal liability for injuries to his employees resulting from accidents arising out of or in the course of their employment. The Workmen’s Compensation Act makes it compulsory for any employer of labor to set aside funds to compensate any worker who may be injured at the work place whether or not the employer is guilty.

Group Personal Accident

Our Group Personal Accident provides compensation for accidental death or bodily injuries to a member of a group of people such as workers or members of association, clubs, etc. It is a very important policy considering the various types of risk which as an employee or a member of a group you are exposed to on a daily basis.Unlike the Workmen’s Compensation, the Group Personal Accident Policy provides a 24 hour cover. It is usually more advantageous for a group of people to take this type of cover than for each of them to take individual personal accident cover, because it becomes cheaper in cost.

Fidelity Guarantee

The GLICO General Fidelity Guarantee Policy offers your company protection against the infidelity or dishonesty on the part of your employees such as accountants, cashiers and other categories of employees who handle money or deal with the finances/cash of your company. The policy reimburses your company for all loss of money due to acts of fraud and dishonesty on the part of employees.

Money Insurance

The nature of your business may require that cash is sent to and from your business premises to the bank and vice versa, or kept temporarily in a secured safe in the office. The risk of theft whilst the cash is in transit or kept in the safe is very real. The GLICO General Money Insurance Policy indemnifies you against loss of cash, bank drafts, currencies notes, treasury notes, coins, cheques and current postal orders and stamps as result of an accident or an armed robbery attack whilst in transit from your premises to the bank and vice versa or from one branch office to another and/or loss of monies otherwise locked in a safe as result of a break-in.

The exposures covered are:

  • Money – In – Transit
  • Money In Safe
  • Money on premises during business hours

Money in residence of authorized employees

 Professional Indemnity

This policy is designed to protect your business from financially crippling and often reputation-damaging claims by dissatisfied clients. It is a fact that, even the most respectable companies can find themselves in dispute with a client over a mistake. Our Professional Indemnity Policy is available to cover your exposure to:

  • Negligence: or breach of duty of care
  • Intellectual property: unintentionally infringing on others’ copyrights, trademarks, broadcasting rights, any act of passing off
  • Loss of documents/data: damaged, lost or stolen data and documents belonging to your clients
  • Dishonesty: liability arising from the theft of your clients’ money

The policy also covers the cost of fixing any mistake on your part, thus avoiding a larger claim being made. You are also protected if you lose or damage any clients’ documents in your care. 

directors and officers Liability

This is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under policy.


Our Burglary policy covers loss or damage to the subject matter such as stocks and contents as a result of forcible and violent entry into or exit from the premises.


The risks associated with the transportation of goods from one destination to another are what this policy covers. It cover for loss or damage to goods while in transit by any insured vehicle against fire, theft following violence and damage of goods as a result of accident to the carrying vehicle. The insured is also covered whilst the insured property is in the course of loading or unloading from the conveyance or whilst temporarily housed in the ordinary course of transit.


The Money insurance policy indemnifies the insured against accidental loss or damage to the insured’s cash, bank and currency notes, cheques, postal orders etc. while in transit from one specified location to the other. Cash-Hold policy is effective when the insured’s cash is being held up in the business premises. Cash-in-Safe cover provides indemnity against damage or loss to the insured’s cash while they are being kept in safe at the insured’s location.

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