Our Marine Insurance
Our Marine Insurance covers the loss or damage to cargo and ships. They are mainly classified into two, which is marine cargo and marine hull. This policy may also be taken to cover air cargo and other types of freight.
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.
If you are a contractor, our Contractor’s All Risk/Erection All Risk is highly recommended for you.
The Policy provides all risk cover to contractors in respect of both temporary and permanent works, in the course of construction or erection, and until the job is handed over by the contractor to the employer. The cover extends to also include loss of or damage to the unfixed materials or equipment on site. Our policy allows for all items of constructional plant/machinery, equipment, tools and the like, and also temporary buildings for use as site offices and their contents to be covered. There is also a third party liability cover up to and not exceeding a specified amount for which you as the contractor shall be legally liable consequent on: –
The plant machinery and equipment of the Contractor being used in connection with the contract may also be covered under the policy.
GLICO General’s Electronic Equipment policy is specially designed to cover all electrical and electronic systems such as Electronic Data Processing equipment, Electrical equipment for medical use, equipment for research and material testing, communication facilities, computers, etc. The policy provides an all risk cover against any unforeseen and sudden physical loss or damage by any cause (other than the exclusions specified in the policy), thereby necessitating their repair or replacement.
This policy covers all types of machinery, plant and mechanical equipment, including construction equipment, plants, production equipment, etc. at work or at rest or during maintenance operations. The policy covers unforeseen and sudden physical loss of or damage to plant, machinery and equipment which necessitate their repair or replacement.It therefore covers such causes as faulty design, faulty operations, malicious acts, physical explosion, short circuit, storm etc.