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.
Our burglary policy indemnifies you against loss of or damage to your property [often movable property] by theft following entry or exit from the premises by forcible and violent means. Damage sustained by the premises in the course of the burglary is also covered.
Such property as stock in trade, raw materials, furniture, office equipment may be covered
Did you also know that by law, business owners have liabilities to third parties who may suffer accidental bodily injuries, death, and damage to their property arising out of the owner’s business activities?
Well, our Public Liability policy shall indemnify you as a business owner against such liabilities. The policy also extends to cover legal cost claims brought to you by the claimant. If your business premises are used by a large number of customers and the general public, example in the case of construction sites, offices, shops, hotels, it is very necessary that you take our Public Liability policy to ensure peace of mind.
The home owner’s policy is designed exclusively to cover loss or damage to your private dwelling (house), as well as your household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.
The GLICO General Householders’ Policy is designed exclusively to cover loss or damage to your household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.
If you are a shop owner, then you definitely need the GLICO General Comprehensive Shop Owners Policy. It is a uniquely designed for you as a small scale business owner who buy and sell goods/items. This policy has been exclusively designed to combine the benefits of our fire and allied perils policy and the burglary policy.
The policy provides cover for:
against loss or damages arising from fire or its allied perils or when theft occurs following forcible entry or exit into or out of the shop.
A free public liability of up to GH¢500.00 per accident is an additional benefit on the policy.
This policy indemnifies the insured against loss, destruction or damage to the insured property from any cause whatsoever (except where specifically excluded), from accidental, sudden and unforeseen cause. It is an all embracing Policy, which covers Fire and Allied Perils (Flood, Tornado, Windstorm, Earthquake, Burst Pipes and apparatus, Lightening, Strikes, Riots and Civil Commotion) as well as Burglary/Theft.
The Policy Schedule is divided into three sections:
Contents – Office Equipment, Furniture, Fixtures and Fittings.