General Insurance Products

Enwealth General Insurance Products

Overview                     Trustee Liability Insurance

This cover protects the trustees of a pension scheme or managers of a trust fund in case the actions they take while in the cause of their duties result into losses to the fund they manage. The action that leads to losses must be proved to have been out of negligence.

Directors and Officers Liability

Covers the directors and managers of an organization against claims that may arise from the decisions and actions taken within the scope of their regular duties.

GPA/WIBA

This is a policy designed to cover employees for both work and non-work related accidents. The WIBA part responds only if the injury is work related and is per the Act limits while the Life Assurance Policies part responds to non-work related accident but must not necessarily be in conformity to the Act limits.

All Risks

This policy provides cover for loss of or damage to the property insured by Fire, Theft or any Accidental means not excluded by the Policy.

It is suitable for mobile items like cameras, laptops, personal computers, videos and other fragile electronic items, personal items, baggage etc.

Due to the mobile nature of most items, cover will not be restricted to the premises. Policy will usually have the territorial scope as Kenya or Worldwide in respect to items such as laptops and cameras.

Theft/ Burglary

The Burglary policy compensates for the insured’s property stolen from their business premises. There must be a forcible entry into or exit from the premises for this policy to offer compensation, meaning that the premises must be broken into or someone forcefully finding their way out.

Policy will also cover the costs of repairing damages to the premises in the course of the theft. Cover may also be extended to include riot & strike and any theft following a hold up.

Consequential Loss

This policy responds to consequential losses arising from risks covered under fire and allied perils section. Examples of such consequential losses include loss of profit, rent, wages or increase or additional expenses in the cost of working within a given period.

Contractors All Risks

This insurance provides comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and or construction machinery as well as against third party claims in respect to property damage or bodily injury arising in connection with the execution of the contract

Motor Insurance

Covers are available for the following categories of vehicles:

Private Cars – These will include Saloons, Station wagons, Estates, and the large Four Wheels. The key aspect of these vehicles is that they must be used for social, domestic and pleasure purposes only.

Commercial vehicles – These will range from small half ton pickups to the large monster trucks on the roads. They will also include: Vans and company/school buses The key aspect here is that the vehicles must only be used for the insured business only and will exclude all usage for hire or reward .Carriage of passengers is usually excluded in this class but can be bought back at a modest fee.

Other vehicles – These will include agricultural type vehicles of tractors, combine harvesters, construction vehicles of graders and shovels, to emergency response vehicles of ambulances, fire tenders etc.

The policy extends to include your personal liability either as an owner or an occupier of the premises to third parties, for damage to third party property or death/injury to third parties arising out your use of the premises.

Scope of the cover:

For each category of vehicle, three types of covers can be purchased;

Third Party Only (TPO) – This is the basic and minimum cover available. It provides for liability to third parties only in respect of bodily injury and damage to third party property. It is the mandatory cover that a motorist should have.

Third Party Fire and Theft (TPF&T) – In addition to the TPO cover above, this cover extends cover the insured’s vehicle against the risks of fire and theft, including partial theft.

Comprehensive – This is a superior cover to all the others as in addition to TPF&T, it extends to cover any other accidental damage to the vehicles including collision, overturning, effects of floods, Earthquakes etc.

Cover can be arranged on buildings only, contents only or for both buildings and contents.

Domestic Package

It is arranged to cater for almost everything you have worked hard for in your household including;

The buildings,

The contents (furniture, clothing, kitchen equipment cutlery etc.)

The electronics (TVs, Videos, Cameras, Watches, Music systems etc.)

Domestic servants (indoor and outdoor)

Sports equipment (Golf, squash, riding etc.)

Pets ( See Annex below on detailed description on Pet insurance)

The policy extends to include your personal liability either as an owner or an occupier of the premises to third parties, for damage to third party property or death/injury to third parties arising out your use of the premises.

Scope of the cover:

Fire

Theft

Accidental damage

Liability to third parties

Occupational accidents (death or illness to the servants as per the Workmen’s Compensation

Act, including your liability as an employer at common law for acts of negligence)

Pet Accident / Disease / burglary / Epidemic, emergency slaughter, transit of pet cover can be arranged on buildings only, contents only or for both buildings and contents.

Electronics Insurance

The policy protects the insured equipment against any unforeseen and sudden physical loss of or damage.

Causes of the loss will include;

Accidental damage

Fire

Theft (an extension on the policy)

Internal damage due to short circuiting etc.

In case of computers, the policy can also be extended to include costs of replacing lost or damaged external data media and costs of reproducing lost data. Any increased costs of working as a result of the loss or damage can also be recovered under the policy.

The policy will operate when the insured items are at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the functions themselves. Usually a premises cover but can be extended to cover temporary transits away from the premises.

Work Injury Benefits Act (WIBA)

This is a policy designed in compliance with the WIBA Act of 2007 to cover employees against accidental loss of life or disability arising out of a work related accident.

The benefits payable under WIBA and occupational diseases is based on the provision of Work Injury Benefits Act, Chapter 13 of 2007 Laws of Kenya.

Employers Liability

Even though an employee gets paid under the WIBA policy for injuries from a work related accident as per the recommendations of the WIBA Act of 2007, they may feel inadequately compensated hence still pursue their employer for further compensation through an action in court. Employers Liability policy then responds to indemnify the employer against the expenses awarded to the employee by the court of law up and above what is paid under WIBA up to limits specified in the policy.

Fidelity Guarantee

Fidelity Guarantee is a cover that offers protection against loss of money or goods from business premises, through dishonest/fraudulent acts of employee.

Cover can be arranged for named positions or on all employees of the insured.

This is a very important cover, as most insurance policies will exclude theft by employees/servants.

Fire and Perils

The basic cover responds to loss or damage to property caused by fire, lightning and explosion and is extended to include riots, strikes, malicious damages, storms, earthquakes, floods, and water damages due to bursting or overflowing water tanks apparatus and pipes. Property covered includes: buildings, furniture, fixtures and fittings, plant and machinery etc. A Fire policy (basic cover) will provide cover for damage or destruction to insured property by Fire, lightning or explosion of domestic appliances.

Life Assurance Policies

The Personal accident cover provides compensation to the insured for physical and visible body injury caused in an accident. It goes on further to cover individuals if the injury as a sole cause results in death or disablement.

This cover may be extended, at an additional charge, to include additional risks such as riot & strike.

Industrial All Risks

This is a special policy designed to cover an industrial entity against all risks that may affect the operations of the entity such as fire, theft and loss of profits.

The policy is suitable for large establishments.

Machine Breakdown

This policy protects the machinery insured against any unforeseen and sudden physical loss of or damage.

Causes of the loss will include:

Bad workmanship

Faulty design of the machine

Shortage of water in boilers

Short circuiting etc.

Machinery to be covered under this policy will include factory production machinery, workshop machinery, generators, industrial lathes, drills, compressors etc. Costs of airfreight and increased costs incurred as result of such damage can also be covered and recovered under the policy.

Money Insurance

This covers money while in premises in a locked safe, in hands of authorized employees and while in transit to and from the bank. It covers money while being moved from premises to bank and vice versa. The cover also extends to cover money within the premises in safe and strong room. It also covers money in hands of senior staff and damage to the safe. In all cases limits are provided and the estimated annual carry.

Professional Indemnity

Covers the insured from losses that may result from professional malpractice.it covers awards arising out of court judgments, defense costs, and loss of documents, fees and expenses.

Public Liability

The Public Liability protects an insured person or organization against their legal liability to members of the public (third parties) arising from;

Death or bodily injury to third parties

Loss of or damage to third party property

If out of the negligence of the insured within his premises, a third party is injured or loses property, public liability insurance protects the insured against the costs resulting from the suits that the third party may institute against the insured.

Personal Accident

The Personal accident cover provides compensation to the insured for physical and visible body injury caused in an accident. It goes on further to cover individuals if the injury as a sole cause results in death or disablement. This cover may be extended, at an additional charge, to include additional risks such as riot & strikes.

Travel Insurance

The increase in international travel has meant that risks associated with it have grown. This coupled with the high cost of medical care abroad has made travel insurance vital for any traveller. Travel Insurance provides 24 hours emergency and medical assistance anywhere in the world. You can enjoy easy and carefree international travel. Some of the benefits you will enjoy with travel insurance include travel delay/flight cancellation, medical and emergency expenses, loss of baggage, personal accident, loss of money and personal liability.

Golfers Sportsman Insurance

The insurance provides cover against the following contingencies happening on a golf course or club premises:  golfing equipment & personal effects, personal accident, liability to the public, fire theft, all risks, hole – in – one and medical expenses.

 

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