Frequently Asked Questions
What is covered under Section A?
Section A covers loss or damage to buildings, personal effects, furniture, fixtures, stocks, etc., against various perils.
Can I customize my coverage?
Yes, you can choose specific sections that match your business needs, and tailor-made quotes are available.
What is the premium rate for Section B?
The premium rate for Section B is 0.125% of the property's value, minimum Kshs. 2,500.
Is there cover for theft by employees?
No, theft by employees is not covered under Section C: Burglary.
What are the key benefits of the policy?
Comprehensive Coverage, Specialized Support, and Flexible Customization.
How is the Work Injury Benefits Act (WIBA) Insurance Policy applied?
It covers expenses for injuries or death suffered by employees whilst on duty, with premiums based on estimated earnings.
Are portable items like laptops covered?
Yes, under Section D: All Risks, portable items are covered for loss or damage in accidental breakage, theft, or fire.
What is the scope of Public Liability insurance?
It covers 3rd Party legal liability claims in and out of the business’s premises for accidental death, injury, or damage.
Is there cover for loss of money?
Yes, Section G: Loss of Money covers loss of money in transit or on-premises, including damage to safes.
What are the funeral expenses benefits under WIBA?
The funeral expenses limit is Kshs. 30,000 per deceased person under Work Injury Benefits Act (WIBA) Insurance Policy.