Protect your productive assets with property insurance which can be contracted on the basis of specific hazards which will be covered against named risks that provide a broad base of protection or All Risks format where in principle all risk of loss or damage is covered except for those properties or hazards expressly mentioned as excluded.
Inventories of your business can be insured against risk of loss such as fire, theft, natural perils and other hazards both while they are stored as well as in transit throughout the national territory. Modalities of fixed and floating policy are available.
INSURABLE ITEMS
- Buildings and Dwellings
- Office Contents and Furniture
- Machinery & Equipment
- Merchandise, Inventory and Stocks
- Business Interruption
- Other Specific Properties (Solar Panels, Glass, Signs, Pools
TYPES OF PROPERTY COVERAGE
Named Perils Basis: insures direct physical loss or damage to insured property only when directly caused by the occurrence of one or more of the perils which must be specifically named and defined in the policy such as:
- Fire
- Direct Impact of Lightning
- Explosion
- Hurricane
- Tornado
- Hail
- Earthquake
- Flood
- Burglary with Violence
- Smoke Damage
- Water Damage caused by rain entering the premises.
- Riots, Strikes, Malicious Damage and Vandalism
- Merchandise in Transit,
- Removal of Debris
- Impact of Airships or Land Vehicles
- Water Damage caused by Accidental Rupture of Pipes
- Spontaneous Combustion
- Collapse of Stowage
- Collapse of Buildings, Structures, Tanks and Silos.
All Risk Basis: preferred option of professional brokers for large commercial and industrial risks with multiple exposures to loss and a lot of diversity of the assets to be insured.
There is not a list and no definitions of the insured hazards, hence all types of direct loss or physical damage to insured property are covered EXCEPT those specifically referred to as EXCLUSIONS.
Therefore, although the term All Risk is used, it refers more to the coverage mechanism and should not be interpreted as if everything were being covered, as in fact it is not.