| AIG Kenya Businessman's Combined Policy
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| This
policy combines the following classes of insurance in one document and is tailor-made
for small to medium size businesses with a sum insured up to Kshs. 20 million.
There are nine sections under this package covering different classes of insurance.
All the sections are renewable at the same time, have fixed terms and conditions
which eases administrative work.
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| All Risks
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The AIG Kenya's
All Risks insurance provides indemnity against loss or damage to specified items
as a result of any cause within the geographical area specified in the policy.
Items under this policy includes office equipments, laptops and personal effects of senior employees while travelling on company business. ...more |
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| Bankers Blanket Bond
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| Banks
and other financial institutions face a higher level of exposure to financial
'loss' resulting from criminal behaviour than most other institutions. Employee
theft, embezzlement, forgery, "hold up" and fraud are all real risks in today's
business environment and even more so in the financial sector.
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| Burglary
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| The Burglary policy provides indemnity against loss or damage to property
following forcible or violent entry or exit from the insured premises. ...more |
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| Commercial Motor Vehicle Insurance
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| AIG Kenya
provides comprehensive commercial auto insurance to indemnify businesses and
large corporations for accidental loss or damage to the motor vehicle and
its accessories as well as protection against legal liability to
third parties.
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| Computer and Electronic Equipment Insurance
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| This policy provides
coverage to your electronic equipment, including computers, for physical damage
in a manner necessitating repair or replacement.
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| Contaminated Products
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| Food,
drink, cosmetics, pharmaceuticals and tobacco products are susceptible to contamination,
both accidental and by deliberate interference through malice for political
or financial gain. Incidents as the discovery of contaminated pharmaceutical
drugs in Kenya are increasingly common and, when they occur, attract media interest,
which can have a disastrous impact on the public's confidence in the product. Considerable costs can be incurred in both recalling and replacing
the damaged product as well as in rebuilding public confidence. ...more |
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| Directors & Officers
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 Directors
and Officers Insurance is no longer a luxury. It's a necessity in today's volatile
business environment. Higher standards of living, increased compensation and
better investment opportunities all mark a new era of vulnerability for talented
managers. They now have more than ever before - and more to lose.
In the current civil justice environment, executives have become the target of
an increasing number of lawsuits threatening to destroy their hard-earned security.
Managers must make quick yet 'prudent' business decisions - and in doing so,
place themselves at risk of being judged liable for damages.
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| Employers Liability Cover
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| This policy covers
any employee in the Insured's immediate service sustaining bodily injury by accident
or disease caused during the period of insurance, and arising out of and in the
course of his employment by the insured in the business, and directly related to
negligence or breach of common law or statutory duty by the employer.
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| Evacuation & Repatriation
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 Recent developments in Rwanda, the Democratic Republic
of Congo, Guinea-Bissau, Eritrea and Sierra Leone, all serve as reminder that
political instability and military confrontation are ever present dangers in
the international arena. The conflicts in these areas were sudden, violent and
created potentially life threatening risks to expatriate third country national
employees of multinational businesses, agencies or other institutions.
AIG Kenya's Evacuation & Repatriation insurance is designed to assist in lessening
the sudden, unforeseen financial consequences associated with evacuating threatened
personnel. Items that present unplanned and possibly significant financial exposures
include: transportation to a place of safety, salary expenses during the period
of dislocation and the cost of returning when the situation has stabilised.
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| Fidelity Guarantee
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Fidelity
implies the faithful or loyal performance of a duty and a fidelity guarantee
policy is an insurance against the results of dishonesty or disloyalty, both
of which stem from a lack of fidelity.
Fidelity
guarantee may be bought by any organisation or person who may suffer as the
result of the dishonesty, failure in the loyal performance of duty or, in certain
cases, the mistake of another....more |
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| Fire & Perils Insurance
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The
basic Fire policy provides indemnity against loss or damage to property described,
caused by fire, lightning and explosion. However the policy can also be extended
to cover riots, strike, malicious damage, storm, earthquake, impact by vehicles,
aircraft and other aerial devices, subterranean fire, spontaneous combustion,
explosion of industrial boilers and economisers, flooding, water damage due
to bursting or overflowing of water tanks, apparatus, and pipes.
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| Goods in Transit
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| This policy provides
cover for loss or damage to various types of goods while in transit by road,
rail or any inland waterway within the geographical area set out in the policy. ...more |
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| Group Personal Accident Cover (GPA)
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 Accidents
do happen at the most unexpected times. Approximately 5,000 murders, rapes and
assaults were reported to the police around the Nairobi area between 1998 and
2000. Robberies and allied offences, including robbery with violence were about
10,000, and the trend is on the increase as reported by the Nairobi Provincial
Police Headquarters in January 2001.
Most of these incidents
result in loss of life or injury of the victims. Employers and other institutions
could ease the financial burden of staff members, etc., caused by these
incidences.
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| Industrial All Risk (IAR)
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| This is an insurance
package which mainly incorporates Fire & Allied Perils, Burglary, Accidental
damage and Business Interruption and it provides indemnity to the property insured for loss or damage from any cause. ...more |
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| Kidnap, Ransom and Extortion
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| Kidnap and extortion are a very real and growing threat in today's world. As
many as 12,500 kidnappings are reported each year in over 40 countries, mainly
in Latin America, Russia and Asia, with the average ransom payment doubling
in the last four years and some payment demands exceeding USD 50 million. While
the most vulnerable companies are those that have employees based or travelling
overseas, companies with high profiles, handling large amounts of cash or
work with sensitive information or technologies can be targeted as well. ...more |
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| Machinery Insurance
|
 Machinery Insurance is a type of an accident insurance for machinery
The purpose
of machinery insurance is:
- To cover
the cost of repairing or replacing lost or damaged machinery
- To give
assistance in expediting repairs and provides cover against physical loss or damage to the insured machinery.
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| Marine Cargo Insurance
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| Marine Cargo Insurance
provides indemnity against loss or damage for goods being transported by sea or
air and incidental land transportation.
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| Microsure
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| This policy provides
indemnity for damage to electronic equipment, including computers, against
sudden and unforeseen physical damage to the equipment in a manner necessitating
repair or replacement. This policy provides a wider scope of coverage than that available under the Computer and Electronic Equipment Insurance. ...more |
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| Money
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This
policy covers loss or damage to money by robbery or theft while:
- In transit from
your premises to the bank and vice versa
- In your premises
during business hours
- In your premises
in locked safes /strong rooms outside business hours
- In the hands
of senior employees/authorised personnel of the company
Cover is extended to National Hospital
Insurance Fund stamps, stamped cards and the total value of the stamps held in the franking machine, as well as damage to safes and/or
strong rooms.
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| Pension Trustee Liability
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| In the past,
appointment of pension fund trustees was merely a formality, and
individuals so appointed accepted the designation without so much as a
second thought. Not anymore. The Retirement Benefits Act 1997 has added significantly to the bewildering number of statutory duties and obligations faced by the trustees of retirement benefit schemes. ...more |
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| Plate Glass
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| The policy provides
indemnity to the insured against loss and/or destruction/damage to glass by accident
or misfortune of a fortuitous character. There are options either to replace the
broken glass according to description, or to pay the sum equivalent to the value
of the broken glass at the time of loss, destruction or breakage up to the insured value.
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| Professional Indemnity
|
 Today's
professionals work long and hard to develop successful businesses. Their entrepreneurial
spirit is enviable. But there are times when what appears to be a minor mishap
can erupt into a potentially devastating situation: A lawsuit.
AIG Kenya understands
the position of these professionals. Our own entrepreneurial style is a dominant
characteristic of our company. It is this understanding and our broad experience
that makes us uniquely qualified to provide liability insurance to today's professional
entrepreneurs. ...more |
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| Property Terrorism & Sabotage
|
 Over
the past several years there has been a heightened and growing concern
on the part of the general public as well as corporate executives about
the damage inflicted by acts of political terrorists.
The 9/11 attack of the World Trade Centre, the attacks against U.S. installations
in Kenya and Tanzania, the sabotage of oil pipelines in Algeria and Nigeria,
and other terrorist acts occurring throughout the world, have focused world-wide
attention on the threat of terrorism. Acts of terrorism and sabotage against
corporate facilities have potentially far-reaching political and economic effects.
As politically motivated terrorism and sabotage generates more and more media
coverage, businesses owned by foreign companies will find themselves increasingly
targeted. ...more |
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| Public/Products Liability
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Sharp increases in the number
of lawsuits and the average size of claims in recent years have contributed to generating
a continuing need for the financial protection afforded by Public/Products Liability
Insurance.
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| Workmens' Compensation Insurance
|
 Workmens'
Compensation Insurance is designed to provide for the cost of medical care,
rehabilitation, lost wages for injured employees and death benefits for
the dependants of persons killed in work-related accidents.
Against the prevailing ceiling of Kshs. 4,000 we have modified this cover
to extend to employees earning up to Kshs. 10,000.
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