Fire

PRIVATE DWELLING HOUSE POLICY
The policy covers both the Building and its Contents (house-hold goods, electrical items, furniture etc.).

Perils covered are
• Fire & Lightning (Compulsory)
• Riot and strike
• Malicious Damage
• Explosion
• Aircraft Damage
• Impact Damage
• Cyclone/Strom/Tempest/Flood
• Earthquake (Including fire and shock)
• Bursting and overflowing of water tanks
• Electrical Inclusion Cover
• Spontaneous Combustion
• Natural Disaster
• Terrorism
• Removal of Debris
• Architects and surveyors fees
• Loss of rent & alternative accommodation

BUISNESS PREMISES & INDUSTRIAL POLICY
The Policy Covers both the Building and its Contents for Industrial & Commercial Risks such as Offices, Warehouses, Factories, Schools and churches etc.

Perils covered are same as in the private dwelling house policy indicated above.

CONSEQUENTAL LOSS POLICY (BUSINESS INTERRUPTION POLICY)

If a client’s assets have been damaged and destroyed by fire or any other material damage peril, his business is bound to be interrupted and this can result in a loss in profits due to the obligation of having to make payment of wages, and other bills.
By taking a Consequential Loss Policy, the client could recoup these losses and also would be reimbursed for the increased working costs. This policy has to be obtained along with the Fire Material Damage Policy.

FIRE POLICY (ON STOCK DECLARATION BASIS)

This Policy is issued to cover the stocks on a monthly declaration basis. This means that, since the stocks tend to move and their values tend to fluctuate, the premium is charged at inception on a 75% basis. The annual premium is finally adjusted at the end of 12 months on the basis of the monthly stock figures declared by the insured and any excess premium is refundable or any additional premium is charged to the insured.

BUISNESS CLUB POLICY (TRADERS COMBINED INSURANCE)

This is a specially designed policy to cater for Shopkeepers Risk both Retail and Wholesale. This policy is in two sections.

SECTION A – Covers Fire & Allied perils including both replacement of cash cover and damage to service lines and food poisoning.

SECTION B – Optional covers which can be allowed at additional premium.

OPTIONAL COVERS:
• Money Insurance (Transit, safe & drawers)
• Accidental Breakage of Glass
• Legal Liability (up to Rs.100,000/- free cover)
• Sign Boards
• Goods in transit
• Electronic Equipment
• Funeral expenses
• Personal accident ( free cover of up to Rs. 50,000/- for employer and Rs.25,000/- each for 2 employees)
• Damage to deeds
• Deterioration of food

COMPREHENSIVE HOTELIERS INSURANCE POLICY

The fire department has designed a unique policy to cover the hotel industry.

Policy provides the following covers:
• Fire & allied perils
• Burglary
• Public Liability including food poisoning
• Cash in safe/cash in transit
• Plate glass insurance
• Personal Accident
• Fidelity Guarantee
• Sign Boards
• Consequential Loss (Business Interruption)

TEA AND RUBBER FACTORY INSURANCE POLICY

The fire department caters to the Requirements of Planters.
The following assets of estates are covered:
• Buildings
• Fixtures
• Plant and Machinery
• Contents and work in progress

FULL VALUE TERRORISM COVER INSURANCE POLICY

This covers loss or damage caused as result of direct and indirect terrorist activities and covers damage to buildings plant and equipment.

Engineering

CONTRACTORS ALL RISKS INSURANCE POLICY

Contractors Insurance Policy as been designed for Civil Construction Project such as Buildings, Roads, Bridges, dams etc.

The Policy Covers:
• Loss or Damage to Civil Work
• Plant and Machinery Damage
• Principal's existing property Removal of Debris
• Malicious damage and Theft
• RCC, TR etc.
• This insurance policy also indemnifies the insured against third party injury and property damage.

ERECTION ALL RISKS POLICY

This policy has been designed for Erection Work such as Plant and Machinery, Transmission Lines, Telecommunication, Power Plants.

The Policy Covers:
• Item to be erected
• Freight, custom duties and dues
• Civil Engineering works
• Clearance of debris
• Principal's existing property etc.

ELECTRONIC EQUIPMENT & DATA MEDIA INSURANCE POLICY

Material damage cover is available for the following electronic equipment:
• Electronic Data Processing Equipment
• Electronic and Radiation Equipment for medical use
• Communication facilities
• Miscellaneous Equipment

Other features of this policy include:
• Fire, lightning, explosion, aircraft damage, smoke
• Water and humidity
• Short Circuit and other electrical causes
• Design, manufacturing, assembly and erection faults
• Faulty operation and malicious acts of workers
• Burglary

CONTRACTORS' PLANT & MACHINERY

This is an All Risks Policy issued on annual basis to cover Contractors' Plant & Machinery such as Backhoe Loaders, Excavators, Cranes, Forklifts etc., whilst at site anywhere in Sri Lanka.

MACHINERY BREAKDOWN INSURANCE POLICY

This Machinery Insurance supplements the coverage afforded by Fire Insurance. It covers unforeseen and sudden physical loss and damage to the insured machinery due to the following:.

MACHINERY LOSS OF PROFITS INSURANCE POLICY ( MLOP )

MLOP Insurance covers business interruption caused by an accident indemnifiable under Machinery Insurance.

The Policy Covers:
• Business Expenses
• Net Profit
• Increase in cost of working
• Salaries

This policy has to be obtained along with the material Damage Policy (Machinery Breakdown Policy).

DETERIORATION OF STOCK INSURANCE POLICY
This Insurance Policy is designed to cover deterioration of stocks in cold storage.

The Policy Covers:

BOILER INSURANCE POLICY

Most Companies which have boiler and pressure vessels have only a fire policy; however this excludes the boiler explosion risk. The Boiler insurance policy covers the boiler and also THIRD PARTY injury and/or property damage as a boiler explosion.

LEASING ALL RISK INSURANCE POLICY
This policy provides cover for the items leased by the leasing companies/Banks to their customers. This is an all Risks Policy renewed annually. The new items can be included by way of a monthly declaration.