Property All Risk
SECTION I : Material Damages
Material damage cover insures the physical assets of the business against accidental loss or damage. It is often purchased as part of a
broader business insurance solution and includes both Indemnity and replacement covers. Theft and fraud cover can be included.
SECTION II : Business Interruption Check
Business interruption insurance is insurance coverage that replaces business income lost in a disaster. The event could be, for example, a fire or a natural disaster.
Business interruption insurance is not sold as a separate policy but is either added to a property.
RISK COVERED:
Fire
Lightning
Explosion
Aircraft, or other aerial devices or articles dropped there from Impact by vehicles, watercraft, locomotives or rolling stock.
Earthquake
Riot
Strike
Civil commotion
Malicious damage
Busting or overflowing of water apparatus
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Extensions:
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Pre-requirement:
ID copy of owner
VAT Certificate
5 years claim experience
Wassel /National Address
Proposal Form
GPS Coordinates
Survey report (if available)
Civil defense certificate
Confirm CCTV are installed (Y/N)
A declaration letter if first time insurance
Breakdown List
Digital Photos (inside / outside of premise)