BusinessIndustrial All Risks
Industrial All Risks
Insurance
The policy covers accidental physical loss of or damage to the whole or part of the property by any causes other than those excluded.
At a glance
The terms behind your cover.
Basis of valuation
Reinstatement / Replacement Value.
Territory
Uganda.
Excess
Material Damage: 10% of claim, minimum UGX 10,000,000. Public Liability: Nil.
Claims preparation costs
Limit UGX 10,000,000 for approved claim reporting, documentation, evidence and loss reduction.
Quotation validity
Valid for 30 days; subject to inspection of the risk.
What the policy covers Comprehensive protection
Comprehensive protection
across four sections.
Material Damage
Covers accidental physical loss or damage to insured property.
Machinery Breakdown
Covers sudden and unforeseen breakdown or damage to machinery, plant and equipment.
Business Interruption
Covers loss of profit or revenue and increased operating costs following insured damage.
Public Liability
Covers legal liability for third-party injury or death, and third-party property damage arising from business operations.
All twelve extensions
stated in the document.
Fire & Explosion
Storm, Flood & Earthquake
Riot, Strike & Malicious Damage
Power Surge & Lightning
Machinery Breakdown
Debris Removal
Limit UGX 50,000,000.
Fire Fighting Expenses
Limit UGX 10,000,000.
Expediting Expenses
Limit UGX 10,000,000.
Business Interruption extensions
Public Liability extensions
Temporary removal / transit cover
Automatic reinstatement of loss / sum insured
Seventeen extensions
for this section.
Accumulated stock clause
Customers & suppliers premises extension
Ushs. 50,000,000.
Adjustment clause
Alternative trading clause
Automatic reinstatement of loss clause
Departmental clause
Denial of access clause
Deterioration of undamaged stock
Expediting expenses clause
Failure of supply from public utilities
Fines and damages clause
New / additional premises clause
Professional Accountants clause
Ushs. 10,000,000.
Salvage sales clause
Storage clause, transit within Uganda
Ushs. 20,000,000.
Uninsured standing charges clause
Indemnity period
12 months.
Key exclusions What is not
What is not
automatically covered.
War and nuclear risks
Wear & tear and gradual deterioration
Uninsured construction risks
Registered vehicles
Deliberate acts by the insured
Fraud or dishonesty
Experimental or prototype items
Contract penalties and fines
Unexplained shortages
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Related protection Protection that can work
Protection that can work
alongside this policy.
Motor Insurance
Cover against accidental loss, theft, and damage to your vehicle.
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Travel Insurance
Cover for trip cancellation, medical emergencies, and travel mishaps.
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Marine Insurance
Cover for goods against loss or damage while in transit.
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