Liability Insurance
Bankers Indemnity
Scope of Cover
It covers claims arising out of errors, omissions, misstatements, misleading statements, neglect, breach of trust, cash/valuables in the premises, cash/valuables in transit, forgery, alteration, infidel activities of staffs or breach of duty among others.
Directors / Officers Indemnity Insurance
Directors’ and officers’ liability covers you financially for any claims made against you in this kind of situation. The policy pays for any costs related to the claim, such as court proceedings or financial losses that result from the event.
With this insurance, the following parties are covered:
‣ The company if it has contributed costs towards dealing with the matter
‣ The estate, heirs, legal representatives or assigns of any deceased, incompetent or insolvent Director or Officer
Fidelity Guarantee Insurance
Should one of your employees commit theft, fraud or dishonesty towards your company, Fidelity Guarantee insurance will protect you by compensating for any direct financial losses that may result from acts of dishonesty by your employees.
Hanger-Keepers Legal Liability (Aviation)
Premises Legal Liability (Aviation)
Products Legal Liability (Aviation)
Product Liability Insurance
Product Liability insurance covers your business against legal damages as a result of bodily injury, illness or death to a person caused by any defect to a product you sell or supply. That means that even if you didn’t intend for a product to cause harm, if it does and you’re involved in legal action, your business will be financially covered.
Professional Indemnity Insurance
If this is the case, you could face legal action against you. Even if you didn’t intend any wrongdoing with your advice, you could still suffer financial losses or face legal costs if actions are brought against you.
With our professional indemnity insurance, you’ll be covered for all costs and expenses relating to claims resulting from this kind of situation.
Public Liability Insurance
For these kinds of situations, public liability insurance covers you and/or your business against any accidental bodily injury or illness that happens on business premises, or if there’s an accidental loss or damage to a third party’s property on your premises.
This insurance covers your business whether the party involved passes away or not, and it also pays out for damages, legal costs and any other expenses that may be involved should there be a claim.
Ship Repairers Legal Liability
Stevedore and Shore Handling Insurance
Having cargo as part of your day-to-day business brings with it a large amount of risks. Our Stevedore and Shore Handling insurance will compensate you in the following circumstances:
‣ Sudden physical loss of or damage to your plant and equipment in your care, custody and control.
‣ Liability for financial loss incurred by your customer as a direct result of customer goods being lost, destroyed or damaged.
‣ Damage to your imported and exported cargo during removal and/or transfer from Vessel to Stack (or the other way around), within the peripheries of the port.
‣ Any authorised law costs and expenses you incur.
‣ Costs and expenses that you are legally liable for relating to the removal or recovery of customer goods and the disposal of any debris, as long as these relate to a documented sudden and accident occurrence.
Workmen’s Compensation / Employers Liability
The compensations for this policy is linked to the higher executive officers salary in the civil service and a doctor’s percentage degree of incapacitation awarded.
The policy can be extended to cover common law liability, especially in event of dissatisfied employee concerning the limitations of the higher executive officers salary awarded and might proceeds to court on that bases.
Compensations:
• Permanent Total Incapacitation is usually 8 years annual salary
• Partial Permanent Disability is a percentage of incapacitation awarded by a medical officer being applied to the 8 years annual salary
• Reimbursement of proven medical expenses of work related injury
Frequently Asked Questions
Our links with the top insurers in the country help us get multiple quotes for comparison within minutes. We actually do these at no cost to you. Just place a call to us now.
What are the types of insurance?
General Insurance – General Insurance provides financial security and protection for your movable & immovable assets and investments. It could be your house, vehicle, office assets, business operations, personal belongings, etc.
Types: Motor Insurance, Travel Insurance, Home Insurance, Personal Liability, Business Insurance, Property Insurance and more.
Life Insurance – Life Insurance plan(s) pays a certain amount of money (lump sum or part) to the insured person as per the plan term or to his or her beneficiary in the event of the death of the insured. Types: Term Plans, Income Replacement, Child Plans, Retirement Plans, Tax Saving Plans, Money-Back Plans, Monthly Income Plans, Funeral Plans, Short Term Guarantee Plans, Systematic Investment Plans and more.
Health Insurance – Health Insurance gives coverage for the insured’s medical or hospital expenses.
This assures that you and your family will have enough money to pay for expenses if ever you get ill and are hospitalized. Types: Individual Health Plans, Family Health Plans, Corporate or Group Health Plans, Critical Illness Plans, Preventive Health Plans and more.
Micro-insurance – Micro-insurance as the name suggests, encompasses of life, health and general insurance but offers coverage to low-income households or individuals who have little savings. It is tailored specifically for lower valued assets and compensation for illness, injury or death. Some of these risks include agricultural insurance, insurance for theft or fire, health insurance, term life insurance, death insurance, disability insurance and insurance for natural disasters and more.
How to choose an insurance company
Here are some of the things that you need to consider before choosing an insurance plan, hence a company:
• The reputation of the insurance company
• Compare the benefits and coverage of their policies.
• Is it the right type for your needs?
• What is the claims settlement ratio?
• Terms and Conditions of their policies.
• Policy serving and claims handling (are they prompt and efficient).
• If you are ready to explore your options, then let the experts assist you!
How to choose the best insurance plan
1. First, understand your requirements (future financial needs, your child’s education, marriage, or some other requirement).
2. Second, calculate how much premium you can pay every month or quarterly or half-yearly or annually.
3. See what benefits the Plan gives (each insurance company gives different benefits, so compare).
4. Decide on the tenure of the Plan.
5. See whether it is value for your hard earned money.
6. Decide the Sum Assured, the more the sum assured, the more the benefits.
7. Read the Terms and Conditions of the Plan.
8. Find out how prompt the insurance company is in settlement of claims for the plan.
What is insurance excess / deductible?
An example; If a motorist had a car insurance policy that has a policy excess of 10% and files in a claim for damage to his/her vehicle amounting to GH¢10,000, he/she would have to cover the first GH¢1,000 (ie.10% of the claim amount), with the insurer covering the remaining GH¢9,000.
It is possible to opt for zero excess or buy the excess off…however; the insurer has the prerogative in accepting or even increase it depending on the risk in question.
What is an insurance policy?
What is a quote?
Combined Experience of over 30 Years
30
Here's what people are saying about us!
Helpful chat with my problem being resolved thank you Gladys
Excellent Service
Nathaniel was most helpful, many thanks
Friendly and ready to help
leave the insurance to us... feel secure!
© 2020 The Insurance People LLC.
Finding the right level of cover at the right price can be both tricky and time-consuming…. that’s why we do the leg work for you by gathering your requirements and subsequently comparing a list of leading insurers on price and cover; so we could constantly choose the best for you!.