This policy is extremely important and one that every prudent business owner should have in their insurance portfolio. We all consider covering damage to our assets. But what happens during the time it takes to have things back up and running again? Depending on the damage suffered It may take weeks or even months. This is where Business Interruption (also known as Consequential Loss) Insurance comes in. Following an insured event under your property policy, the Business Interruption policy can respond to a loss of income, wage rolls for employees, rent for a temporary office and other expenses to help you stay in business until you can get back into your home-base.
Property policies exclude the risks associated with political unrest, sabotage and terrorism for e.g. the 1990 Coup Attempt. To cover your assets from these types of risks you should effect a Political Violence or Sabotage & Terrorism policy which covers acts of:
including fire damage and loss by looting following the above named events.
Contractors’ All Risks / Blanket Contractors’ All Risks / Erection All Risks
These policies are specially designed to cover the risks associated with small, medium and large pieces of equipment in all types of industries.
Accidents, unforeseen loss or damage and an employee’s negligence can all lead to a machinery breakdown event when you least expect it.
This policy will cover those types of risks.
A common misconception when Clients purchase cover for their machinery is that they assume that damage to their boilers and resultant damage to third parties as a result of a boiler explosion are covered – this is not the case. So make sure you have a Boiler policy in place to cover these risks.
Small Business Package policies are umbrella policies available in the local market offering different types of cover for various risks. Bear in mind that the limits on these policies are very small as they cater for small businesses. Consider the size of your operation before you effect this policy.
Townhouse Complexes and Apartment Complexes should always be covered under one programme to ensure that everyone has the same benefits, Insurer(s) and rates. These types of programmes can be extended to include cover for the Common Areas such as walkways, pools and playgrounds.
Any business with more than five vehicles can qualify for a Motor Fleet Insurance policy which offers lower rates than individual policies thereby saving you money. We can help by designing suitable Motor Insurance policies to cover your fleets.
Hoteliers policies are specifically designed for Hotels, Motels, Lodges, Inns and Guest Houses covering a wide range of risks such as damage to property, theft, public and products liability and workmen’s compensation.
Fine Art and Specie Insurance protects high-quality assets such as cash, bullion, jewellery, or art in storage, in transit or on display for businesses, institutions and individuals.
If there are plans for a new construction or renovation to existing property you should consider the importance of effecting this policy. Not only does it cover damage to the works it also covers damage caused to third parties during construction.
Computer Equipment such as Desktops, Laptops, Printers, Servers, Peripherals and Software can all be insured under this policy. The policy can be extended to cover mobile equipment anywhere in Trinidad & Tobago or even Worldwide. (consider employees who have company cell phones and laptops)
PORT OF SPAIN OFFICE
#122-124 Federick Street,
Port of Spain,
Trinidad and Tobago, West Indies
SAN FERNANDO OFFICE
#25-27 Lady Hailes Avenue,
Trinidad and Tobago, West Indies
#83 Premniranjan Place, Prashad,
Covering you since 1968
We Negotiate For You!
THE WINGS OF COVER