Overview
Commercial Property Worldwide All Risks Insurance provides
comprehensive coverage for the risks to which properties around the
world are exposed, whether they arise from perils of nature or
human acts.
Combined with effective underwriting and risk management, this
coverage is designed to protect firms from the financial burdens
that arise from loss of, or damage to, property and resulting
business income, replacing uncertainty with risk transfer and the
assurance of our policy coverage.
Details
Coverage
Financial loss as a result of physical damage to buildings,
contents, machinery, equipment and stock, as well as losses
reducing business turnover caused by insured perils.
We will pay these losses
Subject to the terms and conditions of the policy, we will pay
claims for losses arising from:
- Fire
- Explosion
- Machinery breakdown
- Flood
- Windstorm
- Earthquake
- Accidental damage
- Many other causes, as defined in the policy
Limits available
Up to US $20,000,000 any one risk
Target market
Includes commercial real estate, municipal properties,
electronics, grain, mining, retail, railroads, steel, power
generation and utilities.
Key territories
- North America
- Europe
- South East Asia
- Australasia
- Caribbean
- South Africa
Information needed to obtain a quote
- Values at risk
- Schedule of locations and details of their occupancy
- Fire protections and other risk mitigation
- Construction of buildings
- Survey reports
- Loss record
Your premium indication is based on
- Nature of business activity
- Geographical scope
- Sums insured
- Proposed deductibles
- Extent of fire protections
- Loss record
- Quality of risk management
- Extent of policy form and coverage