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Ahadi Insurance

What is Ahadi Insurance?

Ahadi is a Domestic, Office and Business insurance policy designed to provide a peace of mind to our clients, with Ahadi your assured not to come across any misunderstandings on what is or isn’t covered as its in both Kiswahili and English.The policy is also designed to be flexible to fit everyone’s needs.

Why Take Ahadi?

The clients get the right to choose the level of cover they wish to take; it also covers against fire, theft and allied perils

Your House

Covers from the smallest sum insured to the largest, from a single risk location to multiple locations we provide the best insurance protection available with Full cover for all household assets. One also gets to insure their Building, personal property, Liability, workmen compensation and motor vehicle all at a given best rate.

Your Office

This is a perfect cover for your office it lets insure your Building, Office property, Liability, and workmen compensation all at one best rate provided.

Your Business

Get your business cover from Building, Business property, Liability, and workmen compensation

Assets All Risks

An assets all risk policy is a type of insurance policy with a broad scope of cover and intended to insure all the assets of a company. This business insurance is designed with the intent to insure these assets in one policy document that is customized according to the specific needs of the client.

Therefore it combines various covers like Fire, Burglary, Consequential loss, Machinery breakdown, Electronic Equipment, All risks, Plate Glass, Money, Fidelity Guarantee, Public Liability etc. All sections will have specific sums insured’s and will also be subject to that class normal terms, conditions and warranties.

Aviation

Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.

Physical damage insurance provided to cover loss or damage to the insured’s aircraft, while it is in motion, not in motion or for both. This type of cover will typically pay for repairs and reinstatement of the aircraft to the condition that it was in before the incident, subject to certain exclusions and policy conditions which may apply. If the aircraft is not repairable an agreed amount may be paid, known as the agreed value, which is usually agreed with the insured at inception and is noted in the policy.

Available covers:

Aviation Hull
Passenger Legal Liability
Third Party liability
Airport Owners/Operators Liability
All Risks on Spares
Mail Legal Liability
Aviation Group Personal Accident
Aviation Hangar Keepers Liability

Boilers and Pressure Vessels

The operation of boilers and pressure vessels, no matter how robustly built or maintained, carry the inherent risk of explosion or collapse. Accidents involving boilers or pressure vessels can be extremely costly in terms of injury or loss of life, damage to property as well as the repair and replacement of the equipment itself.

Take up our Boiler and Pressure Vessel Insurance to cover against the risk exposures of material damage and third party liability arising from the operation of boilers/pressure vessels.

Subject to policy terms, conditions and exclusions.

Building Combined

This Policy will provide Indemnity against loss or damage to Building occupied for non-hazardous activities like office buildings by Fire, lightning, explosion or additional Perils such as; riot & strike, malicious damage, flood earthquake, bush Fire etc.

The Policy also covers loss of rent up to 25% of sum insured and the building owner’s legal liability

So why would you need buildings combined insurance?

The truth is that you wouldn’t normally.
However, if you make your living as a landlord, then ‘buildings combined’ is an ideal way to insure your building and the various risks you face.

So what are the benefits for a landlord?

There are three main areas of risk which are provided for with this type of insurance.

Damage to

buildings, outbuildings, fixtures and fittings, walls, gates, and fences, paved or tarred roads and driveways, parking areas, sports or recreational structures
Loss of rent as a result of the property being so damaged by one of the perils mentioned below that the premises becomes un tenantable. Loss of rent is limited to 25% of the sum insured. In other words, if your building is insured for USD, 1,000, 000 (and that the replacement value is also USD 1, 000, 000!… please note this ‘averaging‘) then your cover under this section is limited to USD 250, 000!
Legal liability as landlord for any damages which result in the accidental death or bodily injury/illness of any person or the accidental loss or physical damage to tangible property occurring on the landlord’s property (There are exceptions to what exactly is covered under liability and there is a specific limit on amount covered per policy)

Burglary Theft

This policy covers the property of the insured against accidental loss or damage.

This cover is suitable for portable items like cameras, laptops, personal computers, videos, mobile phones and other fragile electronic items, personal items, baggage etc.

Business All Risks

This policy covers the property of the insured against accidental loss or damage.

This cover is suitable for portable items like cameras, laptops, personal computers, videos, mobile phones and other fragile electronic items, personal items, baggage etc.

Contractor All Risks

Covers the “Contract Works” undertaken by a contractor against any unforeseen accidental physical loss or damage. Interests covered include but are not limited to the total contract value including costs of all materials and all-temporary and permanent works. In addition; the principal’s existing property, contractor’s plant, equipment and machinery at the project site, reasonable costs for removing debris, loss or damage to third parties arising from the execution of the project can also be covered.

Directors and Officers Liability

This policy covers directors and officers (and the Company itself where it is legally permitted to indemnify its Directors and Officers) for any wrongful acts committed in their capacity as directors and officers of the Company.

The Policy is written in two sections as follows:

The Directors and Officers Liability Section indemnifies the Directors and Officers in respect of any “Wrongful Act” committed in their capacity as Directors and Officers of the Company, where the company is not permitted (either legally or by its articles of Association) to reimburse them.
The company reimbursement section covers the Company only in respect of any reimbursement that it is required, or permitted by law to make to its directors and officers against whom a legal action has been sought.

A specific proposal form has to be completed before obtaining a quote from the Insurers.

Electronic Equipment

The policy covers accidental loss or damage to electronic equipment (e.g.: computers and accessories) against any unforeseen and sudden physical loss or damage causes include accidental damage, internal damage due to short circuiting and fire.

The sum insured should be equal to the new replacement value of the item insured. In addition to material damage to equipment,

The cover can be extended to include;

Loss or damage to external data media
Increased working costs
Theft– all at Additional Premium.

Employers Liability

This policy offers protection to employers for their legal liability (under Common Law), for damages and claimant’s costs and expenses of lawsuits filed by an employee.

The Liability would arise if an employee in the insured’s immediate service dies or is injured out of or in the course of their work, through any perceived negligence on the employer’s part.
The policy also reimburses the insured the expenses they may incur in the course of defending any such action/lawsuit.
It is important to note that the employee reserves the right to sue the employer for negligence despite having been compensated under the Workmen’s Compensation (Act) or a Group Personal Accident policies for a work related injury or accident.
Cover is usually arranged on the basis of the employee’s earnings.

Fire & Allied Perils

A Fire policy (basic cover) will provide cover for damage or destruction to insured property by Fire, lightning or explosion of domestic appliances.

The Fire & perils is an extension of the basic cover and will extend to include the following additional covers:-

Riot & Strike
malicious damage
Explosion
Special Perils (water perils of flood, blocked drains etc)
Earthquake
Bush Fire etc.

Important information required in assessing a fire risk will include:-

The value of property (Buildings, contents like furniture, stocks etc)
The nature of business / occupancy of the building
The nature of construction.
Location of the premises
State of housekeeping
Fire Fighting appliances available.

We recommended our clients obtain a professional valuation of properties such as buildings, plant & or machinery to ensure that they are adequately covered.
Other items that can be insured under this policy include;

Loss of rent following a fire
Loss of contents of underground tanks following an earthquake and earthquake cover for the swimming pool.

Glass Insurance

This policy covers the breakage of glass through any cause (except the exclusions specified in the policy). It pays a sum equal to the cost of the broken glass calculated at the current price of glass on the date of accident, up to the value specified in the Policy Schedule. Details such as measurement of the glass, the location and the sum insured pertaining to each piece must be provided to the Insurers for proper assessment of the risk.

Insured perils that will normally cause the damage will include amongst other things;

Fire
Malicious damage
Riot & Strike
Impact by vehicles, animals etc

Can also be extended to replacement of letterings, decorations, costs of fixing back and neon.

Goods in Transit Policy

The Goods in Transit policy offers protection against loss, destruction, or damage to goods whilst they are in transit – from the time of leaving the insured’s premises to final delivery.

The policy also protects the insured from liability during loading and unloading of the goods, and temporary housing in the course of transit.

The cover is available for individuals or companies transporting goods

Group Personal Accident

These policies cover accidental death or disablement to the insured. Compensation will be payable to the insured or to his legal representative in accordance with the sum insured and scale of compensation agreed and specified in the policy schedule. The age requirements for this policy are that the holder should be above 15 years and below 65 years. Policy can be given to individuals or Group of individuals.

This cover may be extended, at an additional charge, to include additional risks such as riot & strikes

Hotel Combined Liability

This covers registered/licensed Hotel operators for legal liabilities they may incur as a result of their negligent operation of their business.

Industrial All Risks

This is a combined policy and basically incorporates fire, fire consequential loss, theft and accidental damage perils. With this policy, there will be no need of taking out Fire and Fire Consequential Loss Policies as well as Burglary. This policy is however subject to a higher deductible than the individual policies.

The policy is issued under two sections and provides indemnity against all those risks not excluded by the policy. Section A covers Material damage of the insured’s property e.g. Buildings, Plant & machinery, stocks, furniture fixtures & fittings etc. Section B covers the consequential loss e.g. Gross profit, wages and Auditors fees.

Note this is a customer-designed policy for very large industrial corporations. It combines wide covers, large deductibles and individualized rating methods.

Machinery Breakdown

This policy will compensate the Insured in relation to any loss or damage to items specified in the Policy Schedule as a result of any unforeseen and sudden physical loss or damage or breakdown of the machinery from such reasons as; defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal forces, short circuit, storm or from any other cause not specifically excluded in the policy schedule. The sum insured should be equal to the new replacement value of the insured machinery.

Machinery to be covered under this policy will include factory production machinery, workshop machinery, generators, industrial lathes, drills, compressors etc. Costs of airfreight and increased costs incurred as result of such damage can also be covered and recovered under the policy.

Marine Cargo

This type of insurance provides covers against loss and/or damage to vessels/ships hull and machineries, materials and other equipments of the vessel including collision/TPL risks

This is a very important cover for those who import goods either as raw materials or finished products, in the course of their business.
Cover is also available for exporters of goods and raw materials.
The policy will protect the goods carried by Sea or by Air from losses arising out of theft, collision, or fire to the vessels, including capsizing in the case of sea freight. The effects of war or of goods being jettisoned (thrown off the vessel to save the vessel) can also be covered.
Cover can be arranged from port of origin to port of destination or from port of origin to warehouse of final destination.

Usually cover is against all risks subject to certain exclusions depending on the description of goods and packaging.

Money/Cash in Transit

The Money policy covers loss of cash under any of the following circumstances:

Loss of money at your premises during business hours, or in specified safes or strong rooms.
Loss of money in transit
Loss of money in the custody of an authorized employee
Loss of, or damage to safes or strong rooms insured in the process of a theft or an attempt thereat

Additional extensions to the cover available include;

Riots & Strike
Personal Accident / Assault
Loss of keys (replacement)

For proper risk assessment the Insurers require the following information:

Maximum limit required to be covered in respect of any one transit.
Route and frequency of transit (daily/weekly or monthly etc.)
Total estimated annual transit.
Limit in respect to money kept in safe.
Iron Safe Specifications (make, model, lock type, colour, height, width and breadth

This is a very important cover for those who import goods either as raw materials or finished products, in the course of their business.
Cover is also available for exporters of goods and raw materials.
The policy will protect the goods carried by Sea or by Air from losses arising out of theft, collision, or fire to the vessels, including capsizing in the case of sea freight. The effects of war or of goods being jettisoned (thrown off the vessel to save the vessel) can also be covered.
Cover can be arranged from port of origin to port of destination or from port of origin to warehouse of final destination.

Usually cover is against all risks subject to certain exclusions depending on the description of goods and packaging.

Motor Insurance

Motor insurance protects the insured against financial loss in the event that the motor vehicle is involved in an accident, burnt or stolen.

Third Party: This policy covers third party bodily injury and property damage arising out of use of motor vehicle.
Third party Fire & Theft cover: extends to cover theft, fire, third party bodily injury and property damage.
Comprehensive cover: covers third party liability and property damage to the vehicle i.e. damage arising out of fire, theft and accidental damage to the vehicle

Motor Trade Risks

This is a specialized motor policy, designed to protect the assets and legal liabilities of motor dealers and/or repairers.

Cover includes damage to vehicles, which are the property of the clients.

Office Contents

This Policy covers:-

Loss or damage to the contents of an office, (other than documents and electronic data processing equipment), including landlord’s fixtures and fittings.
Loss of rent up to 25% of sum insured
Loss of or damage to Documents
Legal liability in respect of lost/damaged/destroyed Documents.

Increase in Cost of operating as a result of damage to the offices.

Professional Indemnity

This policy indemnifies the Insured against any sums for which the Insured becomes legally liable as a direct result of any negligent act, error or omission made by him during the performance of his duties as a professional man/women (e.g. engineers, architects, lawyers, accountants etc.). Indemnity will be provided in accordance with the limits, conditions and activities defined in the policy.

The Professional Indemnity Policy covers awards arising out of court judgments, defense costs, loss of documents, fees and expenses. This policy protects professionals from legal liability for any acts of negligence they may commit in the course their duty. You do not have to be wrong to be sued, the policy will provide for the costs of defending any action brought against the insured in their professional capacity.

The insured will choose a limit of cover in line with the nature of projects/contracts that they normally undertake or the size of the pension scheme funds that they manage.

The relevant proposal form has to be completed by the client and be submitted to the Insurers for proper assessment of risk.

Public Liability

Business owners purchase general liability insurance to cover legal liabilities due to accident, illness, death, body injuries and claims of negligence by third parties. These policies protect against payments as the result of bodily injury, property damage, medical expenses, the cost of defending lawsuits. It is usually given with limit any one event and any one period.

This policy can be extended to cover Products liability where require.

Tour Operators Liability

When most people hear the weather forecaster say, “There’s a ‘small front’ just south of the island but it shouldn’t affect us,” they take a deep breath and relax. But to a Tour Operator, those words signal a ‘red flag’ and time to get going to see how the ‘small front’ will affect travelers.

Cases brought against Tour Operators can be complex, even if, on the surface, they seem straightforward, and appear to be caused by negligence on the part of the tourist. The cases that actually go to litigation are expensive and can be costly for the Tour Operator who is not covered by Tour Operator Errors and Omission Insurance.

Tour Operator Insurance that covers Errors and Omissions is essential as it protects your business, your finances and your peace of mind.

This covers registered/licensed tour operators for legal liabilities they may incur as a result of their negligent operation of their business.

Workmens Compensation

This policy covers the employees of the Insured whilst on duty and engaged in the execution of the Insured’s business &/or any project undertaken by the Insured, against accidental bodily injury, disablement or death. Compensation is payable in accordance with the provisions of the WIBA Act 2007. The maximum benefit is set at 96 months’ salary.

The Policy indemnifies the employer against legal liability under Workmen’s Compensation act for death, injuries or diseases sustained by employees arising out of and in the course of their employment/duties.

The WIBA plus policy cover in addition to the above also extends coverage to 24 hours.

Note kindly there is a government organization dealing with this, as per new instructions it’s not supposed to be offered by insurance companies