CIB offers a wide variety of cover under the Commercial Product.
We are able to insure the general contents of your business against:
The policy offers the following sections to choose from. We have incorporated specific add on extensions and enhancements.
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FIRE & ALLIED PERILS - Buildings, contents and stock-in-trade.
Automatic geyser cover - R8 000 (std geyser excess to apply)
Leakage cover - R10 000.
Disposal of salvage – Included
BUILDINGS COMBINED - Office and residential buildings.
Automatic geyser cover - R8 000 (std geyser excess to apply)
OFFICE CONTENTS - General contents and documents.
Locks & keys - R10 000
Theft limit of 25% of the sum insured can be increased at an
additional premium and provided the security is adequate.
BUSINESS INTERRUPTION - Consequential loss following material damage.
Public utilities - 25% of sum insured max R25 000.
Prevention of access - 25% of sum insured max R25 000.
ACCOUNTS RECEIVABLE - Outstanding debit balances.
THEFT - Contents, stock and machinery.
Malicious damage - Included for a limit of R10 000.
MONEY - Money at premises and in transit.
Seasonal increase - For the month of December automatic increase on sum insured of 15%.
GLASS - External and internal glass.
FIDELITY - Dishonesty or fraud by employee.
GOODS IN TRANSIT - Property in transit by road, rail and air.
Debris removal - R25 000
Fire extinguishers charges - R10 000
BUSINESS ALL RISK - Worldwide cover for specified property.
ACCIDENTAL DAMAGE - Accidental damage to property at premises.
PUBLIC LIABILITY - Legal liability to third parties.Our wording is in line with the new Consumer Protection Act. School's liability and Directors & Officer's is also available.
EMPLOYER’S LIABILITY - Legal liability to employees.
STATED BENEFITS - Death and disability (income).
GROUP PERSONAL ACCIDENT - Death and disability (Capital amount).
MOTOR - Private motor vehicles and light delivery vehicles, commercial vehicles and special types, motorcycles, buses, trailers and caravans.
Locks & keys - R10 000
Wreckage removal - R10 000
Instruction for repairs - R5 000
Parking facilities - R2,5 million
Fire extinguisher charges - R10 000
Car hire option available for 30 or 60 days for both manual and automatic private type vehicles and LDV's. Executive car hire also available for vehicles over R250 000 in value.
ELECTRONIC EQUIPMENT
Automatic software cover - R5 000
Incompatibility cover - R5 000
Increased costs of working - R10 000
Reinstatement of data - R10 000
MOTOR DEALERS - Internal and external risk.
HOME OWNERS - Dwellings that are private or owned by a company.
MACHINERY BREAKDOWN
DETERIORATION OF STOCK
Please note that this is a summary of the cover available. The full terms, conditions and exclusions of cover are contained in the CIB Commercial policy wording. |
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CIB Commercial Policy Wording |
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Documentation required for commercial claims |
