Commercial Insurance

CIB offers a wide variety of cover under the Commercial Product.

We are able to insure the general contents of your business against:

• Theft of stock, plant, office contents, machinery and equipment
• Fire cover to the building, stock, machinery, equipment, contents of your office, etc.
• Loss of electronic and specialised equipment as a result of fire, theft, lightning & power surge
• Loss of documents as a result of fire and theft
• Loss of profits/revenue as a result of an insured event
• Liability cover - limits of up to R20 000 000 available

> Product >

The policy offers the following sections to choose from. We have incorporated specific add on extensions and enhancements.

 

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.   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 - R200 000 Fire extinguisher charges - R10 000   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.   HOUSE OWNERS - Dwellings that are private or owned by a company.   MACHINERY BREAKDOWN   DETERIORATION OF STOCK

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CIB Commercial Policy Wording
Documenation Required For Commercial Claims

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