Orient Insurance provides Property insurance solutions against All Risks in respect of property protections in complete harmony of the clients’ line of business whatever it is Industrial or Commercial. We have professional Underwriters that are ready to receive your requests and find the best solutions along with best terms and conditions.
We provide comprehensive coverage programs provide indemnity in respect to the loss or the expenses resulting from the properties’ hazards.
Our Products can be shown as follows;
- Fire and Allied Perils Insurance.
This is the basic Property Insurance Policy designed to cover insured properties whilst at specified locations.
The standard perils covered under the policy are Fire, Lightning, Earthquake, Storm, Tempest, Flood, Bursting & Overflowing of Water Tanks and Apparatus, Impact Damage, Aircraft Damage, and Explosion.
The cover provided under the policy is usually granted after a satisfactory Risk Inspection and a completed proposal form (specimen attached)
- Property All Risks Insurance.
This is a wider cover which provides protection for accidental physical loss or damage to insured property in addition to the above Fire & Allied Perils and Burglary Insurances.
As in the case of Fire & Allied Perils Insurance, this insurance policy is also subject to a satisfactory Risk Inspection and a completed proposal form (specimen attached).
- Business Interruption Insurance
The policy covers Loss of Net Profit and continuous expenditure towards Standing Charges and reasonable Increased Cost of Working incurred to avoid the reduction in turnover following an indemnifiable loss under the underlying Fire & Allied Perils or Property All Risks Insurance Policy.
It is important to select appropriate Indemnity Period during which the business can be restored to its pre-loss position following a loss.
- Hotel All Risks Insurance.
This policy designed for Hotels which provides protection for Fire and Allied Perils to insured property in addition to Machinery Breakdown, Deterioration of Stock and Burglary Insurances.
As in the case of Hotels All Risks Insurance, this insurance policy is also subject to a satisfactory Risk Inspection and a completed proposal form (specimen attached).
- Mortgage Insurance.
This policy designed for Mortgage which covers collapse, cracking of the building, or total/partial demolition that affects the possibility of using the building due to an unexpected accident to the insured building subject to described in the policy and not excluded.
As in the case of Mortgage Insurance, this insurance policy is also subject to a satisfactory Risk Inspection and a completed proposal form (specimen attached).
- Political Violence Insurance.
This policy covers Physical Loss or Damage to Property arising out of an Act or Series of Acts of:
- Act of Terrorism
- Riots, Strikes and/or Civil Commotion
- Malicious Damage
- Insurrection, Revolution or Rebellion
- Mutiny and/or Coup d’Etat
- War and/or Civil War
Coverage can be extended to include Interruption to Business following such Physical Loss or Damage.
Generally, the coverage is based on a “Loss Limit”. This Limit would depend on the Total Sum Insured of the Property Covered.
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