Bonds - Performance, Advance Payment

In process of being updated.

This policy covers loss or damage to any contract works, construction plant and machinery, damage to surrounding property, third party liability for bodily injury and property damage. Cover can be extended to include advance loss of profits lost due to contract works being delayed as a result of a loss insured under the terms of contractor all risks policy. This policy is used for projects that predominantly involve civil work like construction of multi storied buildings, bridges, flyovers, etc.

In process of being updated.

In process of being updated.

An electronic equipment policy insures damage to electronic equipment, damage to the insured's inputted data and records and costs incurred to retrieve and recover lost data and records. This is a specially designed policy which covers accidental loss or damage to electronic equipment.

This policy covers loss or damage to any contract works, construction plant and machinery, third party liability for bodily injury and property damage. Cover can be extended to include advance loss of profits, lost due to contract works being delayed as a result of loss insured under the terms of erection all risks policy. This policy is used for building, constructing and installing machinery and fittings.

This policy covers unforeseen and sudden physical loss or damage to the insured machinery necessitating their repair and/or replacement.

Machinery Breakdown Loss of Profit This policy covers loss of profit/income that a business suffers when it's interrupted by any peril covered by an overarching policy i.e., Machinery Breakdown Policy.

This policy covers unforeseen and accidental physical loss or damage to plant and equipment due to 'external' causes. The causes of loss that are covered by a machinery breakdown policy are specifically excluded under this policy.

In addition to the above standard insurance products, Advantage Insurance provides tailor-made products, packaged to meet the specific needs of our clients in diverse industries and risk scenarios. Under domestic lines of business, we provide risk transfer mechanisms for high value homes, holiday homes, travelling exposures, classic cars, events cancellations, etc. .

This policy provides cover against loss or damage while specified property is in transit from one place to another or being stored during a journey.

When the property is in transit from/to another country by sea/air/road/post/courier it is covered by marine policy while transits within Zambia are covered by Goods in transit policy. .

In process of being updated.

In process of being updated.

In process of being updated.

Custom Excise, Bid, Payment, Credit, Railway, Surety bonds, etc.: Surety Bonds: A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

This policy covers legal liability to employees for bodily injury or illness arising out of the course of employment.

This policy provides cover against financial loss on account of forgery, defalcation, embezzlement and fraudulent conversion by employees acting alone or in collusion.

This policy covers loss or damage due to accidental breakage of glass fitted to doors, windows, show-cases, counters and shelves.

This policy provides cover against loss of Cash, Currency Notes, Coins, Securities, Postal Orders, Cheques etc. while in transit or in a locked safe.

This policy compensates individuals against accidental injuries resulting in disability or death.

1. Public Liability:
This policy covers legal liability to third parties for bodily injury or damage to property arising out of accidents at the insured's premises.

2. Product Liability:

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers loss due to theft and burglary of moveable properly like stock-in-trade, equipment, furniture, fittings etc. followed by forceful entry or exit.

Umbrella Liability

This policy provides cover against legal liability to the third party due to 'wrongful acts' committed by directors and officers in the course of performing their duties. A wrong Act is usually defined as an error, mis-statement, misleading statement, conduct, omission, neglect or breach of duty.

Medical Non-Practice

Pension Trustees Liability.

Accounts Receivable

This policy provides cover for fire and business interruption. A host of other coverage sections can be added to suit the specific needs of large commercial and industrial risks. These coverages include theft, goods in transit, money, machinery breakdown, machinery breakdown loss of profit, etc.

This policy provides for loss of profit/income that a business suffers when the business is interrupted due to any peril covered by an overarching policy i.e., fire policy.

Buildings Combined.

This policy provides cover against a host of perils ranging from fire, lightening, explosion, aircraft damage etc. to acts of God.

Fire and Assets All Risk policies cover loss or damage to machinery/equipment from 'external' causes, such as fire, lightning, impact, flood, hail, or earthquake, and damage to machinery/equipment from 'internal' causes such as mechanical failure, electrical short circuit, motor burnout, centrifugal force, and overheating or cracking.

Mechanical breakdown is also covered by the Machinery Breakdown Policy.

Office Contents.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

This policy covers household contents and personal effects at specified locations or worldwide basis. The cover on worldwide basis extends to listed items of jewellery, cameras, watches and other similar items. The policy covers liability towards employees and can be extended towards third party.

In addition to the above standard insurance products, Advantage Insurance provides tailor-made products, packaged to meet the specific needs of our clients in diverse industries and risk scenarios.

Under commercial lines of business, we design and meet the specific needs of our clients through our risk managers/intermediaries on credit, special events, schools, charities, development parks, office parks, mega mining, energy, environmental, agriculture, aviation, political and specialist risks and alternate risk transfer mechanisms.