Innov8ions as business owners understand that your livelihood could be at stake when insuring your business and you don't want to take chances. You want to know that you're absolutely covered, no matter whether it is for a piece of machinery, hardware, vehicles, contents, or whatever keeps the wheels of your business turning. We believe in treating our customers seriously and therefore make an appointment to meet with you personally to establish your business needs.
Walls, retaining walls, gates and gate motors are also covered.
As a result of a fire section claim, reduced turnover or additional expenses may occur, which may cause serious business interruption that you did not plan for. Cover is provided for loss of insured gross profits; gross rentals; gross revenue; additional increase in cost of working.
This cover insures your business contents against loss or damage after forcible and violent entry or exit into your building.
Note: Theft of office contents is covered under the Office Contents section.
Should you keep money on your premises cover can be provided to safe guard you for loss of/or damage to money on your premises or while in transit to and from the bank.
Cover is provided for Accidental breakage of glass. Under this section all external and internal glass and building signage must be covered.
If your goods are damaged or stolen while being transported, this section of the commercial policy will cover you for this risk. Cover includes: Comprehensive cover; Limited cover (damage following a fire, collision or vehicle overturning); Limited cover that includes theft and hijackings.
The Business all risks section provides comprehensive cover for loss or damage to equipment at your premises or while it is off your premises. (e.g. a Mechanic who would work off site and take his diagnostic machine in order to complete the job.)
You can’t think of everything that can have an impact on your business, and sometimes extraordinary events occur that are not insured anywhere else on a policy (e.g. fork lifter driver accidently drives into stacked pallets and knocks them over). Accidental damage provides cover for these circumstances as long as it is not insured under another section of your policy.
Though you take care in appointing a qualified and ethical workforce, theft by your employees is still an unfortunate possibility. If insured under this section you will be compensated for financial loss to your company due to theft (money or stock) by your employees.
Covers you in the event that you or one of your employees causes damage to someone else's property or causes the death or injury of someone. It also covers defending you against a third-party claim, if you are found legally liable the damages awarded. Third-party legal costs are also covered.
Should you or an employee, whether working or otherwise, be injured accidentally, this section will provide cover as stated in your policy schedule. This can either be on a stated benefit basis (i.e. related to annual salary of employees, or a fixed amount).
Cover for any car, light delivery vehicle, trailer, caravan or motor cycle.
There are three types of car insurances - Comprehensive, 3rd Party Fire & Theft, 3rd Party Only.
Note: Vehicle hire, credit short fall, tyre and rim cover, scratch and dent cover can be added at an additional premium
Cover for the replacement or repair of sudden and unforeseen physical loss to your hardware such as computers, printers etc.
Note: You can extend this cover to include for the reinstatement of your data and compatibility cover.
Machinery is covered under the Fire and Theft section. However, you may incur accidental damage to your equipment. Machinery Breakdown is accidental insurance for machines, internal breakdown or derangement. Machines have a limited life span as they are exposed to wear and tear: therefore, machinery owners must depreciate their machines annually and establish reserves for replacement.
The breakdown of your plant or machinery will have a negative impact on the running of your business. This section covers for reduction in turnover and increased working following a machinery
breakdown/loss (if insured in terms of the Machinery breakdown section).
Cyber Insurance offers protection for cybercrime, privacy and media risks faced by companies during day to day operations. Every company that stores client or employee personal information should have cyber insurance in place to protect against financial losses, as a result of any criminal activity involving a computer or network, such as the unauthorised access to, interference with, fraud and forgery of data. Providing first and third party cover for the consequential damages of a network or security breach. An example of a cyber claim would be if a hacker or employee steals customer information and threatens to post it publicly or sell it in exchange for money.