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Corporate and Business Insurance

Corporate and Business Insurance

Stanbic Insurance Agency (SIA) understands how important it is to get your business back up and running when something unexpected happens. We can give you advice on a wide range of insurance products.

Some of the benefits

Business Insurance

Covers your business building against damage or loss

Commercial Motor insurance

Protection against accidental loss or damage to your commercial motor vehicles

Stock insurance

Will cover loss or damage to stock kept inside the building where the damage occurred. we'll even cover the fire extinguishing charges

Stock in transit

Provides you with complete peace-of-mind, knowing that you'll be fully covered for loss or damage to your stock or goods
Business Insurance

Your business buildings will be covered against damage or loss caused by impact, earthquake, wind, hail, lightning, flood, subsidence, as well as damage caused by fire or explosion and malicious damage.

Buildings are also covered against power surge damage, burst or leaking water-supply systems and water pipes. We'll even pay for any fire extinguishing services in the event of a fire.

We cover accidental damage to water, sewerage, gas, electricity and telephone connections between the building and the public supply or mains. Malicious damage to the building is covered as standard.

The cover will pay for loss or damage occurring during construction or alteration, caused by an incident for which you can claim. This includes cover for building materials, fixtures and fittings which you own or for which you are responsible. We'll even pay the extra cost to repair and rebuild the damaged sections so that it complies with the public authorities requirements.

Fixtures and fittings which are temporarily removed from the building for the purpose of cleaning, renovation or repair are covered for up to an agreed percentage of the insured value.

The cover includes the following add on options: -

  • Theft cover - In case of loss or damage to fixtures and fittings inside or outside the building caused by theft, it covers you for the full replacement value of your items.
  • Accidental and malicious damage to fixed glass - This optional cover provides cover for both accidental and malicious damage (including damage caused by theft) to fixed glass forming part of the structure of the building as well as damage to sanitary ware
  • Water-supply tanks and pipes wear-and-tear - Cover for damage caused by the leaking or bursting of a water-supply tank, its parts and any concealed pipes. This cover is specifically for damage caused by rust, decay, gradual deterioration, wear-and-tear, cracking, splitting, faulty materials and workmanship or latent defects.
  • Comprehensive subsidence insurance – Cover for damage caused by any downward movement of soil resulting from natural shifts or human activity resulting in structural damage to your property.
  • Loss of rent receivable - If, after a claimable incident, the building is unfit to occupy - it'll cover you for loss of rent receivable until the building is once again fit to occupy.
Business Contents Insurance

Insures your business contents any loss or damage that was caused by flood, snow, hail, wind, impact, fire, explosion or subsidence. Your business contents will also be insured for malicious damage and damage caused by power surges or power dips.  It also covers damage caused by the bursting of water-supply tanks or pipes and we'll also cover the costs of replacing any documents - however, the cost for reproducing the data is not included.

The following add on products further enhances the cover:

  • Stock Insurance
  • Burglary Insurance
  • All Risk Insurance
  • Electronic Equipment Insurance
  • Money Insurance
Stock Insurance

Will cover loss or damage to stock kept inside the building where the damage occurred because of explosion, acts of nature, bursting of geysers and water pipes, malicious damage (not theft), impact or fire - we'll even cover the fire extinguishing charges.

The cover includes the following add on options: -

  • Theft Cover - This optional cover also allows you to cover your stock against theft - for either its full replacement value or on a first-loss basis.
  • Damage or theft - outside the building - If you have stock that is designed to operate outside of the building, this optional cover ensures that you'll be properly compensated in case of damage or theft.
  • Deterioration of refrigerated stock - You're covered for loss or damage to stock kept inside a cooling unit where mechanical or electrical breakdown caused the cooling unit to be out of order for more than 24 hours.
Burglary Insurance

The insurance policy will indemnify the Insured in respect of loss of or damage to the contents Insured caused by theft following actual forcible and violent entry into or exit from the premises. It also extends to any damage to the premises for which the client is responsible following upon or occasioned by an actual forcible and violent entry into or exit from the premises or any attempt thereat.

  • Business Insurance
  • Business Contents Insurance
  • Stock Insurance
  • Burglary Insurance

Your business buildings will be covered against damage or loss caused by impact, earthquake, wind, hail, lightning, flood, subsidence, as well as damage caused by fire or explosion and malicious damage.

Buildings are also covered against power surge damage, burst or leaking water-supply systems and water pipes. We'll even pay for any fire extinguishing services in the event of a fire.

We cover accidental damage to water, sewerage, gas, electricity and telephone connections between the building and the public supply or mains. Malicious damage to the building is covered as standard.

The cover will pay for loss or damage occurring during construction or alteration, caused by an incident for which you can claim. This includes cover for building materials, fixtures and fittings which you own or for which you are responsible. We'll even pay the extra cost to repair and rebuild the damaged sections so that it complies with the public authorities requirements.

Fixtures and fittings which are temporarily removed from the building for the purpose of cleaning, renovation or repair are covered for up to an agreed percentage of the insured value.

The cover includes the following add on options: -

  • Theft cover - In case of loss or damage to fixtures and fittings inside or outside the building caused by theft, it covers you for the full replacement value of your items.
  • Accidental and malicious damage to fixed glass - This optional cover provides cover for both accidental and malicious damage (including damage caused by theft) to fixed glass forming part of the structure of the building as well as damage to sanitary ware
  • Water-supply tanks and pipes wear-and-tear - Cover for damage caused by the leaking or bursting of a water-supply tank, its parts and any concealed pipes. This cover is specifically for damage caused by rust, decay, gradual deterioration, wear-and-tear, cracking, splitting, faulty materials and workmanship or latent defects.
  • Comprehensive subsidence insurance – Cover for damage caused by any downward movement of soil resulting from natural shifts or human activity resulting in structural damage to your property.
  • Loss of rent receivable - If, after a claimable incident, the building is unfit to occupy - it'll cover you for loss of rent receivable until the building is once again fit to occupy.

Insures your business contents any loss or damage that was caused by flood, snow, hail, wind, impact, fire, explosion or subsidence. Your business contents will also be insured for malicious damage and damage caused by power surges or power dips.  It also covers damage caused by the bursting of water-supply tanks or pipes and we'll also cover the costs of replacing any documents - however, the cost for reproducing the data is not included.

The following add on products further enhances the cover:

  • Stock Insurance
  • Burglary Insurance
  • All Risk Insurance
  • Electronic Equipment Insurance
  • Money Insurance

Will cover loss or damage to stock kept inside the building where the damage occurred because of explosion, acts of nature, bursting of geysers and water pipes, malicious damage (not theft), impact or fire - we'll even cover the fire extinguishing charges.

The cover includes the following add on options: -

  • Theft Cover - This optional cover also allows you to cover your stock against theft - for either its full replacement value or on a first-loss basis.
  • Damage or theft - outside the building - If you have stock that is designed to operate outside of the building, this optional cover ensures that you'll be properly compensated in case of damage or theft.
  • Deterioration of refrigerated stock - You're covered for loss or damage to stock kept inside a cooling unit where mechanical or electrical breakdown caused the cooling unit to be out of order for more than 24 hours.

The insurance policy will indemnify the Insured in respect of loss of or damage to the contents Insured caused by theft following actual forcible and violent entry into or exit from the premises. It also extends to any damage to the premises for which the client is responsible following upon or occasioned by an actual forcible and violent entry into or exit from the premises or any attempt thereat.