Miscellaneous Accident

• We provide our clients with several insurance programs that cover expenses and liabilities resulting from various types of accidents. The policies cover expenses incurred by the business during an interruption, loss of profits, loss of transferred funds, losses that may result from breach of trust, damage to establishments including the exterior of buildings, whether broken or damaged, medical expenses, physical damage and more. Our miscellaneous accident insurance policies allow you to choose the services that best suit your needs and requirements.

  All Risks Policy

  This policy covers loss or damage to your jewellery, electronic equipment and other personal items by accident, robbery, theft or acts of God. A Valuation Report is required for Jewellery items. Worldwide cover is optional at an additional cost.

  Burglary

  This policy covers you for loss sustained as a result of theft and damage to property caused by external visible and violent entry into or exit from the premises

  Fidelity Guarantee

  This policy covers you for loss sustained as a result of fraud or dishonesty committed by employees whilst in your employ.

  Goods in Transit

  This policy covers loss or damage to goods/merchandise and containers belonging to the insured, whilst in transit on land in Barbados.

  Money

  This policy covers you for loss of your business’ cash from incidents of robbery and hold up:

  • Whilst in transit to and from the bank and between branch locations
  • During the opening hours of business
  • When your business is closed

  Damage to safes and vaults is also covered.

  Plate Glass

  Covers breakage of internal and external glass at the premises including damage to contents of display windows.

Liability Insurance

• The liability class of insurance indemnifies the Insured against the financial consequences to third parties of accidents or events for which he is legally liable.

  Public Liability Insurance

  In every line of work, there’s always the potential for something to go wrong – and accidents do happen. Personal injury and property damage claims are now more frequent and can be incredibly expensive. Even if you’re not at fault, you may still incur considerable legal costs while defending yourself. Public liability insurance protects you against claims of personal injury or property damage that a third party suffers (or claims to have suffered) as a result of your actions.

  In real terms, this means that if someone is injured or their property is damaged while you’re providing a service or they visit your premises, they may take legal action against you to recover their losses. General Accident’s Public liability policy is designed to help protect you and your business by ensuring that if this happens, you don’t have to pay any legal or court costs. It covers incidents that occur in your workplace, as well as incidents at other locations.

  Products Liability Insurance

  It’s important that your business is protected against claims in case you supply a product that malfunctions, fails or causes harm. Products liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business. It is designed to help protect your business by ensuring that if this happens, you don’t have to pay any legal or court costs.

  General Accident’s Product Liability insurance safeguards your business by providing cover against such claims for personal injury and property damage, including legal defence costs. So, you can confidently go about your work, knowing that you’re protected if something goes wrong.

  Employers’ Liability Insurance

  No matter how safe a work environment you create, there is always the possibility that your employees may get hurt on the job. Whether or not your business is at fault, you may still face the cost of legal action taken against you.

  Employers’ liability insurance protects your business against claims made by employees who have been accidentally injured, killed or become ill as a result of working for you. The policy covers compensation costs, legal fees and medical expenses associated with these claims.

Engineering Insurance

• Protect your on-going construction project, plant, machinery or electronic equipment against loss or damage with this comprehensive insurance product.

  Equipment All Risks

  A policy that covers direct physical loss of or damage to property including incorrect operation, negligent or malicious acts of employees or third parties, burglary, theft, robbery, short circuiting, excessive voltage, induction, fire, lightning and explosion, scorching and charring, smoke, soot, forces of nature such as hurricane, storm, flood, hail, earthquake, any influence of water and moisture and any other accident not specifically excluded.

  Contractors All Risks

  This policy covers all risks of physical loss or damage to the contract works including all materials awaiting use including:

  Fire, lightning, hurricane, earthquake, cyclone, tornado, windstorm, volcanic eruption, flood, impact damage, aircraft damage (including things falling therefrom), malicious damage, riot, strike, civil commotion, explosion, bursting of pipes and overflowing of water tanks, subsidence, accidental damage, burglary and theft.

  Computer All Risks

  General Accident’s Computer All Risks Policy covers all risks of physical loss or damage to electronic data, processing equipment and the like, including;-

  Fire, lightning, spontaneous combustion, volcanic eruption, explosion, subterranean fire, earthquake, hurricane, windstorm storm, tempest, cyclone, tornado, hail, flood, riot, strike civil commotion, malicious damage, aircraft damage (including things falling therefrom), impact damage, bursting of pipes and overflowing of water tanks and other apparatus.

  Burglary, Housebreaking and Theft

  Accidental Physical Damage.

  Mechanical and electrical breakdown subject to maintenance contract.

Bonds

• Why choose Bond Insurance?

  GENAC guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

  Tender/Bid Bond

  To ensure that the contractor has the experience and means to deal with the contract if awarded to him. This bond is a guarantee by the Surety/Insurer to cover the cost to the Principal in the event the contractor is unable to take up the award and the contract needs to be re-tendered.

  Performance Bond

  An undertaking/guarantee by the Surety/Insurer to pay compensation to the Principal if the person guaranteed by the bond (contractor) fails to fulfil his obligation under the terms of the contract to complete the performance of the contract works and, in the manner, prescribed.

  Mobilization Bond

  An undertaking/guarantee by the Surety/Insurer to pay compensation to the Principal where the contractor has been advanced funds by the Principal to commence the work. Where an advance payment is made, the Principal needs to be sure that this will be expended on the contract.

  This bond is to guarantee that the contractor will use the advanced payment in the manner it is prescribed