Covers under Accident Policy

  • Motor policythis can be third party or comprehensive. A third party is an agreement between another party who may be insured/whose property damaged by the insured vehicle and is usually compulsory in Kenya. A comprehensive is one which covers all possible risks that may occur out of operating the motor vehicle.
  • Personal accident – compensation is provided in case of death/injury caused through an accident. A lump sum of money is paid by the insurance company to the injured person /his/her kin if the insured dies.
  • Accidents and specified diseases – a person is insured for specified disabilities.the company compensates the insured for bills incurred and the loss of income due to his/her inability to work.
  • Employers liability/workman’s compensation – the policy covers employees for injuries sustained in the course of their official duties.
  • Fidelity guarantee – this cover insures the employer against financial loss due to the dishonesty of employees.
  • Public liability – this policy covers losses arising from injury damage or death caused to the members of the public by an insured,his/her property,his/her employees and agents.also cover losses occurring due to goods sold/services offered, construction work,repairs and mistakes  while executing professional duties.

(Visited 44 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *