GLICO GENERAL

PRODUCT LINES FOR CORPORATE BODIES



Glico General's Motor Vehicle Insurance
---------------------------------------------------------------------------------------------------------------------------------
Our Motor Vehicle insurance offers three different types of cover Third Party This is our minimum cover. It covers your liabilities to third parties in respect of damage caused to their property or injury/death to the third parties as a result of the use of your vehicle. Our standard Third Party policy has a limit on the liability for property damage. However there is an option for an increase in the limit upon request. This benefit comes with a small additional premium charge.

The policy does not cover any loss or damage to your own vehicle.

Third Party Fire & Theft

Our Third Party Fire and Theft policy offers the benefits under the Third Party in addition to providing cover for your own vehicle when the vehicle or any of its parts are stolen through violence or force, or there is loss or damage to the vehicle as a result of fire.

The policy does not cover own damage losses.

Comprehensive

This policy provides comprehensive cover to our clients. In addition to granting cover for your liability to third parties, our comprehensive policy covers such risks as fire, explosion, theft, accidental collision or overturning due to mechanical breakdown, malicious damage, flood, storm, to mention but a few.

It also provides cover for a certain amount for emergency medical treatment as well as personal accident benefit to the insured or the driver of the vehicle.

We also have a specially designed motor comprehensive package for identified groups and staff unions at various organisations. This package offers the comprehensive policy at a competitive price with enhanced benefits.
top^

Glico General's Fire and Allied Perils Policy
---------------------------------------------------------------------------------------------------------------------------------
The Glico General Fire and Allied Perils policy covers losses or damages to your property resulting from Fire, Explosion (specifically of gas used for domestic purposes) and Lightning. Our policy could be extended to cover such perils as impact usually by vehicles or animals, riot & strike, bursting or overflowing of water tanks, apparatus or pipes, flood, earthquake, hurricane, tornado, windstorm, cyclone, aircraft or any other aerial device or article dropped therefrom.

Our policy also takes care of such expenses as Engineers, Architects and Surveyors fees, expenses from removal of debris, all of which arise following the occurrence of fire or any insured peril. Such physical properties as buildings/structures, office equipments, stocks, raw materials, furniture and fittings, plants and other equipments may be covered.
top^

Glico General's Burglary Policy
---------------------------------------------------------------------------------------------------------------------------------
Our burglary policy indemnifies you against loss of or damage to your often movable property by theft following entry or exit from the business premises by forcible and violent means. Damage sustained by the premises in the course of the burglary is also covered. Such property as stock in trade, raw materials, furniture, office equipment may be also covered.

The burglary policy will also pay for the cost of damage to the insured property following an attempted theft where where is threat to life. Our cover extends to individuals, small businesses and large organisations/businesses.
top^

Glico General's Money Insurance
---------------------------------------------------------------------------------------------------------------------------------
The nature of your business may require that cash be sent to and from your business premises to the bank and vice versa, or kept temporarily in a secured safe in the office. The risk of theft whilst the cash is in transit or kept in the safe is very real. The Glico General Money insurance policy offers to indemnifies you against loss of cash, bank drafts, currencies notes, treasury notes, coins, cheques and current postal orders and stamps as result of an accident or an armed robbery attack whilst in transit from your premises to the bank and vice versa or from one branch office to another and/or loss of monies otherwise locked in a safe as result of a break-in.
top^

Glico General Public Liability Policy
---------------------------------------------------------------------------------------------------------------------------------
Business owners have liabilities to third parties who may suffer accidental bodily injuries, death, and damage to their property arising out of the owner's business activities. Our Public Liability policy shall indemnify you as a business owner against such liabilities. The policy also extends to cover legal cost claims brought to you by the claimant. If your business premises are used by a large number of customers and the general public, example in the case of construction sites, offices, shop, hotels, it is very necessary that you take our Public Liability policy to ensure peace of mind.
top^

Glico General Shop Owners Policy
---------------------------------------------------------------------------------------------------------------------------------
Our Comprehensive Shop Owners policy is a unique product targeted at small scale businesses that buy and sell goods/ items. This policy has been exclusively designed to combine the benefits of our fire and allied perils policy and the burglary policy. The policy provides cover for :

Buildings: occupied and used as a shop constructed of brick, stone or cement blocks/concrete; Contents: Stock in trade, Goods, Merchandise Office equipment and Furniture;

against loss or damages arising from fire or its allied perils or when theft occurs following forcible entry or exit into or out of the shop. A free public liability of up to GH¢500.00 per accident is an additional benefit on the policy.
top^

Glico General's Assets All Risk Policy
---------------------------------------------------------------------------------------------------------------------------------
This policy indemnifies the insured against loss, destruction or damage to the insured property from any cause whatsoever (except where specifically excluded), from accidental, sudden and unforeseen cause. It is an all embracing policy, which covers Fire and Allied Perils (Flood, Tornado, Windstorm, Earthquake, Burst Pipes and apparatus, Lightening, Strikes, Riots and Civil Commotion) as well as Burglary/Theft. The Policy Schedule is divided into three sections:

i. Buildings
ii. Plant and Machinery
iii. Contents – Office Equipment, Furniture, Fixtures and Fittings.
top^

Glico General's Fidelity Guarantee Policy
---------------------------------------------------------------------------------------------------------------------------------
This policy offers the insured company protection against the infidelity or dishonesty on the part of employees such as accountants, cashiers and other categories of employees who handle money or deal with the finances/cash of the company. The policy reimburses the insured for all loss of money due to acts of fraud and dishonesty on the part of employees.
top^

Glico General's Goods in Transit
---------------------------------------------------------------------------------------------------------------------------------
The risks associated with the transportation of goods from one destination to another is what ths policy covers. It indemnifies the insured for loss or damage by any accident or misfortune whilst the property insured is in transit. You are also covered whilst the insured property is in the course of loading or unloading from the conveyance or whilst temporarily housed in the ordinary course of transit. Our Goods in Transit policy ensures that where there is loss or damage to goods following robbery, an accident or fire, you are indemnified to the extent of the loss or damage.
top^

Glico General Marine Hull
---------------------------------------------------------------------------------------------------------------------------------
This policy covers loss or damage to hull and machinery to the carrying vessel, machinery and third party liability flowing from the perils of the sea or any other navigable waters. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.

Various vessels that can be insured under our Marine Hull policy ranging from Fishing Vessels, Passenger Vessels, Cargo Vessels through to Yacht and Boats. The policy could be taken for a specific voyage (Voyage Policy) or for a specified period, normally 12 months (Time Policy) and the Institute Time Clauses (Time, FPA and Total Loss Only) and be adopted amongst others depending on the nature and degree of the risk. Our policy covers both the hull as well as the machinery.
top^

Glico General Marine Cargo
---------------------------------------------------------------------------------------------------------------------------------
Marine Cargo Insurance refers to the insurance of goods shipped from one place to another, anywhere in the world. The policy is usually effected on a "per voyage" basis i.e., from the time the goods leave the premises of the seller until the time they finally arrive at the buyer's premises. It can can either be effected by the buyer or the seller depending on the contract of sales be it FOB, C&F or CIF . We can arrange an Individual Cover for each and every shipment or an Open Cover which is a continuous policy providing automatic cover for all shipment descriped in the policy.

Our Marine Cargo Policy covers varied risks such as shipment by sea, by air, inland transits and adopts the Institute Cargo Clauses A,B,C amongst others in providing you with robust and tailored cargo insurance in respect of all goods imported/exported in or out of the country.
top^

Glico General's Employers Liability
---------------------------------------------------------------------------------------------------------------------------------
Every employer is under an obligation to ensure the safety of its employees at work and could thus be held liable for death, injuries, ailment, etc sustained by the employee in the course of his or her employment. You could transfer such liability to Glico General when you take our Employers Liability or the Workmen's Compensation Policy. This policy indemnifies you as an employer against your legal liability to pay compensation for injuries, diseases, ailment, etc. to your employees resulting from accidents arising out of and in the course of their employment. The policy also pays for legal costs incurred in contesting a claim.
top^

Glico General's Group Personal Accident Policy
---------------------------------------------------------------------------------------------------------------------------------
The Workmen's Compensation policy provides cover for injuries occurring at the workplace or relating to the work of an employee. It does not cover accidents occurring at home, public places, etc. This policy covers the various types of risk which you are exposed to daily. It provides a 24-hour cover compared to the workmen's compensation policy which ends at the close of work and provides compensation for accidental death or bodily injuries to a member of a group. It is usually more advantageous for a group (association, club, organisation or company) to take this type of cover than for each of them to take individual personal accident cover, because it becomes more economical and encompasses addtional benefits.
top^

Glico General's Contractor's All Risk
---------------------------------------------------------------------------------------------------------------------------------
Our Contractor's All Risk policy provides comprehensive protection against loss or damage in respect of contract works both in the course of construction or erection until completion. The cover extends to also include loss of or damage to the unfixed materials or equipment on site. Our policy allows for all items of construction plant and equipment and/or construction machinery and tools as well as temporary buildings for use as site offices and their contents, to be covered. You can also extend cover to third party liability up to and not exceeding a specified amount for which you as the contractor shall be legally liable consequent on: -

i. Accidental bodily injury or illness to third parties;
ii. Damage to property belonging to third parties.
top^

Glico General's Plant & Machinery Policy
---------------------------------------------------------------------------------------------------------------------------------
This policy covers all types of machinery, plant and mechanical equipment, including construction equipment, plants, and production equipment at work or at rest or during maintenance operations. The policy covers unforeseen and sudden physical loss of or damage to plant, machinery and equipment which necessitate their repair or replacement.

It therefore covers such causes as faulty design, faulty operations, malicious acts, physical explosion, short circuit, storm etc.
top^

Bid Bond
---------------------------------------------------------------------------------------------------------------------------------
Any Principal who desires to award a target project by competitive bidding process would want an assurance that as a Bidder, you would not withdraw from the bid until the contract is duly awarded; and that if you happen to be the winner, you would proceed to obtain a Performance Security for the contract. Failure would result in a penalty paid to the Principal. Glico General acts as Surety by issuing our Bid Security Bond to guarantee to the Principal that you would conform to the terms of the Bid and that if you fail to comply, we should be held liable for up to the amount of the Bond issued to the Principal.

Performance Bond

The Principal, having awarded the contract to you, may want a guarantee that you would perform the contract in accordance with stated specifications and within a specified period. Again, Glico General would act as a Surety to provide a Performance Guarantee to the effect that you would carry out the contract in accordance with the specifications and within the agreed period. The Principal would thus fall on us to pay up to the amount of the guarantee bond should you fail to perform as mentioned above.

Advance Payment

In some situations, a Principal who awards a contract to a Contractor agrees to make some advance payments to enable the Contractor mobilize resources towards effective performance of the job(s). Our Advance Mobilization Guarantee is a form of loan guarantee which protects the Principal against loss of advance payment. Our policy provides that we, as insurers, guarantee the judicious use of the monies advanced to the Contractor on the job failing which we shall pay whatever balances that may remain outstanding should the contractor fail to perform the contract.
top^