Small and Medium Enterprises
SME Package Options
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Benefit
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Description
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|---|---|
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Fire -Building
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On Buildings up to a maximum value of Kshs. 200,000,000.00 |
| Money |
On Money in Transit, Money in Premises, Money with Authorised staff/Directors/Partners & Damage to safe Limit up to a maximum of 5% of the value of Stock, Fixtures, Fittings and Contents Money means Cash & Cash equivalents (excluding all forms of electronic & Third Party Funds transfers) Excess: 10% of each and every loss minimum Kshs.10,000.00 |
| Fidelity Guarantee | Limit per person Kshs.500,000.00, Maximum number of employees covered: 10 Collusion / Aggregate Limit Kshs. 2,000,000.00 Excess: 10% of each and every loss minimum Kshs.10,000.00 |
| Geoup Personal Accident |
On up to 4 Owners & Directors (Named Basis Only) Accidental Death/Permanent Total Disability Kshs.2,000,000.00 Excess: Nil |
| Employer's Liability |
Kshs. 2,000,000.00 per person Kshs. 10,000,000.00 per occurrence Kshs. 20,000,000.00 aggregate Excess: Kshs. 25,000 each and every claim |
| Machinery Breakdown |
On Machinery Equipment up to a maximum of 10% of the value of Stock, Fixtures, Fittings and Contents Excess: 10% of each and every loss minimum Kshs.10,000.00 |
| Goods in Transit |
Single Transit Limit up to a maximum of 10% of the value of Stock, Fixtures, Fittings and Contents Excess: 10% of each and every loss minimum Kshs.10,000.00 |
| Terrorism, Sabotage & Political Risks |
On the value of Building, Stock, Fixtures, Fittings & Contents Excess: 10% of each and every loss, minimum Kshs.1,000,000/- |
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Benefit
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Description
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|---|---|---|
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Death |
96 months earnings subject to the maximum amounts set out under the Limits of Liability below | |
| Permanent Total Disablement (PTD) | 96 months earnings subject to the maximum amounts set out under the Limits of Liability below | |
| Total Temporary Disablement (TTD) | As per the Work Injury Benefits Act, 2007 subject to a maximum of twelve months earnings. | |
| Medical Expenses | Actual expenses incurred but limited to Kshs.100,000/= per employee | |
| Funeral Expenses |
Kshs.30,000/= per deceased employee Limits of the Company a. Any one person Kshs 4,000,000/ b. Any one occurrence Kshs 25,000, c. Any one-year Kshs 50,000,000/ |
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