Your MAPFRE Middlesea Insurance policy includes a wide range of tailor-made products to meet the insurance requirements of both small to medium enterprises. These include: Accidental Damage (Property & Business Interruption); Fidelity Guarantee; Directors & Officers Liability; Fire & Perils; Group Personal Accident; Electronic Equipment; Hoteliers Combined; Travel Open Cover; Machinery Breakdown; Commercial Plan; Public Liability; Contractors ‘All Risks’; Theft; Products Liability; Contractors Plan ‘All Risks’; Goods in Transit; Tool of Trade; Marine Cargo; Money; Employers Liability.
Fidelity Guarantee covers the loss of money belonging to the insured, or for which he is legally responsible, as the direct result of any act of fraud or dishonesty committed by any employees named or described in the schedule during the currency of the guarantee.
Fire and perils guarantee covers loss of or damage to the property insured by fire or otherwise directly caused by explosion, but excluding loss of or damage to boilers, or economisers. Other vessels, machinery or apparatus in which pressure is used or their contents resulting from their explosion are also excluded.
Electronic equipment covers the electronical items, or any part thereof entered in the schedule, that suffer any unexpected physical loss or damage from any cause (other than those specifically excluded), needing repair or replacement.
With the Machinery Breakdown Guarantee we will indemnify you in respect of loss or damage, by payment in cash, replacement or repair (at Mapfre Middlesea’s option) up to an amount not beyond in one year of insurance in respect of each of the items specified in the schedule, and not exceeding in all the total sum expressed in the schedule as insured.
With the Commercial Plan, the sum payable in the event of loss, destruction or damage of the property insured (other than stock and materials in trade and goods in trust) shall be the cost of replacement, no deduction being made for wear and tear or depreciation, except in respect of articles or wearing apparel, towels, linen and similar items which are regularly laundered.
Public liability guarantee covers all sums which the policyholder shall become legally liable to pay for compensation in respect of accidental bodily injury to or illness of any person, or accidental loss of or damage to material property, happening within a situation of risk (exposed in the schedule) in connection with the business.
Contractors all risks guarantee covers the items in the schedule if they suffer any sudden physical loss or damage from any cause.