Comprehensive policy holders are covered in the following circumstances:
Full Third Party Fire And Theft
This policy covers:
Internal And External Policies
Madison General Insurance Company Zambia Ltd offer a wide range of benefits that you can enjoy including:
Madison General Insurance has a team of account managers ever willing to attend to all their customers, they are well groomed, very professional and offer over the top customer service.
This policy covers your legal liability as an employer for death, bodily injury or disease caused during the period of insurance to an employee arising out the course of his employment.
This policy covers all sums which the insured shall become legally liable to pay as damages (including all litigation expenses incurred but only with the consent of the insurers) arising from:
This policy covers accidental loss or damage to insured items from any cause other than those specifically excluded on the policy. It usually applies to high valued portable items.
This policy covers loss of or damage to property/ contained in the business premises through forcible and violent entry into or exit from the premises. It also covers damage to premises in the course of the theft or any attempt thereafter up to a stated limit.
This policy covers direct financial loss sustained by you as a result of fraud or dishonesty of your permanent employee (s), which results in dishonest personal financial gain for the employee (s) concerned.
Group personal accident
This policy covers accidental bodily injury/death to the insured employees caused solely through external violent and visible means and where such injury prevents the employee from performing normal duties. This policy usually covers permanent employees but can also cover casual employees on request.
Individual personal accident
This policy covers accidental bodily injury /death caused solely through external violent and visible means to individuals (whether employed or not).
This policy covers loss of money belonging to the insured whilst such money is in transit or on the insured's business premises. It may also cover:
This policy will indemnify you (as the insured) against your legal liability for damages and claimant's costs and expenses in respect of claims for breach of professional duty
This policy covers loss of or damage to glass situated at the insured's premises, the property of the insured
This policy covers the insured against their legal liability to pay compensatory damages (including claimant's costs and defense costs) for bodily or mental injury to, illness, disease or death of any patient caused or alleged (other than by the insured) to be caused or alleged by malpractice arising out of the Business/profession.
Directors' and officers liability
This policy covers you as the insured against your legal liability for loss/damage resulting from any wrongful act of your insured staff in their capacity as director, officer or employee of the company except as specifically excluded.
Customer protection This policy covers hire purchase companies for goods which are the subject matter of a Hire purchase Agreement against loss or damage by accident arising from fortuitous circumstances not specifically excluded.
Covers loss or damage due to fire, lightning, storm, malicious damage, transit and theft of harvested crop whilst stored in the silo or building. The covers available include:
Covers death of animals in respect of accidents illness and diseases and epidemics. Policies can be extended to cover theft, calving risks, etc. the cover is suitable for animals such as cattle, sheep, pigs, horses and poultry.
This is full package which provides cover for the following: Livestock, farm buildings, plant and equipment, household goods, motor, money, goods in transit and liabilities. For details on agriculture insurance, please contact Madison General Insurance Company through any of their offices.
Goods in transit
This is an annual policy covering goods whilst in transit within Zambia against:
Single in-land transit
This is a single transit cover of goods within Zambia, which is terminated immediately goods are unloaded from the conveyance. Cover is against loses and damage to the goods causes not specifically excluded on the policy.
Marine open cover
This provides automatic cover for regular shipments to and from abroad on declaration basis, covers is against losses and damage to the goods from causes not specifically excluded on the policy.
This policy is issued to clients whose imports are irregular and it covers loses and damage to the goods from causes not specifically excluded on the policy.
Craft and motor
This provides loss or damage and third party cover to small vessels.
Fire and allied perils
This product covers your property against:
The under-noted perils can be given at an additional cost:
Fire Business Interruption
Provides against loss of profit due to reduction in turnover and increase in cost of working arising from an interruption of or interference with the business carried on by the insured at the premises.
Provides cover as in (1) above plus:
House owners (covers residential buildings)
Provides cover as in (1) above plus:
Householders (covers house contents)
Provides cover as in (1) above plus:
Electronic equipment all risks
Provides cover to computer equipment against any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded on the policy.
Contractors all risks
Provides cover to all civil engineering works against:
Plant all risks
Provides cover to plant against any unforeseen and sudden physical loss or damage from any cause not specifically excluded.
Erection All Risks
Provides Cover to individual machines, complete manufacturing complexes and steel structures which are being erected against unforeseen and sudden physical loss or damage resulting from-
Covers any sudden and unforeseen physical loss or damage other than fire damage to machinery whilst on the premises, whether they are at work or at rest from any causes not specifically excluded.
Loss of Profits following Machinery Breakdown
Provides cover to the insured against loss of profits following a claim under machinery breakdown.
Boiler and pressure vessel
Provides cover against:
Deterioration of stock
Provides cover against loss of or damage to stock caused by deterioration, putrefaction or contamination due to any unforeseen and sudden physical loss of or damage to machinery indemnifiable under the machinery breakdown policy in force.
This policy is issued to individuals to cover the following up to stated limits/sums insured.
Madison General Insurance Company Zambia can underwrite insurance for you to cover the following situations.
There are two types of construction risks insurance. The first covers damage to property, for example, damage to buildings and other structures being constructed or to the existing building in which the construction is being carried out. The second covers liability for third party claims for injury and death or damage to third party property. The principle is that contractors' all risks insurance covers those losses not covered by an 'excluded peril'. For example some contracts exclude from cover risks such as defects due to 'wear and tear, obsolescence, deterioration, rust and mildew, loss and damage arising out of war and for faulty workmanship and faulty design'.
The benefit to the insured under this type of policy is that the burden is shifted to the insurer who, to resist the claim, is required to show that the cause of the loss falls within an exclusion. Engineering insurance can describe any of several types of insurance policies. This can describe any type of insurance policy related to the erection of buildings and construction projects, including the building and operation of machinery.
Construction projects and engineering often involve the use of heavy machinery and equipment that can pose a threat to the health of workers; insurance can protect engineering businesses from having to pay for such injuries if they occur. Engineering and construction companies must typically carry general liability insurance to protect against possible injuries that might occur as a result of engineering work. For example, if an engineer goes to a work site and accidentally damages the client's property or injures a worker employed by the client, general liability insurance could pay for costs that arise as the result of a lawsuit.