Our Foreign Travel Insurance policy is designed to cover travelers outside of Ghana during the period of insurance, for unforeseen events that may give rise to medical expenses as a result of an accident, lost checked-in luggage, emergency repatriation, flight accident, and other losses incurred as specified in the policy while traveling outside Ghana. The […]
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The Professional Indemnity (Liability) Insurance policy is required by law under The Insurance Act, 2021 (Act 1061), Sections 216 and 217. This policy is designed to protect against the risks of providing inadequate advice, errors, omissions, and negligence in the delivery of professional services to clients. The coverage includes legal defense costs and any damages
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The Public Liability Insurance policy is required by law under The Insurance Act, 2021 (Act 1061), Sections 214 and 215. This policy protects clients from financial losses arising from their business liability to third parties (the public) for death, bodily injury, or property damage, as well as personal and advertising injury caused by the client’s
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Group Life Insurance policy is also a disability-related insurance policy in which a single contract covers an entire group of people. Just like Workmen’s Compensation insurance policy, the policy owner is the employer and the policy covers the employees or members of a group. And, the biggest appeal to employers and employees alike is its
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This insurance policy is essential for corporations governed by a board of directors. It is designed to cover legal liabilities resulting from claims made against the directors and officers, either jointly or individually, during the policy period, due to their “wrongful acts” while performing their official duties.Wrongful acts are defined to include but not limited
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The Insurance Law, 2021, ACT 1061, Section 222 (1)(2) mandates marine insurance as compulsory: “A person importing goods, other than personal effects, into the country must insure the goods with an insurer licensed under this Act.” Additionally, “A person shall not place marine hull or cargo business, other than reinsurance business, with an insurer not
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There are three covers under the motor insurance: Third Party only (compulsory), Third Party Fire & Theft, and Comprehensive Cover. Third Party Only – covers death or bodily injuries and property damage. The policy indemnifies the owner and any permitted driver in respect of their legal liability to third parties for death and bodily injury,
In Ghana, the Workmen Compensation Law (PNDC Law 187, Act 1987) mandates that employers are liable to pay compensation if an employee sustains personal injury due to an accident arising out of and during the course of employment. The law imposes strict liability on all employers, with the only exception being for those employed in
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Contractors Plants and Machinery (CPM) is a policy that covers the contractor for loss or damage to contractors’ plant and machinery on site that may occur during construction. CPM insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. It covers the following: Fire and accidental damage
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The ‘Erection All Risks’ (EAR) insurance provides coverage for unforeseen, unexpected, and accidental physical loss or damage/destruction to the erection works (whether permanent or temporary) and contractor’s equipment, caused by any event except those specifically excluded, during the policy period. The coverage includes risks such as fire, lightning, flood, theft, malicious damage, earthquake, riots and
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