Main Covers small and medium groups

Property Insurance

We offer tailored insurance policies for your property insurance needs. Along with standard offerings such as Fire and Allied Perils, Property All-risk and Consequential Loss of Profit you can add Money and Fidelity Guarantee insurance and more.

Property Insurance protects you, the owner, against accidental loss or damage to buildings, fittings and fixtures, machinery, furniture, stock, and the consequential loss of profits. GIG provides three types of covers to ensure your property is well protected, discover them below:

  • Fire & Allied Hazards Insurance
  • Property All-Risk Insurance
  • Consequential Loss of Profit Insurance


Fire & Allied Hazards Insurance

This cover provides comprehensive protection against fires, lighting, storms, hurricanes, earthquakes, floods, impact damages, etc. The property to be insured may consist of the following assets:

  • Building
  • Furniture, fixtures and fittings
  • Plant and machinery
  • Office equipment
  • Stock in trade – from raw materials to finished products


Property All-Risk Insurance

This is a comprehensive cover which offers protection against all perils. The sum insured may be either on the basis of the actual value or the new replacement value of the property. Business interruption cover can be opted as well to cover loss of profits and provide business continuity.


. Property All Risk

Consequential Loss of Profit Insurance

This cover provides business interruption protection that is designed to restore your business to the same financial position as if the loss had not occurred.
The interruption period starts from the date of the loss (two-weeks deductible) and extends to when the business’s turnover and profit levels are back to where they were prior to the loss. 
It is essential that a loss of profits policy is tailor-made to meet your exact requirements. That is why, there are many optional extensions that can be added to the basic cover.
This policy also covers Loss of Gross Profit following material damage as a result of a fire, lightning, storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc. (or other insured peril) at your premises. This policy is only valid when there is an admissible claim under the Property Material Damage policy. 

Key benefits

  • Risk Consultation – we offer risk engineering, loss prevention and sophisticated risk management consultancy services to clients.
  • Competitive Pricing – we give your business maximum value for money, rewarding your good claims experience.
  • Flexibility – design the policy as per your needs.
  • Additional Cover Extension – includes professional accountant’s charges and claims preparation expenses.



Money & Fidelity Guarantee Insurance

Money and Fidelity Guarantee Insurance protects your business from the financial consequences of fraud, embezzlement and theft in the workplace. 

Money Insurance

This policy is designed to cover your business against loss of company money. This product covers ‘Money’ carried by the Insured or the authorised employees/messengers whilst in transit. Money that has not been disbursed and has been retained in a safe is also covered. Money means and includes cash, bank drafts, currency notes, treasury totes, cheques, postal orders and current postage stamps.

Key benefits

  • All-Risks cover, including theft and robbery, as well as fire or any other accident.
  • Damages cover for your safe or storage room.

Fidelity Guarantee Insurance

This cover is designed to cover your business against financial losses caused due to fraud or dishonesty such as misappropriation of money or goods (stock in trade and in the custody of the insured). 
Policy can be arranged for individual names or positions or several groups of employees.

Key benefits

  • Automatic cover extension for losses discovered within twelve months after the insured employee ceases to be employed or the termination of the policy, whichever occurs first.
  • Cover includes temporary employees who are named or included in the clauses set out in the schedule.
  • Cover for auditor’s fees incurred in any special audit required to substantiate the amount of any claim available.


Property Claims

How to submit your claim

If you would like to submit a claim, our dedicated claims team can help you anytime, anywhere.

Call 800 2921 and one of our customer service representatives will guide you through your claim.