miscellaneous insurance
SSICL, to protect the businessmen’s wealth at each level, is facilitating their physical cash transactions under the umbrella of Cash in transit policy. The cash maybe looted, robbed or stolen either during normal business hours or after normal business hours whether the cash is in the transit between the bank and office or any other route, which has been especially mentioned in the policy, at gunpoint or forcibly.
The cash may be looted robbed or stolen from the counter, drawers from the locked iron safe at gunpoint by making hostage the staff of the office. To safeguard the clients from such unforeseen circumstances SSICL provides a separate policy of Cash in Safe.
Most of the banks obtain Fidelity Guarantee insurance for their employees, who are dealing with cash payments. As per policy coverage Silver Star Insurance Company Limited (SSICL) indemnifies the insured against the Loss of Money, Securities or other Property resulting directly from Employment Infidelity, theft of Money, Securities or the theft of any of the insured's funds from their transfer account as communicated to such Financial Institution.
Contractor All Risks (Civil Engineering):
The Contractors All Risks Insurance offers comprehensive coverage for all types of civil construction risks. This type of insurance policy is called blanket policy. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.
The policy of “Erection All Risks” offers comprehensive coverage for plant and machinery construction risks. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.
The Employer obtains the Workmen Compensation insurance for his workers engaged in different categories. The Act provides no-fault benefits in the event of death or injury to a workman due to an accident while at work. In case of death legal heirs are paid compensation through Workmen Compensation Commissioner.
A Bond is not an insurance policy but is a form of financial guarantee. It is a guarantee issued by an insurance company (called surety) to another party (called insured), which is favoring to the third party (called Principal) to meet the contractual obligations.
For detailed information kindly e-mail us:
mumtaz@ssic.com.pk
ghaffar@ssic.com.pk
Contact to nearest branch office or
Head Office, Lahore:
(092-042) 37237518, 37324488, 37355614, 37231449.
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