If You Really Expected It, You Would Have Already Protected Against It

As part of HFC’s strive for service excellence, we are now offering the Business Protection Insurance Policy for all our business customers. HFC understands that businesses have different insurance needs. That’s why we’ve designed the HFC Business Protection Insurance Policy which allows you to select only the aspects of the insurance cover you need to keep your business safe. The HFC Business Protection Insurance Policy is underwritten by one of the oldest and most trusted insurance company in Fiji, Tower Insurance (Fiji) Limited.

Here’s a list of the HFC Business Protection Plans Available to you:

Business Assets

This plans are designed to protect the vital assets of your business with either a ‘Multi Risks’ or ‘Specified Risks’ cover.

Multi Risk Protection Plans

This is a very broad type of cover for sudden and unforeseen accidental physical loss or damage to your business assets.

Specified Risk Protection Plans

This provides you with cover for sudden and unforeseen physical loss or damage to your business assets arising from these specified risks:

  • Fire, lightning, explosion, thunderbolt
  • Riot, strike, civil commotion, labour disturbances, locked out workers, malicious acts
  • Water or oil damage from cooling and heating systems
  • Impact by vehicles and animals

Temporary Removal

We’ll pay up to $5,000 for loss or damage to your Business Assets temporarily situated at other premises or in transit.

Fire Exingishment Cost

We’ll pay up to $5,000 to refill your extinguishers used to extinguish fire at your premises, or threatening your premises.

Removal of Contents

We’ll pay up to $5,000 for costs of removal and temporary protection of your property following loss or damage to the building or contents.

Additions & Improvements

We’ll automatically insure you for additions and improvements to your building or plant. (Maximum sum $5,000)

Optional Special Benefits (IF SELECTED)

Flood

This means that we will pay up to the sum insured shown in the certificate of insurance for loss or damage caused by flood, subject to exclusions as detailed in the policy.

Gale, Windstorm, Hurricane & Cyclone

This means we will pay for physical loss or damage caused by gale, windstorm, hurricane or cyclone, subject to exclusions as detailed in the policy.

Accidental Breakage of Glass

We’ll pay for internal and external fixed glass that is accidentally broken. We’ll also pay for emergency shuttering and repairs and for sign writing.

Earthquake

We’ll pay for physical loss or damage arising from earthquake, volcanic eruption, tsunami, and geothermal or hydrothermal activity.

Replacement Value

This option provides you with maximum amount of insurance protection for your buildings or your plant.

Replacement Value on your Buildings

This means, if the worst happens, your building will be rebuilt to a condition As New , using current construction methods and materials.

Replacement Value of Plant

This means we will pay the replacement or repair costs of plant under 5 years old, other than motors.

OR

Indemnity Value

Indemnity Value on Your Buildings

This means, if the worst happens, your building will be rebuilt to a condition no better than new, less an appropriate allowance for depreciation.

Indemnity value of Plant

This means that we will pay the cost to rebuild or repair your plant to a condition no better than new, less an appropriate allowance for depreciation.

Business Income Protection

While it is still vital to insure your Business Assets against loss, it is also just as important to insure your income too. Chances are, your business could come to halt while assets are being replaced or repaired, and that’s why you need our Business Income Protection. It keeps you in business while your other insurance helps you to repair the damage.

Your Cover Includes

Leased Or Rented Assets

We’ll pay for your loss of Business Income resulting from loss or damage to leased or rented Business Assets.

Accountants Fees

We’ll pay up to $2,500 for your accountants’ fees for claims preparation expenses.

Additional Costs

We’ll pay up to $5,000 for any additional increased cost for working or rewriting your records.

Prevention of Access

We’ll pay your loss of Business Income if your customers are prevented from being at your place of business due to fire anywhere in Fiji.

Suppliers’ Premises

We’ll pay your loss of Business Income resulting from loss or damage by fire affecting your suppliers’ premises anywhere in Fiji.

Public Utilities

We’ll pay your loss of Business Income resulting from the interruption of supply to your premises of water or electricity or failure of waste disposal systems and underground services relating to the premises.

Money Cover

This provides insurance cover up to the sum insured for loss or damage to cash, negotiable cheques, money orders, stamps, credit card invoices etc. when:

  • In transit to and from your Business Premises and your banks’ night safe.
  • During your normal business hours at your premises.
  • Contained in a secure locked safe at your premises outside business hours.
  • In your personal custody at your home until commencement of banking hours the next working day.

Special Benefits

Safes & Strong Rooms

We’ll pay up to $1,000 for loss or damage to your safes or strong rooms caused by burglars.

Burglary Cover

We’ll provide insurance cover up to the sum insured for loss damage to your property arising from burglary following actual forced entry into securely locked premises.

Special Benefits

Locks & Master Keys

We’ll pay up to $1,000 for the cost of changing existing locks and keys, if they have been stolen.

Business Assets Breakdown

Unless plant and machinery breakdowns are covered by warranty or service contract, their breakdown can cause absolute turmoil.

Our Business Assets Breakdown Cover protects you against cost of repairs as a result of machinery or electrical breakdown. We will pay the Replacement Value of repair costs to plant up a total of $5,000.

Special Benefits

Temporary Replacement

We’ll pay up to $500 for the hire of a temporary replacement motor or refrigerant compressor during the time taken to repair damage to any motor.

Computer Records

We’ll pay up to $2,000 for the reconstruction costs of computer records and programmes.

Optional Special Benefits

Spoilage of Stock

We’ll pay up to $2,000 for the spoilage of your stock resulting from loss or damage.

Business Liability

Even the most carefully managed business can be affected by legal liability claims. We’ll provide cover for your legal liability as a result of loss or damage to property, plus bodily injury, death or illness arising from accidents in connection with your business anywhere in Fiji. We’ll pay the costs incurred by you with our consent in defending claims, including any costs and expenses awarded against you.

Your Legal LIABILITY will be PAID

  • Following accidents arising during overseas visits on business by you or your employees.
  • In connection with products exported to Australia and New Zealand, or any South Pacific Island Territories (Exclusions apply to countries under USA Jurisdiction).
  • Following accidents arising from social or recreational activities organised by you.

Employee Fraud

We’ll pay up to $2,000 in total for loss suffered by you as a result of theft, false pretences, fraud or computer fraud by any of your employees.

Workman’s Compensation

We’ll pay compensation as prescribed in the Ordinance to any person employed by you.
We’ll provide cover up to $100,000 for your legal liability for damages including costs and expenses for personal injury or death to any person employed by you, whose personal injury or death arises from an accident whilst actually engaged in your employment.

Important

The above is only a summary of our policy. Please refer to the policy document for full details.
Click here to download the application form.

Underwritten by Tower Insurance

 

  • Latest News

  • Copyright © 2015 - Home Finance Company Ltd
    unit-fnpf