Commercial Insurance (Non-Traditional Cover)
- Cyber Insurance: Protection against cyber threats, safeguarding your business from potential cyber attacks, data breaches, and associated liabilities.
- Directors & Officers Liability Lnsurance: Coverage protecting directors and officers from legal liabilities arising from decisions made in their official capacities, safeguarding their personal assets.
- Environmental Liability Lnsurance: Protection against liabilities resulting from environmental damage or pollution incidents, ensuring your business is covered in the event of unforeseen environmental risks.
- Travel Insurance: Comprehensive coverage for employees during business travels, including medical emergencies, trip cancellations and lost luggage, providing peace of mind while on the move.
- Ransom Insurance: Protection against ransom payments and associated costs in the event of kidnapping, extortion, or ransomware attacks, ensuring the safety of your employees and business continuity.
Trade Credit Insurance: It safeguards your business from the adverse effects of non-payment, providing coverage for insured debtors in the event on non-payment of a confirmed debt, business rescue or insolvency.
Engineering Insurance: Our comprehensive Engineering insurance solutions are meticulously designed to shield your enterprise against unforeseen circumstances, ensuring your peace of mind and continuity of operations. At GM Financial Services, we understand the multifaceted challenges faced by businesses, and our wide range of coverage options addresses these challenges head-on.
Contractors All Risk (CAR)
This Insurance offers comprehensive protection to Principals, Contractors, and Sub-Contractors engaged in construction projects. It safeguards against any physical loss or damage that may occur during the construction phase to plant and property intended to be incorporated into the works.
These projects encompass a wide spectrum, including the construction of residential homes, office complexes, water and sewer systems, roads, bridges, as well as various other infrastructure developments and process plants.
Furthermore, the policy extends its coverage to encompass Employer’s, Contractor’s and Sub-Contractor’s legal Liability. This means that it provides financial security in cases where injury or damage arises to third parties or their property due to the execution of the construction works.
It’s important to note that the specifics of what is covered and the terms of the insurance policy can vary widely depending on the insurer, the nature of the construction project, and other factors. Contractors often work closely with insurance professionals to tailor their CAR insurance policies to their specific needs and the risks associated with their projects.