Corporate Insurance Solutions

PROPERTY INSURANCE

Property insurance is recommended for all establishments, regardless of its size. The insured property such as industrial units, offices, hotels, shops, residences, utilities and warehouses, can be protected against accidents, in the situations due to fire, lightning, external explosion, internal explosion, collision damage, aircraft accidents, spills from water tanks, pipes or devices, leaks from fire water networks, storms, hurricanes, floods, subsidence or Landslide [including rock erosion], riot, strikes, or malicious damage.

Unwanted fires can cause multiple consequences for life and health of people and property, work interruptions, and pollute the environment. Of every four factories exposed to fire, three cannot resume their activities. And industrial units often close after those losses due to the lack of adequate insurance and their inability to obtain the required funding to repair the damages and losses they suffered.

The standard insurance policy covers fire, theft and loss of profit for the insured property based on the identified risks in the contract. Alternatively, GGI offers property insurance against all risks which provides extensive coverage. It covers all causes of loss that are not exempt - named specifically. We can also offer you a special product and cover your income losses. This insurance contract covers fixed and movable assets losses [for projects and individuals].

Types of assets and properties:

  • Buildings and its contents.
  • Homes/houses.
  • Furniture. 

Property insurance coverages:

  • Fire. 
  • Stealing.
  • Rental loss according to the rental clause.
  • Breaking glass and sanitary fixtures.
  • Accidents that occur to home workers.
  • Lightning, storms, hurricanes, floods and collision.
  • Earthquakes, subsidence, landslides, collapses, shrinkage, compression, and structural changes.
  • External and internal bangs.
  • Riots, strikes, and malicious damage.
  • Blast and spillage of water tanks, appliances, and piping.
  • Leakage from construction of automatic fire sprinkler networks