Commercial Property

• Your business is protected against loss or damages caused by fire and lightning and allied perils including acts of nature
• Property Insurance – This pays for the loss or damage to property, building improvements, equipment, furniture, fixtures and fittings, and stocks in trade caused by fire and lightning and allied perils including acts of nature.

This also includes:

• Alternative Accommodation – This pays the insured the reasonable costs of alternative accommodation incurred while the premises is untenantable.
• Fire Fighting Expense - in the event of fire, this reimburses costs incurred to minimize fire damage.
• Debris Removal Compensation – This reimburses cleaning costs after a fire and their insured peril.
• Professional fees – This will respond to the additional expenses of hiring professionals such as architects,
  interior designers and/or surveyors to renovate or reconstruct the damaged property.
• Robbery & Burglary – This provides indemnity in respect of loss or damage of the insured premises as a direct result of burglary or robbery.
• Possible liabilities brought about by accidents within the premises of your business is covered
• Comprehensive General Liability – gives protection from possible legal liabilities brought about by accidents related to the basic premises operation of your business. This will provide compensation for expenses incurred from legal liabilities as a result of: (1) bodily injury to third parties; (2) property damage of other people’s properties; (3) defense and litigation expenses.

This is also includes:

• Fire Legal Liability – This is your coverage for property loss liability as the result of negligent acts and/or omissions of the Insured that allows a spreading fire to damage other’s property.
• Tenant’s Liability – This coverage will pay in behalf of the Insured all sums which the Insured shall become legally obligated to pay as compensatory damages because of property damage caused by accident to structures or portions thereof rented to or occupied by the Insured, including fixtures permanently attached thereto.
• Premises Medical Payment – This covers medical costs of persons injured on an Insured’s property, regardless of whether the Insured was at fault in causing those injuries.
• Personal Accident Insurance for your employees.
• Worldwide cover for a maximum of ten (10) named regular employees for 24 hours a day, 365 days a year against accidental death and disablement. The maximum age of the assured is 70 years old.
• Coverage for money, securities & payroll, and fidelity guarantee.
• Money, Securities and Payroll – This feature pays for the loss of money as a result of robbery or any attempt to such act occurring within the premises of the business.
• Fidelity Guarantee – This coverage is your protection against theft of money during the period of insurance by employees in connection with their employment in your business.

Stores, shops, offices, restaurants, clinics, kiosks, beauty salons, water refilling stations

For a premium of 2,400 pesos, your unit can be insured for 1,000,000 pesos*.

*Note: This quote is based on the pricing of Business Security