Motor Commercial Insurance.

This cover provides for accidental loss/damage to vehicles used for commercial purposes. The cover also includes legal liability to third parties arising from use of the vehicle.  The vehicles include small half ton pick ups to the large monster trucks on the roads. Also included are vans and company/school buses. Other vehicles include agricultural type vehicles such as motor cycles, tractors, combine harvesters, construction vehicles, ambulances and fire extinguishers.

Commercial vehicles must only be used for the insured business only and will exclude all usage for hire or reward for example taxis, matatus and any general carriage of goods for reward. PSV vehicles are those vehicles used in the carriage of passengers for a fee.

The scope of cover will depend on the insurance cover purchased. The three types of cover one can choose from are;

Third Party Only:

This is the minimum cover required by the law in Kenya. It protects Third Parties against injury, Third Party death and or Third Party property damage caused by the motor vehicle. That is,

Policy covers costs arising from an accident where the policy holder is held liable.

Third Party, Fire & Theft:

This covers the policy holder against fire to the vehicle, theft of the vehicle and Third Party injury, Third party death and or Third Party property damage caused by the motor vehicle.

Comprehensive:

This is the most recommended cover as it provides for financial loss following accidental collision or overturning, malicious damage to the vehicle, fire, theft, Passenger liability, Third Party bodily injury, Third Party death and or Third Party Property damage caused by the motor vehicle and the cost of protection and removal of the vehicle to the garage.

Extensions/Additional Policies

• Political violence cover

Political violence cover provides for financial loss following loss/damage of personal and or business property due to acts of political violence and terrorism. The extension/policy covers against riots, strikes, civil commotion for political reasons, terrorism, sabotage, malicious damage, insurrection, revolution/rebellion, mutiny, civil war and coup d’état.

• Riots, Strike and Civil Commotion cover
• Passenger legal liability extension
• Tracking Services
• Personal Accident cover for driver/loader
• Excess protector-Covers cost of excess in the event of an accident
• Loan Repayment
• Carrier’s liability.