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Insurance Policies in Gambia, P.1 |
Aviation
This type of insurance policy includes third party liability
which covers aircraft owners for property damage, passenger
liability, ground risk hull in Banjul airport &
other ports, combined single limit (CSL), in-flight
& allied perils. |
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Bond
Guarantees
Financial Guaranty insurance policies are a bank guarantee
or unconditional bond used by Gambian building contractors
& property sellers by overseas buyers to guarantee
the tender as security against the face value of payment. |
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Car
Insurance
A motor insurance policy includes cars, motorcycles,
lorries
& other road going vehicles. Its main purpose is
to cover the policyholder against damage to the vehicle,
theft or personal injury. |
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Cash-in-Safe
/ Transit (CIS / CIT)
This is an insurance policy in which the insurance company
will indemnify a claimant in the event that money is
stolen from their safe or during movement from one place
to another, for example from a store to a local bank. |
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Consequential
Loss (CL)
The policy, also known as Loss of Profits or Business
Interruption
Insurance, is where an organisation or business is indemnified
for loss of profit & fixed overheads caused by a
disaster such as fire causing a stoppage in its daily
operations. |
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Contractor's
All Risk (CAR/CWI)
A policy, sometimes known as 'Contract Works', covering
all risks associated with construction projects in Gambia
such as a new building. Extra cover could be included
for the policy holder's tools, machinery & hired
plant. |
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Deterioration
of Stock (DOS)
This
type of policy is designed to cover against loss or
damage caused by putrefaction of perishable stock in
cold storage as a result of refrigerator failure. |
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Employees'
Compensation
It covers
the employer for injuries, death or illness sustained
by an employee on the employer's premises. Compensation
is paid to the worker or their family. |
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Employer's
Liability
It is an insurance policy that protects employers against
employee accident claims based on allegations of negligence
on the part of the employer. This can also cover sub-contractors
in Gambia. |
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Fidelity
Guarantee
Known as the Fidelity Bond in the US this type of insurance
contract cover indemnifies policyholders for pecuniary
/ stock losses caused by the dishonest & fraudulent
acts of workers including embezzlement & forgery. |
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Fire
Insurance
This is a contract of indemnity whereby the insured
household in Banjul or firm is indemnified for losses
caused by or incidental to fire. |
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Above you will find each companies' information,
contact addresses, telephone numbers, some emails, faxes
& main locations in the Greater Banjul area of the
western coast region of The Gambia, West Africa. |
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Gambia
Business Directory |
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