SME – Biasharasure Insurance Policy

This is a policy cover designed for SME businesses. The covers that can be taken in this policy include;

Comprehensive Fire

This covers the following:

  • Buildings
  • Rent Receivables
  • Furniture, Fixtures & Fittings
  • Stock in trade
  • Plant Machinery & equipment

Increased cost of working

Theft –

It has the optional limits as follows:

  1. Up to 10% of Declared Value at a rate of 0.25% of TSI
  2. Greater than 10% but up to 25% at a rate of 0.35% of TSI
  3. Greater than 25% but up to 50% at a rate of 0.60% of TSI

All Risks – Items above Ksh. 15,000

MONEY in the following categories

  • In specified premises
  • In transit
  • In locked safe
  • With authorized staff
  • With directors

Limit any one claim/year – Max. Ksh. 500,000


Property in Transit

Limit any one claim/year

Max Ksh. 5,000,000


The following liabilities are covered

  • WIBA/Employer’s
  • Liability/Public Liability

Which includes all employees including working Directors.

Covered in the policy.

Generally the policy covers the Fire & Related Perils including accidental damage in respect of tangible property with the following extensions.

  • Political risk extension – 500,000/= & Fire 2M
  • Personal effects – 20,000/=
  • No transit/escort warranty
  • No annual declaration
  • Automatic reinstatement of loss
  • Limit of liability 4M/25M/50M
  • Emergency medical Treatment – 50,000/=

The cover is subject to buildings that must be of 1st class construction –stone walls.

Not covered in the policy;

Cover for all occupants excluding: Exhibitions, Jewelry/mobile phones & airtime shops, petrol stations, garages, bookshops, printing firms etc

The MINIMUM PREMIUM for this policy = 10,000/=

Documents required in the application.

  • Valuation report of the subject matter
  • Certificate of lease (if subject matter is under lease)
  • Copy of ID
  • Prove of ownership of the subject matter
  • Copy of PIN certificate
  • Claims Procedure.

The policy covers a variety of classes and claims procedure will therefore depend on the type of occurrence (as specified in the above cover extensions of this policy) leading to the claim.

Our product portfolio includes :

  1. Motor insurance
  2. Property insurance
  3. Education policies
  4. Fire consequential loss insurance
  5. All risks insurance
  6. Contractors all risks insurance
  7. Travel insurance
  8. Political violence terrorism and sabotage insurance
  9. Computer and electronic equipment insurance
  10. Money insurance
  11. Fidelity guarantee insurance
  12. Work injury benefit act ( WIBA) Insurance
  13. Machinery break down insurance
  14. Machinery break down loss of profits insurance
  15. Goods in transit insurance
  16. Marine cargo insurance
  17. Marine hull insurance
  18. Public liability
  19. Product liability
  20. Professional indemnity insurance ( Directors, officers and pension trustees)
  21. Plate glass insurance