General Insurance

Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of General Insurance are fire, marine, motor, accident, and other miscellaneous non-life insurance.

The tangible assets are susceptible to damages and a need to protect the economic value of the assets is needed. For this purpose, general insurance products are bought as they provide protection against unforeseeable contingencies like damage and loss of the asset. Like life insurance, general insurance products come at a price in the form of premium.

Personal accident protection policy

PA plus is a unique and complete personal accident protection policy. In this innovative product, a single premium based on an individual’s age and occupation gets you a host of benefits as a result of an accident covering all members of the immediate family. Immediate family members include spouse and children.

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Domestic Cover

The domestic package is an insurance policy that provides cover to individuals/ organisations against risks present in their private dwelling. The package has several sections under one policy to cater for different subject in private homes

Here is a Domestic Package Insurance from Jubilee Insurance Domestic Package

Download Domestic package list of schedule here domestic package list of schedule

school package

We offer a school insurance solution, a combined insurance policy for schools and other learning institutions.
It covers learning institutions against loss or damage to property, accidental injury or death to students, teaching and non-teaching staffs as well as third party liabilities.

Section 1: Fire and Special Perils

The property insured includes all buildings, furniture and fittings, food stock, books, lab equipment and contents of all descriptions against;

  • Fire
  • Lightening
  • Earthquake
  • Flood and storm
  • Malicious damage
  • Explosions as a result of bursting of domestic gas cylinders and appliances

Section 2: Burglary (Break In)

This section CANNOT be taken without section 1)

We cover school property against loss or damage resulting from or following the forcible entry or exit/unlawful breaking and entering of designated premises or places of safekeeping.

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motor insurance

Motor Insurance is compulsory in Kenya.

Motor insurance protects insured against financial loss in the event that the motor vehicle is involved in an accident, burnt or stolen.

It also covers third party liabilities

Scope of Cover

There are three types of covers that can be issued to motor insurance:

  • Third Party Only (TPO)
  • Third party Fire and Theft (TPF & T)
  • Comprehensive

Third Party only

TPO covers:

  • Third party Bodily Injuries
  • Third Party Property Damage arising out of use of the motor vehicle.

Note: This is the minimum and compulsory motor insurance cover in Kenya (Cap 405)

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Traders Comprehensive

Insurance Policy

Our Traders Comprehensive Insurance Policy (TCIP) gives complete protection to your Business against a wide range of risks and perils. See more here TCIP BROCHURE

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Jubi DocPro

Professional Indemnity for Doctors and Medical Practitioners

What is Jubi DocPro?

  • This is a specialised Professional Indemnity
    Insurance cover for Doctors and Medical Practitioners.
  • It provides compensation in the event the medical
    practitioner suffers financial loss as a result of negligence, errors or omission in the course of discharging their professional duty    .
  • The policy covers any medical practitioner (medical doctor, dentists, pharmacists etc.)
    licensed to practice as a medical practitioners in
    Kenya
    .

See more on this here JubiDoc Pro FlierJUBI DOC PRO

Travel Insurance

Travel is what you want it to be.  Whether your are reuniting with family and friends in faraway places outside Kenya or embarking on solo adventure to explore the unknown, travelling for work, undertaking a pilgrimage, taking a vacation with family etc make the most of your trip covered by talking travel Insurance. 

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Goods in Transit

Goods In Transit and Carriers Liability

Goods In Transit policy covers policyholders own goods against loss or damage while being transported from one place to another. ​

  • The goods may be carried in the insured’s vehicles or vehicle hired by the insured.​
  • The cover is arranged on the basis of the total value of goods carried annually and a specified limit any one vehicle/conveyance.​
  • If the insured uses his own vehicles, it is important that registration number and tonnage of each vehicle is provided.​​

Carriers Liability is effected from the common carrier on goods being transported; Here, the carrier carries third party’s goods either using his (the carrier’s vehicle) or hired vehicle.​

 

Wiba

The WIBA provides Indemnity to an Employer against Legal Liability under the Workmen Injury Benefits Act (2007) in respect of assessments and awards for bodily injury to a workman due to accident or occupational disease arising out of and in the course of the employment by the employee in respect of the employer’s business.​

Benefits are based on salary & degree of injury​

  • Death: 96 Months Earnings​
  • PTD: 96 Month’s Earnings​
  • Medical: Reasonable Expenses but Limited to Kshs.100,000​
  • Funeral Expenses: Kshs 30,000/-​

Basic Risk Assessment requirements​

  • Occupation​
  • Estimated Annual Earnings​
  • Job descriptions​
  • Schedule of employees​

 ​Rating​

  • As per IRA Rating Guideline​

​
Employers liability
  • Employers Liability Policy provides Indemnity to the employer against Legal Liability under Common Law for damages and claimants expenses of litigation in respect of accidental Bodily Injury or occupational disease caused to Employees during the period of Insurance and arising out of and in the course of Common Law or Statutory Duty. ​

  • Basic Risk Assessment requirements​
  • Occupation​
  • Estimated Annual Earnings​
  • Limits required
  • WIBA Insurance rates shall form the basis of the Employers Liability​

  • Insurance rating and the rates shall be considered as minimum rates net of all discounts.​

    1. a) Multipliers​
    2. b) Limits of liability

  1.  i. Fire and Allied Perils Scope of cover 

The Standard fire policy compensates for Loss caused by Fire, Lightning and  explosion (limited to boilers and gas used for domestic purposes).

  1. In addition to the Standard fire policy, thefire and alliedperils policy compensates for:
  • Explosion
  • Earthquake (Fire and Shock)
  • Riot, strike and civil commotion
  • Bushfire, 
  • Spontaneous combustion
  • Hail, snow, wind, cyclone, Tornado, Typhoon, storm or tempest
  • Rain Water
  • Flood
  • Overflowing
  • Bursting of water tanks or apparatus
  • Aircraft

Requirement for Quotation 

  • Property to be insured. i.e. Building,Machinery, Furniture, fittings, fixtures, office equipment etc. 
  • Values of these items or schedule of items to be insured 
  • Location of property.
  • Loss History.

ii. Fire Consequential Loss

Compensation for reduction of gross profit or increase in cost of working​ following damage to the insured’s ​property caused by:​

  • fire, bush fire, subterranean fire,​
  • spontaneous combustion, ​
  • lighting, ​
  • explosion, ​
  • earthquake, ​
  • bursting or overflowing of water tanks and apparatus, ​
  • impact with vehicles, riot, strikes and malicious damage etc.​

 

Scope of Cover​​

  • Covers Loss of or damage to the property Insured caused by theft following actual forcible and violent entry into or exit from the premises.​
  • Any damage to the premises described in the schedule for which the Insured is responsible following upon or occasioned by an actual forcible and violent entry into or exit from the premises or any attempt threat.​

ALL RISKS

  •  This is the widest form of cover available for property.​
  • It covers accidental loss, damage or destruction from any cause, including fire, which is not specifically excluded in the standard cover.​

 ​The policy covers loss or damage to specified items within the territorial  is designed to cover delicate or valuable items of personal nature or movable office equipment etc.

Requirement for Quotation​

  • Property to be insured. i.e. Furniture, fittings, fixtures , office equipment.​
  • Values of these items or schedule of items to be insured.​
  • Location of property​

MONEY

Scope of Cover ​

  • Loss of money on the premises, in transit and/or in the custody of duly authorized employees as per schedule.​
  • Loss or damage to safes or strong rooms as per schedule​

Requirement for Quotation​

  • Cash in transit at any one time (to and from bank).​
  • Cash with authorized staff at any one time.​
  • Cash in premises outside/during business hours.​
  • Estimated Annual Carry.​

FIDELITY GUARANTEE

Scope of Cover ​

Compensation for;​

  • loss of money and / or​
  • stock and / or​
  • stores caused by fraud or dishonesty of the insured’s employees handling cash and / or stocks and / or stores.​

Requirement for Quotation.​

  • Number and designation of employees handling stock/stores/money.​
  • Limits of Liability​

PUBLIC LIABILITY

Scope of cover​

  • Public Liability  provides an indemnity in respect of legal liability arising in connection with the participant’s business to pay damages as a result of accidental bodily injury or accidental loss of or damage to property of the members of the public. ​
  • Claims may arise as a result of negligence either on the premises or whilst working away from the premises. ​

Types of cover​

  • Public Liability (Premises)​
  • Public Liability (General)​

Rating factors ​

  • Occupation, ​
  • Premises – construction and location, ​
  • Nature of work e g. Use of any machinery or chemicals, ​
  • Geographical area/jurisdiction, ​
  • Limits of liability, 

POLITICAL VIOLENCE & TERRORISM

  • Compensation for Physical loss or damage to property which belong to the Insured or for which the Insured is legally responsible, directly caused by one or more of the following perils occurring during the Policy Period and in respect of which the Insured has purchased cover as specified in item of Schedule: ​
  • Act of Terrorism;​
  • Sabotage;​
  • Riots, Strikes and/or Civil Commotion;​
  • Malicious Damage;​
  •  Insurrection, Revolution or Rebellion;​
  • Mutiny and/or Coup d’Etat;​
  • War and/or Civil War.

Requirement for Quotation​

  • Total values of property ​
  • Location of property​
  • Gross profits​
  • A duly completed proposal form​

BONDS

Bonds are financial guarantees and are involved in a wide range of activities​

We restrict the bond issuance to our existing customers who have balanced business portfolio apart from immigration and bid bonds.​

  1. Immigration Bonds​
  2. Bid Bonds​
  3. Performance Bonds​

ENGINEERING

  • Electronic Equipment – Material damage, external data Media, Increased cost of working​
  • Machinery Break down –Machinery Breakdown  is an accident insurance for machinery which provides cover against unforeseen and sudden physical loss or damage to the insured machinery resulting from:​
  • Machinery break down consequential Loss​
  • Contractors All Risks

GENERAL OVERVIEW OF MARINE CARGO INSURANCE

include marine cargo insurance policies for commercial imports under “Kenya business”.  ​

  • Kenya currently imports goods worth Kshs 1.57 trillion.​
  • By 2020, imports are expected to grow to 2.0-2.2 trillion​
  • 90% of the imports are insured outside Kenya .​

Marine Cargo Insurance GWP in Kshs. Billions (2011 to 2015).​

Amount in Kshs. Billions​

2011​

2012​

2013​

2014​

2015​

Total​

Total Imports​

1,301​

1,375​

1,414​

1,618​

1,578​

7,286​

Premium at 1.5%​

19.5​

20.6​

21.2​

24.3​

23.7​

109.3​

Local Premium​

2.3​

2.6​

2.8​

2.7​

3​

13.4​

Overseas premium​

17.2​

18​

18.4​

21.5​

20.7​

95.8​

Coverage of Marine Cargo Insurance​

  • Cover is normally all risks. ​

Some of the perils insured are;​

  • Theft, damage, short-landing, general average.​
  • Goods are covered from the suppliers warehouse to the buyers warehouse by road/ rail/ airfreight/ sea freight​

Rating factors: ​

  • Sum insured ​
  • Cover required, ​
  • Nature of commodity, ​
  • Nature of Cargo and Packing, ​
  • Vessel e.g.  Age, Size of vessel etc,​
  • Voyage e.g. Origin, Destination, storage of goods,​
  • Conveyance e.g. Road, Rail, Air, Sea/ocean vessel​

Types of Marine Cargo Policies​

Time policy​

  • This covers a defined period of time and it tends to run for 12 months from a given date.​
  • A deposit premium is paid at inception with an adjustment made at the end of the policy to reflect true exposure.​

Marine Open Policy​

  • Gives coverage for all the assured’s shipments at pre-determined rates and conditions.​
  • Open cover is not a policy (is an agreement in honour) and is therefore not stamped. But specific certificate/policy is issued at each shipment.​
  • Assured periodically declares, in advance, the total value of sending to or from agreed destinations. All goods dispatched must be declared.​
  • Assured pays premium at the rate agreed at inception, after each sending