Fire Insurance

Your organisation is your investment…the source from which you support your growth, your family, and your stakeholders. Given the diversity of people who are affected, directly or indirectly, by your organisational assets, it is but a case of prudence that it is adequately protected. We are here to facilitate this simple, yet significant, decision of yours.

What it Covers
The standard policy covers loss or damage caused by fire or lightning to the insured property, including computers and ancillary equipments. The policy can also be extended to cover loss or damage arising from other perils such as:

• Earthquake
• Riot, strike and malicious damage
• Explosion
• Storm, tempest, flood and landslip
• Impact damage
• Aircraft damage
• Terrorism

Should you wish to take a loss-of-profit policy in addition to the basic fire cover, the same can be conveniently availed from us.

Household Insurance
Your home is your own special space of warmth created by the perfect blend of people, emotions and objects. Our Household Insurance Policy covers private dwellings and/or household contents (including computers and ancillary equipments) against perils such as fire, natural calamities, theft or attempted theft, loss of rent or cost of alternative accommodation, legal liability to members of the public as a house owner, and personal accidents.

Marine Insurance

This policy insures goods whilst in transit. Your cargo can be damaged on exposure to a wide variety of risks, including accidents, stranding, grounding, sinking, burning, collisions, faults or errors in navigation, heavy weather, entry of sea or river water, improper stowage by the carrier, theft or pilferage, strikes or natural perils. Given these possibilities, why not spend a little whereby you may save a lot more?

 

What it covers
Marine Insurance covers you against perils faced in marine cargo (ICC), inland transit (ITC), and air cargo (ICC Air).

The broadest form of coverage is “ALL-RISK”.  An “ALL-RISK” policy insures approved general merchandise in the event of physical loss or damage from any external cause.  This includes new, packaged goods without unusual susceptibility to loss from breakage, pilferage, or the nature of the goods themselves.  “ALL-RISK” policies do not cover all losses possible in the course of an international shipment.

Motor Insurance

Whether it is travelling back and forth to office everyday, enjoying a weekend getaway, or simply picking up shopping items, your vehicle does mean a lot to you. So why not provide it with a deserved insurance?

 

 

What it covers
Motor Insurance is perhaps the main class of insurance that covers your financial loss that can arise on virtually a daily basis, whether it is damage to your own vehicle, damage to another person’s vehicle or injury/death to a passenger or a member of the public as a result of a car accident. Policies can be issued on a comprehensive basis (covering damage to your own vehicle) or for third party only (covering one’s legal liability for death, bodily injury or damage to property of members of the public).

Our Motor Insurance covers damage to your vehicle (motorcycle, private car, commercial vehicle, agricultural and construction vehicles) from:

• Fire and lightning
• External accident
• External explosion
• Theft or burglary
• Natural calamities such as earthquake, flood, landslide, storm, etc.
• Riot strike, malicious act, terrorism

Engineering Insurance

Machinery Breakdown

Any major manufacturing process involves heavy investment in a plant and/or machinery. Where a fire policy can cover loss or damage caused by fire and numerous other perils, it does not cover sudden and unforeseen breakdown of the plant and machinery. Such breakdown can prove to be extremely costly requiring import of parts and expert knowledge to repair or reinstate. A machinery breakdown policy will cover such eventualities.

 

What it covers
This covers machinery (electrical equipment, mechanical plant, process machinery) against unforeseen, sudden accidental physical loss or damage caused by:

• Carelessness
• Short-circuit, disruption, electrical overpressure
• Failure of operation of safety devices
• Structural defects, material defects or defects of assembly
• Fortuitous working accidents such as vibration, maladjustment
• Loosening of parts, abnormal stresses, fatigue, centrifugal force, excessive speed
• Defective or accidental lack of lubrication, seizure, water hammer or local overheating
• Falling, impact, collision or similar occurrences
• Obstruction or the entry of foreign bodies

Contractor’s All Risk
Insurance against loss or damage to the contractor while undertaking construction activities for buildings, bridges, dams, plants, etc. is covered by the Contractor’s All Risk Policy. This policy can also be extended to third-party liability of the contractor during the construction period.

Boiler Explosion Insurance
This policy covers the damage other than by fire, to boilers & pressure plant. It also covers damage to surrounding property and the third Party legal liability arising due to explosion and collapse of the plant during its normal course of working.

Machinery Loss of Profits Insurance
This policy covers loss of profit as a result of reduction in turnover / output and increased cost of working of a company due to accidental damage to machinery / boilers affected in stated premises.

Electronic Equipment Insurance
This policy covers entire range of Electronic Equipments from a Personal Computer to sophisticated gadgetry.

Section I : Covers any unforeseen and sudden physical loss or damage to Electronic Equipments from any cause, other than those excluded.

Section II : Covers External Data Media and the expenses for reconstruction and rerecording of information.

Section II I: Covers Increased Cost of Working.

Erection All Risk / Storage-Cum-Erection
This policy covers All Risk pertaining to projects of Erection, Testing and Commissioning.

Contractor's Plant and Machinery
This is an All Risk policy covering the plant and machinery of a contractor at specified work sites subject to some exclusions.

Aviation Insurance

Moving hundreds of people through the air everyday, 24 hours a day, is an enormous logistical accomplishment. The potential liability for people and equipment is almost unimaginable.

We arrange for protection of every type of commercial flight operation and its associated ground support structure. No matter what size airline, from a small domestic carrier to a large international one, we define your risk and design a cost effective plan to minimize that risk.

What it Covers
The Aviation Insurance covers the following:

• Loss or damage to the aircraft (hull insurance),
• Hull war
• Third party liability,
• Passenger’s legal liability,
• Pilots loss of license
• crew members personal accident

Miscellaneous Insurance

Money
Most businesses often have substantial amounts of money at risk, whether it is in making daily deposits in the bank, money for wages carried from the bank, or money in the organisational premises. A money policy is designed specifically to take care of this risk for you.

Fidelity Guarantee
While the trust and confidence that you place on your staff in terms of handling money and goods is something that cannot be questioned, we consider it a worthy investment on your part to cover against cases of staff dishonesty and fraud that cannot be discounted totally. A fidelity policy insures you from such losses.

Burglary
Theft or burglary is something beyond one’s control; however, adequate protection from the same is! Our burglary policy, in addition to covering the theft of contents from the premises, also covers damage caused by burglars to both contents and premises.

Public Liability
As owner of your organisation, you carry the important responsibility of ensuring the safety of members of the public who visit your organisation on virtually a daily basis. Cases of bodily injury and death to the public on account of defects in the premises, operation of lifts and machinery, etc. are risks that you might come across. A public liability policy provides the necessary protection against such risks.

Personal Accident
Accidents happen’ – the phrase in itself speaks a hundred words. While no value can be put on your life or on physical loss, a Personal Accident Policy can relieve you of the financial burden during such events. The policy can also provide weekly benefits for temporary total disablement or temporary partial disablement. Whether you are an employer wishing to provide security for your staff or are self-employed and desirous of that added cushion of protection, a Personal Accident policy is a must.

A Group Personal Accident Policy is also provided by us, which finds good value in business enterprises, and for rafters, trekkers and mountaineers.

Medical Insurance - Domiciliary
If insured shall undergo medical treatment due to sickness or bodily injury resulting from accident, the company will reimburse the following expenses necessarily and reasonably incurred up to the limit of benefit in the policy schedule.

Expenses incurred for domiciliary medical treatment due to sickness or accident;

• Cost of Doctor, Physician, Specialist’s fee
• Cost of medicine, medical appliances, dressing
• Cost of X-ray, ECG, USG, Pathological test, Physiotherapy, Acupuncture,

Hospitalization
If insured shall require hospitalization due to sickness or bodily injury resulting from accident, the company will indemnify the amount per day of hospitalization and the surgical benefit as specified in the schedule.

All Risk Insurance
This is a comprehensive insurance policy, that covers unforeseen and sudden loss or damaged to the insured property (i.e, any kind of movable items like Laptops, Camera, jewelry etc) within the specific territorial limits.

Business Machine Insurance
This is a comprehensive insurance policy, that covers unforeseen and sudden loss or damaged to the all kind of electronic business machines equipment within the specific office premises.

Banker’s Indemnity Insurance
This an insurance policy specifically designed for the Commercial and Development Banks. The policy covers Cash in bank premises and in transit, loss due to forgery, counterfeit currency, infidelity of bank staff.

Travel Insurance
HGI is the pioneer in Travel Insurance in Nepal. It introduced Travel Medical Insurance in Nepal in 1996. HGI offers best possible protection if you have a sudden, unexpected illness or injury while traveling overseas with advantage of ;

• 24 hours emergency service
• free choice of doctors and hospitals
• professional and efficient reimbursement services
• worldwide cover during all type of travel; leisure, study and business
  

top