Find out about our insurance products.  

Bonds and Guarantees

• Our Bonds and Guarantees portfolio has the following guarantees
• Bid bonds
• Done before a performance, bidder who wins is offered the contract
• Performance bonds
• Covers loss as a result of failure of a contract to take place as instructed
• Advance Payment bonds
• Custom bond 

Please do get in touch to get further information on specific guarantees you may require
 

Insurance Products

Below are risks solutions and extensions to a policy available at Diamond, a brief summary of what the policy solution covers is included   Property Risks

• Fire and Allied Perils
  Damage to the whole or part of the property owned by the insured or for which they are responsible including alterations by the insured as tenants to the buildings and structures by fire and allied perils 
• Fire Loss of Profits 
• Office Comprehensive
  Fire and lighting, explosion, thunderbolt, Subterranean fire, storm, tempest, hurricane flood, rain, Aircraft and other aerial devices or articles dropped there from, riot, strike and civil commotion, theft or any attempt thereat accompanied by actual forcible and violent entry/ exit, impact 
• Domestic Package – House owners & house holders
  House Holders: this covers theft or damage caused by theft to the household goods and personal effects of every description, the property of the insured or fro which he/ she is responsible or any member of the insured’s family normally residing with the insured and fixtures and fittings the insured’s own or for which the insured is legally responsible (not being landlords fixtures and fittings) in the buildings of the insured’s private residents constructed of brick, stone or concrete with slate, tile, concrete, asbestos or metal roofs, except as specifically mentioned and including the domestic offices, garages and out buildings 
• Asset All Risks / Business Multi Peril
  Against: loss or damage to insured property caused by Fire and Lightning, Explosion, Earthquake, Riot, Strike and Malicious Damage, Special Perils, Fermentation, Natural heating, Drying, Spontaneous Combustion, Theft following forcible and violent entry or exit, accidental loss or damage to insured property whilst in transit in Zambia, accidental loss or damage to the personal effects of employees, accidental loss or damage to office and training equipment and electronic equipment, loss or damage to residential houses and household effects therein by Fire and other section or sub-section of the policy, if not specifically excluded under any section.

Construction and Engineering Risks

• Machinery breakdown
  Breakdown to machinery arising as a result of sudden unforeseen physical loss or damage which necessitates repair or replacement 
• Machinery Loss of Profit
  Loss resulting from interruption or interference with the business of the insured as a result of a breakdown of any machinery insured under a machinery breakdown policy 
• Plant all risks
  Sudden and unforeseen physical loss or damage from any cause other than those executed 
• Boiler
  Breakdown of electronic equipment that deals with heat and high temperatures covered ubder the policies and where conditions and warranties may be imposed 
• Deterioration of Stock
  Loss of stock in the cold chamber by deterioration and putrefaction due to a rise or fall in temperature as a result of machinery breakdown or accidental failure of public electricity supplies 
• Computer / Electronic All Risks 
• Contractors All Risks
  Covers all risks cover in respect of contract works, construction plant/machinery, third party liability in respect of property damage and bodily injury arising in connection with the execution of a building project 
• Erection All Risks
  Offers comprehensive and adequate protection against “all risks” involved in actual erection of machinery plant and steel structures of any kind as well as third party liability arising in connection with the execution of an erection project 
• Construction Bonds
  Alternative risk transfer: Not insurance but allows risks to be transferred to other sources which may allow the risks to be spread more and wider hence construction bonds deals with risks spread in terms of construction issues or construction companies.

 

Liability / Casualty

• All Risks
  Loss of or damage to the whole or part of the property described in the schedule while anywhere in the world by any accident or misfortune not otherwise excluded provided that the insured shall be responsible for the amount payable stated in the schedule in respect of each and every event other than s claim arising from fire, lightening or explosion. 
• Burglary
  Loss of or damage to all contents (the property of the insured or for which they are responsible) of any insured building at the insured premises as a result of theft accompanied by forcible or violent entry into any exit from such building or any attempt thereat or as a result of theft or any attempt thereat following violence or threat of violence 
• Employers Liability
  Damages which the insured shall become legally liable to pay consequent upon death of or bodily injury to or illness of any person employed under a contract of service or apprenticeship with the insured, which occurred in the course of and in connection with such persons employment by the insured within the territorial limits and on or after the retroactive date and which results in a claim or claims first being made against the insured in writing during the period of insurance 
• Public & Products Liability
  Damages which the insured shall become legally liable to pay consequent upon: 
  Accidental death or bodily injury to or illness of any person or accidental loss of physical damage to tangible property which occurred in the course of or in connection with the business within territorial limits and on or after the retroactive date, and which results in a claim or claims first being made against the insured in writing during the period of insurance 
• Group Personal Accident
  Bodily injury caused solely and independently of any other cause by accidental violent external and visible means

Professional Risks

• Bankers Blanket Bond 
• Professional Indemnity
  Indemnify the insured against liability at law for damages and claimants costs and expenses in respect of claims for breach of professional duty made against the insured 
• Directors & Officers Liability
  Loss brough to the company as a result of losing a director or officer and also the amount of money spent on finding a new director and training him/ her to meet operations of the company

Motor & Liability Risks

• Road Traffic Act Only
  Only covers accidents resulting in injury and death to third parties 
• Full Third Party Liability
  Covers any person but not the insured in cases where the insured causes and accident. The policy also covers injury, death or property damage to third parties 
• Fire & Theft Only
  Loss or damage caused by fire or loss caused by theft of goods of the insured under the policy 
• Comprehensive
  Loss of or damage to interest insured and / or legal liability to third parties for bodily injury and property damage 
• Motor Traders External & Internal
  Covers damaged that may be caused to the vehicle while in the custody or in control of repairers when the vehicle is being tested on the road after repair
• Internal
  Covers damages that may be caused to the vehicle while in the custody of the person e.g garages or repairer

Marine Risks

• Goods in Transit
  Loss of or damage to the whole of or part of the property, owned by the insured or for which they are responsible in the course of transit by the means of convenience or other means incidental thereto a s caused by any accident or misfortune not otherwise excluded
• Marine Cargo
  Loss or damage to the actual goods whilst being carried on water during transit to and from the lake 
• Marine Hull