Our Assets All Risks and Motor Fleet Insurance Policy
From customised machinery to electronic equipment, your business assets play a vital role in the success of your operations.
Priority Insurance also offers three types of business motor insurance for your vehicles, so you can pick the one that suits your company's needs...
Ready To Purchase Our All Risk and Motor Fleet Insurance Policies, Get A Quote Now !
Priority Insurance have these policies too
Motor Insurance
Loss of or damage to any vehicle described
get a quoteFire Insurance
A basic Fire policy insures damage to tangible
get a quoteBusiness Interruption Insurance
The Business Interruption policy can insure the project
get a quoteMarine All Risks Insurance
This policy insures items such as plant and
get a quoteWhat is Assets All Risk Insurance?
Our Assets All Risk insurance provides protection for business property that is accidentally physically lost, destroyed or damaged by anything other than the excluded causes listed below. This means that you’re covered for almost every eventuality, which makes your coverage broader and easier to understand too.
Examples of excluded causes are:
- Damage caused by defective design materials or workmanship
- Willful acts or negligence by the insured
- Acts of fraud or dishonesty
- Disappearance, unexplained or inventory shortage
Some property is also excluded, such as money, electronic installations, vehicles and boilers.
What is Motor Fleet Insurance?
Are you a company that uses one or more motor vehicles to run your business? If something happens to them, you’ll want to make sure that your business operations continue as normally as possible. Priority Insurance offers three types of business motor insurance for your vehicles, so you can pick the one that suits your company's needs best:
1. Motor Third Party
In terms of Ghanaian Law, the Motor Third Party Act 1958 stipulates that all vehicles must be covered for unlimited bodily injury and death compensation to third parties, such as fare-paying passengers and pedestrians. Our Motor Third Party cover also offers you emergency treatment and provides personal accident cover for the insured or driver and occupants of the vehicle - so you know your employees will be taken care of. Damage to third-party property is also covered.
2. Third-Party Fire and Theft
This type of motor insurance provides cover for loss of or damage to your vehicles as a result of theft or fire, as well as third-party liability.
3. Comprehensive
Our most extensive type of motor insurance for your business, our comprehensive insurance provides protection to your vehicle/s against the following:
- Accidental collision or overturning
- Fire, external explosion, self-ignition or lightning
- Theft, burglary, house-breaking or malicious acts
- Floods, storms, earthquakes, riots, strikes and civil commotion while the property is being carried by road, rail, inland waterway, lift or elevator
- Third-party property damage, injury and death for which the insured is legally liable.
Are you a company that uses one or more motor vehicles to run your business? Fill the Form Below and an Expert Will Get In Touch Soon
Are you a company that uses one or more motor vehicles to run your business? Fill the Form Below and an Expert Will Get In Touch Soon
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Assets All Risk Insurance is a comprehensive insurance policy that provides coverage against a wide range of risks or perils, including fire, theft, accidental damage, and natural disasters, for various types of assets, such as buildings, equipment, machinery, and valuable belongings. It is essential for protecting your valuable assets from unexpected losses or damages.
Motor Fleet Insurance is a specialized insurance policy that provides coverage for a fleet of vehicles owned or operated by a single entity, such as a business, organization, or government agency. It offers convenience, cost savings, and streamlined management of insurance for multiple vehicles under a single policy.
Assets All Risk Insurance can cover a broad spectrum of assets, including but not limited to buildings, machinery, equipment, electronic devices, furniture, fixtures, inventory, and valuable personal belongings.
Motor Fleet Insurance can cover a wide range of vehicles, including cars, vans, trucks, buses, motorcycles, and specialty vehicles used for commercial, industrial, or transportation purposes.
Assets All Risk Insurance typically provides coverage for accidental damages, theft, fire, lightning, explosion, vandalism, natural disasters, and other specified perils, subject to the terms and conditions of the policy.
Motor Fleet Insurance typically provides coverage for damages to the insured vehicles, third-party liabilities (including bodily injury and property damage), legal expenses, medical expenses, and other specified risks or perils, subject to the terms and conditions of the policy.
The premium for Assets All Risk Insurance is determined based on various factors, including the value and replacement cost of the insured assets, their location, occupancy type, construction materials, security measures, and previous claims history.
The premium for Motor Fleet Insurance is calculated based on several factors, including the number and types of vehicles insured, their usage (e.g., private, commercial, transport), the drivers' age and experience, the claims history of the fleet, and risk management measures implemented by the insured entity.
Yes, many insurance companies in Ghana like Priority Insurance Company offer customizable Assets All Risk Insurance policies that allow you to tailor coverage limits, deductibles, and additional endorsements to meet your unique insurance requirements.
Yes, many insurance companies like Priority Insurance Company imited offer flexibility to add or remove vehicles from the Motor Fleet Insurance policy during the coverage period, subject to underwriting approval and any applicable adjustments in premium rates. It is advisable to inform your insurer promptly about any changes in your fleet composition to ensure continuous and adequate coverage.
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