Benefits 
  • We take care of all dealings with the insurer, including endorsements, claims and documentation and we give you timely renewal reminders.
  • We have a wide network in Tanzania from where insurance purchases, renewals and claims can be done with a variety of insurers.
  • We enter into service level agreements with insurers to ensure timely service delivery.    
  • We offer expert insurance advisory services, as well as risk advisory services.

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  • Fire and allied perils

    How it works
    • Protects business assets like buildings, contents and stock against damages caused by fire and allied perils such as flood, earthquake and landslides.
    • Policies can be bought as stand-alone or as part of a package.
    • Once your business has declared the values of assets or stock, the insurer will then either rely on the insured details provided or request for a further risk assessment for large/complex risks.
    • Policy pricing depends on the type or nature of the business 

  • Business interuption

    How it works

    This policy is sold as part of a package  and cannot be purchased as a standalone.

    It follows on from the damage caused by fire/allied perils or machinery breakdown and compensates for losses incurred such as

    • Loss of profit arising out of damages.
    • To cover additional cost of operating that the business may incur as a result of damage (for e.g. moving to another building or cost of temporally borrowing another machinery to continue business).

  • Machinery breakdown

    How it works
    • Protects business owners from financial loss resulting from machines being damaged during the course of work (this does not include wear-and-tear).
    • Machines can be protected against the cost of repair or cost of new purchase. 
    • Business owner must disclose the model and cost of purchase of machinery that will be insured

  • Burglary and theft

    How it works
    • Covers office or business contents such as computers, furniture, stock and other items against forced entry theft.
    • Insurance estimated value is issued on ‘first loss basis’, meaning the insured must declare the most probable loss amount should theft or bulgrary occur.

  • Cash

    How it works
    • This insurance policy is designed to compensate for loss of physical money stolen in events such as cash stolen from home or office or cash stolen in transit.
    • The business will be required to declare a limit that will be moved or stored at any given time. Premium will then depend on the limits declared.
    • This policy does not include cash/money lost from theft/fraud commited by an employee.

  • Fidelity guarantee

    How it works
    • Protects from monetary loss resulting from staff dishonesty/fraud committed for cash/money.
    • Business owner must declare if the cover is being taken against a position/designation or against specific individuals.
    • The price will depend on the number of people who will be insured against.

     

  • Goods in transit

    • Protects against financial losses arising out of loss of any raw material or produced stock while in transit. This includes protection against damage or theft. 
    • Transport methods include by land, water or air.
    • Policy purchase requires the insured to declare the value of the goods and destination of the insured goods upfront.
Need more help?

Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)

Email us:

talktous@absa.co.tz