OVERVIEW
We offer comprehensive coverage for retail businesses, protecting against losses related to the deterioration of goods in cold storage and the physical loss or damage of goods during transportation or storage.
1. Deterioration of stock
This policy covers damage to goods stored in specific cold storage spaces, which occurs because of a change in temperature caused by breakdown of the refrigeration due to accidental damage to it.
2. Cargo and Stock Throughput
This policy provides cover for the physical loss of or damage to goods whilst being transported, whether by road, rail, air or sea, with an optional extension available to cover goods in storage, outside the ordinary course of transit.
3. Export and Domestic Trade Credit Insurance
This policy protects Zimbabwe’s exporters from losses arising from various commercial and political risks inherent in all export transactions. This protection will also enhance their capacity to compete in the international markets and enable them to break into new markets, introduce new products, and take up new buyers
The policy covers:
Commercial Risks
- Insolvency of the buyer, his protracted default, and non-acceptance of exported goods.
- Insolvency and protracted default of the L/C-issuing bank
Political Risks
- War
- Civil Disturbance
- Moratorium
- Imposition of new import or exchange control regulations
- Transfer Delays