Personal lines

Motor

Comprehensive

It gives the widest cover including that given by each of the two mentioned above. It gives indemnity in respect of:
  • Accidental collision or over-turning
  • Fire, self-ignition
  • External explosion, lightening
  • Burglary, housebreaking, theft
  • Malicious damage
  • Damage whilst in transit by rail, inland water-way, lift or elevator
  • Damage whilst in transit by rail, inland water-way, lift or elevator
Reasonable cost of protection and towage when an accident occurs.

Third Party Fire & Theft

As the name implies, this policy insures the vehicle itself against:
  • Loss or damage caused by fire or theft in addition to the insured’s legal liability to third parties as indicated in 1 above Personal accident benefit to the insured and driver

Third Party

Covers the insured’s legal liability for injury to or death of third parties and damage to third party property such as vehicles, buildings, kiosks, traffic lights etc. It does not however extend to a passenger’s luggage, bags, wristwatches and other personal effects.

Travel

Our travel policies are designed to cover clients traveling abroad who may sustain injury as a result of an accident. It comes in two categories namely Vanguard CICL and Vanguard Safe Travel policies. Get safe while away on a trip with the Vanguard CICL or Vanguard Safe Travel policies.

Home owners

Vanguard homeowner’s policy is designed to cover loss or damage to your private dwelling, household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.

Personal accident

Vanguard homeowner’s policy is designed to cover loss or damage to your private dwelling, household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.

Corporate

Motor

Comprehensive

It gives the widest cover including that given by each of the two mentioned above. It gives indemnity in respect of:
  • Accidental collision or over-turning
  • Fire, self-ignition
  • External explosion, lightening
  • Burglary, housebreaking, theft
  • Malicious damage
  • Damage whilst in transit by rail, inland water-way, lift or elevator
  • Damage whilst in transit by rail, inland water-way, lift or elevator
Reasonable cost of protection and towage when an accident occurs.

Third Party Fire & Theft

As the name implies, this policy insures the vehicle itself against:
  • Loss or damage caused by fire or theft in addition to the insured’s legal liability to third parties as indicated in 1 above Personal accident benefit to the insured and driver

Third Party

Covers the insured’s legal liability for injury to or death of third parties and damage to third party property such as vehicles, buildings, kiosks, traffic lights etc. It does not however extend to a passenger’s luggage, bags, wristwatches and other personal effects.

Fire

Our Fire and Allied Perils policy is one of the most popular fire insurance policies in the country and provides a range of standardized products from which to choose from.

Assets All Risk Policy

The Assets All Risk provides cover for the insured against loss, damage or destruction of insured’s property resulting from any accidental cause unless specifically excluded from the policy.

Combined Fire & Theft

This policy provides your business premises with cover against fire and allied perils including theft for specified goods and office fixtures and fittings.

Industrial Fire

Vanguard’s Fire Policy is so flexible that whatever your needs, it can be tailored to suit them.

This policy covers Business Premises (e.g. Factories, Shops, and Warehouses) and their contents against loss or damage by fire, lightning and explosion. The fire policy can be extended to cover special perils like earthquake, storm, flood, impact, overflowing of water tanks etc. Talk to us today for the appropriate product that with suite your company.

Commercial Fire

This is a repackaged version of the Industrial fire policy with a few add-ons that enable the owners of commercial properties comply full with the new Insurance regulation on the operation of commercial properties.

This policy covers Business Premises (e.g. Factories, Shops, offices and Warehouses) and their contents against loss or damage by fire, lightning and explosion. The fire policy may be extended to cover special perils like earthquake, storm, flood, impact, overflowing of water tanks etc. It contains a component for Fire Levy and a Fire certificate issue. A Public Liability cover with a limit of GHc 20,000 is extended automatically where commercial operator does not have a Public Liability insurance cover in place. For Buildings under Construction, another extension is made for collapse.

All owners of properties being used for commercial purposes should kindly get in touch urgently on +233 244 334 407 for instant coverage.

General accident

Group Personal Accident

It is a 24hr policy designed to provide compensation to the insured or his legal representative for:
  • Death
  • Permanent total disablement
  • Temporary total disablement
  • Medical expenses
It is an accident cover ideal for senior employees. Benefits are not limited to only work related accidents.',

Burglary (Business Premises)

This policy, provides cover for loss of or damage to property by theft following forcible and violent breaking into or out of your Commercial or Business premises or any attempt there at.

Fidelity Guarantee

This policy offers you protection against the infidelity of employees such as accountants and cashiers who deal with finances/cash of the Company. The policy shall reimburse you for all loss of money due to acts of fraud and dishonesty on the part of accountants and cashiers.

Money Insurance

The policy indemnifies the insured for any loss of money from causes not specifically excluded whilst kept within the insured premises and or whilst during transit.

Asset All Risk

This a is a Comprehensive policy that covers accidental damage, fire and burglary to the insured Items. Losses from every risk is covered except those specifically excluded.

Public Liability

This policy provides: indemnity to the insured for his legal liability for:
  • Accidental bodily injury to or illness or death of a third party.
  • Accidental loss of or damage to property occurring in connection with the insured’s business, if such injury or damage occurs on the insured’s premises.

Products Liability

A Product Liability policy indemnifies the insured against legal liability to pay compensation arising out of any defect in the products manufactured by the policy holder and covered under the policy. Essentially, product means any tangible goods or property after it has left the custody and control of manufacturer – which has been designed, specified, formulated, manufactured, constructed, installed, sold, supplied, distributed, treated, serviced, altered or repaired by/or on behalf of the insured.

Professional Indemnity

This policy is used to cover professionals such as Architects, engineers, Doctors, Accountants, Consultants etc. against their professional negligence in the course of their practice.

Goods-in-Transit

This is an Insurance cover for loss or damage to goods while in transit by any insured vehicle. The loss or damage should be covered by
  • Fire
  • Theft following violence or theft if violence by employees of the insured or carrier
  • An accident to the carrying vehicle.

Cash-in–Transit

This is an Insurance policy against loss of money in transit or whilst secured in the insured’s vault or built-in-Metal safe.

Bankers Indemnity

This is a special policy for Banks which provides cover for claims arising out of errors, omissions, misstatements, misleading statements, neglect, breach of trust or breach of duty among others.

Plate Glass

This is also a special policy that covers loss or damage. It is ideally suited for all business establishments that have plate glass installed in their business premises such as showrooms, shopping complexes, restaurants, hotels, theaters, stadiums, etc.

Directors Liability

This is a policy that protects the Directors by providing indemnity for any loss arising from a claim as a result of a “Wrongful Act” committed while they are carrying out their duties and obligations in their position as a Directors or Officers. In today’s litigious environment, Directors or Officers are held personally liable for the management of the affairs of the company. The exposure is not limited to large corporations, but Directors of small and medium companies are similarly exposed.

Engineering

Under engineering insurances, we have available a whole array of policies from which you may choose from. These include:

Boiler & Pressure Plant Insurance

This policy affords owners of the boiler/ pressure plant protection against

  • Damage to the boilers and/or pressure vessels
  • Damage to the surrounding property of the insured
  • Liability of the insured by law to any third party on account of death or bodily injury
  • Damage to property (not held in trust or in commission) caused by and solely due to explosion or collapse occurring in the course of ordinary working.

Electronic Equipment Insurance

This policy provides owners and or financiers with a cover against unforeseen and sudden physical loss or damage from fire and allied perils breakdown, short circuiting etc to equipment such as Computers, Medical, Bio-Medical, Micro Processors, Audio-visual equipment etc.

LOP following Machinery Breakdown/BPI/EEQ

The policy indemnifies the insured for loss of profits and/or additional expenses incurred following the loss or damage to the insured machinery caused by an insured peril.

Thermal Risks and Machinery Loss of Profit

This policy covers the continuing business expenses (standing charges), salaries and wages arising from Thermal Risks affecting the Machinery and Equipment of the insured. It may be extended to cover the net profit and increase in cost of working. This list is not exhaustive, whatever you needs are, let us help you today.

Construction Policies

This insurance policy provides cover against any unforeseen or sudden physical damage to property of the insured whether it is At work, At rest, In the process of being dismantled for cleaning or overhauling, Being shifted within the premises and In the process of being re-erected subsequently.

Contractors All Risk Insurance

Provides cover for contract works, materials or any part thereof that shall suffer any unforeseen and sudden physical loss or damage from any cause. The policy can also be extended to cover other cost such as clearance of debris, Professional fees and more subsequent to the event giving rise to the claim. Vanguard Assurance Contractors All Risks Policy also provides:

    • Third Party Liability Cover:

      This indemnifies the insured against all such sums which the insured shall become legally liable to pay as damages arising out of accidental bodily injury to or illness of third parties whether fatal or not;
    • Accidental loss or damage to property belonging to third parties occurring in direct connection with the contract and happening on or in the immediate vicinity of the site during the period of insurance.

Erection All Risk Insurance

This Insurance cover caters for the risks associated with the construction/erection of machinery, plant & steel structures involving very little civil engineering works. There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR) but it is worthy of note that they are not similar. While the CAR provides cover for civil works and mostly structures needed to house or support the expensive machinery & equipment for a project, the EAR policy covers the erection of such Plant and Machinery.

Civil Engineering Completed Risk

This Insurance cover caters for the risks associated with the construction/erection of machinery, plant & steel structures involving very little civil engineering works. There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR) but it is worthy of note that they are not similar. While the CAR provides cover for civil works and mostly structures needed to house or support the expensive machinery & equipment for a project, the EAR policy covers the erection of such Plant and Machinery.
  • Fire, lightning, explosion, impact of land borne or waterborne vehicles
  • Impact of aircraft and other aerial devices or articles dropped there from
  • Earthquake, volcanic eruption, tsunami
  • Storm (air movements stronger than grade 8 on the Beaufort Scale)
  • Flood or inundation, wave action or water
  • Subsidence, landslide, rockslide or any other earth movement
  • Vandalism of individual persons

Bond

Bonds are usually a contract between three parties – the Contractor, Guarantor and the Principal. with the guarantor providing the guarantee that the principal who engages the services of any Contractor will be indemnified in the event of default in delivering of services as expected. At Vanguard Assurance, we serve as Guarantors to provide all kinds of Bonds to enable you transact your business in peace and tranquility. Some of these Bonds include:

General Bonds

  1. Bid Bond/Bid Security/Tender Security: This Bond is taken by contractors who want to tender for projects. Vanguard guarantees to pay the principal for amounts up to the bond value, in the event that, either the Contractor or Bidder withdraws from the bidding process, or the Contractor fails to sign the contract or take possession of the site to commence work. You will require this bond mostly to tender for a contract.
  2. Performance Bond: This policy obliges the Guarantor (Vanguard) to ensure that the Contractor will perform the job awarded to completion and to the satisfaction of the principal (i.e. according to specifications and within the given time), or else arrange to complete the work. Failure by the Contractor to perform as expected, the guarantor will be called upon to pay the bond value guaranteed to the principal.
  3. Advance Payment/Mobilization Bond: This Bond is given as a guarantee to customers who wish to take monies from their Principal as an advance to execute a project. Vanguard will guarantee refund to the principal all monies paid to the Contractor under this policy.
  4. Retention Bond: Some Companies or organizations allow a contractor to substitute a bond to guarantee the contractor’s faithful execution of repairs to any defects to the completed projects during a specified period. Vanguard will guarantee refund to the principal all monies paid to the Contractor under this policy. If you require this kind of bond for your projects, please contact us.

Customs Bonds

These are a guarantee to CEPS acting on behalf of the Republic of Ghana, that the insured will pay all duties due on imported/exported goods. Some of these bonds include:

  • Security or Warehouse Bond
  • Removal Bond
  • Temporary Import Bond
  • Re-Exportation Bond
  • Transit Bond
  • Transshipment Bond
  • Exportation Bond
  • Customs House Agent General Exportation Bond

Workmen compensation

The Vanguard Assurance Workmen’s Compensation policy is designed to help Employers fulfill their legal responsibility towards the Workmen’s Act 1987. which makes it compulsory for any Employers of labour to set aside funds to compensate any worker who may sustain injury at the work place whether or not the Employer is to blame.

Besides, compensation for injury, Death etc, there is provision for payment of Medical Expenses as a result of the injury an injury sustained whilst in the cause of employment. An employer may choose to insure his liability under the Act and in addition can extend his liability to cover medical expenses. Talk to Vanguard Assurance today, to get your legal liabilities towards your employees insured. An enhanced policy is the Vanguard Group Personal Accident policy.

Marine

Marine insurance covers the loss or damage to cargo and ships i.e. fishing vessels, pleasure boats.
Our Cargo Insurance Policy provides cover:
  • The accidental loss or damage to ships such as cargo vessels, fishing vessels, pleasure boats
  • The loss, theft or damage to cargo whilst being imported or exported by sea or through water ways such as rivers, lakes
The Marine Cargo Insurance Policy may not only be taken to cover imports and export of cargo from warehouse to warehouse but may also covers shipments of goods and personal effects transported by air. The Vanguard Assurance Marine policies are grouped as follows:

Marine Open Cover Policies

Marine Cargo General: this is an automatic cover issued to clients who do frequent Imports and Exports of consignment by Sea, air and Inland transit. The areas of risk covered include ICC ‘A’ (all risk), ‘B’ and ‘C’ with war and strikes risk. (except those specifically excluded in the respective clauses).

Individual Marine & Cargo Policies

Some Clients may prefer to take specific policies insuring particular marine items. As a result we do provide specialized customized policies to meet varying demands. A few are listed below
  • Marine Cargo General

    All import, export or transit cargo over a fixed period of time and might be for a particular cargo.
  • Marine Cargo Exports

    This policy covers transit and export cargo over a fixed period for a particular cargo.
  • Marine Certificate Policies

    We also provide certificates for the policies listed below; Marine Cargo General and Marine Cargo- Exports.

Stevedores Legal Liability

Stevedores unload and load cargoes from ships, railroad cars, trucks, etc. Stevedore’s liability is a form of insurance that assists with claims related to their operations, whether they are connected to a transportation terminals or do business as independent contractors.

Aviation

The aviation sector in Ghana has been growing rapidly in the past 10 years and so have the liabilities and assets of our cherished industry players.
With the increased values at risk and the complex nature of aviation operations, some players end up employing aircraft insured outside the country for their local operations, despite the legal implications. At Vanguard Assurance, we strive to ensure that we adequately support the requirements of our clients in the aviation industry by providing them with a range of insurances that meet the varing needs of their various crafts from light aircrafts, helicopters to niche aircrafts. Our Aviation insurances provides coverage for:

  1. Hull and Engine
  2. Spares
  3. Liability for passenger injuries,
  4. Environmental damage caused by aircraft and
  5. Third-party damage caused by aircraft accidents.

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