Fire
It is a service rendered by the Insurance Company whereby an insured is protected against “direct loss by fire, lightning and by Explosion of gas used for domestic purposes”.
- A kind of insurance pertaining to the ownership, maintenance, or use of motor vehicle.
- It also refers to insurance on motorcycles, scooters, buses, road building equipment and trailers.
- It is also the contract against passenger accidents and the third party liability for “Death and Bodily Injuries” arising from motor vehicle accident.
Contractor All Risk
Is an insurance for buildings and civil engineering projects during construction against accidents, resulting in loss, or damage or destruction of material, woks in progress, construction plant and equipment and construction machinery.
Comprehensive General Liability
An insurance coverage that is being required by some Local Government Units (LGUs) before the issuance of a Business Permit or before granting the necessary license to operate a business by the Department of Trade and Industry (DTI) is the Comprehensive General Liability (CGL) Insurance.
The Policy affords protection to various types of establishments against financial and legal liabilities that may be incurred for damages to another party’s property (property damage liability) or injury to another person (bodily injury liability) arising from its business operation.
Aside from the basic Premises Operations coverage, it also includes insurance protection against certain risks such as Elevator Hazard, Independent Contractor’s Hazards, Product Hazards and Contractual Hazard.
PROPERTY FLOATER
This insurance is designed to cover heavy equipment which are used in construction, industrial operation, including other types of operations such as farming and quarrying. Such heavy equipments are: CRANES, TRACTORS, BULLDOZERS, COMPRESSORS and GENERATORS, PAYLOADERS, AND OTHER MOBILE EQUIPMENTS that do not require government registration.
Personal Accident
Accidents do happen. And when it does, there should be an insurance protection in place to help defray expenses that may be incurred in case there is a need for medical attention.
Let your financial worries be taken care of by Stronghold Insurance’s Personal Accident Policy. The coverage includes accidental death, permanent disablement, temporary, total/partial disablement and dismemberment with an option to include Unprovoked Murder and Assault coverage.
Our Personal Accident Policy is available for individual or groups such as family, students, passengers and employees/workers of establishments.
Marine Hull
This is an insurance on the vessel itself (framework and hull) the machinery and equipment thereof, and may cover a particular voyage over a period of one year.
Marine Cargo
An insurance on goods, wares, merchandise, and other properties which may be exposed to marine hazards, or perils during their transportation from one location to another through sea, air and land.
Custom Bond
Is an undertaking wherein the Principal and the Surety, subject to stated conditions, bind themselves, mutually and severally to pay the Bureau of Customs, if the Principal fails to perform its undertaking. The Principal defaults when it fails to comply with the conditions of the bond or pay the customs duties, internal revenue taxes and other charges in connection with the importation, warehousing and disposition of such articles.
Fidelity
- guarantees the honesty of the bonded Individual (usually employee) and assumes the payment of any loss, which an employer may suffer due to the dishonesty of the bonded individual.
- covers an employer against loss of money , resulting from fraudulent or dishonest acts of the employees covered.
Guarantee Payment
A guaranteed payment is a specific term in the Internal Revenue Code, which is defined as payments to a partner (in a partnership) or a member (in a limited liability company) in his or her partner or member capacity for services rendered to the partnership or limited liability without regard to the income of the entity.
