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KCB SME Business Insurance Package is a comprehensive cover that insures investment made by Small and Medium Sized Enterprises (SMEs) against a combination of perils or risks. The advantage with this policy is that it provides broad cover not found in individual policies. Risks insured against include:

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a) Fire & Perils Insurance

The basic Fire policy provides indemnity against loss or damage to property described, caused by fire, lightning and explosion. However, the policy is also extended to cover riots, strike, malicious damage, storm, earthquake, and impact by vehicles, aircraft and other aerial devices, subterranean fire, spontaneous combustion, explosion of industrial boilers and economizers, flooding, water damage due to bursting or overflowing of water tanks, apparatus, and pipes. This insurance covers assets such as buildings, plant and machinery, business stocks, furniture fixtures and fittings and office equipment. The product will protect the SMEs premises and stocks against fire and perils ensuring in-case of a loss they are compensated quickly so that they can continue with their business.

b) Burglary Insurance

The Burglary policy provides indemnity against loss or damage to property following forcible or violent entry or exit from insured premises or through hold-up. Assets such as office equipment, stock in trade, furniture fixtures and fittings are covered. This will protect the SMEs against theft of stocks while in the premises, the damage to the building as the thieves break in. Cover can be extended to cover goods in the open up to a certain limit.

c) All Risks Insurance

This insurance provides indemnity against loss or damage to specified items as a result of any cause within the business premises and also outside the business premises. This includes theft, fire, riot and strike breakage and or accidental damage and any other cause not excluded under the policy. This will be ideal to cover the POS machine, mobile phone, ETR machines, computers and all other electrical items that the SMEs uses to conduct business.

d) Money Insurance

This policy covers loss or damage to money by robbery or theft whilst:

  • In transit from your premises to the bank and vice versa
  • In premises during business hours
  • In premises in locked safes/strong rooms outside business hours
  • In the hand of senior employees/authorized personnel of the company
  • Value of the safe.
  • NHIF and service charge stamps and stamped cards and the contents of the franking machineThis will ideally cover the cash/ money while in the premises or while in transit to the bank or with authorized employees against theft/hold-up by third parties.

e) Work Injury Benefit Act, 2007 (WIBA) Insurance

Compulsory for ALL Employees virtue of the Work Injury Benefits Act, 2007 (WIBA).





Claims Process

Documents required for claims under KCB Agents Combined Insurance Package include:

  • Completed Claim Form
  • Police Abstract Report for theft claims
  • Fire brigade report for fire incidents
  • List of property damaged by fire or stolen
  • Supervisor statement in respect of all injury claims
  • KCB Insurance will provide guidance on the claims process and documents to be provided in substantiation of the claim

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