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.

Assets All Risk Policy

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

Combined Fire and Theft

This policy protects your business premises against fire and allied perils, including theft of specified goods, 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 earthquakes, storms, floods, impacts and overflowing of water tanks, among others. Talk to us today for the appropriate product that will 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 to comply fully 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 earthquakes, storms, floods, impacts and overflowing of water tanks, among others. 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 a commercial operator does not have a Public Liability insurance cover in place. For Buildings under Construction, another extension is made for collapse.

Group Personal Accident

It is a 24-hour 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 covers property loss or damage by theft following forcible and violent breaking into or out of your Commercial or Business premises or any attempt thereat.

Fidelity Guarantee

This policy protects you against the infidelity of employees such as accountants and cashiers who deal with the finances of the company. The policy shall reimburse you for all loss of money due to fraud and dishonesty by accountants and cashiers.

Money Insurance

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

Asset All Risk

This Comprehensive policy covers accidental damage, fire and burglary to the insured Items. Losses from every risk are covered except those expressly 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 from any defect in the products manufactured by the policyholder and covered under the policy. Essentially, product means any tangible goods or property after it has left the custody and control of the 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 covers professionals such as Architects, engineers, Doctors, Accountants and Consultants, among others, against. against their professional negligence during 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 of damage should be covered by

• Fire
• Theft following violence or theft, be it by the 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 unique 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. Ideally, It is suited for all business establishments with plate glass installed in their business premises, including, but not limited to, showrooms, shopping complexes, restaurants, hotels, theatres and stadiums.

Director’s Liability

This policy protects the Directors by providing indemnity for any loss arising from a claim due to a “Wrongful Act” committed while they are carrying out their duties and obligations in their position as 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.

Under engineering insurance, we have a whole array of policies from which you can choose. These include:

Electronic Equipment Insurance

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

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 working costs. This list is not exhaustive, Whatever your needs are, let us help you today.

Construction Policies

This insurance policy provides cover against any unforeseen or sudden physical damage to the insured's property, whether at work or at rest, in the process of being dismantled for cleaning or overhauling, being shifted within the premises or in the process of being re-erected.

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 costs 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 and steel structures involving minimal civil engineering works. There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR), but they are not similar. While the CAR covers for civil works and mostly structures needed to house or support a project's expensive machinery and equipment, 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 and steel structures involving minimal civil engineering works. TThere is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR), but they are not similar. While the CAR covers for civil works and mostly structures needed to house or support a project's expensive machinery and equipment, the EAR policy covers the erection of such Plant and Machinery.

• Fire, lightning, explosion, impact of landborne or waterborne vehicles
• Impact of aircraft and other aerial devices or articles dropped.
• Earthquakes, volcanic eruptions, tsunamis
• Storms (air movements stronger than grade 8 on the Beaufort Scale)
• Floods or inundations, wave action or water
• Subsidence, landslides, rockslides, or any other earth movement
• Vandalism of individual persons

Bonds are usually a contract between three parties – the Contractor, the 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 services as expected. At Vanguard Assurance, we serve as Guarantors to provide all kinds of Bonds to enable you to 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 if 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 primarily 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 a guarantee to customers who wish to take monies from their Principal as an advance to execute a project. Vanguard will guarantee a refund to the Principal of 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 a refund to the Principal of all monies paid to the Contractor under this policy. Please contact us if you require this kind of bond for your projects.

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

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 an injury at the workplace whether or not the Employer is to blame.

Besides injury and death compensations, there is a provision for payment of Medical Expenses due to 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 insurance covers the loss or damage to cargo and ships, i.e. fishing vessels and pleasure boats.

Our Cargo Insurance Policy provides cover for:

• The accidental loss or damage to ships such as cargo vessels, fishing vessels and pleasure boats
• The loss, theft or damage to cargo whilst being imported or exported by sea or through waterways 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 it 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 frequently import and export consignments 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 expressly excluded in the respective clauses).

Individual Marine and 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 might be for a specific 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 to railroad cars, and trucks. Stevedore’s liability is a form of insurance that assists with claims related to their operations, whether they are connected to a transportation terminal or do business as independent contractors.