CIC Insurance- Motor Commercial Plus Insurance
Motor
About this product
CIC Insurance offers an enhanced policy designed for heavy commercial vehicles. It also provides a tracking facility as well as covering loan repayments while the vehicle is undergoing repairs, among other extras.Scope of the Cover
- Theft
- Riot Strike & Civil commotion
- Accidental collision and overturning
- Third Party Liabilities
- Malicious damage
- Flood and other perils of nature
Benefits of the Cover
- Coverage across the COMESA region
- Riot Strike and civil commotion
- Nil theft excess
- Repair facilitation within the COMESA region (Typical yellow card procedures apply)
- Free tracking device
- Floods and other natural disasters are covered
Benefits at an Extra Charge
- Monthly loan repayment while under repair
- Political risks & terrorism cover - 0.5% of vehicle value(single unit) and 0.3%(fleet rate)
- Loss 0f income
- Carriers Liability
- Excess protector(material damage)
- Work injury benefit cover for driver and loader(WIBA)
- Fleet management
- Theft by employees
Commercial Own Goods
| Basic rate single unit | 5.3% |
| Fleet rate (3 units and above) | 4.8% |
General Cartage
| Basic Rate | 6.3% |
| Fleet Rate (3) and above | 5.8% |
| Minimum sum insured | KES. 2,000,000 |
Carriers Liability
Loss or damage of merchandise and goods held by insured in trust or on commission following an accident.| Limit of Liability(KES) | Annual Premium(KES) |
| Up to 500,000 | 12,500 |
| Up to 1,000,000 | 18,750 |
| Up to 1,500,000 | 28,125 |
| Up to 2,000,000 | 37,250 |
| Up to 2,500,000 | 42,500 |
| Up to 3,000,000 | 54,250 |
| Up to 3,500,000 | 63,300 |
| Up to 4,000,000 | 72,300 |
| Up to 4,500,000 | 81,400 |
| Up to 5,000,000 | 90,400 |
Fidelity Guarantee
Loss of merchandise or goods following an act of dishonesty or fraud by an employee| Limit (KES) | Premium (KES) |
| Up to 500,000 | 10,100 |
| Up to 1,000,000 | 20,100 |
| Up to 1,500,000 | 30,150 |
| Up to 2,000,000 | 40,200 |
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