What is Construction Insurance – bonds and guarantees?

In the daily running of your business, it is necessary to have securities providing sufficient back-up for your construction bonds and guarantees. Hollard Botswana’s Construction Bonds and Construction Guarantees will assist your business to maintain and fulfil your contractual agreements.

What does Construction Guarantees and Bonds Insurance cover?

• Bid Bonds/Securities – undertaking to issue a guarantee where the contractor is awarded the contract
• Advance Payment Guarantees – guarantee to repay the employer should the contractor use the advance other than for the purchase of the contract materials
• Performance Guarantees – guarantee that the contractor will perform the work as specified in the contract
• Retention Guarantees – guarantee that the contractor shall provide repairs and/or maintenance for a specific period
• Materials On/Off-Site Guarantees – guarantees ownership to the employer where the contractor fails to build the materials into the contract works
• Customs and Excise Bonds – guarantee that the contractor shall re-import plant and equipment used for neighbour state contracts

What is Engineering Insurance?

It’s not unusual for issues to arise while working on large engineering and construction projects. Hollard Botswana’s Engineering Insurance covers your projects against financial losses you may incur due to an unexpected incident.

Engineering Insurance offers a wide range of products to protect your construction projects and manage the risk of items that are crucial to the success of your endeavour.

What does Engineering Insurance cover?

Engineering Insurance policy covers the following against a collection of risks:

• Building
• Civil
• Mechanical engineering projects

Engineering Insurance includes:

• Contractors and all risks involved therein
• Work
• Third party liability
• Advanced loss of profits
• Building erection and all risks involved therein
• The contractor's own plant and machinery
• Any machinery breakdown and the resulting loss of profit
• Performance guarantees
• Electronic equipment breakdown and the resulting loss of profit
• Civil engineering involved

What is Marine and Cargo Insurance?

If you are an importer or exporter you will need to seriously consider taking comprehensive marine and cargo insurance for you goods, as a loss of or damage to your stock can negatively impact your businesses financial and reputational image.

Hollard Botswana’s Marine Insurance and Cargo Insurance offers an extensive range of transport insurance related products. Through partnerships, we provide valuable skills, knowledge and innovation when approaching the issue of cargo insurance and marine transport insurance solutions for your business.

What does Marine Insurance cover?

• Cargo insurance
• The possibility of loss of profits
• Stocks and throughputs
• Goods in transit
• Damage to commercial hulls
• All builders’ risks
• All road haulier liability
• High-valued pleasure crafts and luxury boats
• Any marine liabilities
• Deprivation extensions

What is Business Travel Insurance?

While many business trips may go on without a hitch, accidents can and do happen. Business Travel Insurance is a method of managing these risks and relieving the stress of dealing with any unforeseen incidents that may be encountered while travelling for work.

Refresh-Link’s Business Travel Insurance allows your company access to detailed and comprehensive insurance for your employees when travelling for the business.

Business Travel Insurance benefits:

• Medical Expenses benefit – this will take care of expenses relating to the immediate treatment of medical or dental needs, including relevant transportation costs. Additionally, costs for repatriation of the return of an insured’s remains will fall under Business Travel Insurance
• Personal Liability benefit – this feature covers you for legal liability incurred due to accidental bodily harm or death of a third party, or accidental damage or loss to a third party caused by an employee
• Personal Accident benefit – this feature covers for death or disability following an accident suffered whilst abroad
• Luggage benefit – this benefit provides compensation for personal baggage that is damaged, stolen, destroyed or lost. In addition, the benefit covers your passport and money

Policy terms and conditions apply.