Old Mutual
Old Mutual offers varied insurances policies. They are tailor made to fit the client.
HOME & PERSONAL INSURANCE
If you own property or household goods, it’s important to protect them against loss or damage. You have the option to take out All Risks insurance, Personal Liability insurance, Personal Accident insurance or a Living Future (serious illness) policy.
PERSONAL ACCIDENT INSURANCE
This insurance will compensate you if you are injured by accidental, violent and visible means. The policy covers death, permanent disablement, temporary total disablement and medical expenses.
HOUSEOWNERS (BUILDINGS) INSURANCE
This policy covers your buildings and fixtures and fittings against damage caused by theft, fire, lightning, explosion, earthquake, impact by animals, accidental damage of water pipes, accidental breakage of windows and more.
HOUSEHOLDERS (CONTENTS) INSURANCE
This policy covers your household goods, personal effects and fixtures and fittings where loss or damage is caused by theft, fire, lightning, explosion, earthquake, impact by animals, accidental damage of water pipes, accidental breakage of windows and more.
ALL RISKS INSURANCE
This insurance covers you for loss or damage from most external causes. It covers items such as jewellery, watches, cameras, spectacles and property which you often take away from home. It also includes luggage, sports equipment and other possible possessions that you generally carry on you. All of these are covered under one overall insured sum.
TRAVEL INSURANCE
This insurance covers you for emergency medical and related expenses, personal injury, personal property and personal liability.
BUSINESS INSURANCE
There are various policies that we offer under business insurance. These policies cover:
Business All Risks
This policy caters for businesses and professionals who need cover for equipment away from the premises and also accidental damage cover both at and away from the premises. The type of equipment covered would be:
Computers, calculators and other portable devices
Medical instruments
Tools
Stands and their contents at exhibitions and trade fairs
Radios, televisions, video recorders and cameras
Assets All Risks
This is a combined policy that is designed to cover businesses with high value insurable assets. It covers:
Fire and Allied Perils
Theft
Money
Goods in Transit
Glass
Business All Risks
Business Interruptions
Accounts Receivable
Claim preparation costs
Additional increase in cost of working
Office Contents
The policy covers contents of an office of professional people such as lawyers, insurance brokers and estate agents. It covers an array of perils such as:
Fire
Lightning & Explosion
Theft
Accidental damage to mirrors and glass forming part of the office furniture
Loss of money
Group Personal Accident
This policy is taken by companies to cover its employees against sudden and unforeseen accidents. It covers for Death, Permanent Disability, Temporary Total Disablement and medical expenses as a result of an insured accident.
Business Interruption
Business Interruption is also known as Consequential Loss or Loss of Profits. The purpose of this form of insurance is to indemnify the insured for the loss of turnover and continuing costs as a result of an interruption to the business following damage by an insured peril. This policy will pay during the period of interruption for:
Loss of profits
Wages for employees that the insured needs to keep
Rent or bond repayments while the building is being reinstated
Bonds & Guarantees
This policy covers:
Construction
Custom & Court Bonds
Mortgage Guarantee
Performance
Bid Bonds
Accounts Receivable
This is also a type of consequential loss insurance. It covers the loss of income caused by the accounts being destroyed by an insured peril and the company then being unable to trace its debt.
Goods in Transit
The Goods in Transit policies can either be for loss or damage to goods following fire, collision or overturning of the carrying vehicle or for all risks. The all risks cover applies whilst the goods are being loaded onto and off the vehicle and during temporary storage during the journey.
The goods can be insured either by the owner or by the carrier, and cover can apply to road, rail and postal carryings.
Theft
This only covers losses as a result of a break-in or hold-up excluding shop-lifting. Theft must be as a result of forcible and violent entry to or exit from the insured buildings or any attempted threat or as a result of theft or any attempt threat following the use of threat of violence.
Money
Because of the high incidence of robberies involving money, it is essential to have this form of insurance. It covers the loss of money on the premises or in transit. It covers money:
At the insured’s premises during business hours whether it is in a safe, a till or secured elsewhere on the premises
In a locked safe or storeroom when the business is closed for business
In transit to and from the bank
Glass
Under this policy you can insure plate glass of any type against accidental damage and breakage. This can apply to windows, shelves and glass in office furniture. It also covers damage to the frames and lettering on windows if they are damaged at the same time as the glass.
Fidelity
This form of insurance is to protect the insured against losses of money and goods caused by the dishonesty of any of his employees. This applies to contract employees as well as all other employees.
Defective Workmanship
This form of cover is needed for businesses where physical work rather than products are involved, such as a vehicle or machinery repairer. For example, if a component is put back wrongly into a vehicle or piece of machinery and an accident results, then the policy would cover for the damage caused.
Travel Insurance
This class of insurance covers emergency medical and related expenses, personal injury, personal property and personal liability.
LIABILITY INSURANCE
Public Liability
This covers a firm’s liability at law for injury to persons (other than its employees) and damage to property (other than the firm’s own or for which they are responsible).
Products Liability
This form of cover is intended for any company involved in providing goods as a manufacturer as they would need cover for products liability. It gives cover for legal liabilities of an insured for death of or injury to a customer caused by a faulty product and also for any damage to their property. An example is foodstuffs with wrong ingredients that can cause sickness or death or hair chemicals with wrong ingredients that can cause damage.
Employer’s Liability
Residual Liability
When an award is made by the National Social Security Authority to an employee it does not take into account negligent behaviour by any party. If they find that an employer was in any way negligent then they will impose a fine. The amounts of fines are set out in the appropriate act. This policy covers the payment of those legally imposed fines.
Professional Indemnity
Protection for professional firms such as solicitors, architects and accountants against loss or damage suffered as a result of professional negligence, for example, a pharmacist giving the wrong medicines to a client.
INDUSTRY-RELATED INSURANCE
Farmers
The policy covers:
Fire and Perils
Theft
Money
Business All Risks
House-owners
Householders
Personal & Public Liability
Motor cars, commercial vehicles, tractors, trailers and farm implements
Cover to livestock by specified perils
Damage to crops
Marine
This form of insurance covers marine hull and marine cargo.
Engineering
This covers Plant, Contractors, Machinery Breakdown, Loss of Profits and Computers.
MOTOR INSURANCE
This insurance covers various types of private and commercial vehicles which are used for social, domestic, personal, business and commercial purposes.
There are three basic forms of policy cover:
Full Third Party:
This covers liability for death or bodily injury to others plus damage to property of others up to a certain amount.
Full Third Party, Fire and Theft:
This policy covers Full Third Party plus damage or loss caused by fire or theft to the insured vehicle.
Comprehensive:
This insurance covers Full Third Party, Fire and Theft plus accidental damage to the insured’s vehicle, medical expenses and towing charges.
Contact details
Old Mutual Centre
Cnr 8th Avenue/Jason Moyo
Bulawayo
Phone + 263 (0) 9 79333
