Running a business comes with risks; fires, theft, and accidents that can derail all your hard work. ICEA LION’s BizBora bundles seven essential covers into one easy package so you can pick exactly what you need, from property protection to accidental damage.

Explainer Video

Section A: Fire and Perils

Fire & Perils You can take this up if you are the landlord of a building or a section of a building used for business. It is also suitable for you if you have rented space for business as a tenant. If you are a tenant, we cover you for the assets within the building including machinery and plant equipment, electronics, stock items, furniture and fixtures amongst others. The fire and perils option will compensate you for any loss or damage to the buildings and/or contents caused by fire, explosion, lightning, earthquake, riot & strike, malicious damage, storm, flood, burst pipes and impact.

Section B: Burglary

Burglary This option compensates you for any loss or damage to property you have insured as a result of theft or attempted theft accompanied by visible, forcible and violent entry or exit. It is important to note that we will unfortunately not be able to honour your claim if the loss or damage is caused by a member of your household or business staff, or if it is due to a negligent act.

Section C: All Risks

All Risks Under this category, we will compensate you for the accidental loss or damage to portable property that you use outside the premises to run your business. This can include all office electronic equipment (including servers, desktop computers etc), laptops, mobile phones, projectors, camera equipment, workshop tools and so on.

Section D: Public Liability

Public Liability This section covers you as the business owner, or your business itself against legal liability to third parties. A third party in this case is any person other than a member of your business working for you at the time of the occurrence. Our insurance covers you in the event you are sued by a third party for either a death, illness or accidental bodily injury including legal expenses as a result of these occurrences. You are also protected in the event of accidental loss of or damage to property not belonging to you.

Section E: Money

Money This option provides you with cover in the event of loss of your money whilst in direct transit to or from the bank or within your premises, including damage to safes and strong-rooms caused by theft or any attempted theft. It is important to note that we will be unable to honour your claim if you lose money as a result of fraud/dishonesty by your employees or due to their clerical or accounting errors. This also applies to loss of money whilst it is in transit by post or in a locked cash box without evidence of violent or forcible entry, or when your premises are closed for business.

Section G: Employers Liability

Employers Liability This section provides compensation to you as an employer, for any amounts you become legally liable for under common or statutory laws including the cost of defending yourself. These include lawsuits brought forward asking you to pay damages and the legal expenses of the person/suing you as a result of bodily injury by accident or disease arising out of and in the course of their employment. In the unfortunate event of your demise, this section will continue to cover your personal representatives such as your spouse or other members of your family in case you are sued by a third party.