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FIRE

EFU Insurance writes a portfolio comprising a broad spread of quality business relating to industrial, commercial and service activities, including transportation, oil production, manufacturing, engineering, banking, and other miscellaneous services. The business written ranges from simple commercial property risks to the largest and most sophisticated industrial and energy risks.

Client Focus:

The team of EFU Insurance claims and business administration specialist ensure that client's affairs receive immediate and responsive attention, using sophisticated management systems based on the latest information and communication technology. Providing expert advice on the interpretation and consequences of contractual obligations, together with the efficient handling and prompt settlement of claims, underlines the dedication of EFU Insurance to provide the utmost quality of service to clients and a commitment to develop long-term and mutually beneficial relationships with our clients. EFU takes a proactive role in developing innovative solutions, which meet the specific requirements of its clients.

Types of Policies:

Property policies come in three basic types; package, combined and single. Example of package policies is that of a household policy (domestic) and a shopkeeper policy (commercial).

The package policy contains a number of different sections e.g. fire, accidental damage, glass, theft, third party liability, employers liability, goods in transit, money, and the insured usually buys the policy as a whole, although small modifications can be made if required. The cover, limits, and sums insured are standard for each policy issued to the same trade, or section of the market for which it is designed.

A combined policy is one where separate sections are brought together to create a policy which is specific to the needs of the organization insuring. These policies are usually bound by a front and back cover.

The insured can elect to have particular sections included within the policy, which is tailored specifically client by client; i.e. one insured may choose, fire, business interruption, theft and glass coverage, whereas another client may choose fire, theft, glass, money, goods in transit and frozen food coverage, because this would be more particular to his need.

The single policy on the other hand is one where only one type of cover is provided such as fire policy or a theft policy; single policies are however, becoming rarer since the combined policy can be adapted to suit most needs of an organization.

FU covers both medium and large industrial and commercial risks relating to property, including energy complexes.

Scope of coverage is fire and allied perils extending to all risks including difference-in-condition, with both physical damage and business interruption.

EFU leads on a number of major industrial energy accounts and industrial property risks.

EFU is recognized market leader for worldwide marine energy business, with a well-spread, diversified portfolio. It has a highly experienced underwriting team supported by advanced computer systems for accumulation and analysis

Property:

EFU covers both medium and large industrial and commercial risks relating to property, including energy complexes.

Scope of coverage is fire and allied perils extending to all risks including difference-in-condition, with both physical damage and business interruption.

EFU leads on a number of major industrial energy accounts and industrial property risks.

EFU is recognized market leader for worldwide marine energy business, with a well-spread, diversified portfolio. It has a highly experienced underwriting team supported by advanced computer systems for accumulation and analysis.

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