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Get Marine Insurance Cover Today and Run Your Business with Confidence

BY Soko Directory Team · March 10, 2017 08:03 am

Success is all about taking risks. It is all about encountering challenges. A wise businessperson sees challenges in advance and avoids them for he knows that prevention is better than cure.

As far as importation and exportation of goods to and from Kenya is concerned, the Cooperative Bank of Kenya (Co-op Bank) has ensured that they have a solution. This is through making sure that one’s business runs smoothly without any interruption with their Marine Insurance cover. It is always about making it happen without having to worry about losing anything at any point of running the business.

Marine Insurance Cover, which is an all risk cover is meant for a variety of business people, from big SMEs who import cars, big cargos to people who import personal items like cars, furniture, small retailers like mtumba clothes or even those who are in the business of exporting agricultural products.

There are a lot of people, especially young ones who have ventured into such businesses and with support from Co-op Bank, the businesses are assured of protections at any given time. One will be able to run their businesses with a lot of confidence knowing that they are covered from any type of peril that might come their way.

Marine Insurance being an all risk cover means that it will take care of any damage that may occur to the business. All risks are a wholesome type of insurance coverage only excludes risks that have been specifically outlined in the contract. Everything as far as the business is concerned is in its the right place.

In the event of a claim, a client will have to give a notice to Co-op Bank immediately and give information regarding the loss. This can be done at any Co-op Bank branch country wide, or at the Co-op Bank Insurance department at the head office. The bank will then manage the claims process on your behalf and as it liaises with the insurer who will be needed to appoint a risk surveyor to assess and quantify the loss. Settlement offer will be made as claim is settled on acceptance of the offer.

The whole process has been made as easy as it can be since during a claim, one only needs to have a copy of Marine Certificate, an original bill of lading, a copy of invoice and a claim Form.

There are a number of benefits that come along with registering with the Marine Insurance Cover and they include the following:

  1. All risk coverage
  2. Extended Coverage -Automatic warehouse to warehouse protection
  3. Easy application process
  4. Efficient claim processing
  5. Instant marine certificate generation

Related: CIC Insurance Group Issues Profit Warning

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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