Casualty Insurance

LIABILITY INSURANCE

When a person caused harm to another person, he must be responsible for it. This applies whether or not the wrong is committed through fault (with intention) or negligence (without ill but lacking foresight or prudence).

Under Philippine Laws, every person who by an act or omission causes damage to another, there being fault or negligence is obliged to pay for the damages done. This provision is based on the principle of justice, which provides that when a person causes damage to another, a legal relationship is created, whereby the aggrieved person acquires a right to be indemnified by the causing the damage.

Comprehensive General Liability (CGL)

Cover: Charter Ping An pays in behalf of the Insured all sums which the Insured will be legally liable to pay by reason of liability imposed to the Insured by law for compensation due to bodily injury and/or property damage occurring during the period of insurance within the geographical limits as a result of the occurrence and happening in connection with the Insured’s business. The policy also covers supplementary first aid payments as well as defense and litigation expenses.

Comprehensive Personal Liability (CPL)

Cover: Basically the same as the CGL however, the insured premises is the policyholders household. Charter Ping An pays in behalf of the Insured for his/her personal acts and omissions for all sums which the Insured will be legally liable to pay by reason of liability imposed to the Insured by law for compensation due to bodily injury and/or property damage occurring during the period of insurance within the geographical limits of the policy. The policy also covers supplementary first aid payments as well as defense and litigation expenses.

ALL RISK INSURANCE

Covers’ loss or damage to personal effects of the Insured against all risk of direct physical loss from any external cause, subject to the conditions and exclusions of the policy.

GOLFER INSURANCE

Cover:

  • Loss or damage to the Insured’s golf clubs and golfing accessories while inside a recognized golf course premises.
  • Covers damage to the Insured’s golf clubs by breakage while the Insured is playing golf in a recognized golf course.
  • Third Party Liability – covers any liability an insured may incur while playing golf in a recognized gold course resulting to bodily injury to any third party and damage to property owned by a third party.
  • Personal Accident of the Insured while playing golf in a recognized golf course.
  • Medical expenses in connection with bodily injury sustained by the caddy accidentally caused by the Insured while playing golf.
  • Covers expenses related to the celebration of a hole-in-one feat.

PROPERTY OR EQUIPMENT FLOATER

Covers’ loss or damage to equipment (from heavy to portable equipment) of the Insured against all risk of direct physical loss from any external cause, subject to the conditions and exclusions of the policy.

FIDELITY INSURANCE

Provides insurance on the amount of financial loss suffered by the Insured from an employee, who, while acting in capacity, committed acts of fraud and dishonesty.

MONEY INSURANCE

Insurance for loss of money and securities as a result of robbery or any attempt to such act occurring within the premises or outside the premises.