Trinity Brochure Inserts · - Valuable items/Works of art • Valuation of property - Replacement...
Transcript of Trinity Brochure Inserts · - Valuable items/Works of art • Valuation of property - Replacement...
PROPERTY/F IRE INSURANCE
Proper ty /F i re I n su rance p rov ides
comprehens i ve p rotect ion fo r p roper t ies
and asset s aga ins t los s o r damage caused
by f i re o r l igh tn ing and can be ex tended
to cover ear thquake, t yphoon, f lood, o the r
i n su rab le per i l s , and loss o f i ncome f rom
the in su red per i l s .
OPTIONALCOVER
Broad Named Per i l s
Al l ied per i l s (ea r thquake, t yphoon, f lood,
ex tended coverage—exp los ion, smoke
damage, fa l l i ng a i rc ra f t, veh ic le impact, r io t,
s t r i ke and ma l ic ious damage, b road wate r
damage, bu r s t i ng and/or ove r f low ing o f wate r
tanks, apparatus and p ipes )
Property A l l R i sk
Al l r i s k o f sudden and acc identa l phys ica l
los s, des t ruc t ion o f, o r damage to the
p roper ty i n su red except as exc luded
in the po l icy
• Comprehens i ve Genera l /Pe r sona l L iab i l i t y
• Robber y/Bu rg la r y
• Mach ine r y B reakdown
• P la te G lass I n su rance
• Loss o f Money Wi th in and Outs ide Prem i ses
• F ide l i t y Guarantee
• Pe r sona l Acc ident I n su rance
• Bus iness I n te r rupt ion
( fo r commerc ia l and indus t r ia l r i s k )
• Loss o f I ncome
• Cos t o f debr i s remova l
• Expedi t i ng expenses
• Ex t i ngu i shment s and m i t igat ion expenses
• Pro fess iona l fees
• Tempora r y remova l
SPECIALPACKAGESAVAILABLE
(OPTIONAL)
INFORMATIONREQUIRED
FOR PROPERCOVERAGE
ADDIT IONALBENEFITS
• Assu red ’ s name
• Locat ion o f p roper ty
• Type o f p roper ty
• Proper t ies to be in su red
- Bu i ld ing
- Content s
- Mach ine r ies and equ ipment
- S tocks
- Va luab le i tems/Work s o f a r t
• Va luat ion o f p roper ty
- Rep lacement va lue
- Sound va lue
- Fa i r mar ke t va lue
• Mor tgagee, i f app l icab le
• Loss h i s to r y
SPECIAL R ISK& ENGINEERINGINSURANCE
Spec ia l R i s k and Eng ineer ing In su rance
i s a spec ia l l i ne o f p roper ty i n su rance
that p rov ides coverage fo r mach ine r y
and equ ipment, bu i ld ing s t ruc tu res
under cons t ruc t ion, and othe r
eng ineer ing wor k s.
CONTRACTOR ’SALL R ISK (CAR)/
ERECTIONALL R ISK
INSURANCE(EAR)
cover s los s o r damage f rom any cause
wh i l s t i n the cont ract s i te—f rom complet ion o f
un loading un t i l , i n the case o f the wor k s, t he
exp i r y o f i n su rance; i n the case o f cons t ruc t ion
p lant, t he commencement o f load ing fo r
d i spatch f rom s i te o r the exp i r y o f i n su rance.
f i re / l igh tn ing, natu ra l pe r i l s /act s o f natu re,
lands l ip/ subs idence, acc identa l damage,
co l l i s ion, co l lapse, impact, the f t, ma l ic ious
damage, b reakdown and exp los ion, fau l t s
i n cons t ruc t ion/e rect ion, neg l igence, lack o f
s k i l l /exper ience, sho r t c i rcu i t i ng, a rch ing,
excess vo l tage
cons t ruc t ion p lant and equ ipment, th i rd par ty
l iab i l i t y i nc lud ing v ib rat ion, remova l , and
weaken ing o f suppor t ; i n land t rans i t, debr i s
remova l , p ro fess iona l fees, expedi t i ng cos t,
own su r round ing p roper t ies, o f f s i te s to rage,
cover fo r tes t i ng and commi s s ion ing,
consequent ia l los s fo l low ing de fect s, cove r fo r
r io t, s t r i ke and c iv i l commot ion, ma in tenance
per iod, tempora r y fac i l i t ie s
cover s a l l r i s k o f sudden and un fo reseen
phys ica l los s, des t ruc t ion, o r damage
inc lud ing but not l im i ted to: f i re / l igh tn ing,
w inds to rm, t yphoon, f lood, ear thquake, t ida l
wave, exp los ion, smoke damage, fa l l i ng
a i rc ra f t and veh ic le impact, e lect r ica l i n j u r y,
bush f i re, wate r damage, lands l ide,
subs idence, co l lapse, r io t s t r i ke and c iv i l
commot ion, ma l ic ious act s, sp r i n k le r and
re la ted f i re f igh t i ng apparatus leakage,
bu rg la r y, robber y, the f t, acc identa l d ropping,
fau l t y operat ion, lack o f s k i l l , bad wor kmansh ip
RISKCOVERED
EXTENSIONSOF COVERAVAILABLE
INFORMATIONREQUIRED
FORPROPER
COVERAGE
ELECTRONICEQUIPMENTINSURANCE
(EEI)
For CAR/EAR
• Assu red ’ s name
• Address /Locat ion o f s i te
• Natu re o f p ro ject
• Du rat ion
• Pro ject cos t
• L im i t o f l iab i l i t y (3 rd par ty )
• Copy o f cont ract
For EE I
• Assu red ’ s name
• Address
• Natu re o f bus iness
• Te r r i to r ia l /Geograph ica l l im i t s
( fo r mobi le equ ipment )
• L i s t o f e lect ron ic equ ipment to be in su red
• Sum in su red
(va luat ion—rep lacement cos t—new)
CA SUALTY& L IABIL ITYINSURANCE
Casua l t y I n su rance i s cove rage fo r los s
a r i s i ng f rom unexpected event s such as
acc ident s, wh i le L iab i l i t y I n su rance p rotect s
aga ins t c la ims due to neg l igence resu l t i ng
to bodi l y i n j u r y o r p roper ty damage.
COMPREHENSIVEGENERALL IABIL ITY
protect s the in su red agains t lega l l iab i l i t y fo r
p roper ty damage o r bodi l y i n j u r y a r i s i ng out
o f the owner sh ip, ma in tenance, o r use o f the
p rem i ses and a l l t he operat ions that a re
necessa r y o r i nc identa l to the bus iness
(p rem i ses operat ions )
The coverage may be extended to inc lude:
• E levato r s /Esca lato r s L iab i l i t y—answer s
fo r lega l l iab i l i t y o f the assu red fo r the
owner sh ip, ma in tenance, o r use o f any
e levato r /esca lato r
• I ndependent Cont racto r s—answer s fo r lega l
l iab i l i t y due to operat ions pe r fo rmed fo r
t he in su red by independent cont racto r s
• Product L iab i l i t y—protect s the in su red fo r
lega l l iab i l i t ie s that may occu r fo r p roducts
manu factu red, so ld, o r d i s t r ibu ted that
cause bodi l y i n j u r y o r damage to the i r
cus tomer s
• Employe r ’ s L iab i l i t y I n su rance—protect s the
i n su red f rom lega l l iab i l i t y to pay damages
because o f bodi l y i n j u r y by acc ident o r
d i sease, i nc lud ing death o f an emp loyee o f
the in su red a r i s i ng out o f and in the cou r se
o f emp loyment
• Automobi le L iab i l i t y I n su rance—protect s the
i n su red f rom lega l l iab i l i t y to pay damages
because o f bodi l y i n j u r y o r p roper ty
damage to th i rd par t ies caused by
an occu r rence and a r i s i ng out o f the
owner sh ip, ma in tenance, o r use—inc lud ing
load ing and un loading—of any automobi le
• Food and Dr in k s L iab i l i t y—pays fo r the
i n su red ’ s lega l l iab i l i t y fo r bodi l y i n j u r y o r
i l l ness d i rect l y caused by food po i son ing
( l iqu ids i nc luded) o r the p resence o f
de le te r ious mat te r s i n such food o r d r i n k s
CRIMEINSURANCE
PROPERTYFLOATER
INSURANCE
INFORMATIONREQUIRED
FOR PROPERCOVERAGE
• Money In su rance—pays fo r los s o f money
and secu r i t ies i n s ide and out s ide (money
rou tes ) the assu red ’ s p rem i ses, due to
robber y o r bu rg la r y
• F ide l i t y Guarantee—cover s aga ins t act s o f
d i shones ty f rom emp loyees and non-th i rd
par ty en t i t ies
cover s p roper ty i n su red agains t mate r ia l
damage and loss on s i te and wh i le
in t rans i t
• Assu red ’ s name
• Locat ion o f p roper ty
• Te r r i to r ia l /Geograph ic l im i t s
• Natu re o f bus iness
• Type o f cover to be app l ied
- L iab i l i t y
- C r ime in su rance
- Proper ty f loate r
• Sum in su red/L im i t o f l iab i l i t y
• F loo r a rea occup ied
• L i s t /Desc r ip t ion o f p roper ty i n su red—
fo r f loate r
• Secu r i t y sy s tem/Manner o f conveyance—
fo r money in su rance and f loate r
• L i s t o f regu la r emp loyees/
Pos i t ion—fo r f ide l i t y guarantee
• Loss h i s to r y
COMPREHENSIVEMOTORCARINSURANCE
Comprehens i ve Moto rcar I n su rance p rov ides
fu l l p ro tect ion fo r a l l damages and losses
to the in su red veh ic le, i nc lud ing l iab i l i t ie s
that may be incu r red fo r i t s u se.
OWNDAMAGE
cover s to ta l los s o r par t ia l damage to you r
ca r, sub ject to the l im i t o f l iab i l i t y as s ta ted
in the po l icy, f rom the fo l low ing causes :
by acc identa l co l l i s ion o r ove r tu rn ing, f i re,
l igh tn ing, ex te rna l exp los ion, se l f - ign i t ion,
ma l ic ious act s by othe r s, and damage
sus ta ined wh i le i n t rans i t
pays fo r los s o f veh ic le sub ject to the l im i t
o f l iab i l i t y, as s ta ted in the po l icy, and/or i t s
dec la red accesso r ies such as rad io, s te reo,
a i r -cond i t ione r s, tape deck, mag whee l s, and
equa l i ze r s
• Volun ta r y Th i rd Par ty L iab i l i t y—prov ides you
w i th Excess Th i rd Par ty Bod i l y I n j u r y on top
o f the Compu l so r y Th i rd Par ty L iab i l i t y
(CPTL) requ i red by law, p lus Th i rd Par ty
Proper ty Damage p rotect ion
• Passenger Pe r sona l Acc ident—coverage
fo r 5 per sons o r more the seat ing capac i t y
o f the veh ic le, i nc lud ing the d r i ve r, wh i le
board ing, a l igh t i ng f rom, o r r id ing in the
i n su red veh ic le
• Acts o f God—coverage agains t natu ra l
pe r i l s such as t yphoons, f loods, ea r thquakes,
vo lcan ic e rupt ions, and othe r act s o f natu re
• R iot, S t r i ke, and C iv i l Commot ion—extens ion
to cover los s o r damage to in su red veh ic le
due to r io t, s t r i ke, and c iv i l commot ion
THEFT
INFORMATIONREQUIRED
FORPROPER
COVERAGE
• Assu red ’ s name
• Locat ion ( i .e. Luzon, V i sayas, M indanao)
• Types o f cover to be app l ied
• Desc r ip t ion o f un i t
• Fa i r mar ke t va lue
• Sum in su red/L im i t o f l iab i l i t y
• Mor tgagee, i f app l icab le
• Loss h i s to r y
MARINE CARGOHULL & AVIATION
INSURANCEMar ine Cargo In su rance i s cove rage agains t
los s o f o r damage to in -t rans i t ca rgo ove r
wate r ways, land, and a i r. Mar ine Hu l l I n su rance
i s i n su rance p rotect ion agains t los s o f o r
damage to a sh ip. Av ia t ion In su rance i s
i n su rance coverage fo r a i rc ra f t s and fo r
the damage, i n j u r y, o r los s o f l i fe.
Marine Cargo Insurance covers against
loss or damage to cargo due to: f i re,
exp los ion, s t rand ing, g round ing and s in k ing
o f vesse l , ove r tu rn ing o r de ra i lment o f land
conveyance, co l l i s ion w i th any ex te rna l
ob ject, d i scharge o f ca rgo at a par t o f
d i s t res s, ea r thquake, vo lcan ic e rupt ion o r
l igh tn ing, genera l ave rage sac r i f i ce, je t t i son,
wash ing ove rboard, wate r damage, to ta l los s
o f package wh i l s t load ing onto o r un loading
f rom vesse l o r c ra f t, and expenses i ncu r red
to m in im i ze loss.
Marine Hu l l Insurance i s insurance
coverage for the sh ip or vesse l ’ s hu l l
such as : los ses due to to ta l los s o f the vesse l
o r expenses due to repa i r o r damages to the
vesse l ’ s hu l l , mach ine r y, o r equ ipment ; los ses
due to the vesse l be ing m i s s i ng ; vesse l ’ s sha re
in los ses, expenses, and cont r ibu t ion a l lowed
in genera l ave rage; necessa r y and p roper l y
i ncu r red expenses fo r the sa lvage o f the
vesse l ; and necessa r y and reasonable
expenses fo r p revent ing, m in im i z ing the los s,
o r asce r ta in ing i t s ex ten t. The coverage
ex tends to cover : los s o f h i re, war r i s k s,
and p rotect ion and indemn i t y fo r th i rd
par ty l iab i l i t y.
INFORMATIONREQUIRED
FOR PROPERCOVERAGE
Aviat ion insurance covers the ai rcraf t
against the phys ical loss or damage dur ing
i t s f l ight, tax i ing, wh i l s t being moored,
grounded, w i th rotors in mot ion, and
wi th rotors not in mot ion/ ingest ion. The
coverage extends to cover : lega l l iab i l i t y
to th i rd par t ies fo r bodi l y i n j u r y i nc lud ing
death, and acc identa l damage to p roper ty
a r i s i ng out o f the in su red ’ s operat ion and/or
owner sh ip o f the a i rc ra f t ; passenger lega l
l iab i l i t y fo r bodi l y i n j u r y and/or p roper ty
damage to passenger s wh i l s t board ing,
a l igh t i ng f rom, o r t rave l l i ng in the a i rc ra f t ;
and p i lo t pe r sona l acc ident i n su rance.
• Assu red ’ s name
• Voyage rou te
• F requency o f voyage
• Type o f cover to be app l ied
- Cargo
- Hu l l
- Av ia t ion
• Deta i l s o f vesse l /A i rc ra f t
• Conveyance
• Geograph ica l l im i t
• Sum in su red
• Mor tgagee, i f app l icab le
• Loss h i s to r y
BONDSBonds a re in s t rument s o f guarantee that w i l l
secu re compl iance and per fo rmance o f
an ob l igat ion o r an under tak ing requ i red
by law o r cont ract.
CLA SSIF ICATIONOF BONDS
Contractor ’ s Bond: cove r s cont ract s fo r
cons t ruc t ion and eng ineer ing, as we l l as
supp ly, de l i ve r y, i n s ta l la t ion, and se r v ice
cont ract s
• B id bond
• Pe r fo rmance bond
• Guarantee bond
Customs Bond: an under tak ing where in
the p r i nc ipa l and the su re ty b ind themse lves,
mu tua l l y and seve ra l l y to pay the Bu reau
of Cus toms, i f t he fo rmer fa i l s to per fo rm
i t s under tak ing
• Sh ipment bond
• Impor t /Expor t bond
• Cus toms b roke r ’ s bond
• Warehous ing bond
• Po r te rage bond
• A r ras t re bond
J ud ic ia l Bond: requ i red by cou r t s o f j u s t ice
or admin i s t ra t i ve bodies c lo thed w i th
quas i - j ud ic ia l power s i n connect ion w i th
j ud ic ia l p roceedings conducted befo re them
• Admin i s t ra to r ’ s bond
• Rece ive r bond
• A t tachment bond
• I n j unct ion bond
• Super sedeas bond
• He i r ’ s bond
• Ba i l bond
Guarantee Payment Bond: an under tak ing
to guarantee the payment o f money in
accordance w i th law o r cont ract
•Prom i s so r y note bond
•Su re ty bond
•Deale r agreement
•Sa les agreement
•Lease agreement
INFORMATIONREQUIRED
FOR PROPERCOVERAGE
License and Permi t Bond: requ i red by the
government to guarantee compl iance w i th the
te rms and cond i t ions o f a l icense and perm i t
g ranted to operate a par t icu la r bus iness o r
exe rc i se a par t icu la r p r i v i lege
• F i she r y bond
• Schoo l bond
• B roke r ’ s bond
• F i rea rm bond
• Imm ig rat ion bond
Fidel i ty Bond: under takes to indemn i f y the
emp loye r aga ins t los s o f money, secu r i t ies,
and othe r p roper ty, resu l t i ng f rom any
f raudu len t o r d i shones t act commi t ted by
any o f h i s emp loyees whethe r act ing a lone
or i n co l l u s ion w i th o the r s
For Partnersh ips/Corporat ions
• Company documents
( FS/ ITR/company p ro f i le, e tc. )
• Cont ract agreement
For Indiv idual/S ingle Propr ietorsh ip
• Bus iness pe rm i t /FS/ ITR
• Cont ract agreement
For Judic ia l Bonds
• Cou r t dec i s ion/Order /Reso lu t ion
SPECIALTYCOVERAGE
OF D&O,S&T/POLIT ICAL
VIOLENCE, STP, ETC.
STAND-IN IMAGE
DIRECTORSAND OFFICERS
LIABIL ITYINSURANCE
COVERAGE
D&O Insu rance cover s you fo r pe r sona l
l iab i l i t y that a r i ses f rom you r management
o f a corporat ion/ foundat ion/assoc iat ion .
I t a ims to p rotect you r pe r sona l asset s when
you a re a l leged to have made w rongfu l
act ions o r dec i s ions.
The Insured
• Pas t, p resent and fu tu re d i recto r s
and o f f ice r s o f the company
• Pos i t ion be ing he ld at the t ime
the act was commi t ted
• D i recto r s and o f f ice r s o f the company
and i t s subs id ia r ies (except fo r subs id ia r ies
w i th a separate cover )
• D i recto r s i n a f f i l ia te compan ies but on l y
those rep resent ing the in te res t o f the
i n su red company and i t s subs id ia r ies ;
does not cover d i recto r s o f o the r
sha reho lder s
• Ret i red d i recto r s cover i n case o f
non- renewal o r non- rep lacement o f po l icy
Wrongfu l Act
• A l legat ion o r Actua l
• B reach o f du ty, B reach o f t r u s t, Neg lect,
E r ro r, M i s s ta tement, M i s lead ing s ta tement,
Omi s s ion, B reach o f war ran ty o r au tho r i t y
o r Othe r act done o r w rong fu l l y a t tempted
by any d i recto r o r o f f ice r
• Capac i ty as d i recto r /o f f ice r
Claims Made Pol icy – i nd icates that
the w rong fu l act shou ld be w i th in the
po l icy pe r iod
• Date commi t ted
• Date d i scovered
• Date repor ted to in su re r
Retroact ive Cover
• Fu l l : c la ims -made po l ic ies that e l im inate
cove rage fo r c la ims p roduced by w rong fu l
act s that took p lace p r io r to a spec i f ied
date, even i f t he c la im i s f i r s t made du r ing
the po l icy pe r iod ; f rom the date o f the
company ’ s i ncorporat ion ( sub ject to
i n su re r ’ s approva l )
• I ncept ion date: f rom the incept ion date
o f the f i r s t po l icy i s sued
Known Acts and Ci rcumstances –
means i n su red ’ s
• Duty to d i sc lose
• Pr io r to po l icy pe r iod o r cont inu i t y date –
not covered
Loss that the insured may incur,
the D&O pol icy w i l l pay for :
• Damages awarded o r j udgments en te red
• Set t lement s negot ia ted w i th the in su re r ’ s
consent
• Lega l cos t and expenses awarded vs.
t he in su red but on l y i n connect ion w i th
a j udgment wh ich i s cove red in accordance
w i th the po l icy te rms
• De fense cos t ( i nc lud ing de fense cos t
fo r emp loyment- re la ted/ labor cases )
Claims Made Pol icy – i nd icates that
the w rong fu l act shou ld be w i th in the
po l icy pe r iod
• Date commi t ted
• Date d i scovered
• Date repor ted to in su re r
Retroact ive Cover
• Fu l l : c la ims -made po l ic ies that e l im inate
cove rage fo r c la ims p roduced by w rong fu l
act s that took p lace p r io r to a spec i f ied
date, even i f t he c la im i s f i r s t made du r ing
the po l icy pe r iod ; f rom the date o f the
company ’ s i ncorporat ion ( sub ject to
i n su re r ’ s approva l )
• I ncept ion date: f rom the incept ion date
o f the f i r s t po l icy i s sued
Known Acts and Ci rcumstances –
means i n su red ’ s
• Duty to d i sc lose
• Pr io r to po l icy pe r iod o r cont inu i t y date –
not covered
Loss that the insured may incur,
the D&O pol icy w i l l pay for :
• Damages awarded o r j udgments en te red
• Set t lement s negot ia ted w i th the in su re r ’ s
consent
• Lega l cos t and expenses awarded vs.
t he in su red but on l y i n connect ion w i th
a j udgment wh ich i s cove red in accordance
w i th the po l icy te rms
• De fense cos t ( i nc lud ing de fense cos t
fo r emp loyment- re la ted/ labor cases )
PROFESSIONALINDEMNITY
INSURANCE
Pro fess iona l I ndemn i t y cover s the per son o r
consu l tan t p rov id ing adv ice o r o the r se r v ices
that a re exposed to c la ims o f a “ p ro fess iona l
l iab i l i t y ” natu re.
Pro fess iona l s requ i re cover to p rotect them
agains t the potent ia l f i nanc ia l bu rden o f
l i t igat ion and to he lp p rotect the reputat ion
o f the i r p ract ice, the i r i n teg r i t y, and the i r
pe r sona l asset s.
Why i s P I cover needed?
I f a par ty su f fe r s f i nanc ia l los s a f te r re l y i ng on
the adv ice o f a p ro fess iona l , he/she may have
the r igh t to sue fo r the loss.
Cover fo r lega l cos t s and expenses a re
impor tant, as l i t igat ion invo lv ing p ro fess iona l s
i s o f ten complex .
I t i s c ruc ia l that p ro fess iona l s have access to
spec ia l i zed and qua l i t y lega l rep resentat ion
to sa feguard the i r i n te res t s and reputat ion in
the mos t e f fect i ve way.
Scope of Cover
He lps p rotect p ro fess iona l s aga ins t lega l
l iab i l i t y fo r b reach o f p ro fess iona l du ty i n
the conduct o f the i r p ro fess iona l bus iness
p ract ice.
Claims – po l icy cover c la ims f i led agains t
d i recto r s and o f f ice r s
• On ly the d i recto r /o f f ice r i s p ro tected.
Does not cover the company l iab i l i t y.
Opt ions to inc lude En t i t y / Company L iab i l i t y
fo r Emp loyment Pract ices and Secu r i t ies
C la ims on ly (under s tand-a lone D&O Po l icy ) .
• Admin i s t ra t i ve p roceedings – lega l
compu l s ion to at tend ; de fense cos t cover ;
no w rong fu l act but an inqu i r y i s conducted
e.g . i nqu i r ies conducted by government
agenc ies.
• C iv i l p roceedings – both de fense cos t
and award o f damages regard less o f
the outcome o f the case
• Cr im ina l p roceedings
- I n case o f acqu i t ta l – de fense cos t
c la imab le agains t the po l icy
- I n case o f conv ic t ion – de fense cos t
shou ld be re tu rned to the in su rance
company as c r im ina l act s cannot be
i n su red
D&O Insurance Coverage Benef i t s
• Pro tect s the per sona l asset s o f the d i recto r s
and o f f ice r s and those o f the i r spouses and
es ta tes.
• Pro tect s the ba lance sheet o f the company.
• A t t ract s and re ta ins qua l i f ied out s ide/
i ndependent d i recto r s.
• Ensu res funds a re ava i lab le fo r the de fense
o f the d i recto r s and o f f ice r s when the
company ’ s resou rces a re not ava i lab le.
SABOTAGE ANDTERRORISM/
FULL POLIT ICALVIOLENCE
COVER
• Cos t s o f I T exper t s :
- To dete rm ine the ex ten t o f damage
o f e lect ron ic data due to a b reach
o f data secu r i t y
- Cos t o f res to r i ng, rec reat ing,
o r reco l lect ing los t /co r rupted data
- Rev iew reason o f b reach and f i x the sy s tem
• Cyber ex to r t ion – ex to r t ion los s pa id to end
a secu r i t y th reat agains t the in su red
• Networ k i n te r rupt ion – cos t i ncu r red and
los s o f net i ncome as a resu l t o f networ k
i n te r rupt ion o r c loud fa i l u re
Cyber Cr ime Insurance Cover :
• The cos t s o f fo rens ic exper t s to es tab l i sh
what data was s to len f rom wh ich ind iv idua l s
• The cos t s o f not i f y i ng the m i l l ions o f
i nd iv idua l s whose data had been s to len
• The cos t o f c red i t mon i to r i ng fo r the
a f fected ind iv idua l s to make su re they
su f fe red no ongoing losses a f te r the
i n fo rmat ion the f t
• The cos t s o f a lega l b reach coach
to p repare the bus iness fo r i nves t igat ion
• The cos t o f rep resent ing and defend ing
the bus iness i n the ensu ing lega l act ion
that was b rought agains t them
• The cos t s o f PR consu l tancy to adv i se
and gu ide the f i rm w i th i t s ex te rna l med ia
commun icat ions concern ing the event
Provides cover for :
• Set t lement s
• Compensato r y damages
awarded agains t i n su red
• Lega l cos t s and expenses assoc iated
w i th de fend ing lega l act ions
Major Categor ies of Profess ions Covered
• Accountant s
• A rch i tect s and Eng ineer s
• Bus iness Process Outsou rc ing (BPO)
• Data P lus
• I n su rance B roke r s
• Management Consu l tan t s
• Mu l t imed ia
• Proper ty Managers
• Rea l Es ta te Agents
• Rec ru i tment Agent s
• So l ic i to r s /Lawyer s /Lega l
• Te lecommun icat ions
Protect ion agains t b reach o f con f ident ia l
i n fo rmat ion .
• Prov ides p rotect ion agains t c la ims
due to b reach o f con f ident ia l cus tomer s ’
i n fo rmat ion (pe r sona l and corporate
i n fo rmat ion) .
• Prov ides fees, cos t s, and expenses fo r lega l
adv ice in connect ion w i th an inves t igat ion
by the Data Protect ion Autho r i t y.
P ro tect ion agains t Cyber A t tacks
• Reputat ion p rotect ion – cos t s i n repa i r i ng
company ’ s and ind iv idua l ’ s reputat ions
• Not i f icat ion and mon i to r i ng cos t s – cos t s
due to requ i red d i sc losu re o f data b reach
CYBER CRIMEINSURANCE
SUMMARYOF COVERAGE
UNDERSTANDINGTHE R ISK
Terror i sm and Sabotage Cove r
Cover s los s o r damage caused by
the fo l low ing :
• Act o f Te r ro r i sm - means an act o r se r ies
o f act s, i nc lud ing the use o f fo rce o r
v io lence, o f any per son o r g roup(s ) o f
pe r sons, whethe r act ing a lone o r on beha l f
o f o r i n connect ion w i th any o rgan izat ion( s ) ,
commi t ted fo r po l i t ica l , re l ig ious, o r
ideo log ica l pu rposes i nc lud ing the in ten t ion
to in f l uence any government and/or to put
the pub l ic i n fea r fo r such pu rposes.
• Act o f Sabotage - means a subver s i ve act
o r se r ies o f such act s commi t ted fo r
po l i t ica l , re l ig ious, o r ideo log ica l pu rposes
i nc lud ing the in ten t ion to in f l uence any
government and/or to put the pub l ic i n fea r
fo r such pu rposes.
Fu l l Pol i t ical V io lence
Cover s los s o r damage caused by
the fo l low ing :
• Act o f te r ro r i sm
• Sabotage
• R io t s, s t r i kes, and/or c iv i l commot ion
• Mal ic ious damage
• I n su r rect ion, revo lu t ion, o r rebe l l ion
• Mut iny and/or coup d ’é tat
• War and/or c iv i l wa r
The re a re va r ious de f in i t ions o f what i s
i nc luded in a th roughput p rogram.
The b roades t wou ld be:
The Mar ine S tock Th roughput I n su rance
Program i s an a l l - i nc lu s i ve po l icy cover ing
goods f rom the t ime an assu red assumes an
in te res t i n the goods un t i l t he i r i n te res t ceases.
“ Th i s i n su rance he reunder a t taches f rom
the t ime the sub ject mat te r becomes at the
Assu red ’ s r i s k o r the Assu red assumes in te res t
and cont inues wh i le the sub ject mat te r i s i n
Trans i t and/or i n S to re, on Exh ib i t ion o r
e l sewhere, i nc lud ing wh i le he ld as S tock
and/or a t the Assu red ’ s S to res and/or Out le t s
and/or i n Conso l idat ion/Deconso l idat ion
Po in t s and/or Process ing. Assembly,
Renovat ion, and Repai r whethe r o r not
i n the due cou r se o f t rans i t. ”
Cradle-to-Grave Coverage: Th i s w i l l i nc lude
ocean t rans i t s (a i r o r vesse l ) and in land
t rans i t s a t p rocesso r s, warehouses, exh ib i t ions
o r t rade shows, and re ta i l locat ions.
What i s a Stock Throughput?
• Goods in t rans i t
• Goods in s to rage o r p rocess ing
• Reta i l locat ions
• One compos i te ra te agains t sa les /
o r a combined approach w i th f la t
s to rage p rem ium
• And more…
What Property i s covered in a
Stock Throughput?
• Raw goods and f i n i shed goods
• Goods in p rocess /p rocess ing
• “ Goods o f a l l k i nd ”
• Pe r sona l p roper ty
• Bu i ld ing coverage
• Bus iness i n te r rupt ion/ cont ingent b i
• Sa lesman ’ s samp les
• Exh ib i t ion
• New ly acqu i red locat ions
STOCKTHROUGHPUT
INSURANCE
Where i s Property covered in a
Stock Throughput?
• Wor ldw ide coverage
• I n su red ’ s own locat ion
• Reta i l locat ions
• Warehouse, p rocess ing locat ions, and DCs
• Exh ib i t ions
• Unnamed locat ions
• Th i rd par ty locat ions
Benef i t s o f a Throughput
• A s ing le a l l - i nc lu s i ve wor ldw ide po l icy
cove r ing goods, whethe r f i n i shed
o r o the r w i se, i n t rans i t o r o the r w i se,
on an A l l R i s k bas i s .
• Coverage fo r goods in s to rage/detent ion/
p rocess ing w i thout t ime l im i ta t ions.
• Po l icy ra te agains t sa les.
Th i s i s a “Non- repor t i ng ” Po l icy.
• Low deduct ib les on goods
i n s to rage/detent ion .
• L im i t s o f l iab i l i t y fo r s to rage/ invento r y
i n excess o f $100 m i l l ion per locat ion
ava i lab le.
• Coverage inc lus i ve o f w inds to rm,
f lood, and quake.
• Compet i t i ve ra t ing.
• Goods a re in su red agains t “ Se l l i ng Pr ice ” .
• Loca l f ron t ing po l ic ies ava i lab le
i f /when requ i red.
OTHERSERVICES
STAND-IN IMAGE
EMPLOYEEBENEFIT
PLAN DESIGN
INSURANCEPOLICY AUDIT
AND RISKMANAGEMENT
CLAIMSMANAGEMENT
At Tr i n i t y, we don ’ t s imp ly o f fe r you
“ i n su rance”—we c reate p rograms that a re
at ten t i ve and re levant to the needs and
exper iences o f you r bus iness.
We beg in w i th a tho rough rev iew o f you r
ex i s t i ng po l ic ies and dete rm ine i f cove rage
i s app l icab le and l im i t s a re adequate.
Cos t-e f fect i veness and c la ims h i s to r y
a re l i kew i se taken in to cons ide rat ion,
wh ich a re a l l facto red in to ou r f i nd ings
and recommendat ions.
Fa i r, respons ive, and t ime ly c la ims se t t lement i s
the corne r s tone o f a t ru l y e f fect i ve in su rance
p rogram. To at ta in th i s, we p rov ide you
w i th un l im i ted c la ims adv i so r y, documentat ion
ass i s tance, coord inat ion w i th ad jus te r s
and f i na l negot ia t ion w i th i n su re r s.
HMO& SHIPOWNER ’S
HEALTHCAREPROGRAMS
FOR SEAFARERSHMO or Hea l th Main tenance Organ izat ion
i s a hea l thcare de l i ve r y sy s tem that p rov ides
comprehens i ve hea l thcare and se r v ices fo r
i t s members. I t i s respons ib le fo r the payment
o f an in su red ’ s med ica l expenses, docto r ’ s
fees, hosp i ta l i za t ion, c l i n ic v i s i t s, and othe r
med ica l ca re such as outpat ien t consu l ta t ion
and d iagnos t ics.
The Sh ipowner ’ s Hea l thcare Program fo r
Seafa re r s i s a spec ia l i zed type o f hea l thcare
coverage des igned to cate r to sh ipowner s ’
requ i rement s i n p rov id ing HMO coverage fo r
i t s F i l ip ino seafa re r s when they a re at home
in the Ph i l ipp ines w i th in the i r HMO coverage
po l icy cont ract, as we l l as fo r the i r
dependents.
UNDERWRIT INGREQUIREMENTS
With Ex i s t ing P lan
• Copy o f the cont ract /Schedu le o f bene f i t s
• 9 months u t i l i za t ion repor t
• L i s t o f emp loyees and dependents w i th date
o f b i r t h , c i v i l s ta tus, and cu r ren t p lan cover
• B roke r s on Record (BOR)
Vi rg in Account
• Pre fe r red p lan benef i t s, i f poss ib le
• L i s t o f emp loyees and dependents w i th
date o f b i r t h , c i v i l s ta tus
• B roke r s on Record (BOR)
GROUP TERM L IFE& PERSONALACCIDENT INSURANCE
A year l y renewable te rm l i fe i n su rance,
i t pays the face amount o f the po l icy i n case
a member o f the g roup d ies due to natu ra l
and acc identa l causes w i th in the coverage
per iod ( te rm) .
Th i s po l icy l i kew i se indemn i f ies the in su red
in case o f pe rmanent d i sab i l i t y
o r d i smemberment.
STANDARDLIFE INSURANCE
COVERAGE
STANDARDGROUP
PERSONALACCIDENT
INSURANCECOVERAGE
UNDERWRIT INGREQUIREMENTS
FOR PROPOSALGENERATION
UNDERWRIT INGREQUIREMENTSFOR PROPOSAL
GENERATION
Group Year ly Renewable Term
L i fe Insurance (L IFE)
• 24-hou r coverage agains t los s o f l i fe
due to natu ra l o r acc identa l causes
• I n su rance p rotect ion w i thout
geograph ic l im i t s
• Max imum p rotect ion at the leas t cos t
Benef i t R ider
• Acc identa l Death and D i smemberment
(AD&D)
• Tota l and Pe rmanent D i sab i l i t y I ncome
Bene f i t (TPD IB)
• Te rm ina l I l l ness Bene f i t (T IB )
• Bu r ia l Bene f i t
• Acc identa l Medica l Re imbu r sement
With Ex i s t ing P lan
• Copy o f the cont ract /Schedu le o f bene f i t s
• U t i l i za t ion repor t fo r the pas t 3 year s
• L i s t o f emp loyees and dependents w i th
date o f b i r t h , c i v i l s ta tus, gender, amount o f
i n su rance, pos i t ion/ job leve l
• B roke r s on Record (BOR)
Vi rg in Account
• Pre fe r red p lan benef i t s, i f poss ib le
• L i s t o f emp loyees and dependents
w i th date o f b i r t h , c i v i l s ta tus, gender,
pos i t ion/ job leve l
• Natu re o f bus iness
• B roke r s on Record (BOR)
Accidental Death and Dismemberment
(AD&D) Benef i t R ider
• Bu r ia l Bene f i t
• Acc identa l Medica l Re imbu r sement
With Ex i s t ing P lan
• Copy o f the cont ract /Schedu le o f bene f i t s
• U t i l i za t ion repor t
• L i s t o f emp loyees and dependents w i th
date o f b i r t h , c i v i l s ta tus, gender, amount o f
i n su rance, pos i t ion/ job leve l
• Natu re o f bus iness
• B roke r o f appoin tment
Vi rg in Account
• Pre fe r red p lan benef i t s, i f poss ib le
• L i s t o f emp loyees and dependents
w i th date o f b i r t h , c i v i l s ta tus, gender,
pos i t ion/ job leve l
• Natu re o f bus iness
• B roke r s on Record (BOR)
GROUP MEDICALINSURANCE
Group Medica l I n su rance i s a t rad i t iona l
med ica l scheme w i th an opt ion fo r e i the r
cash less ava i lment o r c la ims re imbu r sement.
Each benef i t has i nne r l im i t s and p ro fess iona l
fees because su rg ica l cases a re sub ject
to Re lat i ve Un i t Va lue.
UNDERWRIT INGREQUIREMENTSFOR PROPOSAL
GENERATION
Basic and Major Medical Benef i t
• Room and board
• Phys ic ian v i s i t
• Su rg ica l fee per schedu le o f operat ion
• Anes thes io log i s t fee 35% o f e l ig ib le
su rgeon ’ s fee
• M i sce l laneous hosp i ta l expenses
• Spec ia l i s t ’ s fee
• Nu r se ’ s fee
Out-Pat ient Benef i t s
• Consu l ta t ion per v i s i t
• Laborato r ies and d iagnos t ics
• Medic ines
Dental Benef i t s (opt ional)
• Ora l exam inat ion
• Ora l p rophy lax i s
• Gum p rob lem consu l ta t ion
• S imp le tooth ex t ract ion
• Tempora r y f i l l i ng
• Ad jus tment / repa i r o f dentu res
• Denta l hea l th educat ion and consu l ta t ion
Annual Phys ical Examinat ion (APE)
(opt ional)
With Ex i s t ing P lan
• Copy o f the cont ract /Schedu le o f bene f i t s
• 9 months u t i l i za t ion repor t
• L i s t o f emp loyees and dependents w i th
date o f b i r t h , c i v i l s ta tus, gender,
amount o f i n su rance
• B roke r s on Record (BOR)
Vi rg in Account
• Pre fe r red p lan benef i t s, i f poss ib le
• L i s t o f emp loyees and dependents w i th
date o f b i r t h , c i v i l s ta tus, gender,
pos i t ion/ job leve l
• B roke r s on Record (BOR)
TRAVELINSURANCE
Trave l I n su rance indemn i f ies los ses and
damages agains t t rave l i nconven iences e i the r
domes t ica l l y o r i n te rnat iona l l y. I t l i kew i se
cover s repat r ia t ion in case o f death wh i le on
t rave l and remunerates the in su red ’ s ident i f ied
dependent i n case o f acc identa l death .
The most common r i sks that are covered
by t ravel insurance
• Medica l expenses
• Emergency evacuat ion/ repat r ia t ion
• Tr ip cance l la t ion/ in te r rupt ion
• Acc identa l death, i n j u r y,
o r d i sab lement bene f i t
• Over seas fune ra l expenses
• Tr ip cu r ta i lment
• F l igh t de lay
• Loss, t he f t, o r damage to per sona l
possess ions and money
( i nc lud ing t rave l documents )
• De layed baggage (and emergency
rep lacement o f essent ia l i tems )
• Lega l ass i s tance
• Pe r sona l l iab i l i t y
and ren ta l ca r damage excess
• App l icant ’ s name
• Pe r son/s to be in su red
• I t i ne ra r y
• Depar tu re dates
• A r r i va l dates
• Pre fe r red amount o f i n su rance
UNDERWRIT INGREQUIREMENTSFOR PROPOSAL
GENERATION
HOSPITALINCOME
INSURANCEHosp i ta l I ncome In su rance i s a coverage
that p rov ides a da i l y moneta r y cash benef i t
to an in su red sub ject to a deduct ib le l im i t
i n case o f hosp i ta l con f i nement.
UNDERWRIT INGREQUIREMENTSFOR PROPOSAL
GENERATION
Appl icable to accounts w i th ex i s t ing p lan
and v i rg in accounts
• Pre fe r red schedu le o f bene f i t s
(w i th deduct ib le )
• Headcount o f en ro l lees
• Natu re o f bus iness
• B roke r s on Record (BOR)
OTHERSERVICES
STAND-IN IMAGE
cus tom izat ion o f i n su rance p rograms
acceptab le both on a loca l and in te rnat iona l
se t t i ng. Output i s based on the c l ien t ’ s
p re fe r red ex ten t o f coverage and budget.
a rev iew o f ex i s t i ng in su rance po l icy
cond i t ions and p rov i s ions that i nc lude the
s tudy o f bene f i t l im i t s aga ins t ident i f ied r i s k s,
as we l l as p rem ium and c la ims h i s to r y fo r
poss ib le upgrade, downgrade, o r ove rhau l .
a se r v ice in wh ich we rev iew and fac i l i ta te
the p rocess ing o f c la ims f i led by the c l ien t
w i th the in su rance company fo r a fa i r and
respons ive se t t lement.
a se l f - f unded hea l thcare p rogram where in
we in te rna l l y admin i s te r u s ing the networ k o f
hea l thcare p rov ide r s. The se r v ice i s des igned
fo r la rge compan ies w i th a wor k fo rce o f 500
o r more emp loyees and i s adv i sab le fo r
compan ies, regard less o f s i ze, w i th
a favorab le c la ims los s and ra t io.
a hea l th p romot ion act i v i t y des igned
to inc rease p roduct i v i t y, boos t mora le,
and reduce s t res s the reby reduc ing hea l th
care cos t s.
EMPLOYEEBENEFITS
PLAN DESIGN
INSURANCEPOLICY AUDITS
CLAIMSMANAGEMENT
THIRD PARTYADMINISTRATION
WELLNESSPROGRAM
DEVELOPMENTAND
MANAGEMENT