PROPERTY/ FIRE INSURANCE Property/Fire Insurance provides comprehensive protection for properties and assets against loss or damage caused by fire or lightning and can be extended to cover earthquake, typhoon, flood, other insurable perils, and loss of income from the insured perils.
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Trinity Brochure Inserts · - Valuable items/Works of art • Valuation of property - Replacement value - Sound value - Fair market value • Mortgagee, if applicable • Loss history
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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