Occidental Insurance Company Limited Products, Contacts and Website

Occidental Insurance Company Limited

Occidental Insurance Company Limited

Occidental Insurance Company Limited was incorporated in 1984 and started transacting insurance business in 1987. During the first year the company did a gross premium of Kshs. 9 million rising steadily to premium of over one billion shilings in 2010.

The first branch in Mombasa was opened in March 1990. At the close of the year 2010, the branch secured business of Kshs. 400 Million.

The business transacted at Occidental Insurance Company Limited is General insurance business whose range of products are Personal lines, Commercial lines, Fire domestic and industrial insurances, Marine insurances, Liabilities insurances, Motor vehicles insurances, loss of profits against Fire/IAR/Machinery breakdowns among others.

The company’s main asset is its employees, who are trained to offer high quality services to the clients of the company. The company has a very strong presence in the Kenyan coast and has deep cultural and business roots in the region

The Occidental Insurance Company Limited holds a significant position in the Insurance sector in the country.

Our strength lies in over 70 qualified and dedicated employees to render better customer services. Our offices are fully computerised backed by qualified and trained staff. Occidental insurance is an equal opportunity employer. The company is considered a great employer and is a place you can grow your career within the insurance industry. The company posts various openings in the dailies and on its website.

Occidental Insurance Company Limited Vision

To be the best insurance provider in Africa

Occidental Insurance Company Limited Mission

We bring peace of mind and satisfaction to our clients through protection from financial risks

Occidental Insurance Company Limited Core Values

  • Customer focus
  • Innovation in response to change in needs
  • Profitabilty
  • Fairness
  • Empowerment and growth for the workforce

Occidental Insurance Company Limited Products/Policies

Accident

All Risk

Provides cover against damage or loss of portable electronic equipment such as laptops, phones, Ipads and projectors

Burglary

  • This is a theft policy which provides cover against unforeseen loss of business stock, furniture, fixtures or fittings.
  • The theft must be characterized by forcible and violent entry into and/or exit from the premises.

Fidelity Gurantee

This policy provides cover against loss of money or business stock that arise out of dishonesty of employees entrusted with such money/goods

Goods In Transit

  • Policy provides cover against loss, destruction or damage of goods whilst in transit from the time of leaving the premises to final delivery.
  • The policy also covers against liabilities that may arise while loading and unloading the goods

Group Personal Accident

  • This policy covers against accidental death or injury to any person within a particular insured group
  • Benefits are paid in case of death, permanent total disablement and temporary total disablement.
  • Medical expenses incurred as a result of accidental injury can be recovered from this policy on reimbursement basis.
  • Funeral expenses incurred as a result of accidental death can also be recovered from the policy on reimbursement basis

Personal Accident Policy

  • The policy covers against accidental injury or death.
  • Benefits are paid in case of death, permanent total disablement and temporary total disablement.
  • Medical expenses incurred as a result of accidental injury can be recovered from this policy on reimbursement basis.
  • Funeral expenses incurred as a result of accidental death can also be recovered from the policy on reimbursement basis.

Engineering

Contactors All Risks

  • This policy provides cover for contract works undertaken by contractor against any unforeseen physical loss or damage.
  • The policy covers the total contract value including cost of materials and equipment and the policy can be extended to cover against legal liability to third parties as well as the contractor’s plant and machinery used in the project.

Electronic Equipment

  • Provides cover for electronic equipment confined to business premises.
  • The policy covers against both accidental loss due to theft and material damage.

Erection All Risks (EAR)

  • Provides cover for erection works undertaken by the contractor against any unforeseen physical loss or damage.
  • The policy extends cover against legal liability to third parties arising out of and in the course of the erection works.

Machinery Breakdown

  • Covers against sudden and unforeseen accidental physical damage to insured’s plant, machinery and equipment while at work or at rest.
  • The policy extends to cover against loss or damage due to faulty operation, adjustment, casting, vibration, entry of foreign objects, loosening of parts, self-heating and centrifugal force.

Fire Insurance

Domestic Package Insurance (Home Insurance)

  • This policy provides cover for your residential building and your house contents against damage by fire and allied perils.
  • The policy also covers against loss of house contents due to theft characterized by forcible and violent entry into/exit from the house.
  • Other portable items like laptops, phones and jewellery are also covered in this policy
  • The policy scope also extends to cover domestic employees against accidental injury/death arising out of and in the course of their duties
  • Legal liability to third parties is also covered under this policy

Fire Industrial

Policy provides cover for your business premises (building) as well as business stock, furniture, fixtures and fittings.

Perils Covered:

  • Fire
  • Lightning
  • Explosion / Implosion
  • Aircraft damage
  • Riot, Strike, Malicious and Terrorism damage (hereinafter called RSMTD Perils)
  • Storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Typhoon and Tornado.
  • Impact by any Rail/ Road vehicle or animal
  • Subsidence / Landslide including rockslide.
  • Bursting and / or overflowing of water tanks, apparatus.
  • Leakage form Automatic Sprinkler Installation.
  • Missile Testing Operation.
  • Pollution or contamination resulting from any of the above perils
  • Any insured peril resulting from pollution and contamination.
  • Bush Fire

Liability

Business Interruption

  • This policy is taken together with a fire policy. The policy covers against loss of income/increased cost of working as a result of interruption due to damage of premises by fire and allied perils.
  • Salaries and wages are also covered

Carriers Liability

Provides cover against actual and physical loss or damage of goods by fire or accident whilst being transported and if such loss can be attributed to negligence by insured or insured’s employees

Employers Liability

The policy offers protection to employers for their legal liability (under common law), for damages and claimant’s costs of lawsuit expenses by an employee. Compensation is paid, where an employee dies or is injured as a result of negligence on the part of employer.

Professional Indemnity

Provides cover against legal liability to insured arising directly out of a negligent act, error or omission made by him during the performance of his duties as a professional man/woman e.g. Architects, lawyers or accountants.

Public Liability

Provides cover against legal liability to third parties. Compensation is paid in case of personal injury to a third party and/or third party property damage

Work Injury Benefits Act (WIBA)

  • Provides cover against accidental injury/death arising out of and in the course of duty
  • This is a cover for occupational risks
  • Benefits include:
  • Death – 8 years earnings
  • Permanent Total Disablement – 8 Years earnings
  • Temporary Total Disablement – weekly earnings up to 104 weeks
  • Medical expenses
  • Funeral expenses

Marine Insurance

Marine Cargo

Provides cover against loss or damage to goods whilst in transit as imports or exports

Marine Hull

Provides cover against loss and/or damage to vessels or ships hull and machineries and other equipment of the vessel including collision and liability to third parties.

Miscellaneous Insurance

Money

The policy provides cover against loss of money whilst in transit, and while at business premises as well as money whilst in the hands of authorized employees

Plate Glass

Covers against breakage to glass fixed in insured premises

Travel Insurance

  • This is a 24 hour cover for travelers.
  • The policy provides cover for medical expenses and assistance, travel delay or cancellation, loss of baggage that has been checked in by the airline, and hijacking.

Motor Insurance

Commercial Vehicle

  • This is insurance for vehicles used for commercial purpose
  • The policy covers against accidental damage or loss to the vehicle and also extends cover against third party liability arising out of use of the car

Private Car

  • This is insurance for your private car.
  • This policy covers against accidental damage or loss to the vehicle and also extends to cover against third party liability arising out of use of the car.

Occidental Insurance Company Limited Contacts

Company Name: Occidental Insurance Company Limited
Telephone: +254 20 2362602, +254 20 8155965/6, +254 20 8024149
Email: occidentalmsa@alfakenya.com
Postal Address: P.O. Box 39459 – 00623, Nairobi

Website: www.occidental-ins.com/

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