MSC-015: Makit Bizness Insurance

First-loss fire and burglary cover for kiosk owners, artisans and micro-business stock and tools of trade, up to SLE 10,000. From SLE 50 a month.

Cover and benefits

First-loss commercial fire and burglary cover for micro-business stock, tools of trade and fixtures. Schedule of certified benefits and applicable deductibles: • First-loss total combined limit: maximum SLE 10,000 — aggregate per period of insurance. • Burglary (commercial stock and wares): sum insured SLE 6,000 — 10% excess on the assessed loss. • Fire / lightning peril: sum insured SLE 4,000 — nil excess.

Deductible / excess

First-loss aggregate of SLE 10,000 per period of insurance. Burglary: 10% excess on the assessed loss. Fire and lightning: nil.

Terms, warranties and endorsements

• First-loss total combined limit maximum SLE 10,000 — aggregate per period of insurance. • Burglary (commercial stock and wares) SLE 6,000 — 10% excess on the assessed loss. • Fire / lightning peril SLE 4,000 — nil excess. Warranty: reasonable fire safety protocols are observed, electrical switches and non-refrigeration appliances are disconnected at the end of each working day, and flammable fuels are stored in approved metal safety canisters. Cover starts on the date of payment (00:00 hours) and ends at 23:59 hours on the last day of the selected period of cover. The aligned premium for the selected period is a single premium paid in full and is a condition precedent to liability.

Periods of cover

1 month — SLE 50 · 3 months — SLE 120 · 6 months — SLE 210 · 1 year — SLE 400