Business Solutions

Aon Business Solutions (ABS) for SME’s

As a small or medium commercial enterprise there’s a lot to think about when it comes to your insurance cover and risk solutions. Maintaining your profitability is always on your mind – together with the risks you face that could change your business in a heartbeat. That’s why Aon Kenya has developed the above ABS policy that offers you the benefit of a service that focuses on risk protection purely for owner-managed businesses.

ABS is multi-insurance product that has been designed to address the unique needs and demands of medium sized enterprises, the policy is intended to offer the business owners distinctive coverage that is simple to understood but with maximum coverage.

All the policies a client may require are wrapped up under one risk note with clearly marked sections for each class of insurance and only one master policy document is issued.

ABS is an idea whose time has come, breaking new grounds for medium sized enterprises and is a must buy for a business enterprise that is looking for an innovative cost effective insurance deal.

The covers under this policy include:-

  • Fire & special perils
  • Consequential Loss
  • Burglary
  • Computer
  • All Risks
  • Money
  • Fidelity guarantee
  • Goods In transit
  • Group Personal Accident
  • Work Injury Benefit Act
  • Employers Liability
  • Public Liability
  • Pedal Cycles

ABS Salient features

  • Competitive premium rates
  • Unmatched policy excess
  • All classes of insurance are under one document
  • It has predetermined competitive rates agreed upon by insurers lower than the market rates
  • Insurers’ issues one Master policy document
  • Easy and simple for client to understand

Aon Contractors’ Comprehensive Insurance.

This is a product designed to reduce costs and headaches on construction projects by covering all parties like the owner, general contractors, sub-contractor and all other parties involved in one umbrella policy that provides single safety.

The range of policies provided by this broad cover involves;

  • Contract work insurance
    This covers against physical loss or damage of project works during the construction period
  • Inland transit
    This policy covers against loss or damage to the goods/materials while on transit by road and is provided on all risk basis.
  • Offsite storage
    This policy is extended to include works on site or offsite and in transit to and from site.
  • Third party liability
    This covers third party liability risk in respect to body harm and property damage that may occur during the construction period making it an essential extension to any construction project.
  • Beneficial occupation
    This policy extends to cover fire and burglary damage to property where there is partial occupancy prior to project completion and handover.
  • Political risk
    This extension protects the project against damage / destruction of physical assets, loss of business, or business interruption due to any politically motivated violence.

Benefits of the cover

  • Economies of large scale since could save up to 50% on cost.
  • Eliminates duplication and gaps in cover by using one insurance company.
  • Handles claims more efficiently by facilitating simplified claims processing.
  • Reduces potential litigation and disputes of insurance companies.
  • Premium is financed at very competitive rates from different financial institution.

Aon crop insurance

The Aon crop insurance provides cover to the insured standing crop, and crops from field to floor against;

1. Loss or damage to growing crop or crop being harvested caused by
  • Drought
  • Hail
  • Fire
  • Windstorm
  • Excessive rain
  • Damage by uncontrollable pests and diseases.
2. Loss or damage to Crop in storage due to
  • Fire
  • Lightning
  • Explosion
  • Special perils
3. Loss or damage during transit to Market against all risks.
4. Loss due to downgrading of quality as a result of defined perils which is always subject to terms and conditions outlined in the insurance policy.

Options of Cover:

  • covers production cost financed by financier
  • covers total production cost financed by financier plus other sources (Kshs/tonne) X Insured Area (Ha)
  • covers long term average

Aon Horse Insurance Cover

The Aon horse insurance policy provides cover for the insures horse against mortality caused by perils such as

  • accidents
  • emergency slaughter
  • illnesses
  • distant rides
  • natural hazards
  • transport(transits within Kenya) as external transit must be declared

This cover can be extended to include

  • death as a result of horse colic, horse sickness and euthanasia
  • access to the premises
  • prevention of loss
  • double insurance
  • presentation, mis-description and non - disclosure
  • rights after an event
  • including loss due to epidemics
  • jurisdiction clause - Kenya
  • including injury as a result of fighting with other horses

Aon Livestock Insurance

The Aon insurance package provides cover for the following,

1. Mortality due to the following perils:
  • Accidental death
  • Fire, lightening, flood and windstorm
  • Diseases
  • Emergency Slaughter on Medical Grounds
2. Theft

Aon Kenya Risk Solutions