Whether you operate a plumbing supply store or a restaurant, the one thing all businesses have in common is there is always a possibility of loss, injury or damage which can force them out of business. Proper insurance coverage is as important to the long-term success of your operation as your supply chain and customers.
Bahamas First commercial lines policies provide financial protection against loss of or damage to buildings, equipment, stock, contents caused by fire, lightning, explosion, riot and strike, malicious damage, impact by aircraft road vehicles or animals, burst pipes, flood, hurricane, cyclone, tornado, windstorm, tidal, wave and earthquake.Household
If you are like most homeowners, you will probably never need to submit an insurance claim. But no one is immune from misfortune, so it's good to know that you will be reimbursed, within limits, for your financial loss arising from mishaps that are generally "sudden and accidental" and hard to predict and prevent.
We protect you,based on the level of coverage you select, against loss of or damage to your house and its contents caused by fire, lightning explosion, riot and strike, malicious damage, impact by aircraft, road vehicles or animals, burst pipes, theft or attempted theft, flood, hurricane, cyclone, tornado, windstorm, tidal wave and earthquake. Accidental damage to underground pipes and cables and glass and sanitary ware is also covered. Your policy also includes cover for public liability, personal liability and employer's liability up to a limit of $500,000 for any one loss.
You know you need insurance before you can operate any kind of motor vehicle, not just because it's the law, but because you also need to protect yourself financially in case of mishap. We make it easy for you to choose the auto insurance coverage that fits your personal or business requirement.
Commercial and private motor policies cover the minimum liability limit required under the Road Traffic Act of The Bahamas with respect to the death of or bodily injury to third parties.
In addition, the policy may cover accidental loss of or damage to your motor vehicle as well as legal liability for third party property damage and bodily injury to passengers in your vehicle.
If your boat is lost in accident, you are only out of pocket for the value or cost of the boat and its equipment if you are uninsured. But if you cause injury to another person or cause damage to their vessel or property, you may find yourself responsible for paying for their damages plus be out of pocket for your own damages. This policy covers loss of or damage to the vessel caused by fire, external accidental means, of the entire vessel or outboard motors. In addition the policy also covers legal liability to passengers and other third parties for property damage or personal injury or death. Cover can also be provided for loss or damage to cargo while being carried on a ship.
An accident is an unforeseen, unintended and unexpected event that usually results in damage to persons or property. You often hear incidents of burglaries and other mishaps that befall others, but you don't give it a second thought, until it's too late. Bahamas First wants you and your property to be secure against such unexpected happenings. That's why we offer several types of Accident coverage.Burglary
This policy covers loss of or damage to property by theft, (or attempted theft) involving entry to or exit from a building by forcible and violent means.Glass
This policy covers breakage of fixed glass in commercial and industrial premises and public buildings. In addition the policy pays the cost of any necessary boarding up pending the replacement of the glass it being understood that the maximum amount payable is the sum insured.Money
This policy covers loss/destruction or damage to money belonging to the insured or for which he is responsible, by any cause, while being conveyed by an authorised person, or in the insured's premises or in a bank night safe. In addition, this policy covers loss of or damage to the safe or strongroom of the insured as a result of theft or attempted theft of money.
Contractors All Risks
Contractors insurance will give you peace of mind knowing your construction project is covered, so that no matter what happens you won't lose money unnecessarily. People may become injured on your site, and if you don't have coverage, you may find yourself paying their medical bills or fighting them in court. Also, you're covered in the event construction materials or worksite tools and equipment are stolen or vandalized, subject to the policy’s scope and sums insured.Computer all Risks
Call this computer insurance made easy. Bahamas First offers effective protection for your critical IT infrastructure. It covers all risks of physical loss or damage to computers and consequential loss following including costs of recreating data and increase cost of working.
Public Liability or Third Party Insurance covers anyone who is in (or near) your home or business and suffers accidental bodily injury or death, or damage to their property. Examples include a client suing after he slips and falls while touring your factory or a bystander is injured by falling debris during renovations. Coverage can also include protection from claims by trespassers.Personal Liability
Personal Liability Insurance covers the insured from legal expenses and claims for compensation should the insured accidentally injure others or damage their property. A policy can be tailored to cover the liability of both individuals and their family members.
No professional is safe from the chance of being involved in some type of lawsuit. No matter how well you do your job, this is something you don't want to take chances with. You need to take precautions to protect the assets you've worked hard to build.
Liability insurance for professionals, sometimes called "malpractice" or "errors and omissions" insurance, covers Civil Liability for breach of professional duty arising from any act, error or omission committed or alleged to have been committed by professional consultants such as attorneys, accountants, architects etc., in the conduct of their professional business practice.
We have an active property survey programme administered by highly qualified and experienced in-house Surveyors.
Surveys allow us to provide better risk assessments, improve commercial features as well as offer improvement in the scope of benefits and pricing to our policyholders.
The Claims Department provides one of the most important services of an insurance company. When a customer buys a product that Bahamas First provides, he/she purchases a promise that upon the happening of certain specified events (such as: a motor accident, home fire, or employee theft) from which him/she sustains financial loss, the Insurer will step in and, either by repair, replacement or cash payment, put him/her back into the financial position he/she was in prior to the loss. The quality of service provided by the Claims Department is integral in facilitating the delivery of this promise to our clients and in deciding whether clients choose to remain Insured with us, or go elsewhere.
Therefore, the primary function of this Department is to provide superior customer service and manage the processes of claims handling with excellence and integrity. Inherent therein is a responsibility to:
- Take reports of losses from our clients and third parties.
- Establish claim files.
- Conduct investigations.
- Quantify losses.
- Settle claims expeditiously, according to the terms and conditions outlined in the policy, and
- See to recovery issues.
We also provide guidance as our clients and third parties navigate the claims process and seek to ensure that each claimant is offered a fair and satisfactory settlement in a quick and efficient manner.
Anyone can sell you auto insurance. We offer knowledge and peace of mind through a 60 point inspection service that lets you know exactly what the insured value of your vehicle is, so there won't be any surprises if you're in an accident or your vehicle is stolen.
We'll check your engine, wiring, transmission, undercarriage, suspension, and the body, and provide you with a Roadworthiness Certificate, and it's all absolutely free.