Facultative Reinsurance

Allows for the negotiation and individual evaluation of the risk independently, Facultative Support is granted to any particular risk.

Fire and allied lines

Coverage directed to all real and personal property covering damages resulting from fire and allied coverages which are not as a consequence of fire and are not expressly excluded.

Compensation shall be made for material damage caused to the property insured by the direct or indirect action of fire, with the loss or damage caused by fire being equated to damage caused by:

  1. Ray
  2. Explosion
  3. Impact of aircraft, satellites, rockets or other aerial apparatus or objects detached therefrom.
  4. Water or any other extinguishing agent used to extinguish a fire, on the premises occupied by the Insured or on the adjacent premises.
  5. Smoke from a fire originated on the premises occupied by the Insured or on adjacent premises.

Correspond to complementary risks to the fire coverage, for which reason they are included at the Insured’s party request and by means of the corresponding additional premium charge. These additional coverages may only be granted in conjunction with the main Fire Coverage (Basic Coverage). Among these we have:

Extension of Coverage

Riot, labor disturbance, and malicious mischief.

Earthquake or ground shaking.

Water damage

Flood

Loss of Rent

Indirect Losses

Damage to Refrigerated or Frozen Goods 

Breakage of glass and signs.

Demolition, Removal or Cleaning of Debris

Architects, Surveyors and Engineers’ Fees

Reconstruction of Archives.

Coverage of Loss of Profit (upon completion of the corresponding Questionnaire).

Technical Branches of Engineering

Scope of Coverage.

Covers the fixed Equipment installed and in operation against any accidental, internal or external, sudden and unforeseen cause, provided that the Equipment is located within the insured premises.

Scope of Coverage

Covers the fixed equipment installed and in operation against internal damage, provided that the machinery is located within the insured premises.

It is a named perils policy and covers against damage caused by:

Carelessness, and individual malicious acts of the Insured’s personnel or strangers.

The direct action of electrical energy as a result of short circuits, arcing and other similar defects, as well as the indirect action of electricity as a result of action of atmospheric electricity.

Errors in design, defects in construction, casting and use of defective materials.

Defective workmanship and incorrect assembly.

Breakage due to centrifugal force to insured machinery.

Physical explosion to insured machinery. When there are other insurances on the same risk, this coverage is limited only to the property that caused the explosion.

Overheating of the material due to lack of water.

Winds

Foreign bodies introduced into the insured property.

Other accidents occurring to the insured property.

Scope of Coverage:

Covers Contractor’s Equipment, whether operating or not, against any external, sudden and unforeseen accidental cause.

It is an All Risks coverage that covers everything that is not expressly excluded.

Scope of Coverage

This is an All Risks coverage that covers everything that is not expressly excluded, aimed at construction. Temporary policy which may be extended (non-renewable).

 

Basic Coverage:

Main Coverage «A»: covers against physical loss or damage caused by accidental, sudden and unforeseen causes except for the cases expressly excluded therein.

 

Additional Coverages:

Coverage «B»: covers loss or damage directly caused by Earthquakes.

Coverage «C»: Covers loss or damage directly caused by cyclones, hurricanes, storms, winds, floods, flooding, overflow and rise in water level, tidal waves, mudslides,

Coverage «D»: Covers loss or damage occurring during the maintenance period.

 

Additional special coverages that are handled on a sub-limit basis:

Coverage «E»: Civil Liability for Property Damage (damage to property of third parties).

Coverage «F»: Liability for Personal Injury (damage to third parties)

Coverage «G»: Expenses for Removal of Debris.

Coverage «H»: Expenses for Architects’, Surveyors’ and Engineers’ Fees.

Strike, Riot and Civil Commotion.

Acceleration Expenses

Cross Liability

Other Adjacent Properties

Scope of Coverage:

This product offers a complete coverage for the risks involved in the assembly and/or installation and start-up of Machinery, Equipment, Apparatus, Metallic Structures and Complete Plants during their assembly, disassembly, dismantling, start-up and installation, against loss or physical damage caused by accidental, sudden installation, against loss or physical damage caused by accidental, sudden and unforeseen causes in the premises specified in the insurance application.

 

Basic Coverage:

Main Coverage «A»: covers against physical loss or damage caused by external, sudden and unforeseen accidental causes except for those cases expressly excluded in the policy and which are caused as a consequence of:

Errors during assembly.

Individual negligence, carelessness and malicious acts of the workers and employees of the insured or of strangers.

Falling of part of the object being erected, as a consequence of breakage of cables or chains, collapse or slipping of the assembly equipment or other similar accidents.

Robbery with violence and/or destruction of the insured property as a consequence of attempted robbery, provided that the fact has been reported to the competent authority.

Fire, lightning, explosion.

Landslide or rock fall.

Short circuit, arcing, as well as the indirect action of atmospheric electricity.

Falling of aircraft or part thereof, objects carried therein, with the exception of military aircraft with explosives on board.

Other accidents during assembly and, in the case of new aircraft, also during endurance or operational tests.

 

Additional Coverages:

Coverage «B»: Damage directly caused by Earthquakes.

Coverage «C»: Damage directly caused by cyclones, hurricanes, storms, winds, floods, flooding, overflowing and rise of water level, sea, storm, tidal wave, and mudslide. But the Insurance Company shall not be liable for expenses incurred by the Insured manufacturer to correct the errors or defects which caused the damage.

 

Coverage D»: Damages caused by design errors, construction defects, use of defective materials and workmanship defects in the manufacturer’s shop only when the manufacturer or his representative is the insured. However, the Insurance Company shall not be liable for expenses incurred by the Insured manufacturer to correct the errors or defects which caused the damage.

 

 

Special Additional Coverages that are handled on a sub-limit basis:

Coverage «E»: Civil Liability for Property Damage (damage to third parties property).

Coverage «F»: Civil Liability for Damages to People (damages to third parties).

Coverage «G»: Expenses for Debris Removal

Coverage «H»: Expenses for Architects’, Surveyors’ and Engineers’ Fees.

Strike, Riot and Civil Commotion.

Acceleration Expenses

Cross Liability

Other Adjacent Properties.

All Industrial Risks

Covers risks to which large industries and commercial risks with large values are susceptible of great magnitude.

All risks of direct physical loss and/or damage occurring as a consequence of an unforeseen, accidental, sudden and external event to the insured property, provided that they are not expressly excluded.

The additional coverages correspond to risks that are excluded in the General or Particular Conditions, or events complementary to the basic or general coverage of the Branch, for which reason their inclusion is made at the request of the Insured Party and through the corresponding additional premium. These additional coverages may only be granted jointly with the main coverage (Basic Coverage).

Combined Industry and Commerce

Covers risks to which small and medium industry and commercial risks are susceptible.

Basic Fire (damage or loss due to the direct action of fire, and its immediate effects such as heat and smoke, and for damage or loss due to the direct action of fire, and its immediate effects such as heat and smoke and for damage or loss as a result of: Lightning, Explosion, Explosion of: Lightning, Explosion, Impact of aircraft, satellites, rockets or other aerial devices or objects detached therefrom. Water or other extinguishing agent used to extinguish a fire on or adjacent to the insured premises. Hurricane, Windstorm or Storm. Impact caused by animals, vehicles, their parts or transported cargo)

Riot, Riot of the People, Labor Disturbances and Malicious Damage.

Extension of Coverage

Water Damage

Flood

Malicious Damage

Earthquakes

Demolition, Debris Removal and Cleanup 

Architects, Surveyors and Engineers Fees

Fire Extinguishing Expenses

The additional coverages correspond to risks that are excluded in the General or Particular Conditions, or events complementary to the coverage, the basic or general coverage of the Branch, for which reason their inclusion is made at the Insured Party’s request and by means of the corresponding additional premium. These additional coverages may only be granted in conjunction with the main coverage (Basic Coverage).

Shipping

This insurance covers all risks to which the vessel may be subject, according to the conditions and limitations previously agreed upon, with the purpose of safeguarding both the material interests and the liability to third parties, while in operation, in port or on land.

General Liability

This insurance covers damages caused to third parties by the Insured Party, his legal dependents, the people in his service and the things under his custody, derived from acts of the Insured Party, his legal people in their service and the things under their custody, derived from acts of negligence or imprudence.

Theft (Unlawful Removal)

Coverage of all property to cover damage resulting from Robbery, Assault or Robbery, and which are not expressly excluded in the Policy.

Personal accidents

Covers expenses incurred as a result of bodily injuries

Special Risks

Covers the physical loss or damage of the insured property owned by the Insured or under his care, control and custody or which are under its care, while they are within the established territorial limits and provided that the physical loss or damage has been caused in a territorial limits and provided that the physical loss or damage has been caused accidentally, externally, suddenly and unforeseen manner, and that the cause thereof is not expressly excluded.

 

Note: The Coverage of this Branch is very versatile, since it will depend on what it is desired to

cove, both in terms of property and coverages.

Call us for further information. 

Bee Insurance Corp is here to help you anytime. 

We’re available for 24 hours!

CALL US NOW +1 786 782 5313

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Disclaimer


1. The services provided by Bee Insurance have unique limitations depending on the type of product purchased.

 

2.The limitations and exclusions of regular and / or legal use in the country in which the Bee Insurance Product is issued apply.

 

3.The services and products are governed by General Conditions that are informed with the purchase of each Bee Insurance Product and are available to you by entering the web portal www.bee-insurance.com. As well as in the commercial and local Bee Insurance offices where they can be requested in person , by phone or by e-mail.

 

4.Pre-existing conditions have exclusions and limitations.

 

5.Bee Insurance is not an insurance company, but acts as a policyholder for the benefit of its clients.

 

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Atencion


Los servicios proporcionados por Bee Insurance Corp. tienen limitaciones únicas dependiendo del tipo de producto comprado. Se aplican las limitaciones y exclusiones del uso regular y / o legal en el país en el que se emite el producto de Bee Insurance Corp..

Los servicios y productos se rigen por condiciones generales que se informan con la compra de cada producto de seguro y están disponibles para usted ingresando el portal web, así como en las oficinas comerciales de Bee Insurance Corp. y locales donde se pueden solicitar en persona, por teléfono o por correo electrónico.

Las condiciones preexistentes tienen exclusiones y limitaciones. Bee Insurance Corp. no es una compañía de seguros, pero actúa como un titular de póliza en beneficio de sus clientes.

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