NEWS

If you have ever had an employee carry a company laptop to a client meeting in Upper Hill, deployed delicate medical equipment to a clinic in Mombasa, or sent a team into the field with expensive surveying tools, you know that corporate assets face daily hazards.

While standard commercial fire and burglary insurance policies protect your business, they usually come with a critical limitation: your equipment is only covered while it is physically inside your registered office premises. The moment an asset leaves your building, your coverage stops.

To bridge this exposure gap, forward-thinking businesses rely on Corporate All Risks Insurance. In this guide, we break down how Mayfair Insurance structures this vital policy, what it covers, and how to secure your business assets today.

What is All Risks Insurance?

Despite its broad name, an “All Risks” insurance policy does not cover every imaginable scenario under the sun. Instead, it operates on a highly secure legal framework: everything is covered except for a specifically documented list of exclusions. While traditional property insurance requires you to prove that a specific event (like a fire) caused the damage, an All Risks policy assumes coverage for any accidental physical loss or damage, unless Mayfair Insurance has explicitly excluded that cause in your policy document.

The Rule of Advantage: If a risk is not written word-for-word in the “Exclusions” section of your Mayfair policy, it is legally covered. This gives corporate entities maximum peace of mind.

What Does Mayfair’s All Risks Insurance Cover?

Mayfair Insurance’s corporate solution is designed to protect items that are fragile, high-value, or constantly on the move. The policy actively steps in to protect your investments across three core areas within your agreed geographical limits:

• Accidental Damage: Sudden physical mishaps, such as an employee dropping a specialized device, liquid spills on critical hardware, or equipment getting crushed during transit.

• Theft and Burglary: Loss of corporate items due to break-ins, vehicle forced entry, or muggings outside the office environment.

• Natural Calamities: Unpredictable environmental hazards, including flash floods, storms, earthquakes, or landslides that damage equipment while in use.

Key Corporate Assets Typically Covered:

• Laptops, Tablets, & Smartphones: Essential tools for your hybrid or field-based workforce.

• Specialized Machinery & Tools: Surveying gear, medical diagnostics equipment, and portable industrial tools.

• Audio-Visual Equipment: High-end cameras, lenses, projectors, and sound systems used by media or corporate communication teams.

The Fine Print: Essential Policy Exclusions

To ensure complete transparency and a smooth claims process, it is important to understand what falls outside of an All Risks policy. Standard exclusions aligned with Mayfair Insurance policies include:

• Wear and Tear: Gradual deterioration, depreciation, rust, mildew, moth, vermin, or damage sustained during cleaning, dyeing, or restoration processes.

• Brittle Items: Accidental breakage of items of a highly brittle nature (unless explicitly negotiated or specified in your custom schedule).

• Cash and Securities: Loss of cash, currency, bank notes, or securities of any kind (these should be protected under a dedicated Money/Cash in Transit policy).

• Geographical Limits: Any loss or damage that occurs outside the specific geographical boundaries agreed upon in your policy schedule.

When Does Your Enterprise Need Corporate All Risks Cover?

Evaluating your day-to-day operations will help determine if your business requires this level of asset protection.

1. You Manage a Mobile or Hybrid Team

If your employees work remotely or split time between home and the office, standard office burglary insurance will not safeguard their company laptops during their commute or while working from a remote location.

2. You Utilize Specialized, High-Value Field Gear

Whether you run an engineering firm, a medical facility, or a media production house, your primary revenue-generating tools operate on the move. A single field accident can stall operations if you have to fund replacements entirely out-of-pocket.

3. Your Operations Extend Beyond Nairobi

If your corporate assets regularly travel across counties or cross international borders, you can customize your geographical limits with Mayfair to ensure your gear remains secure whether it is in Kenya, East Africa, or worldwide.

How to Get Covered with Mayfair Insurance

Securing your business assets with Mayfair Insurance is a seamless, structured process designed to get your team protected without administrative delays.

Protect Your Corporate Assets Today

Don’t let an unexpected accident or theft disrupt your business continuity. Mayfair Insurance Kenya offers robust, adaptable corporate insurance frameworks designed to let your business scale fearlessly.

Ready to safeguard your equipment? * Download the All Risks Proposal Form directly from our portal.