SGI- Barbados Bar Association Presentation

Barbados Bar Association

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Sagicor General Insurance Sagicor General Insurance Inc. offers a wide range of insurance protection. As a subsidiary of Sagicor Financial Corporation, we are one of the longest running general insurance companies operating in the Caribbean. We have always maintained a solid reputation for efficiency and excellent customer service, with an impeccable record of settling claims quickly, even in times of a catastrophe. Through sponsorship programs and the overall development of youth, Sagicor General also takes an active role in the communities of which we are a part.

Sagicor General first achieved its A. M. Best rating of A- (Excellent) in the year 2002 and has continued to maintain this rating, which reflects our historically profitable operating performance, prudent underwriting leverage, regional market presence and parental support.

Barbados Bar Association

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Young Professionals Motor Insurance This product seeks to protect our policyholders, their motor vehicles, electronic devices as well as household contents. Sagicor General’s Young Professionals Motor Policy gives policyholders more coverage than any other available standard Motor insurance policy in Barbados. The product acts as a starter policy for those who, for the first time are seeking to acquire insurance or already possess motor insurance which does not provide adequate cover for them or their possessions.

Barbados Bar Association

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Premium Indications Vehicle Value & Engine Size

Premium

Stamp Duty

Young Professionals

Premium

Personal Effects Total Premium $10,000.

(Optional)

$50,000.00 & 1400cc

$2,044.35

$12.50

$2,056.85

$100.00

$2,156.85

$50,000.00 & 1600cc

$2,091.74

$12.50

$2,104.24

$100.00

$2,204.24

$75,000.00 & 1600cc

$2,440.73

$18.75

$2,459.48

$100.00

$2,559.48

$100,000.00 & 1600cc

$2,736.01

$25.00

$2,761.01

$100.00

$2,861.01

$130,000.00 & 1600cc

$3,431.64

$32.50

$3,464.14

$100.00

$3,564.14

Barbados Bar Association

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Small Business Package The new Small Business Pack from Sagicor General provides our most comprehensive insurance coverage for small to medium sized business, typically those with fewer than 25 employees. This uniquely bundled policy provides all the different types of insurance your business needs in a single policy, helping to protect your business against unexpected losses.

This policy provides the following coverages: • • • • •

Fire & Other Perils Accidental Damage Public Liability Employer’s Liability Loss of Money

• • • •

Loss of Rent Fidelity Guarantee Insurance Goods In Transit Plate Glass

Barbados Bar Association

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Premium Indications

Premium Indications Scenario 1 Scenario 2 Scenario 3 Scenario 4

Fire & Perils Section $ 50,000.00 $100,000.00 $100,000.00 $150,000.00

Additional Expenditure $20,000.00 $20,000.00 $50,000.00 $50,000.00

Small Business Pack

Employers Liability (annual wages)

Premium Stamp Duty Total Premium

$100,000.00 $500.00 $100,000.00 $775.00 $150,000.00 $997.50 $200,000.00 $1,330.00

$12.50 $25.00 $25.00 $37.50

$512.50 $800.00 $1,022.50 $1,367.50

Barbados Bar Association

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Professional Indemnity Insurance

Professional Indemnity Insurance offers the protection against litigation which may arise because of a client who may feel that your advice or counsel may have resulted in a negative financial impact on them or their business. It may arise out of inadequate advice or incorrect guidance which causes them to lose money.

For instances such as these, you should protect your business with Professional Indemnity Insurance.

Barbados Bad Association

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Premium Indications Limit of Indemnity

Professional Indemnity Insurance

Premium based on Estimated Premium based on Estimated Annual fees up to $250,000.00 Annual fees up to $500,000.00

Premium based on estimated Annual Fees up to $1,000,000.00

$100,000.00

$3,000.00

$3,800.00

Nil

$250,000.00

$3,700.00

$4,600.00

Nil

$500,000.00

$4,800.00

$5,500.00

$6.500.00

$1,000,000.00

$5,500.00

$6,200.00

$7,300.00

Extensions of Cover

Barbados Bar Association

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Extensions of Cover 1. Loss of documents Additional coverage

Additional premium

50% of limit

20% of annual premium

10% of limit

10% of annual premium

2. Libel and Slander Additional coverage

Additional premium

20% of limit

25% of annual premium

10% of limit

15% of annual premium

3. Dishonesty of Employees Additional coverage Employees Only Employees and partners

Additional premium 15% of annual premium 25% of annual premium

Contact Us

Barbados Bar Association

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Denese Daniel

Shernell Wilkinson

Senior Customer Service Representative

Financial Advisor Gibson Agency

denese_daniel@sagicorgeneral.com Tel: (246) 467-7672

shernell_wilkinson@sagicor.com Tel: (246) 244-7117