Our Products
We offer a wide range of insurance products.Personal Plans
Travel
TRAVEL INSURANCE Travel Insurance covers your property against loss or damage while in transit and at your travel destination. In addition, most insurance companies will, for an additional charge, extend cover for Personal Accident Benefits in case of...
Marine
Marine Private Hull Your boat is one of your most prized possessions; therefore you should ensure that it is properly protected against unforeseen eventualities. Most insurance companies offer Marine Private Hull coverage and coverage details may vary from company...
Life Insurance – Areas Of Interest
ALL ABOUT LIFE INSURANCE Covers Basic Life Insurance: Since the dawn of civilised society, people have been insuring themselves against risk, particularly the risk of premature death. While our lives and the insurance products themselves have become more complicated,...
Golfers Insurance
The Golfer’s Policy With the golf craze still growing in Barbados and with more golf courses popping up around the place, player and unsuspecting third parties are growing more concerned about accidents occurring and the cost involve. They are a few insurance...
Disability Insurance – Often Overlooked
The ability to earn an income is the single most valuable asset of any individual during his or her working years. Yet, income replacement plans are often overlooked. Designed to protect against the loss of income, individual disability insurance offers a cost...
Health Insurance
The purpose of health insurance is to cover the major costs of hospital stays, surgery, and diagnostic tests. Most policies also cover the cost of doctors’ fees and medications. Generally, people who are healthy pay a standard rate. This is the usual amount paid for a...
Fire Only
This is the basis of coverage for a business or a private home. This plan provides you with the very basic coverage and additional benefits be added on to your policy by your insurance broker. This plan covers private and commercial buildings, furniture,...
Motor
Most insurance companies in Barbados offer four basic types of coverage. The different types of policy coverage available are: Third Party The most basic of all covers – the minimum required by law in Barbados. Will settle a third party claim should the driver...
Homeowners – House Holders
Congratulations, you have made a good choice. Choice, what choice is that… well the choice to insure probably one of the biggest investments you’ll ever make. YOUR HOUSE. As a result, you’ll want to protect this most valuable asset from liability exposure and...
Commercial
Public Liability
This plan gives coverage for compensation for accidental death or bodily injury to people who are not employees or members of family to the insured; accidental damage to property not belonging to, in the custody of, or under the control of the insured. Additional...
Money Insurance
Commercial – Business You work so very hard for your money on a day-to-day basis; then to have someone else come along and take it from you. There is coverage to protect you from that kind of loss and any injury or damage to property that may result from the incident....
Employers Liability
This plan gives coverage to employees in the insured’s immediate service, should any of them sustain bodily injury by accident arising out of their employment. The insured will be covered against liability at law for damages, claimant’s costs and expenses in respect...
Contract Works
It is important that, as a contractor, you look at this type of coverage. The Contract Works Plan protects you from unforeseen losses or theft and it will give your approach to a job a more professional intention. This type of plan covers: Loss of or damage to the...
Business Interruption Insurance
Business Interruption: is a break in commercial activities due to the occurrence of a fire or peril. Coverage against business interruption by fire or various named perils can be obtained through insurance. Business Interruption Insurance: indemnifies for the loss of...
Burglary Coverage
This plan gives coverage in the event that a forcible entry has occurred, either causing damage to the property or goods being stolen. Interesting to note is that this type of coverage can carry a FIRST LOSS in order to reduce the cost to you. Unlike car insurance...
Fire & Perils
This is the basis of coverage for a business or a private home. This plan provides you with the very basic coverage and additional benefits can be added on to your policy by your Insurance Broker. This plan covers commercial buildings, furniture, fixtures, fittings,...
Financial Planning
Burial Plan
Here again this type of plan is offered in one form or the other by some of the insurance companies. Usually the benefit amount is to cover the cost of final expenses and may also offer a cost of living increase of approximately 3% per year to a maximum of $15,000....
Why Should I Buy Life Insurance?
Life Insurance is one of the necessities of life. However, few people like paying for life insurance policies. A key factor to consider in buying life insurance is to cover the income your family will be unable to replace in the event of your untimely death. This...
What Is The Right Kind Of Life Insurance For Me?
Not all policies are the same. Some give coverage for your lifetime and others cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others may offer benefits while you are still...
Wavier Of Premium Rider
The Waiver of Premium Rider provides that in the event of total disability, the insurance company will waive the premium. If total disability begins before age 60, premiums will be waived as long as the disability lasts. If total disability begins between ages 60 and...
Term Life Insurance vs. Permanent Life Insurance
Few people who have analysed life insurance have escaped the great debate over “Term vs. Permanent” life insurance. The wrong kind of permanent or term insurance can do more damage to your financial plans than just about any other financial product today. The basic...
Registered Retirement Savings Plan – RRSP
In his 1999 budget, the Prime Minister introduced tax incentives for individuals to save for their retirement. The incentive allows for an individual to set up a Registered Retirement Savings Plan (RRSP) with a financial institution. The funds placed in such a plan...
Pension Plans
What is it? A pension plan is an annuity that is a tax-deferred investment vehicle packaged as an insurance product. A retirement plan / pension plan is offered to individuals and pays a fixed amount each month during retirement. If registered with the department of...
Other Types Of Life Insurance
UNIVERSAL LIFE insurance is a variation of Whole of Life Insurance. It offers flexibility in the amount of coverage, rate of savings accumulation and the payments of premiums. You can decrease or stop premium payments temporarily as long as there is a cash value to...
Mutual Funds
A mutual fund is an investment product that pools together money from many people, and invests it in stocks, bonds, or other securities. Mutual funds allow you to invest in a wider range of securities than you would usually be able to, if you were buying from...
How Do I Find Good Value In Life Insurance?
After you have decided which kind of life insurance is best for you, compare similar policies from different companies with your Broker to find which one is likely to give you the best value for your money. A simple comparison of the premiums in not enough; there are...
How Do I Buy Life Insurance?
When you buy life insurance, you want coverage that fits your needs. First decide how much you need – and for how long – and what you can afford to pay. Keep in mind the major reason you buy life insurance is to cover the financial effects of the unexpected or...
Critical Illness – Benefits For The Living
Critical Illness Insurance is designed to help you maintain your quality of life and meet financial obligations in the face of a critical illness or accident. These policies pay you a specified lump sum payment, upon the diagnosis of a covered critical illness or...