Insurance provider General Accident Insurance (Jamaica) Limited (GenAc) has rolled out a new combined business insurance policy for small- and medium-sized businesses (SMEs).

The policy dubbed Future 360 is a combined insurance package specific to the new operational models developed as a result of the COVID-19 pandemic.

Sharon Donaldson, managing director at GenAc, said the package was crafted to support members of the SME sector who at this time may be worried about their cash flow and resources.

“Our underwriters have tweaked an existing business insurance package—’The Superior Synergy’ — that would have what the small and medium businesses needed to operate. We have removed some of those covers and made them optional for clients to purchase their coverage needs,” she explained.

The policy, which starts at an insured value of $2.5 million up to some $15 million, includes coverage for property damage to building, contents and stock, burglary, looting, glass damage, increased cost of working expenses, employers’ liability and public liability. Goods in transit and loss of money covers can also be covered.

http://www.jamaicaobserver.com/business-observer/genac-launches-new-insurance_194695