Bethel General Insurance and Surety Corporation
Non-life Insurance
We are here to stay.

Our Mission & Vision

Our Company

Products

Fire and Allied Perils - protects individual homeowners, building owners, and tenants against loss of or damage to property against fire and lightning. Coverage can also be extended to include protection against the following perils:
  • Earthquake
  • Flood
  • Typhoon
  • Eruption, tidal wave and tsunami
  • Riot, strike and malicious damage
  • Broad water damage
  • Sprinkler and related fire fighting apparatus leakage
  • Landslide & subsistence
  • Spontaneous combustion
  • Civil Commotion
  • Burglary & robbery
  • Mechanical or electrical derangement
Motor Car Insurance - this undertakes to indemnify the insured against loss, damage or liability arising from an accident of the insured vehicle. The following provides for the comprehensive coverage under the motor car policy:
  • Own damage - accidental damage to insured vehicle
  • Compulsory third party liability/Excess Bodily Injury – bodily injury (including death) sustained by third person as a result of accident involving the insured vehicle
  • Third Party Property Damage - this answers any damage caused by the insured vehicle to a third party property
  • Personal accident insurance to cover death or bodily injury of driver and passengers
Coverage may also be extended to secure protection against acts of nature which includes loss or damage due to earthquake, typhoon, flood and volcanic eruption.
  1. Marine Cargo - this covers physical loss or damage on goods, property and or merchandise in transit whether by land, sea or air. Expenses to reduce or prevent loss are also covered under this policy.
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  3. Marine Hull - this policy covers loss or damage on the ships or vessels, machinery and equipment and their hull including liability arising from collision with other vessels.
  1. Construction All Risks (CAR) - this insures construction projects, civil works such as buildings, roads, bridges. It covers any accident on these projects resulting in loss and damage of work in progress, materials, construction equipment and machinery during the period of construction. This may also cover damage to the materials in site, liability to third parties arising from construction activities.
  2. Erection All Risks - this covers protection for electromechanical works. This also covers material damage, repair or replacement of the items insured in case of physical loss or damage from any cause. Coverage may further be extended to include the following:
    • Removal of debris
    • Testing and commissioning for equipment
    • Accidental body injury to or illness of the third party
    • Accidental loss or damage to property belonging to third parties occurring in the direct connection with the erection, construction or testing of items insured
  3. Electronic Equipment Insurance ( EEI) – it protects electronic data processing equipment including its peripherals, and software from any sudden or unforeseen loss or damage.
  4. Machinery Breakdown Insurance (MB) - this indemnifies the assured against breakdown of any machine (industrial/commercial) whilst working at rest or while being dismantled, moved or re-erected for the purpose of cleaning, , repair or installation in another position. This also covers damages arising from:
    • Fortuitous working accidents such as vibration, maladjustment, loosening, metal fatigue, excessive speed or lack of lubrication or local overheating
    • Careless or incompetent or negligent acts of employees of the insured or any third parties
    • Structural defects on materials, design or assembly
    • Storm frost or drifting of ice
    • Effect of electric current following excessive or insufficient voltage, failure of insulation circuits, open circuits or arcing of the effect of static electricity
  1. Comprehensive General Liability - this coverage protects the insured against legal liability to third parties in connection with the operation of its business, in respect to death or bodily injury and property damage.
  2. Money, Securities and Payroll - this protects money, securities and payroll within or outside the premises from loss as a result of robbery, burglary . Coverage may include money in transit.
  3. Fidelity Guarantee – this provides indemnity to financial loss sustained by the insured due to dishonesty or fraud committed by the insured employees.
  4. Property Floater - this covers moving equipment which include construction equipment, cranes, hauler, forklifts, etc., against risk of loss or damage due to outside causes while being used within the covered location.
  5. Personal Accident - covers death, dismemberment, loss of sight, limbs, loss of income and medical expenses caused by an accident.
  1. Contractors Bonds – refers to a class of surety bonds that construction contractors, supply and delivery contractors and service contractors are required to file as guarantee for the performance of their contracts with government or private parties.
    1. Performance Bond - this is required of a contractor to guarantee the full and timely performance of the contract according to the approved specification and plan.
    2. Bidder’s Bond - this is required in connection with the submission of tenders/offers for contracts with public authorities to guarantee that the bidder if awarded the contract, will enter into a contract and comply with the same.
  2. Judicial Bonds – these are required in judicial proceedings, either civil or criminal, instituted in the Court of Justice.
    1. Attachment Bond – a bond posted by the principal to avail of the remedy of attachment. It guarantees the payment of all cost which may be adjudged to the adverse party and all damages which he may sustain by reason of attachment if the court finds that the principal is not entitled to the remedy of attachment.
    2. Injunction Bond – A bond posted by the principal to avail of the remedy of injunction. This answers for any cost the court shall award to the opposing party if the principal was adjudged as not entitled to such provisional remedy.
    3. Replevin Bond – A bond posted by the principal to repossess a personal property from the oblige. This undertakes to answer for any and all expenses that the oblige may suffer if the principal is not entitled to the remedy of repossession.
    4. Administrator’s Bond – A bond posted by the principal in order to be appointed as administrator to the estate of a person who died without a will and guarantees performance of his duties and responsibilities required by law.
    5. Guardian’s Bond – A bond posted by the principal in order to be appointed as guardian. This undertakes to ensure compliance by the guardian relative to his statutory duties.
    6. Heirs Bond – this is required in any intestate proceeding, i.e., a person dies without a will and his estate will be distributed to the legal heirs. The Bond undertakes to indemnify the heirs who may have been deprived of his lawful share in the estate.
  3. Surety Bond -is required to ensure that the principal's obligations will be performed. among at least three parties. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement.

Head Office

HEAD OFFICE

Address : Unit 200 2nd Floor Valero Plaza 124 Valero Street, Salcedo Village, Makati City 1227

Telefax Nos. : 817-2002 to 05

Email : inquiry@bethelgen.com

 

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