Tulive Reinsurance & Milieu Capital Ltd

Services

Tulive Reinsurance Brokers and Milieu Capital Limited's exponential growth in retail underwriting over the past three years has seen the company set up a vibrant Corporate Division to cater for both SMEs and well established companies.

We go beyond simply providing insurance solutions that suit your business needs. We provide decisive financial solutions, cutting a niche in the corporate insurance. With a team of experienced local and international staff, the Corporate Division provides tailor-made insurance policies created to protect your business and advise you on market trends and new products.

We work with a number of reputable insurance brokers to ensure quality services for all our clients. When working with corporates with their own risk management units, we collaborate in order to ascertain the most suitable cover available; with businesses that have issues based on significant debt burden and SMEs without established risk management departments, we advise you on your current insurance arrangements and recommend service providers that will assist in reviving your business.

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Trade Credit & Structured Risks

Unlike most insurances, trade credit and structured risk insurance provides protection mainly against financial loss. Financial loss arises due to a number of causes such as non-payment by buyers, delayed payment, unilateral cancellation of a contract or political related risk. This can have an impact on the cash flow of a business or indeed a business’s ability to meet day to day operations and loan repayments. Beyond protection against losses, additional benefits include greater access to customers, trade, industry and country information enabling you to make more informed decisions with respect to your buyers. Tulive Reinsurance Brokers and Milieu Capital Limited's robust credit insurance products should significantly reduce risk associated with your business and thereby reduce borrowing rates and collateral requirements from your bankers. Tulive Reinsurance Brokers and Milieu Capital Limited's is the first commercial insurance 100% Namibian company to offer credit insurance to support local and international trade and investment. Tulive Reinsurance Brokers and Milieu Capital Limited's believes that insurance is a key enabler of economic growth and credit is the fuel that oils the economy. Namibia is poised to achieve significant GDP growth in the years ahead and become a hub for regional economic growth.

Aviation Insurance

In 2016, Tulive Reinsurance Brokers and Milieu Capital Limited's will also be offering insurance to Namibian aviation operations. Our research demonstrates that aviation insurance within the Namibian Insurance market is not well developed since local insurance companies lack the capacity to cater for this specialist sector. The majority of aviation cover is placed by local retail brokers with international insurance companies outside Namibia by either dealing directly with London or via South African wholesale brokers. While these limitations might act as logistical restrictions to growth, the aviation industry in Namibia has in fact been growing. The industry is likely to expand further due to increased trade between African countries and the rest of the world; increased tourism and the expansion of Namibian airport facilities. Furthermore, aircraft acquisition has also been made easier over recent years. Tulive Reinsurance Brokers and Milieu Capital Limited's has recognised the importance for a local insurance company to offer insurance solutions by providing aviation hull and liability insurance to owners and operators of aircraft. It has therefore recruited a specialist general aviation underwriter who has 25 years of experience within the Lloyd’s aviation insurance market

Services

Professional Indemnity (P.I.)

Tulive Reinsurance Brokers and Milieu Capital Limited's is committed to protecting businesses and professionals from legal liability for claims made by their clients for any acts of negligence, error, mistake, omission and malpractice when rendering services to Namibians and the wider African region Our policy is designed for anyone who provides professional advice and/or services to another person or business. We understand that the times when professional indemnity was a preserve of doctors, lawyers and architects are long gone.

Hull Insurance

We listen and design specific maritime policies to suit Africa’s largest shipping companies and other carriers. This policy protects you against any liability in case of any accidents in transit and perils as a result of sea navigation.The cover includes the machinery, tools, fuel, fittings and even the furniture in the ship. Exclusions in this policy include dangerous items like firearms and ammunition, fuel, chemicals and other combustible materials

Marine Insurance

We provide a wide coverage of both commercial and one-off carriers of cargo across Africa. The Marine Insurance relieves the carrier of liability in the case of accident and other covered perils Marine insurance covers accidental damage to the cargo including fire, theft, sinking, capsizing or being grounded. It also excludes certain goods from the policy, so check your coverage. Dangerous items, such as firearms and ammunition, are generally not covered. Fuel, chemicals, and combustible items or anything that is potentially harmful to the vessel or crew is often not covered. Tulive Reinsurance Brokers and Milieu Capital Limited's does not cover cargo that is damaged by faulty packing, nor is the transport of goods by a third party. Ensure the packing and removal firm you are using has their own insurance that will cover your items.

Special Perils Insurance

Floods, landslides, tsunamis, storms, earthquakes and other natural calamities can cause massive damage to your business property. Our policy is tailored to protect property owners, banks and other financial institutions when such God perils occur. We protect your property against:

  • Buildings, plant and machinery
  • Furniture, fixtures and fittings
  • Electrical installations

Fire Industrial

Fire Industrial package is designed to repair, reconstruct or replace damaged business property When working in Industries the employees and workers are subjected to different types of hazards. An industrial hazard can be defined as a situation which arises in industries either naturally or man-made which may cause injury, loss or property or product or even death. Safety refers to freedom from any risk, loss or injury. It is thus important for any industry or manufacturing unit to include certain safety measures which will safeguard and protect both the employees as well as the property from the dangers of industrial hazards or accidents. Safety measures to be taken in industries depend on the type of industry and the type of hazards being faced. In the event of fire and other special perils, we cover loss or damage to personal or business property and loss associated with not being able to live in or use the property. Causes of fire include earthquakes, explosions, riots and strikes. Fire Industrial package is designed to repair, reconstruct or replace damaged business property

Consequential Loss and Burglary Cover

Safeguard your business profits! General insurance policies will only cover the costs of repairing or replacing damaged business property. But, a damaged business property or equipment means lost gross profits due to interruption to normal business operations and Tulive Reinsurance Brokers and Milieu Capital Limited's takes care of the huge financial burden that follows. This policy includes protection against rental value and other standing charges that continue to accumulate in spite of stoppage of business and commissions and extra expenses you incur in maintaining normal business operations. Note that this policy can only be taken in conjunction with a general insurance policy that covers your assets and the loss must be admissible under that policy. Burglary Insurance policy provides financial compensation against loss/theft or damage to property contained in your premises by acts of Burglary. Our policy covers theft of goods following forcible entry into the premises and or thefts by someone hiding on your premises until you leave are fully compensated. It also covers theft under threat of assault. Conspicuous shortage of stock and shoplifting are not covered by Burglary Insurance Policy. This policy can be extended to cover riot, strike, malicious damage and theft of property

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Cargo Insurance

Are you thinking of importing or exporting your trade goods by ship or other watercrafts within Africa? Whether it’s your own container or you are sharing with other people, this policy protects your business property during transit over water. Goods insured include the goods contained in the container and personal belongings of the crew and passengers.

Industrial All Risks

Tulive Reinsurance Brokers and Milieu Capital Limited's offers a comprehensive cover that insures your business property against all unforeseen circumstances and financial loss as a result of business interruption. The policy includes fire and all special perils, electronic machinery breakdown, boiler explosion and burglary. Circumstances and damages excluded in this policy include:

  • Interruption of the supply of water and electricity in your business premises
  • Shrinkage or expansion of foundations walls, floors or ceilings
  • Cracking or collapse of buildings

Travel Insurance

Tailor Made Travel Products for Namibian Clients. Tulive Reinsurance Brokers and Milieu Capital Limited takes pride in ensuring it has suitable products to meet our clients’ needs. We have a number of tailor made solutions to cater for most circumstances. You can choose to take up some or all of the components of our products depending on your specific needs. We offer bespoke insurance plans designed to cover individuals and groups travelling internationally, regionally or domestically. Plans may include valuable medical coverage, trip interruption, emergency and travel services. Our insurances are tailored to meet the needs of each client. The sums insured, limits of indemnity and type of cover selected will, therefore, reflect such needs.