CUZO (R) Limited is a domestically registered company located in Kigali-Rwanda, with its offices in Champion Investment Corporation building (CHIC). Its core activities are intermediation between insurance companies and clients; assessing clients’ needs and advising on the best insurance coverage option. Vision
To be Africa’s exemplary service intermediaries beyond our customers’ expectations
Mi
ssion
To deliver quality service, with integrity and professionalism while providing our esteemed clients unsurpassed service with the goal of exceeding their expectations. Bringing a strong expertise in assessing the customer’s needs, recommend and advise clients on best coverage option.
2. Strive to provide solutions consistently while seeking growth and expansion and at the same time connecting our existing clients with each other where necessary and relevant for business purposes.
3. Taking a lead in insurance intermediation business using entrepreneurial spirit and valiant attitude coupled with a strong insurance solution provision background.
4. To obtain an insurance agency position with high ender’s relevant insurance solutions where knowledge and monitoring insurance claims are employed to serve the company’s clients efficiently. Medical Insurance
This policy covers both individual and corporate clients against hospital expenses. Medical insurance is normally bought to relieve its policy holders from the unpredictable hospital bills; it gives peace of mind to know that there is someone out there to take care of your health in whatever condition, at whatever time, with or without cash in your pocket. I
It could be countrywide or regional cover, India, South Africa and beyond. It depends on our clients’ needs and requirements for their institutions or families.
2. Fire and Allied Perils Insurance
The basic Fire policy provides indemnity against loss or damage to property
described, caused by fire, lightning and explosion whereas comprehensive policy can be extended to cover riots, strike, malicious damage, storm, earthquake, impact by vehicles, spontaneous combustion, explosion of industrial boilers and economizers, flooding, water damage due to bursting or overflowing of water tanks and pipes just to mention a few.
• This insurance covers assets such as buildings, plant and machinery, stock, fixtures and fittings and office equipment.
3. Fire Consequential Loss Insurance
This policy provides protection against financial loss suffered due to interruption of
business operations in consequence of damage to the property insured.
4. Domestic Package Insurance
Provides protection to homeowners /renters against loss or damage to the private
Dwellings /buildings, household goods and personal belongings against Fire, Theft,
Riot and Strike, Malicious Damage, Floods, Explosion, Lighting and Thunderbolt. It
also offers personal liability to third parties by the insured and workmen’s
compensation to domestic servants.
5. Motor Insurance
This policy covers the liability of the owner against;
• Accidental death or bodily injury to any person
• Accidental material damage to 3rd party property
• Passenger Liability
• Accidental damage to the owner’s motor in case of comprehensive cover.
• Fire
• Theft
• Medical expenses
6. Burglary Insurance
The burglary policy provides indemnity against loss or damage to property following
forcible or violent entry or exit from insured premises. Assets such as office
equipment, stock in trade, furniture fixtures and fittings are covered.
7. Public Liability Insurance
Public/Products Insurance provides protection against claims arising from;
• Accidental bodily injury to any person
• Accidental loss of or damage to property
Happening in connection with the business and occurring within the territorial limits
described and happening during the period of insurance. Since the promise to
indemnify is the basis of the policy, strictly speaking insurers are not liable to make
payment until the insured has been found ‘legally liable’ to pay for damages.
8. Group Personal Accident
This cover is taken by corporates and institutions. It affords compensation for death,
permanent disablement, temporary loss of income due to disablement and medical
expenses arising from an accident.
9. Individual Personal Accident
This cover is taken by individuals. It also affords compensation for death, permanent
disablement, temporary loss of income due to disablement and medical expenses
arising from an accident.
10. Contractors All Risks Insurance
Material Damage
This section of the policy covers the insured against any sudden and unforeseen
physical loss or damage to the construction works from any cause other than those
specifically excluded. Third Party Liability
This section of the policy covers the insured against any sums which the insured shall become liable to pay as damages consequent upon:
• Accidental bodily injury or illness to third parties
• Accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction works and happening on or in the immediate vicinity of the site during the period of insurance.
11. Fidelity Guarantee Insurance
Fidelity implies the faithful or loyal performance of a duty. The Fidelity Guarantee
policy is an insurance against the results of dishonesty or disloyalty, both of which
stem from lack of fidelity. Fidelity Guarantee may be bought by any organization or
person who may suffer as the result of the dishonesty, failure in performance of duty
or, in certain cases, the mistake of another. The policy covers the employer against loss of money and/or stock through dishonest acts of employees.
12. Electronic Equipment Insurance
This policy provides coverage to electronic equipment including computers against sudden and unforeseen physical damage to the equipment in a manner necessitating repair or replacement.
13. Money Insurance
This policy covers loss or damage to money by robbery or theft whilst;
• In transit from the premises to the bank and vice versa
• In premises during business hour
• In premises in locked safes/strong rooms outside business hours
• In the hands of senior employees/authorized personnel of the company
• Contents of a franking machine
• Damage to safes and/or strong rooms
14. Professional Indemnity Insurance
Our policy indemnifies the insured against his legal liability, which may arise by reason of any negligent act, error or omission occurring whilst carrying out his professional duties. If you are in the business of providing services and advices to your client, professional liability insurance is an important type of insurance for your organization. Despite your best efforts, well-trained employees and a strong based practices ethics, mistakes are bound to occur. This policy protects your business against compensation sought by your client if you make an error or found to be negligent.
15. Goods In Transit Insurance
This policy provides cover for loss or damage to various types of goods while in
transit by road, rail or any inland waterway within the geographical area set out in the
policy. Cover may be All Risks or for specified perils and may be taken for specific
consignments or annually.
16. Marine Cargo Insurance
The marine insurance policy covers loss or damage to your goods during the courseof transit by sea or air.
17. Machinery Breakdown Insurance
This is a type of an accident insurance for machinery and provides cover against
sudden and unforeseen physical loss or damage to the insured machinery. The
purpose of machinery insurance is;
• To cover the cost of repairing or replacing indemnifiable breakdown or losses to machinery.
• To give assistance in expediting repair.
18. All Risks Insurance
The All Risks policy provides indemnity against loss or damage to specified items as a result of any cause within the geographical area specified in the policy. This includes Theft, Fire, Riot and Strike, Breakage and any other cause not specifically excluded in the policy.
19. Industrial All Risks Insurance
This is a comprehensive packaged policy providing cover against Material Damage and Business Interruption of a business enterprise. This policy provides cover against all risks/perils other than those which are specifically excluded in the policy.
20. Directors & Officers Liability Insurance
The policy protects directors and officers from loss resulting from claims made
against them in the discharge of their duties on behalf of the company. Directors and officers today are facing heavier responsibilities and more stringent
regulatory requirements. They need the assurance of cover to protect them against the financial burden of litigation, damage to their reputation and loss of personal assets.
21. Travel Insurance
Worldwide travel insurance coverage designed to meet the needs of students, groups, individuals and corporate business travellers. Do not travel without your Travel Insurance cover. The insurance is tailored to cover accidental injuries, medical expenses, loss of personal effects and travel delays, hijack, personal liability, legal expenses etc.
22. Political Violence and Terrorism
Political Violence and Terrorism (PVT) are specific exclusions in all policies issued in
Rwanda. The exclusions are derived from the original contracts (treaties) entered to
between re-insurers and the re-insured (local insurance companies). Therefore a need exists to purchase PVT to ensure more comprehensive coverage. Political risks includes all risks arising from political related violence including
sabotage, riots, strikes and civil commotion, civil war, malicious damage, insurrection, revolution or rebellion and mutiny and /or coup d’Etat. It also includes risks arising from terrorism. Political risk insurance covers loss of property arising from these risks.
23. Icyashara
A simplified product designed for
