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Auctioneer’s Combined Policy

Pioneer General Auctioneer's Combined Policy is a multi-peril insurance product created specifically for licensed auctioneers in Kenya. Positioned as a "one-stop shop for all your auction insurance needs", this solution consolidates key operational liabilities, property protections, and statutory guarantees into a single package.

What is Auctioneer’s Combined Policy?

Pioneer insurance offers a multi-peril policy for auctioneers!

It covers all auctioneers licensed by the Auctioneers board. The policy has four sections namely:

Professional indemnity – it covers liabilities arising out of error
and omissions in service
Fire – this covers business premises and other contents from any
loss resulting from fire & perils
Burglary – this covers loss arising from theft of contents from
premises.
Auctioneers bond – this is a guarantee required for auctioneers.

Professional Indemnity: Covers financial and legal liabilities arising from errors, omissions, or oversight in professional auctioneering services.
Fire & Perils: Protects business premises and office contents against loss or physical damage caused by fire and related perils.
Burglary Insurance: Covers loss or damage resulting from theft or forcible entry involving contents at your business premises.
Auctioneer's Bond: Supplies the mandatory financial guarantee required by the Auctioneers Board to maintain an active legal practice license.

Key Operational Advantages

One-Stop Shop Convenience: Combines four essential insurance policies into a single, cohesive package.
Unmatched Market Rates: Delivers lower combined premium costs compared to buying each cover separately.
Simplified Administration: Eliminates the hassle of managing multiple policies, renewal schedules, and separate insurers.

Key Policy Exclusions (What Is Not Covered)

The policy does not indemnify losses or liabilities caused by:

Dishonesty or fraudulent acts committed by the Principal Officer.
Retroactive cover (claims or events occurring prior to policy inception).
Liabilities arising from acts or omissions of past partners.

*Coverage is subject to a duly completed proposal form and standard policy terms and conditions.

✓One-Stop Shop Solution: Consolidates four distinct policies into one package, eliminating administrative hassle.
✓Unmatched Market Rates: Highly competitive pricing tailored for auctioneering businesses.
✓Superior Customer Experience: Backed by Pioneer's efficient processing and customer support.

Licensed Auctioneers

Licensed Auctioneers: Professional auctioneers licensed by the Auctioneers Board requiring mandatory statutory bonding and professional risk cover

Auction Houses & Asset Recovery Agencies

Auction Houses & Asset Recovery Agencies: Commercial entities looking to protect their business premises, contents, and professional liabilities under one multi-peril policy

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