Risk Management Consultancy

Risk Management Consultancy Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Risk Management Consultancy, Insurance broker, Cebu, Cebu City.

To become the most Professional Insurance Consultant in the world, providing strong, reliable, trustworthy and forward thinking solutions to our valuable clients.

Western Guaranty Bonds ensure for the benefit of the Obligee, the contractual obligations made by the Principal or Oblig...
24/03/2023

Western Guaranty Bonds ensure for the benefit of the Obligee, the contractual obligations made by the Principal or Obligor if the Principal/Obligor fails to perform the obligations in the contract guaranteed by the bond.

Western Guaranty has the following products for this line:

1. Contractor’s Bonds

• Bid Bond
• Performance Bond
• Surety/Guarantee Bond

2. Judicial Bond

• Civil Judicial Bonds
• Heir’s Bond
• Guardian’s Bond

3. License & Permit Bond

• School Bond
• Real Estate Broker’s Bond
• Firearm’s Bond

4. Fidelity Bond

• Contractor’s All RiskContractor’s All Risks Insurance (CARI) covers buildings and civil engineering projects during co...
24/03/2023

• Contractor’s All Risk
Contractor’s All Risks Insurance (CARI) covers buildings and civil engineering projects during construction against accidents resulting in loss, damage, or destruction of materials, works in progress, construction plant and equipment, and construction machinery. Perils covered under this plan are fire, lightning, explosion, earthquake, landslide, tsunami, storm, typhoon, flood, negligence, malicious act, human error, theft, and burglary.

Examples of construction projects are the following:

Buildings

✔ Residential Houses & Condominiums
✔ Office Buildings & Commercial Buildings
✔ Hospitals
✔ Schools

For more information on Casualty Insurance, kindly click the button below.

Infrastracture

✔ Roads

Industrial

✔ Factories
✔ Power Plants

• Er****on All Risk (EAR)
Insurance against accidents resulting in damage or destruction to machinery, equipment, and apparatus during the process of er****on or installation. Er****on All Risks Insurance may be taken out for installation of individual machinery or the er****on of complete factories and industrial plants such as electric power stations, sugar mills, plywood plants, cement plants, steel mills, paper mills, textile mills, oil refineries, fertilizer and chemical plants, food processing plants, etc.

• Electronic Equipment Insurance (EEI)
An accident insured on an “all risks” basis for electronic equipment such as:

a. Electronic Data Processing Equipment (EDP Equipment)
b. Electrical and radiation equipment for medical use such as electrocardiographs, x-ray, and other radiation equipment
in hospitals and medical laboratories, etc.
c. Communication facilities such as telephone exchanges, radio, television, and communication apparatus, etc.
d. Miscellaneous equipment such as film and television studio equipment, automatic addressing, booking and invoicing
machines, etc.

• Comprehensive General LiabilityThis policy answers for the legal liabilities of the insured against third parties aris...
24/03/2023

• Comprehensive General Liability
This policy answers for the legal liabilities of the insured against third parties arising out of an accident, in connection with the conduct of his business.

• Golfer’s Insurance
Golfer’s Insurance provides complete protection for all golfers, which makes a golfer’s dream come true. It provides protection whenever you hit the fairway or driving range. It also covers the golfer’s equipment, so you can relax knowing that your investment is protected.

• Equipment Floater
All hazards of physical loss or damage to the equipment caused by external causes are insured.

• Merchandise Floater
Covers the expenses incurred from loss or damage of the following:

✔ Insured goods/merchandise goods due to Fire, Lightning, Explosion, Collision, Overturning or Upset of Conveyance,
Collapse or Subsidence of Bridges, Flood, Typhoon, Cyclone, Tornado, Robbery, Hijacking.

✔ Actual loading and unloading from the land conveyance.

✔ Burglary or robbery upon carrying conveyance whilst the same is on stop at an allowed territory.

• Money, Security and Payroll Insurance
This policy covers for loss of money and securities of the Insured in the declared premises or money or securities being conveyed by a messenger, armored service provider, or any authorized employee of the insured, to the bank, office, or any designated location.

Western Guaranty covers your properties, goods, or merchandise whilst being transported from one location to another whe...
24/03/2023

Western Guaranty covers your properties, goods, or merchandise whilst being transported from one location to another whether by land, sea, or air.

Under our Marine Cargo Insurance, your cargo is protected against marine hazards and perils, such as:

• Over Sea
✔ Sinking, stranding, grounding, collision
✔ Fire, Explosion
✔ Jettison, discharge of cargo at the port of distress

• Over Land
✔ Earthquake, volcanic eruption, lightning
✔ Overturning or derailment of land conveyance

Marine Cargo policies are classified into four types, namely:

• Inland Marine Policy – covers goods whilst being transported by trucks or railway systems within the Philippines

• Inter-Island Policy – covers goods whilst being transported by sea craft or aircraft within the Philippines

• Import Policy – covers goods whilst being transported by sea craft or aircraft from other countries to the Philippines.

• Export Policy – covers goods whilst being transported by sea craft or aircraft coming from the Philippines to foreign countries.

Marine Open Policy

Aside from the standard Marine policy, Western Guaranty also issues an open policy, which covers automatically. Covers various shipments over a period of time, usually for 12 months, and remains in force until canceled but the Insured.

Your welfare and the welfare of those who rely on you are foremost on your list. That’s why Western Guaranty developed a...
24/03/2023

Your welfare and the welfare of those who rely on you are foremost on your list. That’s why Western Guaranty developed a comprehensive Personal Accident Insurance to take care of you during your time of need. This provides monetary compensation for expenses or loss of income brought about by death or bodily injury arising out of an accident.

The following benefits are available:

• Accidental Death
Should the Insured die within 12 calendar months from the date of the bodily injury, provided that such bodily injury was sustained during the term of the policy period, Western Guaranty will pay the beneficiary the sum insured.

• Permanent Disablement/Dismemberment
Permanent and total disability is defined as one preventing the insured permanently and totally from engaging every duty or employment for twelve (12) calendar months after the accident. Should the Insured suffer a bodily injury resulting in permanent disablement, this plan pays an amount equal to the sum insured based on the limits specified in the policy.

• Temporary Disablement
Temporary disablement shall mean disability that prevents the Insured from engaging in his occupation temporarily. This plan takes care of your needs according to your policy, such as:

Temporary Total – if you suffer disablement that temporarily prevented you from performing every duty about your occupation, this plan pays loss of income under this benefit.

Temporary Partial – if you suffer an injury that prevented you from performing at least one (1) important duty, this plan pays loss of income under this benefit.

• Medical and Surgical Expenses

Medical expenses can often be a heavy financial burden. This plan offers protection against medical and hospital expenses arising from an accident. The benefit is provided in the form of reimbursement based on the limits specified in the policy.

Products under this cover:

✔ Group Personal Accident
✔ Individual Personal Accident
✔ Motor Vehicle Passenger Personal Accident
✔ Scuba Divers Accident

Perils Covered(For properties of all qualified members of the household within the declared premises)• Fire & Lightning...
24/03/2023

Perils Covered

(For properties of all qualified members of the household within the declared premises)

• Fire & Lightning

• Earthquake Fire/Shock

• Typhoon/Flood

• Extended Coverage

• Malicious Damage (Caused by Riots/Strikes)

• Broad Water Damage

• Robbery/Burglary (Limited to 10% of Insurance Coverage of house contents only)

Personal Accident Insurance

• Accidental Death and Disablement for the Insured and/or Spouse up to age 65

• Accidental Death for each child (single) below 21 years old who is still living with the insured (max. of 2).

• Accidental Death and Disablement for each Household Help up to age 65, if any. (Max. of 2)

• Bereavement Benefit for the Insured/Spouse up to age 65, only caused by Natural Illness

• Burial Assistance for the Insured/Spouse up to age 65, caused by accident

Comprehensive General Liability Insurance (Liabilities to Third-Party)

• Bodily injury per person

• Property Damage per accident

• Combined Aggregate Limit (CSL) for BI/PD

Animal Bites Expense

for pet Dog and Cat bites to Third-Party while within the Insured’s premises

Other Insuring Conditions

1. Effectivity date of the Policy shall commence upon receipt of the duly accomplished Application Form and issuance of the Policy.

2. All policies with P5.0 million and below the value of the Sum Insured can be issued immediately upon receipt of the duly accomplished Application Form.

3. All premium payments received in advance without an issued policy but submitted the accomplished Application Form, shall be subject to this clause: WARRANTED NO LOSS UPON RECEIPT THEREOF.

4. All policies with a Sum Insured over P5.0 million shall be subject to submission of the latest survey report.

5. Applicable to all CLASS A RESIDENTIAL RISK ONLY.

Your property whether residential, commercial, industrial, or warehouse as well as its contents such as fixtures, furnit...
24/03/2023

Your property whether residential, commercial, industrial, or warehouse as well as its contents such as fixtures, furniture and fittings, appliances, machinery and equipment, and stocks are among the most valuable possessions in life. This provides comprehensive protection for your property against fire and/or lightning and allied perils customarily included by way of extensions.

• Acts of Nature
Among the leading causes of destruction of property are earthquakes, lightning, tidal wave, typhoon, flood, hurricanes, windstorms, hailstorms, cyclones, tornados, tempests, and volcanic eruptions.

• Malicious Act
During times of uncertainty and economic difficulty, crime rates rise, putting your property at risk. These can be covered and protected against Riots, Strikes, Malicious Damage, Robbery, and Burglary, as well as Explosion, Smoke Damage, Vehicle Impact, and Falling Aircraft.

Safety and security are on top of our priority every time you go anywhere. Not only your vehicle is protected but also y...
24/03/2023

Safety and security are on top of our priority every time you go anywhere. Not only your vehicle is protected but also you, your passengers, and anything involved. It covers private and commercial vehicles.

Western Guaranty’s Motor Vehicle Insurance may cover Private, Commercial, Land Transportation Operators (LTO) Policies and Motorcycles.

• Own Damage/Theft
Your vehicle is insured against loss, accidental collision or overturning, fire, external explosion, self-ignition, malicious acts, and whilst in transit.

• Compulsory Third-Party Liability (CTPL)
Basic cover prescribed by law when registering your vehicle with the LTO. Provides indemnity to third parties for death and bodily injuries.

• Voluntary Third-Party Liability – Bodily Injury
This serves as an extension of your CTPL and answers the liabilities or expenses over the CTPL cover. Once the CTPL limit has been reached, this will respond and it is no longer subject to the Schedule of Indemnities.

• Voluntary Third-Party Liability – Property Damage
This provides insurance protection for your legal liabilities resulting from damage to properties of third parties.

• Acts of Nature
This extends to cover damage to your vehicle due to “force majeure” such as earthquake, lightning, tidal wave, typhoon, flood, hurricane, windstorm, hailstorm, cyclone, tornado, tempest, and volcanic eruption.

27/11/2022

Life insurance is actually a product that basically protects a family which has lost either a breadwinner or a loved one. And the purpose of buying life insurance is quite simple. It’s about protecting income in case a person passes away.

So let’s say for example. Let’s look at a family - A husband, wife, two children where the husband is a breadwinner. If the husband passes away, the wife and the children need to still continue living their life. Now there are two things that will happen:

✅ Number one, they’ve lost a loved one.
✅ Number two, they’ve lost the income that that person was generating for the family.

Emotional Loss is very difficult to replace but it’s something that’ll take time to heal. However, if you additionally have a Financial Loss, when someone passes away, it takes a LONGER time to recover from that. And the simplest way to handle that is to buy Life Insurance.

When a person passes away, the family continues to get the income that that person would have otherwise generated for the family. So. Life insurance is a very simple product. It’s a contract between the insurance company and the person that if something happened to that person, the family would continue to get his or her income for the rest of their lives.

The second purpose of buying life insurance is to CANCEL LIABILITIES. So let’s say you have a liability like a mortgage. Now when a person passes away, the asset will either be taken over by the bank or the insurance company could cancel that mortgage payment. So the insurance company would pay off the liability and cancel it. So all liabilities can be protected by using life insurance in the event that someone passes away.

Although there are many types of insurance but there are TWO primary types: WHOLE LIFE and TERM. Life Insurance can be quite a complicated subject if you don’t spend time understanding it. It will be best if you can reach out to a financial advisor to understand how insurance can help protect you financially.

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18/11/2022

Supporting your family financially not only means making sure there’s food on the table and the bills get paid, but also means ensuring your loved ones will have time to mourn and recover from shock if something ever happens to you…
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Find a chance to speak to a financial advisor so you and your family can be well protected today. 👨👩👧👦

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28/08/2022

Amongst all financial instruments, is one of the most misunderstood and unappreciated until it’s too late which is the reason why insurance pe*******on remains to lag behind in the Philippines.

Maybe it is time to get one or review your existing coverage.

Address

Cebu
Cebu City
6000

Telephone

+639151045466

Website

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