Insurance cover for property floaters, marine and aviation, bonds, and much more.
All movable properties of government must be insured with GSIS. Mobile equipment, heavy equipment, contractor’s equipment used in government offices or projects must be protected by the GSIS against damage or destruction.
All government cargoes in transit either by land, sea or air including land transportation and dock storage must be insured with GSIS against loss or damage due to heavy weather, fire, lightning, explosion, grounding, stranding, collision, machinery damage, ranging, piracy, barratry, sue, and labor.
Airplanes and helicopters owned by government while it is in flight, taxiing, on ground or moored must be insured with GSIS against direct physical loss or damage.
GSIS offers different types of bonds such as: bidders bond, performance bond, surety bond, haulers bond, customs bond.
The miscellaneous insurance covers livestock, fidelity guarantee, comprehensive triple "D" (dishonesty, disappearance, and destruction) and Comprehensive General Liability (CGL). The latter includes damages for death and care, loss of services resulting from bodily injury as well as damages for loss of use of property resulting from property damage.