Group Life Assurance

The Pension Reform Act 2014 makes it mandatory for all employers having minimum of three employees to insure such employees against the risk of death in service, this policy along with Group Personal Accident Insurance handles the risk of Permanent Disabilities or Medical Expenses that may arise due to accident.

Fire / Special Perils Insurance

Fire Insurance policy provides financial compensation on the loss or damage to properties or assets of the person seeking such cover. The Insuring party in return for the premium is promised to be compensated by the insurance company on the loss or damage suffered due to accidental occurrence of or defined perils up to an agreed amount. Fire here must be understood to be actual ignition and not just damage cause by heat that did not lead to ignition. The fire must also be accidental and not intentional. Insurance companies normally agree the scope of covers and exclusions at the commencement of the fire insurance policy. Equally on payment of an extra premium can add on other perils, those perils are called Special Perils.

Burglary /House Breaking

By taking this insurance, you are guaranteed protection against loss or damage by theft of property belonging to you or for which you are responsible. The risk covered by the policy is “Theft involving entry into or exit from the premises or place of theft by forcible and violent means’’

Motor Vehicle Comprehensive Insurance

The insured is covered for loss or damage to the car, parts or body. Cost of towing repairs charge arising from accident to the insured vehicle alongside the mandatory third party liabilities. By paying extra premium the insured vehicle can be protected against Riot, Strike and Civil Commotion.

Motor Vehicle Third Party Insurance

This policy covers the liabilities of the third parties who suffered loss in connection with the damage to property or personal injury or death. The third party policy indemnifies the insured against his legal liability in respect of the property damage up to N3million. The liability for personal injury or death is unlimited. This is the minimum cover every motorist in Nigeria is expected to have before putting their vehicles on the road to which the members of the public have access. The various premium payable to secure Third Party Insurance presently in Nigeria are stated below:

Householder's Insurance Policy

This is a single insurance contract that takes take of a number of contingencies to protect the building and or the contents of the insured person against varieties of risks. The building upon which this cover is being sought must be of a standard construction. The insurance cover is wider in nature as it includes cover for loss of household content resulting from theft following forcible and violent entry.

Fidelity Gurantee Insurance

This insurance compensates the employer against direct financial loss that he may sustain through the act of fraud or dishonesty by an employee(s) in the course of employment. This normally arise where confidence or trust is reposed to employee as a result of functions they undertake on behalf of the employer in handling fiduciary assets. Obviously, it is employee(s) that are so exposed that this type of covers are normally sought over their activities.

Contractor's All Risks Insurance

This is an All-Risk insurance cover issued to protect the interest of contractors and their principals for civil engineering projects such as Buildings, Warehouses, Hospitals, Airports, Dams, Bridges, Roads, Railways and other construction work of very significant sums. Though there are some risks that may be specifically excluded.

Agricultural Insurance

Agriculture is the traditional occupation of most Nigerian. The vagaries of weather implies that the risk exposures are not often determinable. This hampers real investments that could promote the viable opportunities available in this sector of the economy. Agricultural insurance therefore enables farming investment, promotes development of support infrastructure, and consequently enhance income stability. Through the risk transfer mechanism, insurance helps to reduce weather and diseases related losses by loss compensations. The investors in this sectors are encouraged to make credits available to those who may be willing to farm but do not have the where-wither to support their interest. In Nigeria agricultural insurance is divided into livestock and crop farming covers. Agric Insurance as it is often called is a specialized business that requires much expertise to arrange and manage. Yet it stimulates economic growth and development in the agricultural sector.

Goods In Transit Insurance

This policy provides compensation for loss or damage caused to your moveable goods/equipment whilst in transit which indemnifies you for loss or damage caused by accident or misfortune while your property is in transit, in the course of loading of loading and/or unloading and temporarily housed.

Marine Insurance

This insurance is a mandatory requirement for importation of goods/items into Nigeria. Any importation by air or sea into the country is on Cost Insurance and Freight (CIF) basis. We shall put arrangement in place to accommodate all your Marine contracts on request.