Business

Motor Insurance

This policy is available on three different levels;

Third Party Only Cover

This is the minimum cover required by law to drive on our roads. The policy provides cover for the insured against legal liabilities for:

  • Injury to or death of a third party and
  • Damage to a third party’s property

following an accident caused by the insured vehicle.

Third Party Fire and Theft

In addition to the benefits described above, this policy covers the insured vehicle against loss or damage caused by fire; or theft of the vehicle itself.

Comprehensive

This is the widest form of cover available. In addition to the benefits under the two earlier mentioned covers, this policy also provides cover against damage to or loss of the insured’s own vehicle arising out of:

  • Accidental collision or overturning
  • Theft or burglary
  • Fire
  • Self-ignition
  • Malicious damage, etc.
Business

Fire Policies

There are 3 available options for arranging a fire (and allied perils) insurance cover for your business. These are:

Fire (Commercial)

This policy which is actually a minimum compulsory insurance for all businesses, covers loss of or damage to commercial or industrial properties caused by fire, lightning and allied perils such as flood, impact, explosion, earthquake, windstorm, riots, strikes and civil commotion.

Combined Fire & Theft

This policy provides your premises with cover against fire and allied perils as well as theft of specified goods, office fixtures and fittings, etc.

Assets All Risk Policy

This policy offers the widest available protection for a Fire policy and covers accidental loss or damage to the client’s property or assets insured, caused by any peril not specifically excluded under the policy. It covers risks such as fire, lightning, flood, malicious damage, etc.

Business

Marine Policies

Marine Cargo

This policy provides indemnity to the insured for accidental damage or loss to the insured’s cargo as a result of an insured perils such as storm, fire, seawater damage etc. The mode of transportation can be either by sea or by air.

Marine Hull

This policy insures the Hull and Machinery of vessels against either partial or total loss.

Business

Bonds

Construction Bonds

These bonds are issued for construction projects on behalf of our clients as guarantees for the various contracts:

  • Bid Bond/Tender Securities
  • Performance Bond
  • Advance Payment Bond
  • Retention Bond

Custom Bonds

Our custom bonds include Security or Warehouse bond, Removal Bond, Re-exportation bond among others

Business

General Accident

Group Personal Accident

This policy provides a 24-hour protection for the insured’s staff against death and/or bodily injury following an accident, whether the accident occurred on the insureds job or not.

Goods in Transit

This policy indemnifies the insured for loss of or damage to insured goods whilst they are being transported from one location to another. It provides cover for accidental losses arising out of fire, theft or accident to the carrying vehicle.

Fidelity Guarantee

This policy indemnifies the employer against loss of money by reason of fraud or dishonesty of employees holding positions of trust such as accountants and cashiers who deal with finances/cash of the company.

Professional Indemnity

This is an insurance cover for professionals such as Architects, Engineers, Doctors, Accountants, and Consultants etc. against legal liabilities they may incur as a result of being sued for professional negligence in the course of their practice.

Theft or Burglary

This policy provides cover against theft involving entry into or exit from the premises by forcible and violent means.

Money Insurance

This policy indemnifies the insured against loss, damage or destruction from any cause not specifically excluded whilst:

  • In transit
  • On the insured premises during business hours
  • In a locked safe

Bankers Indemnity

This is a special policy for banks. It offers protection against loss of money and/or securities on their premises and in transit due to various perils.

Business

Engineering

Contractors All Risk

This policy provides indemnity to the insured against loss or damage to contract works, the insureds plants and machinery as well as liabilities to third parties in respect of death, bodily injury or property damage during construction of the project works.

Erection All Risk

This policy provides cover for the erection, testing and commissioning of plant/machinery

Machinery Breakdown

This provides cover against damage or loss to any insured plant/machinery that suffers breakdown necessitating its replacement or repairs.

Plant and Machinery

This policy is designed to offer adequate protection against accidental physical loss or damage to the plants and machinery. It covers unforeseen and sudden physical loss or damage from any cause except specifically excluded, occurring whilst the machinery is at work, at rest or during maintenance operations.

Business

Liabilities

Workmen’s Compensation

This policy covers employers against legal liabilities which they may incur following personal injuries, fatal or otherwise, to their employees which may occur in the course of their work.

Public Liability

This policy provides protection against legal liabilities which may be incurred as a result of accidental bodily injury and/or accidental damage to the property of members of the general public which may occur on the insured’s company premises or as a result of their operations.

Product Liability

This policy provides cover to the insured against legal liabilities which may arise as a result of bodily injuries or loss/damage to property caused by their product or good.

Directors & Officers Liability

This is a policy that protects the Directors of a company by providing indemnity for any loss arising from a claim as a result of a "wrongful act" committed while carrying out their duties and obligations as directors or officers.