About Our Products

Fire & Special Perils Insurance:

The insurance will cover Building and other Property/Asset against physical damage or destruction arising from a wide range of perils including Fire, Lightning, Explosion, Flood, Malicious & Impact Damage, Riot & Strike and other allied perils. Information required to arrange the insurance include details of Property/Asset with their Values.

Burglary & Housebreaking Insurance:

 

The insurance will cover removable Property against the risks of Theft accompanied by actual forcible and violent entry into or exit from the Premises. Information required to arrange the insurance include details of Property with their Values.

 

Fidelity Guarantee Insurance:

 

The insurance will provide cover for any pecuniary loss sustained by you as a direct result of any act of fraud or dishonesty on the part of any employee. Information required to arrange the insurance cover are Names of Persons to be guaranteed, Job Title/Designation and Amount to be guaranteed.

 

Money Insurance:

 

The insurance will provide All Risk cover to money being Cash or Bank Notes whilst in transit or in Safe/Vault or on Counter at the Premises. Information required to arrange the insurance are Limit per Carrying, Estimated Annual Turnover, Amount in Safe/Vault and on Counter.

 

Motor Insurance:

 

The insurance will provide cover on Motor Vehicles against the risks of Theft, Accidental Damage, Fire and Third Party Legal Liability arising from the use of the motor vehicle. Information required to arrange the insurance are Make & Type of vehicle, Registration Number and Value.

 

Marine Cargo Insurance:

It is statutory requirement that all Imports into the country must be insured and this policy will provide cover on the Import (Cargo) either by sea or air against the risks of Loss or Damage with a Warehouse to Warehouse extension. Information required to arrange the insurance include Description of goods and Value.

 

Marine Hull Insurance:

 

The insurance covers Sea and Ocean going Vessels against the risks of loss or damage arising from a wide range of marine perils. Liability for Injury to Third Parties or damage to Third Party Property arising from the ownership or use of the Vessel is covered. Information required to arrange the insurance cover includes Name & Type of Vessel and Value.

  

Goods In Transit Insurance:

 

The insurance will cover loss or damage to Goods/Property whilst in transit including loading and unloading risks. Information required to arrange the insurance cover include mode of conveyance, description of goods and Value/Limit Anyone Carrying/Annual Turnover.

 

Personal Accident Insurance:

 

The insurance provides compensation in the event of accident to the Insured persons resulting to Death or Disability. It also covers medical expenses incurred in the treatment of the injured person(s).

 

Consequential Loss/Loss of Profit Insurance:

                    

The insurance provides cover against financial loss resulting from reduction in earnings or increase cost of working following damage by an insured which could be FIRE or other perils insured under the Fire Policy. The insurance will be arranged to cover agreed Sums under the following headings: (i)Gross Profit (ii)Wages (iii)Auditors Fees.

 

Plant All Risk Insurance

 

The insurance will cover Plant, Machinery and Installations against loss or damage by Fire, Accident, Explosion, Impact and other related perils. Information required to arrange cover includes List of Property to be insured and Values.

 

Computer/Electronic Equipment Insurance

 

The two sections of the policy are: 

(a) Material Damage -This provides cover for loss or damage to Computer/Equipment from accidental causes whilst at the premises including impact & water damage, malicious damage and damage due to negligence or carelessness. Perils excluded are those covered under a Fire or Burglary Policy unless those policies exclude Computers. 

(b) Consequential Loss -This covers (i) loss of revenue or additional expenditure i.e extra cost of using alternative computer facilities (ii) cost of re-compiling data. The indemnity period is to be selected in accordance with maximum repair/replacement period.

 

Public Liability Insurance

 

The insurance covers Legal Liability of the Insured (policy holder) arising out of the activities of the business (excluding liabilities from products) for bodily injury or death of third parties or loss or damage to their properties. Legal defense costs are also included and Sum Insured should represent the potential liability/exposure.

 

Product Liability Insurance

 

The purpose of this policy is to extend the Public Liability cover to include the consequences of the insured defective products causing injury to person or damage to third party Properties. For example, if you are either in the business or manufacturing or assembling finished products/goods, you have a legal liability to ensure that those goods are safe for the end user.

 

Professional Indemnity Insurance

 

The insurance covers the Insured (policy holders) Legal Liability to pay damages/claimants costs and expenses as a result of professional negligence, error or omission arising in the course of their business or by any person in their employment. The Sum Insured should represent the potential liability/exposure.

 

Group Life Assurance

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Section 9 sub-sections 3 of the Pension Reform Act 2004 requires an Employer to maintain Life Insurance Policy (Natural or Accident Death Cover) in favour of the Employees for a minimum of three (3) times the annual total emolument of each employee. Details required to arrange the Death Cover are Name of Employee, Date of Birth and Annual Total Emolument.

 

Machinery Breakdown Insurance.

This insurance provides indemnity against unforeseen and sudden damage to the insured machinery caused by Breakdown's occurring within the premises specified in the schedule whilst such machinery is working or at rest but only after successful commissioning. Information required to arrange cover includes List of Machinery & Plant and Replacement Values. 

Householders/House owners Comprehensive Insurance.

 

The Householder insurance covers Household Goods & Personal Effects against the risks of Fire, Theft and other related perils whilst the House owner insurance provides cover on the Building against Fire & Special Perils including cover for legal liability to third parties & Loss of Rent. Details required to arrange cover include details of property & values.

Bond 

Bond is a guarantee provided by a Third Party to a contract stating that a certain sum of money will become payable in the event of a contractor not carrying out his contractual obligations. It is an attempt by the Principal Party to a contract to transfer liabilities to the Insurance Company in monetary terms for failure or non-performance of contracts awarded to the contractor. Bonds are important in the successful execution of a contract job and the type required will depend on the nature and conditions of the contract. The common types of Bonds are: 

r Bid/Tender Bond                         

r  Advance Payment Bond   

r  Performance Bond 

Contractors All Risk Insurance

 

The insurance provides cover for all risk of damages, loss or destruction of contract works whether permanent or temporary including materials and other things meant for incorporation into the works. The cover applies during the construction period and can be extended of the maintenance period. The policy also pays compensation for injury or death of third parties or loss or damage to their property arising from the performance of the contract.

 

Energy Package Insurance

 

This relates to Oil & Gas Insurance that provides insurance cover for the following activities/operations:

 

r Offshore Construction                                                        

r  Operators Extra Expenses       

r Exploration & Production                                                        

r Third Party Liability.