This type of policy will provide indemnity to the insured in the event of loss or damage to property covered under it as a result of fire outbreak, lightning or explosion.

Other extraneous perils such as disturbances like strike and riots, and natural disasters like storm damage, flood and earthquake can also be covered by an extension of the standard scope of the cover. The items to be insured are usually made up of the following:

a) Buildings

b) Plant and machinery

c) Stock of raw materials and finished goods

d) Office furniture, electrical & electronic equipment

e) Loss of annual rent for alternative accommodation

The policy also contains various other extensions that are granted at no extra cost to the policyholder. The replacement cost of the items to be insured will have to be supplied to us for assessment to facilitate quotation of the premium payable. It is important to insure adequately because average will apply at the time of claim if sum insured is not adequate.

This policy is tailored to the needs of individuals and can be taken out by corporate bodies for the benefit of specific employees especially the executive management. The policy’s scope of cover is very wide and it includes all the range of perils highlighted under the Fire/Extraneous Perils Policy above as well as loss or damage resulting from theft.

It also provides, as an option, a personal liability cover of up to 200,000.00 in respect of each individual whose property is covered under the policy. Items usually covered under the policy are as follows:

a) Buildings

b) Personal Effects

c) Jewelry and Precious Articles

We will also require your advice on the replacement cost of the above items to enable us quote

This is a form of policy that protects organization against loss of money or valuable stock because of dishonesty or fraudulent activities of employees.

It is possible to grant cover on named basis, positions basis or on a blanket basis.

In any of these cases, the number of persons and the limit of guarantee on any one loss would be advised as well as the aggregate amount of guarantee in a given year.

Once we have this information, we would be in a position to quote for premium payable.

This policy has a very wide scope of cover and is specifically tailored to suit protection of profitable and valuable items such as jewelry, cameras and mobile phones.

The attraction of the policy stems from the fact that cover will operate wherever the items is lost or damaged. The policy covers practically all risks with certain exclusions such as electrical or mechanical derangement or defect.

To enable us quote for the premium, we need to be advised of the make and type of the item to be covered as well as the year of manufacture and the current replacement cost.

This policy is designed to cover the operations of civil engineering firms, indemnity is provided for accident loss or damage to the contract works being executed.

Constructional plants and equipment taken to the site of operation is also covered against loss or damage while the legal liability of the contractor to Third Parties for death, bodily injured and property damage is also covered up to a certain limit.

To enable us quote for this risk, we require the following:

• Description of the contract works

• Value of the contract

• Value of constructional plants & equipment

• Limit of third party liability

• Value of existing property (where applicable)

This policy is designed to cover any loss or damage that could result while any computer and or equipment insured is working or at rest.

The cover under this policy also extends to include loss or damage to external data media such as hard drives, external memory drives and tapes containing processed information while such are kept within the premises.

The increase in cost of working, because of damage to the main computer equipment, is also covered and indemnity is provided for alternative means of carrying on operation. With payment of an additional premium, this policy can be extended to cover the risk of theft.

To enable us quote for this risk, we will require the following information:

• Make & Type of Electronic Equipment

• Current replacement Value of the item(s)

• Cost of hiring alternative computer equipment for continuation of operation together with personnel and transportation.

This policy covers goods being carried from one location to another. Any loss not specifically excluded under the policy is covered and the insurance is suitable for any organization that is engaged in the movement by either road or rail and the cover will operate when the goods are being conveyed by owner’s vehicle or hired vehicles. Losses arising from Fire and Theft are covered under this policy.

For underwriting purposes, we will require the following information to enable us submit quotations:

• Nature of goods

• Destination of goods

• Total value of consignment

• Limit anyone carrying/vehicle

• Duration of cover

• Mode of conveyance

Cover could be arranged either as All Risk or restricted depending what the insured want.

The workmen’s Compensation Decree of 1987 requires all employees of labor to take out this policy for the benefit of workers who may sustain injury resulting into death or disability in the course of their duties.

The scale of benefit stipulated by the decree for death or permanent disability are 3.5 and 4.5 x annual salary respectively while weekly benefit at the agreed scale s equally payable for a period not exceeding 24 months in the case of temporary total disability. Reasonable medical expenses incurred on treating sustained injury are also covered.

The following information will be required to enable us submit quotation:

• Categories of employees

• Numbers in each category

• Estimated Annual Earnings

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This type of policy is issued on vessels and yachts to provide indemnity for any loss, damage or liability that may arise from their use. The scope of cover provided is either an “All Risk” or “Total Loss Only” while the policy usually carries a deductible of about 10% of the value of the vessel or yacht.

To enable us submit quotation for this risk; we require the current inspection report done by a qualified marine engineer on the vessel as well as the type of cover required.

This policy provides comprehensive cover against loss or damage to insured aircraft while operating anywhere in the world. Cover also extends to include the operator’s legal liability to Third Parties for death, bodily injury and property damage. Liability to passengers is also covered up to a certain limit selected.

In order to ensure our client are adequately protected; All risk are seeded to the African-Re managed Aviation Pool. The essence of this arrangement is to obviate the problem of absorption in the Nigeria Market, which has limited capacity for Aviation Insurance and also to afford our clients the opportunity of having a dollar/sterling based insurance policy.

To enable us arrange for quotation, the following details would be required:

• Age of aircraft

• Condition of aircraft

• Experience of the crew

• Value of aircraft

This policy provides cover for the insured against risk of death, permanent disablement, serious injury or hospitalization following an accident, which is available from as little as N200.00 per annum for single person.

This is designed to provide compensation for accidental death, permanent disability or partial disability, loss of luggage up to a specified amount and medical expenses following accident.

This covers all travels embarked upon by the policyholder through any means of transportation including okada. It covers both local and international travels.