Insurance Brokers in Nigeria: Role, Function, and Value
Who are Insurance Brokers? Insurance brokers in Nigeria are licensed intermediaries regulated by the National Insurance Commission (NAICOM) who represent the interests of insurance buyers, not insurers (Insurance Companies). They assess client risk, search the Nigerian insurance market for suitable coverage, and negotiate policy terms with underwriters on behalf of individuals and businesses. This article […]
What is Goods in Transit Insurance
Goods in Transit Insurance How to Prevent Goods loss in Transit Risk experts completely agree that your logistics business desperately needs Goods-in-transit insurance. Transporting goods over long distances can be risky, and the uncertainties of the road can expose your business to a range of losses. Goods-in-transit insurance is designed to protect your business against these […]
why-you-need-business-insurance
Managing your investment risks in uncertain times Accidents can happen at any time, and they can be devastating for logistics businesses that rely on their riders to deliver goods and services. These accidents can result in serious injuries, medical expenses, and even death, leaving businesses and their riders vulnerable to financial and emotional distress. That’s […]
Managing your investment risks in uncertain times
Managing your investment risks in uncertain times Managing your investment risks in uncertain times seems simple enough for business owners. Buy some insurance, transfer the risk and buy more insurance; there isn’t anything more. However, the solution may no longer be so simple due to recent global events. The world has been hit by a […]
5 More Reasons Why You should get Insurance as soon as possible
5 More Reasons To get Insurance as soon as possible If you’ve been putting off getting insurance, it’s time to reconsider. Here are 5 More Reasons Why You should get Insurance as soon as possible, insurance is an important aspect of protecting yourself and your assets. In this article, we’ll explore 5 more reasons why […]
Getting started with business insurance
Getting started with business insurance Business Insurance is not very popular amongst businesses in Nigeria. According to this article in the Guardian, Insurance only accounts for 0.3% of Nigeria’s Gross Domestic Product. Even while the insurance industry is valued at 520.1 trillion naira, the total penetration of insurance is 0.5%, This Day reports. These numbers are pretty abysmal in […]
Why you need good in transit insurance
This is Why You Need Business Insurance in Nigeria What is Group Life Insurance? Goods in Transit Insurance is a type of insurance contract established between the insurance provider and the insured. Through this relationship, the insurer assumes the possible damages and losses that products may suffer during their transport. We live in a […]
Burglary Insurance: Everything you need to know
As crime rates and levels of concern related to crimes like burglary continue to rise in Nigeria (Statista), every day more Nigerians consider burglary insurance as an option for their home or business insurance. What is Burglary Insurance? Burglary insurance recompenses for damage or loss caused by insured valuable items and property due to burglary […]
group life insurance: The complete guide What is Group Life Insurance? Group Life insurance coverage, also known as group life assurance, is one of the most important and cost-effective employee benefits you can offer to your employees. How does it work? Group Life Assurance is formed by one single contract covering an entire group of […]