Property Insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.

Consequential Loss Insurance
This insurance is a sure way for you to receive payment for loss of accruable net profit, wages, auditor’s fees, etc. Protect your earnings.

What is covered?
  • Net profit which would have accrued if the fire incident/special peril had not happened.
  • Fixed charges as interest, rents rates etc. which are compulsorily payable although no business activities is taking place in the premises again. These are called standing charges in the policy.
  • Expenses which will help to facilitate the resumption of normal business and minimize loss of net profit e.g. hiring of temporary premises, engaging the services of extra staff or working overtime. This is called increased cost of working.
  • Wages of staff whose services will have to stop immediately due to the fire damage – retained wages of skilled employees whose services are needed/for quick return of the business activities of the company.
  • Fee of the Auditors employed to prepare any claim under the policy.
Benefit:
  • Payment for loss of accruable net profit, wages, and auditors fees, etc.
All Risk Insurance
The policy provides cover against accidental damage or loss of items that are movable in nature. This policy is very comprehensive and provides cover to the policy holder against the accidental loss or damage.

Burglary Insurance
Burglary insurance provides comprehensive financial protection for your building and contents, reducing your anxiety.

Benefit:
  • Covers your furniture, fixtures and fittings, equipment and electronics damaged or stolen during break-in by thieves
  • Covers any damage done to your building during break in
  • We will pay up to N1M for damage caused during the break-in
  • It does not cover pilferage, shoplifting or larceny, except so extended.
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