Fidelity Guarantee Insurance
This covers the risk of loss of money and/or goods belonging to the insured or for which the insured is responsible at law if committed by reason of fraud, embezzlement, larceny or dishonesty.
All Risks Insurance
Cover under the insurance is in respect of loss, destruction or damage by any accident or misfortune to the properties insured whilst at any location within the Federal Republic of Nigeria.
The insurance provides cover for the properties insured against the risk of accidental loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in a boiler, physical explosion, short-circuiting, storm or from any other cause other than that excluded. These risks are covered whilst the machinery is working or at rest or being dismantled, moved or re-erected for the purpose of cleaning, inspection, repair or installation.
Consequential Loss Insurance
Following an interruption of the smooth operation of your business, the insurance covers loss of profit, wages payable and auditor’s fees payable due to the occurrence of a fire incident and any related issues.
The insurance covers computers, data carrying materials or air conditioning plants against loss or damage to the property arising from accidental damage or breakdown. In addition, the insurance can provide for an increase the in the cost of working as a result of an accident as well as the loss of revenue or loss of gross profit consequent upon damage.
This insurance covers loss of the company’s money and money instruments i.e. cash, cheques, postal and money orders, whilst in transit or in the safe or whilst in the personal custody of the employees.