Corporate
AVIATION
This is a special cover for Aircraft and it covers the following: Loss of or Damage to Aircraft: Loss of or Damage to aircraft whilst in flight, taxying on the ground, or moored. Third-Party Liability: The assured’s legal liability to third parties including cost awarded against the assured in respect of accidental body injury (fatal or non-fatal) of accidental.
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BONDS
This policy covers the principal contractor against non-delivery. The obligation is such that if the contractor(s) shall be unfaithful in respect to compliance with all terms and contributions of the contract on his/their part to be kept and performed so far as the same is/are legally enforceable agains.
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BURGLARY
This policy covers loss or damage due to burglary or theft involving entry into premises by forcible or violent means, including damage to premises consequent upon such theft or any attempt thereat. The proposal form must always be returned with a schedule of the insured items whether for private or bus.
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COMPUTER
This is a special class of insurance that provides a comprehensive cover for Computer Equipment and Accessories. This class of insurance is new in the Nigerian market and is presently written only by a few reputable insurance companies. The covers provided by the policy are as follows: Accidental damage.
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CONSEQUENTIAL LOSS
The purpose of this cover is to provide indemnity in the event of cessation of work following loss or damage by fire and/or any of the extraneous perils covered under the fire policy, in respect of the following; Loss of Gross Profit Payment of Standing Charges, which must be met despite the cessation o.
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CONTRACTORS ALL RISK
This policy covers loss or damaged by fire, lightning, explosion, storm, tempest, flood, bursting or overflowing of water tanks, apparatus or pipes, earthquake, aircraft, and other aerial devices or articles dropped therefrom, riot and civil commotion, the works and all unfixed materials delivered to or intended for the site. The policy also provides cover for lo.
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FIDELITY GUARANTEE
The rate of direct loss to establishments sustained as a result of fraud is on the increase. From financial institutions, construction firms, supply companies to oil service establishments, the possibility that personnel entrusted with the company's asset is likely to abuse such a trust, is an aspect of.
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FIRE/EXTRANEOUS PERILS
A standard Fire Policy merely grants cover for loss or damage resultant upon the incident of fire and/or lightning. In view of the several exclusions and in order to provide an adequate scope of cover under this insurance, we recommend that such fire insurance be extended to cover the following perils; .
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GOODS IN TRANSIT
This insurance covers goods in transit but is mainly dependent on the method of distribution employed by your company. This is either: - In your own or hired vehicles between various locations. On behalf of your customers or distributors, thereby ownership of such goods does not transfer to them until d.
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