Occupiers Liability Insurance or Insurance of Public Buildings
The law provides that every public building must be insured against liability in the case of loss, damage to property, death or bodily injury that may be caused by collapse, fire, earthquake, storm or flood. A public building refers to any building accessible to people for educational, medical, recreational or commercial purposes. This includes shopping malls, and hangout spots apart from office complexes.
By virtue of Section 65 of Insurance Act 2003, public buildings include schools, hotels, hospitals, recreation centers, and offices are to be insured by their owners or occupiers against the hazards of collapse, fire, earthquake, storm and flood.
Default attract financial penalty or prison sentence, but we don’t want that. Call Now! (+23480104499248 )
Builders Liability Insurance or Insurance of Buildings under Construction
This is a compulsory insurance policy for contractors and owners of buildings higher than two storeys. Section 64 of the Insurance Act. 2003requires every owner or contractor of any building under construction with more than two floors, to take an insurance policy to cover liability against construction risks caused by the negligence of the contractor, owner, servants, agents, consultants or workers that may result in death, bodily injury, or property damage to workers or the public.
The insurance must be undertaken from the construction stage. The purpose is to guard the public against construction risks that may be caused by negligence. The insurance should also cover collapse of the building.
Default attract financial penalty, up to 3-year prison sentence or both, but we don’t want that. Call Now! (+23480104499248)
Aviation Third Party Insurance
Fly with cover! Aircraft operators in Nigeria are not permitted to operate without first undertaking this insurance policy. The policy involves three parties namely; the aircraft operators, the insurance company and the third party i.e. passengers, employees and the public at large. The aim is to provide cover in the case of accidental injury, death or property damage to third parties caused directly by the aircraft.
Marine Insurance (Cargo)
This is a policy to be undertaken by Individuals and organizations regularly involved in the use of marine transportation. Marine insurance covers for losses that may occur as a result of marine adventures, from the use of vessels and yachts as a means of transportation.
Employee Group Life Insurance
Are you an employer of labor? This is for you. The employee group life insurance requires every employer of labor with five or more employees to take out a life insurance policy on each of these employees. The sum is at least three times the annual total compensation for the employee and applies to employees in either private or public sectors.
Health Care Professional Indemnity
As a patient, are you aware that every licensed health care provider must obtain insurance before treating you? Health care professionals are required to obtain insurance that will protect their patients in case of accidents or fatalities resulting from professional negligence. A health care provider comprises any registered government or private healthcare practitioner, hospital or maternity centre.
Plant All Risks
The policy indemnifies the insured against loss of or damage to machineries from any cause outside the machine such as fire, theft, impact or explosion.
Machinery Breakdown
This is a form of protection available to cover items of plants and machineries against the risks of explosion, collapse and breakdown. For any of the above, Call now! (+23480104499248)