House Owners Comprehensive
This policy provides cover for all items such as furniture, electronic equipment, etc within the policy holder’s home against accidental damage. SA Insurance would repair/replace insured items after a brief survey of the damage has been performed. So go ahead and buy that item you’ve had your eye on…you’re covered!
Top
Motor Insurance
In Nigeria, Third Party Motor Insurance has been made compulsory for all car owners by the government. Here at SA Insurance, we pride ourselves on offering our clients some very competitive rates for both Third Party and Comprehensive Motor Insurance. We also offer added benefits for policy holders such as free car tracking and tyre guards.
For those who would like to insure both their car and the third party’s vehicle, we offer a Comprehensive Motor Insurance package, where SA Insurance would repair/replace the policy holder’s vehicle promptly and with no inconvenience to the client. At SA Insurance, we understand that when you have had an accident and perhaps damaged a prized vehicle…you certainly do not need an insurance company to add to your worries! Therefore, we strive to make it easy both to insure and more importantly, claim on your policy if you should require it.
Basic Third Party Policy
This offers cover against the damage of another road user’s vehicle by the insured vehicle. Under this policy, you are covered against:
• Final settlement within 48 hours of return of Discharge Voucher to SA Insurance by claimant.
• Prompt and stress free claims management.
• Free tracking device for cars over N4,000,000 in value
Basic Motor Comprehensive Policy
This covers accidental damage or loss to the insured vehicle due to accident, fire, theft and legal liability to third parties.
• Authorised repair limit of up to N150,000.00.
• 30 days guarantee on claims payment from date of notification
• Final settlement within 48 hours of return of Discharge Voucher to SA Insurance by claimant.
• Prompt and stress free claims management
• Free tyre guards for all four tyres
• Free tracking device for cars over N4,000,000 in value
Top
Enhanced Comprehensive Policy
Under this policy your vehicles shall be adequately protected against accidental damage or loss as follows:
• Authorised repair limit of up to N 200,000.00
• Car replacement for 30 days
• 30 days guarantee on claims payment from date of notification
• Final settlement within 48 hours of return of Discharge Voucher to SA Insurance by claimant.
• Prompt and stress-free claims management
• Free tyre guards for all four tyres
• Free tracking device for cars over N4,000,000 in value
• Free internationally certified car immobiliser against theft
Top
Fire and Allied Perils Insurance
The devastating effect which a fire can have on a company's assets such as its buildings, plants, machinery and equipment etc., calls for Comprehensive Fire Insurance. This policy provides indemnity against loss or material damage to properties occasioned by fire.
The rate of premium charged is in direct proportion to the risk and value of assets. The object of fire insurance is to repair or replace property damaged or destroyed; or to compensate the insured for such a loss. This ensures that such devastation does not have a lasting effect on you or your company.
Top
Consequential Loss Insurance
This is a product developed by SA Insurance to compensate clients who suffer losses as a result of Fire and Allied Perils. As every organization knows, other losses are incurred after such an event, namely loss of income, added operating costs and employee payroll even when the business has been closed for repairs. The policy provides cover so that these reasonable expenses can still be met.
Top
Workmen Compensation Insurance
This policy is a legal requirement for every employer. It insures against the risk of injury or death of an employee in the course of duty.
This cover is designed to pay benefit to the injured employee or the employee’s beneficiary. The amount payable is based on the employee’s salary calculated over a period of time.
Where an injury results in permanent total incapacity of such a nature that the injured workman must need the constant assistance and care, an additional amount in compensation shall be paid.
This policy serves to greatly enhance the welfare and security of employees, giving them the confidence to give 100% to their job, without untoward thought of personal injury. It also saves the employer from unforeseen and possibly costly benefits payments to employees.
Top
All Risks Insurance
This policy insures assets which are extremely valuable and require cover beyond the normal scope of Fire and Burglary policies. This policy also covers the insured against accidental breakage and petty theft of the items.
Top
Burglary and House Breaking Insurance
Burglary Insurance is a form of protection to reimburse an insured for losses and damage sustained through burglary and theft. Contents are usually insured against loss from theft provided there has been forcible and violent entry to or exit from the insured premises. The cover includes damage to building for which the insured is responsible resulting from theft. However, theft by employee is not included within the scope of cover, as it is the subject of Fidelity Guarantee Insurance.
Top
Machinery Breakdown Insurance
This policy is aimed at individuals or organizations wishing to insure against sudden and unforeseen damage to the machinery from such causes as faulty materials construction or erection, vibration, maladjustment, misalignment, defective lubrication, loosening of parts, abnormal stress, fatigue, self heating, centrifugal force and excessive electrical pressure. The sums insured are based on the current replacement values of the insured items including installation costs and customs duty, where applicable.
Top
Electronic Equipment Insurance
This policy covers loss or damage to the insured's equipment from accidental causes while situated at the specified premises. The policy may be extended to cover consequential loss of revenue or additional expenditure i.e. extra costs of renting alternative computer facilities if yours is damaged, as well as the cost of retrieving lost data.
Top
Warehouse Insurance
Warehouse Insurance cover takes care of your consignments while in stored in your warehouse, and ensures adequate cover for any kind of loss either by theft or fire and natural perils.
Top
Performance/Advance Payment Bonds Insurance
A person or corporate body placing a contract requires protection against failure of the contractor to carry out his/her obligation as specified in terms of the contract. The insurance bond is the most common method of protection.
The insurance bond is an undertaking by the insurer to accept responsibility for performance of the contractual obligation.
Types of Bonds:
- Performance Bond
- Advance Payment Bond
- Tender for Bid Bond
- Customs Bond
- Credit Bond
- Supply Bond
- Counter indemnity/Guarantee Bond
Top
Money Insurance
This policy indemnifies the insured against the loss of money while in transit from the insured's premises during business hours, and/or money in a securely locked safe or strong room at the insured's premises. This policy is highly recommended to any company which deals with a large amount of cash regularly, as it gives you peace of mind especially when transporting cash from one location to another.
Top
Fidelity Guarantee Insurance
All organizations at one time or another may suffer loss as a result of fraudulent activities, whether by employees, or external persons. This policy seeks to counteract the effects of such activities by guaranteeing the replacement/repair of affected assets as a result of larceny, embezzlement or misappropriation. Premiums are based on the value of assets to be insured. This policy is highly recommended for all organizations, as the cost of such dishonest activities can be extremely high. SA Insurance can help reduce the financial burden on your company and leave you free to deal with your business as usual.
Top
Goods In Transit Insurance
This policy is aimed at business organizations that regularly move assets from one location to another within the country. Due to the high level of risk involved in transporting goods across the country, it has become imperative for organizations to undertake this policy in order to secure themselves against loss/damage to their goods.
The basic cover provides an indemnity against accidental loss or damage to goods whilst in transit anywhere within Nigeria. The goods covered would comprise raw materials and finished goods used in all your product lines:
- Goods on insured's own vehicles with a sum insured specified for each vehicle.
- Goods dispatched by the insured's own vehicles either by road haulage, rail and post subject to a limit of any one consignment.
Top
Group Personal Accident Insurance
This policy provides compensation for your staff consequent upon an accident resulting in death, permanent disablement, total temporary disablement and medical expenses while in employment.
The Group Personal Accident is designed to simultaneously serve as an incentive for boosting the insured employees' morale and output, and protect the company against the unplanned cost of staff medical expenses.
The major distinction between Group Personal Accident cover (GPA) and Workmen’s Compensation (WC), is that GPA covers employees against general accidents throughout the day, irrespective of whether their accident occurred on business premises. On the other hand, Workmen's Compensation insures employees against injuries sustained as a result of the employee’s job.
A discount is available for companies insuring more than 20 employees.
Top
Marine Insurance
Marine Cargo Insurance - This class of insurance provides compensation to the cargo owner in the event of loss of, or damage to the cargo while on transit from one country to another; either by sea or by air. Cover can be arranged to cover port to port only or to cover transit from warehouse in country of origin to ware house in country of destination.
Marine Hull Insurance - This class of insurance seeks to provide indemnity for the vessel owners in the event of loss or damage to the vessel. It covers the Hull (the ship or vessel), Machinery and Equipment.
Top
|
