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Motor Insurance
Workmen Compensation Insurance
Marine Insurance
Oil and Gas Insurance
Aviation Insurance
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Motor Insurance
In Nigeria, Third Party Motor Insurance has been made compulsory for all car owners by the Federal government. The Policy offers cover against the damage of another road user's vehicle by the insured vehicle.
Here at SA Insurance, we pride ourselves on offering our clients some very competitive rates for both Third Party, Third Party Plus and Basic Comprehensive Motor 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
The policy protects the insured from damages caused to the third party vehicle.
Benefits:
- Third Party Property Damage Liability of up to N1million
- Third Party Bodily Injury/Death: Unlimited
- Prompt and stress free claims management within 48 hours of return of properly filled Discharge Voucher by claimant
Workmen's Compensation
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.
Marine Insurance
MARINE HULL
This covers loss or damage to the carrying vessel, machinery and third party liability due to the following:
- Perils of the seas, jettison, piracy, negligence of the masters, officers and crew.
- Accident in loading, discharging or shifting cargo or fuel.
- Fire and explosion
- Earthquake and volcanic eruption
- Violent theft by person outside the vessel
- Busting of boilers, breakage of shafts or any latent defeat in the machinery or vessel.
MARINE CARGO
INSTITUTE CARGO CLAUSE 'A'
It covers all risks of loss or damage to Insured consignment as a result of perils of the sea from port of loading to port of discharge and to warehouse.
The covers includes: Fire, Theft, Pilferage, Non-delivery, Short-landing, Vessel, or craft been stranded, grounded, sunk or capsized.
INSTITUTE CARGO CLAUSE 'C'
This clause provided minimum cover on loss or damage due to earthquake, volcanic eruption, craft being stranded, grounded, sunk or washing overboard of cargo.
Oil and Gas Insurance
This policy covers all risks of physical loss and destruction to the insured properties (including Legal liability arising thereof) to the properties of the insured or arising out of the insured's operations (including their agents).
Properties covered under this policy would include the following:¬
- Oil Rigs and Platforms
- Pipe Lines
- Flow Stations
- Gas Terminals
- Farm Tanks
- Operators Extra Expenses
- Cost of Controlling Well Fire
- Cost of Re-drilling
- Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
- Cryogenic Vessels - Hull
Aviation Insurance
The Policy provides cover for loss or damage from whatsoever cause, while the aircraft is in flight, taxing, on the ground and moored.
It also covers Hull war Risks, Spare Parts, Third Party Legal Liability, Passenger's liability, Baggage, Cargo or Mail Liability.
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