Health insurance essentially covers the basic health medical bills of everyone under the policy. It works by spreading the risk over a group of people like families, or a company. Today, there are several health maintenance organizations in Nigeria that are mediating on behalf of the hospital and patients. Therefore, they are more or less […]
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Fleet Insurance – Everything you should know
If you are a business owner or an individual with two or more vehicles, then Fleet Insurance and Transit Insurance is an insurance policy you must acquire. Basically, this insurance policy makes it possible for you to insure different vehicles. This includes mini-busses, trucks, taxis, and HGVs. In this article, we discuss explicitly all that […]
Commercial Insurance explained
Running a business is associated with numerous seen and unforeseen risks that generally leads to unpredictable outcomes. Therefore, there is a need for you to purchase insurance to protect your business, employers and overall ownership. Also, there are a ton of options to choose from, but since we are considering a business, commercial insurance is […]
List of health insurance companies in Nigeria
There are health insurance companies in Nigeria, you should know. The health sector is one of the most vital sectors in the world, with billions being pumped in per day to create a better life. Also, the emergence of the insurance industry has created a merger from which everyone can benefit. Therefore, we can protect […]
How Insurance can help you maintain your car
This life itself is a risk. We live a life full of risks and unexpected situations. In fact, in a twinkle of an eye, several events may unfold. However, seeing that we live in a life full of unexpected situations, the best way to secure yourself and your properties are by leveraging Insurance policies. One […]
Insurance Underwriters in Nigeria explained
The Insurance industry, just like the human body, is one with several parts. Each part has its specific functions and roles. In fact, when one part isn’t functioning well, the other is affected. In short, the insurance industry is a united one with several departments, all working towards the success of the industry. One of […]
Letter of indemnity – What you should know
A contractual agreement comes with different rules and guidelines that cater to the need of both parties as required, in insurance we call it indemnity clause During the contract phase, documents are shuffled to and from, with letters sent across too. However, this also does not stop even after the contract is in place, and […]
Indemnity clause agreement explained
In the business world, every agreement is bound by a legal contract which is mostly enforceable in the court of law. The contract protects the interest of the two parties. It ensures that they both succumb to the terms earlier agreed at the point of signing. More so, an indemnity clause is one of the […]
Principles of Insurance
The purpose of getting yourself insured is to guarantee compensation for specified loss, damage, illness, or death. It is therefore important to get yourself saddled up enough to face any eventualities. And, when doing this, you must ensure to do it right. That is where the principles of insurance come in Unfortunately, many people dabble […]
How to start Insurance companies in Nigeria
Insurance is an important part of our daily activities. This is because we live in a world full of uncertainties. For this reason, people need insurance coverage to protect themselves, their families, businesses, and properties. This makes owning insurance companies or business a very good one, majorly because it does not depend on the economy […]