On purchase of insurance, they issue us a contract signed by the two parties – you and your insurer. We should keep this contract in uttermost confidence, as it is our legal ground for claims and bridge of contract. However, when required to show proof of insurance to third parties, brandishing your contract might not […]
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Insurance Technology Trends in 2023
Insurance involving a lot of paperwork and physical meetings is quickly becoming a thing of the past. This is because of emerging technologies trends in the insurance industry. There are quite a number of opportunities in the insurance world and always jobs in demand Today, you are one click away from purchasing insurance on your […]
Principles of Insurance Explained
The purpose of getting yourself insured is to guarantee compensation for specified loss, damage, illness, or death. It is important for you to prepare against any eventualities, and when doing this, you want to do it right. Unfortunately, many people dabble into insurance agreements without equipping themselves with sufficient knowledge as to how it works; […]
Contractor All Risk Insurance Explained
Heard about insurance? Then you should be familiar with the overall idea of risk mitigation or transfer. However, going a little deeper into the different insurance, there is a particular type called the Contractor all risk insurance (CAR). Although it operates as ordinary insurance would, they design it to provide cover for the primary risks […]
Agricultural Insurance – What you should know
Although one of the most profitable businesses you can engage in today, agriculture is also very volatile. From farm produce to crops and livestock, a disease could ruin millions or a flood destroy seedlings. Therefore, what’s certain is that you need a way to mitigate risks and save costs in case of eventualities. Therefore, you […]
Nigeria Social Insurance Trust Fund (NSITF) – Everything you should know
In today’s world, many employers take advantage of employees through poor working conditions, health benefits, and no security. You do not have to literally work under harsh conditions like in a factory for an employer to take advantage of you Standing up is difficult for many and is the reason the Nigeria Social Insurance Trust […]
Employer’s Liability Insurance in Nigeria Explained
Insurance is all about providing financial compensation in the event of an insured loss. As an employee, your life is most valuable, which is why the Pension Reform Act, 2014 was in place. Employer’s liability insurance in Nigeria provides compensation for the family of employees, in case of untimely death, disappearance, or disability while in […]
Micro Insurance in Nigeria – What you should know
Although insurance is common and subscribed to by many industries with high-risk operations. However, there remains most small to medium-sized enterprises (SMEs) that cannot afford insurance. This led to the emergence of micro-insurance in Nigeria. Microinsurance explained Micro-insurance is the protection of low-income earners against certain risks. It operates like regular insurance and requires regular […]
Insurance Claims Management Explained
Almost everyone is conversant with the basic principles of insurance and how insurance policies work. First, you identify which type of coverage you’ll be needing; whether it is homeowner’s insurance, auto insurance, health insurance, liability insurance, marine insurance or fire insurance. Then you look at insurance companies, sifting through the ranks till you find one […]
Top 10 List of Engineering and Construction Companies in Nigeria
We’re guessing what’s coming to mind: “Nah, this headline is cliche. Top 10 Engineering Companies in Nigeria? How do they even measure excellence? Besides, there are a number of companies in Nigeria that deliver different construction and engineering services; so get your wits together”. We wholeheartedly relate with these pain points, except for putting our […]