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SME BUSINESS INSURANCE PLAN

SME Business Insurance Plan

The SME Business Insurance Plan (BIP) protects small and medium enterprises against various business risks. The SME Business Insurance Plan (BIP) offers you a bouquet of insurance solutions that helps you transfer the risks away from your business.
These solutions include Business Content, Group Personal Accident, SME Life, Health Care, Public Liability, Optional Covers, Professional Indemnity, Comprehensive Motor Insurance, Stock and General Conditions.






Plans

Choose the Business Insurance Plan (BIP) that works for you




Covers

Standard Covers

Business Content

SME Life

Group Personal Accident

Public Liability

Health

Optional Covers

Building/Premises

Additional Premium

Professional Indemnity

Additional Premium

Stock

Additional Premium

Motor

Additional Premium

smeeasy basic

 52,000

Limit of Coverage

1,000,000

Per Staff - 500,000

Company Limit - 2,500,000

Per Staff - 100,000

Company Limit - 500,000

1,000,000

500,000

Limit of Coverage

10,000,000

₦ 25,000

1,000,000

₦ 15,000

5,000,000

₦ 32,500

4,000,000

₦ 200,000

smeeasy classic

 110,000

Limit of Coverage

5,000,000

Per Staff - 500,000

Company Limit - 5,000,000

Per Staff - 200,000

Company Limit - 1,000,000

2,000,000

1,000,000

Limit of Coverage

20,000,000

₦ 50,000

2,500,000

₦ 37,500

10,000,000

₦ 65,000

8,000,000

₦ 400,000

smeeasy pro

 189,950

Limit of Coverage

10,000,000

Per Staff - 1,000,000

Company Limit - 10,000,000

Per Staff - 300,000

Company Limit - 1,500,000

2,500,000

1,500,000

Limit of Coverage

30,000,000

₦ 67,500

5,000,000

₦ 75,000

20,000,000

₦ 130,000

12,000,000

₦ 600,000

smeeasy pro+

 320,100

Limit of Coverage

20,000,000

Per Staff - 1,000,000

Company Limit - 20,000,000

Per Staff - 400,000

Company Limit - 2,000,000

3,000,000

2,000,000

Limit of Coverage

50,000,000

₦ 112,500

10,000,000

₦ 150,000

30,000,000

₦ 195,000

20,000,000

₦ 1,000,000



Frequently Asked Questions



A one-stop business insurance solution that addresses the exposures/risk of small and medium enterprises


Basic Insurance Covers:

  • Business Content, SME Life, Personal Accident, Public Liability and Health.
  • Optional Covers:Building/Premises, Professional Indemnity, Stock and Motor.
  • Premium Payment: Annually, Semi-Annually, Quarterly, Monthly, (Premium mark-up applies)
  • Payment Frequency - Once Annual Minimum Payment - N52,000
  • Annual Minimum Payment - N52,000


  • Affordable, along with the fact that there are payment plans
  • One-stop solution, simple, easy to buy, and easy to understand risk solution
  • Ensures business continuity and stability

No. You can not buy the basic plan. The next plan will be suitable for your need.


No. The standard cover is compulsory


Yes


Yes. Additional premium must be paid for the staff.


We will offer you free cancellation within the first 7 days provided no claim has been incurred and refund the full premium paid. However, if any incident or accident giving rise to a claim has occured, there will be no return premium.


To have a higher sum insured means that we will have to price you separately and access the risk differently