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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.
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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
Additional Premium
Professional Indemnity
Additional Premium
Stock
Additional Premium
Motor
Additional Premium
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
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
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
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