The provisions of Section 9(3) of the Pension Act 2004 which makes it mandatory for all government and other organizations to institute a Group Life Assurance Scheme for their staff.
You may wish to recall that the old Unified Pension Scheme ended on June 30, 2007, hence the need for a new scheme effective July 2007. The implication of not embracing the new scheme means that in case of unexpected, the employees of the High Court will not be provided for and compensated under the Death-in-Service benefit scheme. This no doubt leaves the dependants of such employees helpless after the death of their breadwinners.
Also, against the provisions of Sections 64 and 65 of the Insurance Act 2003, the vast assets of the courts, including buildings, equipment, vehicles, etc are left uninsured and are thereby being exposed to high risk of loss.
FIRE AND BURGLARY
Your office premises, warehouses and other properties can be insured with us against fire and burglary. While our fire policy indemnifies against material losses suffered as a result of fire, lightning, explosion on building and contents therein, the burglary policy provides for losses suffered as a result of burglary at business premises evidenced by violent, visible and forcible entry.
For a token extra premium, the fire policy can be extended to cover other special perils such as storm, flood, bush fire, riot, strike and civil commotion and malicious damage.
Please note that Long Term Agreement of 5% for 3years and 7.5% of 5years
can be granted on the premium.
Motor Insurance (e.g. cars, jeeps, trucks, trailer etc)
The company’s motor vehicles and any mechanically propelled vehicle owned in your custody can be insured at generous terms and conditions.
The Private vehicles of your employees can be similarly insured by us. A blanket scheme can be put in place such that any employee’s vehicle is automatically insured.
Your employees also have the option of insuring on a comprehensive or third party basis.
The company and the employees can derive the following benefits from our comprehensive cover:
- Compensation for loss or damage to vehicles as a result of accident, fire or theft.
- Unlimited compensation for third party bodily injury claims.
- Indemnity for third party property damage of up to N1,000,000.00
- Generous no-claim discounts.
- Medical expenses cover for driver and any occupant of the vehicle at time of accident.
Workmen Compensation Insurance
Under the Workmen’s Compensation Decree of 1987, an employer is liable to pay compensation for death or injury suffered at work in respect of its Workmen. Our insurance policies will indemnify you for all the benefits required by the Decree such as death, or disablement to employees in addition to providing unlimited medical expenses covers for all members of staff insured.
Goods in Transit Insurance
We also propose this to provide cover for loss, destruction or damage to your goods or those held in trust or commission by you whilst in transit to any part of the country.
The policy also covers damage to the goods during loading and unloading as well as when the goods temporary housed in the course of transit.
Group Personal Accident Insurance
Our Group Personal Accident Insurance cover is flexible and can be tailor made to suit your requirements. It can be arranged to provide cover for Death, Permanent or Temporary Disablement, as well as medical, surgical and hospital expenses incurred as a result of accident.
In this case too, we are prepared to carry all risks or participate as a co-insurer if necessary.
Plants All Risks Insurance (grader, rollers tractors, payloader etc)
The policy covers loss of and/or damage to Insured’s plant and equipment arising out of fire, lightening, storm, theft or attempted thereat and accident damages.