Contacts
Address
Nigeria, Lagos , Lagos, 48/50 Odunlami Street P.O.Box 2718
Director
Manager
Phones of enterprise
management
+234
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About enterprise
Niger Insurance, Plc.
Niger Insurance Plc, which has its registered Head Office at No 48/50, Odunlami Street Lagos, was established in August, 1962 as a Specialist Life Company under the name Yorkshire Insurance Company. The public quoted Composite Insurance Company, presently operates with an asset base in excess of N13.7 billion and a fully paid-up of 1.975 Billion and authorized share capital of N3 Billion. The company has a shareholder's fund of over N6.4 Billion.
The Management Team of the company is made up of well trained, highly skilled and competent professionals. The company is fully computerised and relies on the most advanced Information Technology equipment. Its computer network can easily accommodate future expansion in business volume due to an inbuilt flexibility mechanism. The company has also put in place sound reinsurance treaties with first class Reinsurance Companies.
The above qualities, among others, have no doubt enhanced the company's impressive customer patronage, efficiency, financial stability and consistent profitability track record over the years.
This is an important class of business, which should be developed, but profitable underwriting depends on careful selection and an adequate protection in the form of guards, watchmen and locks, bolts and bars.
The business premises policies normally do not cover the risk of:
(i)Larceny
(ii)Master
Group: Insurance upon breakings and thefts
The policy indemnifies the Insured against loss or damage as a result of death or bodily injury occasioned by accidental, violent, external and visible means independent of any other cause. It is a benefit policy and is not subject to the principle of indemnity. Cover is worldwide.
POLICY...
Group: Insurance upon accidents
The purpose of professional indemnity policy is to protect the professional man against his legal liability to pay damage to the persons who have sustained loss arising from his own professional negligence or that of his employees in the conduct of the business.
The policy offers indemnity...
Group: Insurance of the responsibility for professional negligence, negligence
A standard fire policy provides insurance cover against the following perils:-
(a)Fire (limited cover)- limited by the exclusions stated in the policy.
(b)Lightning (unlimited cover)- lightning damage from any source, whether accompanied by rain or not is covered.
(c)Explosion (limited cover)-...
Group: Insurance of real estate
DEFINITION
:
i. A contract of marine insurance is a contract whereby the insurer undertake to indemnify the assured in a manner and to the extent thereby agreed against marine losses, that is to say, the losses incident to marine adventure (M.I.A. 1906)
ii. A contract of marine insurance...
Group: Insurance of marytime transport
This can be classified into the following headings:-
PRIVATE CARS
COMMERCIAL MOTOR VEHICLES
Own Goods
General Cartage
Fare paying and Non-Fare paying Passenger Vehicle
MOTOR TRADE
AGRICULTURAL & FORENSIC VEHICLES
SPECIAL TYPES E.G. AMBULANCES
MOTOR CYCLES
The fact that...
Group: Insurance of automobiles
Introduction
It is frequently thought that goods can be covered under a commercial vehicle Motor policy, this is wrong. Goods carried upon a vehicle can only be covered under the goods in transit policy, but some marine policies may be extended to provide this cover.
Events Insured Against...
Group: Cargo insurance
Types Of Policy
There is really only one of policy; the general TP policy provides cover in respect of third party indemnity only. However, may composite policy contain a PL section of these being?
Contractors all risks
House owners/ householder
Engineering insurance
Golfers...
Group: Voluntary insurance of a civil liability of owners of vehicles
