Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,695,641 members, 6,354,182 topics. Date: Thursday, 24 June 2021 at 11:42 AM

What You Should Know About Insurance 1 - Nairaland / General (2) - Nairaland

Nairaland Forum / Nairaland / General / What You Should Know About Insurance 1 (1259 Views)

Things Every Lady Should Know Before 30 / Things Every Guy Should Know Before 30 / 5 Nigerian Secret Societies You Should Know About (2) (3) (4)

(1) (2) (Reply) (Go Down)

Re: What You Should Know About Insurance 1 by Insuranceman(m): 2:07pm On Apr 23
MARINE INSURANCE

(a) Cover for Goods: Marine insurance policy provides cover for goods transported by sea from the port/warehouse of embarkation to the port/warehouse of disembarkation. It pays for the goods lost/damaged by accident while in transit.

(b) Cover for Hull: Marine policy also covers ships, boats, or large vessels owned by insured.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 3:01pm On Apr 24
Life Assurance

Death is inevitable hence, it is important that adequate arrangement be made in case of untimely death prior to retirement age and during retirement period. The plight of the family of Assured left behind in case of death is equally important, so adequate life cover needs to be in place.

Life Assurance Plan can be in form of;

1. Personal Pension Plan
2. Whole Life
3. Endowment Assurance
4. Group Life
5. Term Assurance
6. Mortgage Protection Insurance
7. Assured for life education policy

Re: What You Should Know About Insurance 1 by Insuranceman(m): 10:48am On Apr 26
Product Liability Insurance

Product Liability Insurance protects a business from claims related to the manufacture or sale of products, food, medicines or other goods to the public.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 11:07am On Apr 27
Directors/Officers Liability Insurance

Directors & Officers Liability Insurance is payable to the directors and officers of a company, or to the organization(s) itself, as reimbursement for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 10:12am On Apr 28
ELECTRONIC EQUIPMENT INSURANCE

This Policy offers you financial protection in case your electronic equipment suffers accidental mechanical and electrical breakdown requiring repairs and/or replacement.

The policy covers all types of computers, telecommunication instruments, machine for medical use etc.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 10:39am On Apr 30
Money Insurance

This policy is designed to cover organizations and individuals that handle and transact cash in large volumes against loss of own money or money for which the insured is responsible.

Money insurance policy provides cover for loss of money in transit between the insured’s premises, bank and other specified places occasioned by robbery, theft or any other fortuitous cause. It also provides cover for loss of money in the business premises, safe or vault, etc.

This policy provides cover for:

Cash in Transit
Cash in Safe/Vault
Cash in premises

Re: What You Should Know About Insurance 1 by Insuranceman(m): 5:35pm On May 01
CONTRACTORS ALL RISKS INSURANCE

This policy protects any building or civil engineering project against unforeseen accident resulting in physical damage to or destruction of works-in- progress and works after completion, during the maintenance period and third party liability arising out of the execution of the building or structure.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 12:20pm On May 05
Children Education Plan

Owning a child education policy with a reputable insurance firm is your best bet to give your children the much desired life devoid of stress. Payment of school fees becomes relatively easier and stress less. Even at death, the policy would give the children the required cover all through their life.

Take an education insurance plan today.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 11:43am On May 07
Public Liability Insurance

Public liability insurance is designed to protect you from basic accidents. If a customer trips and falls on the sidewalk outside of your retail store she may sue you for damages. General liability insurance coverage protects you from losses due to suits of this sort. It also helps protect your business from potential hazards or problems you may not have previously considered.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 1:26pm On May 08
Insurance

Insurance is the transfer of risk from the client (individuals or companies) to the insurance company. It is the pooling of funds out of which compensation is made to the unfortunate ones.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 5:53pm On May 13
Health Care Professional Indemnity Insurance

The Health care Professional Indemnity Insurance is highlighted in Section 45 of the National Health Insurance Scheme Act 1999.

This law is mandatory for all medical professionals working in NHIS. It provides compensation for the NHIS patient who suffers death, sickness, permanent disability, partial disability and injury by shock from the mistakes, errors, negligence and acts of commission or commission of medical practitioners and institutions.

The claims benefit under this cover could be up to N2m for death and permanent disability, while it could be up to N5m, when such case involves foreign medical expenses.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 1:19pm On May 17
Insurance is there to provide relief in the event of eventuality. Take one today.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 5:17pm On May 21
You can't predict when things will go wrong in life, but having the right cover in place means there is always a plan to recover.

Take an insurance policy today!

Re: What You Should Know About Insurance 1 by Insuranceman(m): 1:04pm On May 29
Insurance Education

Many do not have any insurance. That is not a crowd you want to be part of.

Be guided!

Re: What You Should Know About Insurance 1 by Insuranceman(m): 1:37pm On Jun 02
Take an insurance policy for your home today! Insurance reduces the financial strain anytime an unfortunate event occurs.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 11:15am On Jun 05
Whatever is worth having is worth insuring.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 2:30pm On Jun 06
Be guided!

Re: What You Should Know About Insurance 1 by Insuranceman(m): 1:27pm On Jun 07
Take a personal accident insurance today!

Re: What You Should Know About Insurance 1 by Insuranceman(m): 12:03pm On Jun 08
Take an Insurance policy to avoid stories that touch.

Best regards

Re: What You Should Know About Insurance 1 by Insuranceman(m): 4:44pm On Jun 10
Buy an Insurance Policy today!

Re: What You Should Know About Insurance 1 by Insuranceman(m): 6:53pm On Jun 14
Protect what you value with an Insurance Policy.

Re: What You Should Know About Insurance 1 by Insuranceman(m): 2:28pm On Jun 15
History of Insurance

(1) (2) (Reply)

Who Is Tosin Odunfa? | Nigerian Who Ordered Soyinka Out Of His Seat / MatureMe - I Just Registered Tonight / My Husband Is A Snake

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 72
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.