I have a very limited understanding of how insurance work generally, but I know that the purpose is so that the insurance company will help you get back to your feet after a loss.

My questions are:

1. Do insurance companies in Nigeria pay?

2. Should a start-up insure the business?

3. When is it advisable to take an insurance cover and when shouldn't I?
4. Name the most reliable insurance companies in Nigeria.
5. Can one do business with or obtain loan from an insurance company?

CC:
Dominique, Puskin, Lalasticlacla