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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.






Plans

Choose the Business Insurance Plan (BIP) that works for you






Covers
SMEASY BASIC
 52,000

CHOOSE
SMEASY CLASSIC
 110,000

CHOOSE
SMEASY PRO
 189,950

CHOOSE
SMEASY PRO+
 319,900

CHOOSE
Standard Covers Limit of Coverage Limit of Coverage Limit of Coverage Limit of Coverage
Business Content
1,000,000
5,000,000
10,000,000
20,000,000
SME Life
Per Staff - 500,000 Company Limit - 2,500,000
Per Staff - 500,000 Company Limit - 5,000,000
Per Staff - 1,000,000 Company Limit - 10,000,000
Per Staff - 1,000,000 Company Limit - 20,000,000
Group Personal Accident
Per Staff - 100,000 Company Limit - 500,000
Per Staff - 200,000 Company Limit - 1,000,000
Per Staff - 300,000 Company Limit - 1,500,000
Per Staff - 400,000 Company Limit - 2,000,000
Public Liability
1,000,000
2,000,000
2,500,000
3,000,000
Health
500,000
1,000,000
1,500,000
2,000,000
Optional Covers
Limit of Coverage Limit of Coverage Limit of Coverage Limit of Coverage
Building/Premises
10,000,000
20,000,000
30,000,000
50,000,000
Additional Premium

 25,000

 50,000

 67,500

 112,500

Professional Indemnity
1,000,000
2,500,000
5,000,000
10,000,000
Additional Premium

 15,000

 37,500

 75,000

 150,000

Stock
5,000,000
10,000,000
20,000,000
30,000,000
Additional Premium

 32,500

 65,000

 130,000

 195,000

Motor
4,000,000
8,000,000
12,000,000
20,000,000
Additional Premium

 113,600

 215,200

 304,800

 478,000



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