Even though many policies are not compulsory, there are some mandatory insurance policies in Nigeria. It is required by law that an individual or institution have them. This requirement works well for insurance companies and insurance brokers. Below are six of the mandatory policies in Nigeria. Third Party Motor Insurance Employee Life Group Health Care…
Special perils in insurance includes risks such as fire and other natural disasters. Since the beginning of the year, the world has experienced one natural disaster after another, apart from the COVID- 19 pandemic. To appreciate the value of an insurance policy, we have put together a list of special perils that a property insurance…
A layman can find common insurance words confusing. Moreover, not knowing the meaning of these terms may not be helpful to potential clients. Whilst an insurance firm and an insurance broker know these words, a client may not be as aware. However, knowing common insurance words and their definition help to keep customers informed. Accident…
There are many interesting facts about insurance. We look closely at five of them.