Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide
Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide
Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide
Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide
Prestige Assurance Plc, is one of Nigeria's leading general insurance Company with offices nationwide
SME BLANKET is designed to provide you protection with our combined Fire/Burglary, Public Liability, and Group Personal Accident Insurance for Small and Medium Sized Enterprises against unforeseen events and risks. The prime purpose is to indemnify you in the event you sustain any loss or damage to your premises during the period of insurance. The product also
provides cover for injuries to you and your employees and also covers occupier's liability against legal suits relating to injury or loss suffered by visitors in the insured's premises.
ELIGIBILITY - Small & Medium Enterprises
FEATURES AND BENEFITS
SME Blanket insurance product is a bundle product and is positioned as a one-stop insurance product for Small & medium
Enterprises (SMEs) that covers the following insurable risks to which those business assets are exposed.
Building (Fire/Burglary) |Contents | Public Liability | Group Personal Accident | Local Travels (Personal Accident)
PREMIUM PAYABLE
The product is split into Basic, Standard, Premium and Supreme levels and the split is dependent on the size of the SME.
SME Insurable risks, Product Levels, Cover Limits and Premiums
Product Levels |
Basic |
Standard |
Premium |
Supreme |
SME by size(Insurable Risks) |
N1M – N9.99M |
N10M – N19.99M |
N20M – N49.99M |
Above N50M |
Building (Fire/Burglary) |
Limit of N5M |
Limit of N10M |
Limit of N20M |
Limit of N50M |
Contents |
Limit of N1M |
Limit of N2M |
Limit of N3M |
Limit of N5M |
Public Liability |
Limit of N5M |
Limit of N10M |
Limit of N15M |
Limit of N25M |
Group Personal Accident |
Limit of N5M |
Limit of N10M |
Limit of N15M |
Limit of N25M |
Local Travels Personal Accident |
N20,000.00 |
N30,000.00 |
N40,000.00 |
N50,000.00 |
Excess on Building/ Content Claim |
N20,000.00 |
N30,000.00 |
N40,000.00 |
N50,000.00 |
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Total Annual Premium |
N 60,000.00 |
N120,000.00 |
N200,000.00 |
N440,000.00 |
GENERAL CONDITIONS
The Sum insured for each Building and content as specifed in the policy schedule will be the Company’s maximum liability.