SME Blanket

SME-Blanket

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

 

 

 

 

 

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.