Best Insurance Companies For Shop Owners and Businesses In Nigeria
As a business owner who is serious about his business, the next step you need to take after establishing your business is to get insurance coverage for your business. However, these days getting a reputable insurance company for your business can be challenging. This is because they are many counterfeit insurance companies posing as genuine companies and if care is not taken, one may fall victim to it. So, you’ll agree at this point that getting the best insurance company for your business is paramount. In this article, we would be listing the best insurance companies for shop owners and businesses in Nigeria you should go for as a business owner. Let’s get into it already:
AXA Mansard Insurance PLC
If you’re looking for an insurance company that would be reliable for your small business, then AXA Mansard Insurance is the best choice for you. They have earned a reputation for being trustworthy and being one of the giants in the insurance industry.
Aside from being just an ordinary insurance company, they offer services that would fit your business no matter the size. AXA Mansard Insurance has been in existence for over 28 years which means your money or business is safe in their care.
All kinds of insurance services are offered by AXA Mansard Insurance PLC. They offer fire insurance in the case of a fire outbreak, they offer burglary insurance in the case of theft or forceful penetration to your store. That’s not all, they offer motor insurance, special peril insurance, public liability insurance, and marine insurance.
Leadway Assurance Company Limited
Leadway Assurance Company Limited is another top insurance company in Nigeria. What makes this insurance company stands out is the speed at which they settle their clients when damages of any form occur. This is because, unlike other insurance companies, they have enough staffs which are experts in the field and know what the job entails.
As a small business owner, it may be challenging to carry out all the tasks alone. Leadway Assurance Company Limited knows that that is why they offer their services specifically to meet the needs of their clients.
Their services include business interruption insurance, fire insurance, motor insurance, public liability insurance, and employer’s liability insurance to name just a few.
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AIICO Insurance PLC
When speaking about the best insurance companies for shop owners and businesses in Nigeria, the list wouldn’t be complete without AIICO Insurance PLC. They may sound like a new company, but that’s where you may be wrong. They have been in existence for over 50 years.
In the years that they have been in operation, they proved to be very reputable and reliable in giving out quality services to their clients.
Just like the two insurance companies mentioned earlier in this article, they offer services that are fitting to the business of their clients. They offer services such as marine insurance, motor insurance, burglary insurance, employer’s liability insurance, public liability insurance, and fire insurance to just mention a few.
Cornerstone Insurance
Cornerstone Insurance, just like AIICO insurance, may sound new to you. However, it may surprise you that they have been in existence for over 30 years. They are one of the best insurance companies for shop owners and businesses in Nigeria.
They were initially a private limited company before later evolving to be a public limited liability company. Despite that, they have been top when it comes to providing the best services for their clients.
They have services such as marine insurance, travel insurance, motor insurance, retirement plan, and many more services.
NEM Insurance PLC
NEM Insurance PLC is also among the top insurance companies for shop owners and businesses in Nigeria. This insurance company has a trustworthy reputation and stands out for its unique mode of operation.
They are known for providing top-notch service to their clients. Once investigations have been carried out on the property, be sure that the affected client would receive reimbursement.
They offer services similar to those that have been mentioned above such as motor insurance, marine insurance, fire insurance, burglary insurance, employer’s liability insurance, and public liability insurance.
Royal Exchange Insurance PLC
Royal Exchange Insurance PLC offers services designed for sole proprietors of any kind. Whether you own a restaurant, retail shop, or any kind of service, you get to benefit from their fine insurance plan.
Royal Exchange Insurance PLC staff are trained to distinguish types of risk in any industry that you may be in. They are also experts in navigating losses of any kind that may arise as a result.
They offer services such as fire insurance, burglary insurance, employer’s liability insurance, public liability insurance, marine insurance, and motor insurance.
FAQs
Which is the leading insurance company in Nigeria?
Many top insurance companies in Nigeria stand out for their reputation and mode of operation. Some of the most recommended insurance companies in Nigeria include Leadway Assurance, AXA Mansard Insurance, and AIICO Insurance PLC, to mention just a few.
Which company gives the best insurance?
The company that provides the best insurance service is AXA Mansard Insurance PLC. Other companies provide unique exceptional services too. Leadway Assurance, AIICO Insurance PLC, and Cornerstone Insurance PLC are just some of them.
Is AXA Mansard Insurance PLC legit?
Yes. AXA Mansard Insurance is a legitimate insurance company that offers the best insurance coverage to its clients.
What insurance is most important for a business?
The most important insurance for a business is the general liability insurance. This insurance provides cover in the event of bodily harm, property damage, etc.
Can I trust Leadway Assurance?
Yes. Leadway Assurance is one of the most reputable insurance organizations in Nigeria. They have been in existence for years and have the best underwriters that can analyze the type of insurance that would be suited for your business.
Conclusion
As a business owner in Nigeria, you must insure your goods and properties in the event of any loss. In this article, you’ve read about the best insurance companies for shop owners and businesses in Nigeria. The insurance companies mentioned in this article, are the ones with high reputations and high levels of experience. So, do well to place these as your first choice when choosing an insurance company for your business.
