General Accident Insurance

Consequential Loss

    General Accident Policy Class


This policy is designed for those who have fire policy or those who are proposing to take both policies. This is an insurance against loss of earning power following damage loss caused by fire and special perils. Material loss or damage is not the only effect of any fire or special perils loss. While repairs or replacement is being carried out, normal output is either stopped or restricted, earnings also stop or diminish and many charges or overhead expenses continue to accrue notwithstanding the stoppage. Additional expenses could also be incurred in endeavouring to continue business after the fire by taking up temporary premises, involving hiring of machinery, to continue in business.

Cover provided is briefly:

  1. Reduction in turnover compared with that of the preceding year.
  2. Bears any reasonable expenses, which will hasten resumption of normal business.
  3. Pays fixed charges like rent, interest and rates, which are normally paid even when the business is disrupted.
  4. Wages of Staff whose services may not be dispensed with.
  5. Auditor’s fees engaged to prepare the claims.
  • Lump Sum incase of death as prescribed by policy ...N500,000.00
  • Related Products 

    General Accident InsuranceGoods In Transit (GIT)

    Provision of indemnity for loss of or damage to the property insured occurring during the….

    Engineering InsuranceContractor’s All Risks Insurance Policy

    Covers loss or damage to the items, materials or items supplied by the principal(s), construction….

    General Accident InsurancePublic Liability Policy

    This policy provides indemnity to the insured against legal liability at law for damages and….