The Leadway Business Owner Support Scheme – available with five different levels of cover is designed to help protect small- and medium-size businesses against the following risks:
- material damage to your business premises and their contents (e.g. computers, stock, items belonging to customers)motor vehicle insurance cover against fire, lightning, limited explosion, earthquake, volcanic eruption, malicious damage, strike, riot, flood, storm, impact and burglary* (*burglary cover applies to contents only) cover can extend to all your business premises
- comprehensive cover – subject to an excess – for all vehicles operated by your business against theft, damage, fire and towing costs, and up to ₦1,000,000.00 of claims from third parties for death, injury and damage employee life assurance death-on-service life cover worth 3 x your employee’s annual salary as required by the Pension Reform Act
- employee medical expenses cover against medical expenses incurred by your employees as a direct result of an accident at work
- occupier’s liability cover against legal suits relating to injury or loss suffered by visitors to your premises
Annual cover starts from just ₦9,2750.00
You can purchase additional cover for an increased premium.
You can make changes to the policy (eg adding more vehicles, or amending the sum insured) during the policy year for an administrative fee.
The premiums quoted above are for annual cover paid in full at the time you take out the policy. If you prefer, you can pay your premium in two, four or 12 installments during the year for an additional fee.
You have the right to cancel your policy and receive a full refund of premiums paid if you do so within seven days of receipt of the full policy documentation. If you choose to cancel the policy after that, you will be refunded only any unearned premium.