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1. INSURANCE PROPOSAL
2016

2. RISK MANAGEMENT AND INSURANCE PROPOSAL
We are delighted to introduce our Company, Ensure Insurance Plc. (formerly Union Assurance
Company) and hereby seek to be appointed as your partner to cater for your insurable risk exposure.
We are a composite insurance company with good pedigree built over time.
Our goal is to strengthen your risk management objectives by complementing it with our value additive
and risk optimizing insurance solutions.
We believe that there is a strong need for you to adopt a strategic approach into addressing inherent
and associated risks issues across your operations which have the potential reducing the efficiency of
the association.
We have two (2) broad categories of risk management options. They are General Insurance products;
and Insurance/Benefit products for employees. We hereby present the following for your
consideration.
GROUP LIFE INSURANCE
Group Life Assurance provides lump sum benefits for the dependents of an employee at his/her death.
The sum assured is usually expressed as multiples of the employee’s salary; however, law stipulates a
minimum of three times the annual salary. Features include:
 The death benefit, that is the sum assured, is payable upon death (whether natural or
accidental) of a member while still covered under the scheme.
 Cover automatically ceases upon separation of a member from the organization or on
attainment of the age of 65years.
 Members of the scheme may be required to undergo a medical examination at our expense.
This however is dependent on the number of staff and the sum assured.
GROUP PERSONAL ACCIDENT POLICY
It covers the person(s) insured against the risks of death, permanent disablement or injuries resulting
from external and violent means occurring worldwide. It also covers medical expenses as a result of
the injury.
The cover can be arranged:
 On full 24 hours basis
 In respect of occupational accidents only (very rare)
 Restricted to non-occupation accidents

3. BENEFITS
There are four (4) benefits derivable under this cover and it is described under the workmen’s
compensation Decree.
The only difference is that this can be made flexible and as long as the proposer can pay premium
according to their request.
The benefits are as indicated here under:
a) Death
b) Permanent disability
c) Temporary total disablement
d) Medical expenses
WORKMEN’S COMPENSATION POLICY
The Principal Legislation on Workmen’s Compensation in Nigeria is the workmen’s Compensation
Decree of 1987.
WHO NEEDS A WORKMEN’S COMPENSATION POLICY
As one will appreciate, workers are exposed to different hazards in the course of their employment.
These hazards may often lead to death or bodily injury that may make him or her unable to work again.
Such hazards may lead to the death of the workman and compensation would be made payable to
his/her dependents.
Therefore, anybody in one type of employment or the other would require this type of cover i.e.
anybody that has entered into or is working under a contract of service or apprenticeship with an
employer by way of manual labor, clerical work or otherwise. This contract may be expressed or
implied, oral or written.
The scale of benefits (i.e. the scope of cover) afforded by workmen’s compensation policy is as
indicated below:
 Death resulting from injury – work related activity
 Permanent Total disability
 Temporary total disability
 Medical Expenses
EMPLOYER'S LIABILITY
In general, employers may be held liable for an accident arising out of the general course of
employment. In some jurisdictions, it is possible for the employee to take legal action against the
employer to recover damages for harm caused by the employer's negligence.

4. Employers' Liability Insurance protects your business against lawsuits due to employment-related
injuries or illnesses (Liability to employees for work-related bodily injury or disease). The lawsuits can
come from the employee, his/her family members, relatives and third parties. The Employers' Liability
provides additional coverage included in Workers' Compensation policies. Employees who are injured
due to an employers' negligence can pursue their employer for compensation even in case the business
goes into liquidation. Employers' Liability will not cover you against claims such as wrongful dismissal,
sexual discrimination etc.
Medical care, temporary disability benefits, permanent disability benefits and death benefits are the
benefits covered.
PUBLIC LIABILITY
Public liability insurance covers you if a member of the public is injured on your premises due to
negligence. Your insurance policy will cover all legal and medical costs. Your policy should also include
any potential compensation pay outs including ongoing disability payment costs. In today's litigious
society these costs can be huge.
This policy also covers the insured against legal liability to a third party for cost and expenses incurred
in respect of accidental death, bodily injury and accidental damage to property occurring within the
insured's premises or at work-away premises. The vicarious liability of the insured's employee can also
be covered provided it arose in the course of carrying out his official duties
This covers any liability caused by the insured to third party i.e. the public, visitors to the insured’s
premises, insured’s neighbor and any person or company to which insured is a contractor, due to
negligence of the insured in carrying out its activities or business in any place which resulted into
 Accidental bodily injury to or illness of any person (whether or not death results)
 Accidental loss or damage to third party property
However such accident must occur during the period of insurance.
PROFESSIONAL INDEMNITY POLICY
This is a form of protection for the insured against legal liabilities that may arise by reason of any
neglect, error or omission committed in a professional capacity by the person insured or by any
partner, director, person who may be in the insured’s employment. However, the act leading to the
claim must be committed within the period stated on the policy.
The policy covers all costs legal charges and expenses required to prosecute the case. Though the claim
must be contested by the insured at the request of the insurer.
FIDELITY GUARANTEE
This class of insurance is designed to cover the insured (business organization) against losses
emanating from dishonesty, stealing, misappropriation, embezzlement or fraudulent conversion of

5. insured’s money or stock/goods by any of his employees. These acts must be carried out by the
employees in connection with their occupation during the period of the guarantee and discovered
while the fidelity guarantee policy is still in force or within a particular period (6-18 months) of its expiry
or termination of the employee’s employment whichever shall first happen.
ALL RISKS COVER
This is the widest form of cover that is available for items like jewelries, paintings, portable computers,
camera and other movable tools of trade. This provides cover beyond the normal purview of fire and
burglary policies because loss of the subject matter of insurance due to accidents, larceny, and
infidelity as well as when the property is being carried from one place to another. The property is also
covered when temporary housed in the course of moving it from one place or another. If you look at
the term “all risks” it is a misnomer because it is not all the risks that are covered. There are some
exceptions.
ELECTRONIC EQUIPMENT INSURANCE POLICY
SECTION 1: MATERIAL DAMAGE:
Covers unforeseen and sudden physical loss or damage from any cause other than those specifically
excluded in a manner necessitating repair or replacement
SECTION 2: EXTERNAL DATA MEDIA:
This covers external data media entered in the schedule of the policy inclusive of the information
stored there which can be directly processed in EDP systems which suffer any material damage
identifiable. The company will indemnify the insured in respect of such loss or damage up to an
amount, in any one year of insurance in respect of each data specified in the schedule. Please note
that this section of the policy should be granted with caution.
SECTION 3: INCREASED COST OF WORKING
This covers additional expenditure incurred for the use of substitute EDP equipment not covered under
this policy up to an amount not exceeding the agreed indemnification per day and not exceeding sum
insured in anyone year of insurance.
GOODS – IN – TRANSIT INSURANCE
This is an insurance cover taken by a company such as yours to cover your equipment against fire, theft
or accidental damage while the its being loaded or unloaded from any road vehicle, passenger or goods
train or whilst temporarily housed in the ordinary course of transit provided the goods are to be moved
within the territorial limits of Nigeria by whatever means of transportation, a GIT policy covers all risks
associated with the movement.
The basis for cover could be for a single transit or an annual cover based on your choice of cover.

6. FIRE AND SPECIAL (EXTRANEOUS) PERILS POLICY
This type of policy will provide indemnity to the insured in the event of loss or damage to property
covered under it as a direct result of fire outbreak, lightning or explosion. Other extraneous perils such
as social disturbances like strikes and riots; and natural disasters like storm damages, flood and
earthquakes can also be covered by an extension of the standard scope of the cover. The items to be
insured are usually made up of the following:
 Buildings
 Office furniture, electrical & electronic equipment
 Plant and machinery
 Stock of raw materials and finished goods
 Loss of annual rent for alternative accommodation.
The policy also contains various other extensions that are granted at no extra cost to the policyholder.
BURGLARY INSURANCE COVER
The policy covers the insured against loss or damage to his property accompanied by actual forcible
and violent breaking into or out of a building or any attempt thereat. The policy covers not only goods
belonging to the insured but also goods held in trust or on commission while within his premises. Our
policy wordings does not differentiate between burglary private premises and burglary business
premises but this will be noticed either through the proposal form completed or broking slips or
through survey. And as soon as this is noticed appropriate clauses and warranties should be
incorporated into the policy document.
MOTOR INSURANCE
We offer a range of competitively priced comprehensive vehicle insurance specifically and exclusively
designed for you. The comprehensive policy protects against accidents, theft, vandalism, bodily injury
and provides for other special benefits
OUR VALUE PROPOSITION
We pride ourselves in excellent service delivery through means that include;
 Dedicated Relationship Officer: an account officer is assigned to manage the relationship to
ensure that your needs are constantly been met in a timely manner.
 Prompt Claims Settlement : We will settle all claims 24 hours after the execution of the Discharge
Voucher
 Risk Profiling: You need to know, understand and outline a strategy to manage all your risks. We
can partner with you in this process by supporting you with risk reports.
 Convenience: We leverage technology as a major enabler. You can enjoy our value add services
through multiple channels.

7.  Product Solutions: Products are mapped to specific risks to ensure that you are comprehensively
covered on all classes of insurable risks.
To this end, we look forward to partnering with your organization in meeting and exceeding your
insurance and risk management needs.
We will be available to make further presentation at your earliest convenience. Should you require
further assistance please do not hesitate to contact us.
Thank you for the kind consideration.
Yours faithfully,
For: ENSURE INSURANCE Plc
Paul Mindapa
Unit Manger
paul.mindapa@ensure.com.ng
M:0806 009 2797
P: 0809 021 3493