Plant All-risk Insurance

This policy provides cover for plants and machinery against unforeseen physical loss or damage that may arise from the occurrence of perils that are not specifically excluded from the cover. Basically, it provides cover for fire and accidental damage to the insured plant including theft and burglary.

Cover:

Accidental damage or loss to machinery caused by fire, burglary, theft, faulty operation, fall and impact of foreign object, collision, and natural perils.

Cover is applicable to the Machinery described in the insurance schedule while in operation or at rest or being dismantled for the purpose of cleaning or inspection or removal to another working position.

Benefit:

  • Compensation for loss or damage arising from an insured peril
  • Third party legal liabilities
  • Provides coverage for wide range of incidents

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Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas.

The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.

Contact

Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

Copyright © 2020 Guinea Insurance Company Limited RC1808. Authorised & Regulated by the National Insurance Commission RIC N0. - 017