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  • Email: info@uvib.com.ng

Other Insurance Services

FIDELITY GUARANTEE INSURANCE POLICY
This policy indemnifies the Insured against loss of money/ goods as a result of fraud/dishonesty of an Insured employee.
Guarantee is provided for specific amount per employee or designations and the premium payable is computed on the total amount.

PLANT ALL RISK INSURANCE
This policy provides cover in respect of plant and machinery specified in the policy as a result of unforeseen, sudden physical loss as a result of:
fire,
theft and
Impact damage.

GOODS IN TRANSIT INSURANCE
This policy provides cover in respect of loss or damage to the Insured’s goods whilst in transit as a result of:
Fire
Collision or overturning of the conveying vehicle(s)
Theft

PUBLIC LIABILITY INSURANCE
The public liability policy provides cover for the Insured’s legal liability to third party arising out of, and in connection to the insured’s business resulting into:
Death
Bodily injury to persons
Loss of or damage to third party property accidentally caused

PROFESSIONAL INDEMNITY
As against Personal Liability or Public Liability insurance covers that require physical action or absence or of that, this insurance is meant to cover the professionals against their professional negligence that may lead to.

Death
Bodily Injury to persons
Loss of or damage to property
For example
A Medical Doctor may prescribe the wrong medicine,
an Insurance Broker may wrongly advise on the right type of insurance cover
An auditor may mislead an investor.
It does not cover wilful action by the insured.

HOUSEHOLD INSURANCE
This policy provides compensation to the Insured for loss or damage to the buildings and/or the contents, up to the limits shown on policy schedule, owned by the insured or members of his family, as a result of:
Fire
Lightning
Explosion
Earthquake & Volcanic Eruption
Flood and Tempest
Malicious Damage
Riot and Strike
Aircraft and Aerial device damage
Burst pipes/water apparatus
Burglary and attempted burglary
Impact by road vehicles

It also provides additional benefits such as:
Cost of alternative accommodation
Legal liability to the public
Medical expenses up to a limit
Compensation on Death of the Insured/Spouse

COMPUTER/ELECTRONIC INSURANCE POLICY
This provides cover for the insured computers and/electronics against all risks of loss/damage except as specifically excluded under the policy, whilst the items are.
At work
At rest
Being dismantled for the purpose of cleaning, overhauling or repairs.

This cover is designed bearing in mind the special nature of computers and electronics

TRAVEL PERSONAL ACCIDENT INSURANCE (LOCAL)
Our local travel Personal Accident insurance provides cover for road travels on per transit basis for the following risks
Death
Permanent Disability
Medical Expenses
There are options of benefit and premium

WORKMEN’S COMPENSATION POLICY
The Workmen’s Insurance Decree of 1987 makes employers liable to compensate the employees for death, disabilities and illnesses sustained in the cause of the their employment. It is the risks arising from this Decree that the Workmen’s Insurance policy addresses:
The policy provides compensation for:
Death/bodily injury by accident or disease of the employee arising out of and in the course of employment as required under the Workmen’s Compensation Decree 1987, including Common Law
Reasonable medical expenses
Reasonable transport expenses
All legal costs and expenses incurred by the Insured in defending any claim for the above compensations
Overseas medical treatment, if required
The schedules of benefits are stipulated in the decree.

BONDS
Bonds are needed to secure contract works. There are various types such
As
Tender/Bid Bond, to ensure acceptance of bids
Performance Bond, to ensure proper execution of contract works
Advance Payment Bond, to secure advanced money for contract works

MARINE HULL INSURANCE
This provides cover for loss or damage to the Insured property as a result of the following:
Fire & Explosion
Perils of the seas, rivers, lakes or other navigational waters
Piracy
Negligence of Masters, officers, crew or pilot
Any other perils as contained in the policy

CONTRACTORS ALL RISKS INSURANCE
Section 64 of the 2003 Insurance Act makes the insurance of Buildings under Construction compulsory. Contractors All Risks Insurance policy provides compensation to the insured for loss or damage by any means to:
Contract works
Temporary buildings
Working tools of contractors if desired
Principal’s existing properties
Materials meant for the contract

AGRICULTURAL INSURANCE
ALL RISK INSURANCE
ENGINEERING INSURANCE
OIL AND GAS INSURANCE
PUBLIC LIABILITY INSURANCE
GOOD IN TRANSIT INSURANCE
MONEY INSURANCE
EMPLOYER’S LIABILITY

In addition, Cover extends to third party liabilities in respect of:
Death
Bodily injury to persons
Damage to third party property

To arrange this insurance all that is needed are
- have a master policy in place
- contracts will be endorsed into the policy as they arise
- Values, natures and names of contractors will be supplied.