Market trader
₦3,800a month, from
- Stock up to ₦5m
- Fire, burglary and flood
- Pay daily, weekly or monthly
Age 40
Chapter: Own business, from age 40
Shop and SME cover
One policy for traders, shops, salons, pharmacies and workshops: stock, fire, burglary, goods on the road and money in the till. Priced for Dugbe and Bodija, not for Victoria Island towers.
From ₦3,800 a monthexample
Why it matters here
Business cover for how life really works in the South West
Market fires and burglaries can wipe out a trader's stock in one night. Most small businesses in the South West are uninsured because cover looked complicated and expensive. We made it one form and a monthly payment.
- 01
Stock and equipment
Goods, shelves, freezers, sewing machines and generators.
- 02
Fire and burglary
Including market fires that start in a neighbouring shop.
- 03
Goods in transit
Stock on the way from Lagos, Aba or Kano, by road or by your own van.
- 04
Money
Cash in the till, in the safe overnight and on the way to the bank, plus POS fraud cover.
- 05
Business interruption
Lost profit while you rebuild, for up to six months.
- 06
Staff and public
Injury to staff and customers on your premises.
Price your business cover
Example rates for this demo, not an offer. A person on the team checks every quote before cover starts.
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Three ways to be covered
Prices are example monthly amounts from our rate card. Pay monthly, quarterly or yearly by card, transfer, direct debit or POS at any branch.
Most chosen
Shop and salon
₦7,500a month, from
- Stock up to ₦15m
- Money and POS fraud
- Public liability
SME complete
₦16,000a month, from
- Stock up to ₦60m
- Goods in transit and interruption
- Staff injury cover
Claims
How a business claim moves
Every step shows in your account, with the name of the person handling it.
- Day 0
Report
Call, WhatsApp or use the claim form. Send photos and your stock book or sales records.
- Day 1
Visit
A loss adjuster visits your shop, often with someone from your market association.
- Day 3
Restock advance
Up to 30 percent of the agreed loss paid early so you can reopen.
- Day 12
Settled
Balance paid after the figure is agreed (example average).
When the fire started in the next line at the market, I thought it was over. The restock advance paid on Tuesday and I reopened the Monday after.
Honest limits
What this cover does not do
Read these before you buy. The full policy wording is in your account and at every branch.
- Stock kept in an open stall overnight without a lock up
- Loss you discover only at a stock count with no sign of break in
- Fake goods and goods without a supplier receipt
Questions
Business cover, answered
I do not keep formal accounts. Can I still claim?
Yes. Supplier receipts, a simple stock book, POS records and WhatsApp orders all help prove what you had.
Can I pay daily?
Yes. Market trader cover can be paid daily or weekly by transfer or through an agent who visits the market.
Do you cover shops in open markets?
Yes, for lock up shops and kiosks that close with a lock. Open stalls are not covered overnight.
Can my association insure members together?
Yes. We offer group rates for market associations of 30 or more members.
Next on the timeline
People with this cover often add
Ready to cover your own business?
A quote takes two minutes, and a person on the team checks it before your cover starts.