Business cover
Fire, flood, burglary, a lawsuit or a lost container. We put together cover for shops, offices, warehouses and factories, and handle the claims when it counts.
Covers
One policy for your premises, stock, equipment, cash and money in transit. Built for shops in Balogun, offices in Ikeja and showrooms in Wuse.
Public liability if a customer is hurt on your premises, product liability for what you sell and professional indemnity for advice you give.
Cover for goods on the road from Apapa to your depots and from your depots to customers, plus marine cargo for imports.
Group life cover is required for many employers. Add a group health plan to keep your team well and loyal.
Generators, boilers, machinery breakdown and contractors' all risks for building projects.
Typical costs
| Business | Typical covers | Example annual premium |
|---|---|---|
| Shop or salon, 1 to 5 staff | Shop package, public liability | ₦45,000 to ₦120,000 |
| Office, 6 to 50 staff | Office package, group life, staff health | ₦350,000 to ₦2.5 million |
| Distributor or warehouse | Fire, burglary, goods in transit, fleet | ₦1.2 million to ₦8 million |
| Factory or construction | Engineering, contractors all risks, liability | Quoted after survey |
Example rates for this demo.
Risk survey
For premises over ₦100 million or more than 20 staff, a Shieldwell risk surveyor visits, photographs the site and writes a short report. Insurers price surveyed risks more keenly, and you get a list of fixes that lower your premium: fire extinguishers serviced, a second exit unblocked, stock off the floor.
Claims for business
Call, WhatsApp or use the claim form within 48 hours. A named claims handler is assigned the same day.
Photos of the damage, a police report if needed, receipts or medical bills. Upload from your phone.
The insurer's loss adjuster inspects, often within three working days in Lagos and Abuja. We attend with you.
You sign the discharge voucher and payment goes to you or the repairer by bank transfer.
A fire took half our warehouse in Ikeja. Shieldwell had the loss adjuster on site the next morning and an interim payment within three weeks, so we could restock before the festive season.
FAQ
Employers with a minimum number of staff are required by law to hold group life cover for them. We can tell you if it applies to you and arrange it quickly.
Yes. Marine cargo cover can be arranged per shipment or on an annual open cover for regular importers.
Yes, from five vehicles up. Fleet policies get one renewal date, one invoice and better rates.
Tell us what you do and where. A business broker calls back with options from our partner insurers.