damilolawah

NAICOM and ICRC Collaborate to Ensure Insurance for insurance coverage for assets of PPP

The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have joined forces to enforce insurance coverage for assets under public-private partnership (PPP) arrangements, in line with statutory provisions. This collaboration was solidified during a courtesy visit by the Commissioner for Insurance, Mr. Olusegun Omosehin, to the Director General of the ICRC, Dr. […]
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The broker advantage

The Broker Advantage: Unlocking Customized Insurance Solutions

In today’s rapidly evolving world, the need for personalized insurance coverage has never been more critical. As individuals and businesses face increasingly complex risks, standard insurance policies often fall short of providing comprehensive protection. This is where the broker advantage comes into play, offering tailored solutions that address specific needs and circumstances. Understanding the Broker […]
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Insurance Broker vs Direct Insurer: A Comprehensive Comparison

Understanding the Basics: Insurance Broker and Direct Insurer An insurance broker and a direct insurer play pivotal roles within the insurance sector, yet they operate in fundamentally different ways. To grasp their distinct functions, it’s crucial to begin with a clear definition of each term. An insurance broker acts as an intermediary between clients and […]
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person holding pencil near laptop computer

The Ultimate Guide to Business Liability Insurance Coverage

Understanding Business Liability Insurance Business liability insurance is a crucial component of risk management for enterprises of all sizes. It serves as a safeguard against financial losses that can arise from various claims, including injury, property damage, and other liabilities that can occur during business operations. At its core, business liability insurance is designed to […]
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person holding black Honda car steering wheel

Comprehensive Auto Insurance: What It Really Covers

Understanding Comprehensive Auto Insurance Comprehensive auto insurance is a crucial component of a well-rounded auto insurance plan. Unlike liability insurance which covers damages you might cause to others, and collision insurance which deals with damages to your vehicle from collisions, comprehensive insurance encompasses a broader spectrum of protection. It addresses non-collision-related damages to your vehicle, […]
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Insurance policies

Understanding Insurance Policies: What You Need to Know

Insurance policies can be complex and overwhelming, filled with jargon and fine print. However, understanding your policy is crucial to ensuring you have the coverage you need and can make a successful claim when necessary. In this article, we’ll break down the key elements of an insurance policy and provide tips to help you navigate […]
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How Insurance Brokers Can Help in the World of Risks

“`html Understanding Insurance Brokers and Their Role Insurance brokers play a pivotal role in the complex world of risk management and insurance. Unlike direct insurance agents who represent the interests of insurance companies, brokers operate independently to serve the best interests of their clients. This independence allows them to provide unbiased advice tailored specifically to […]
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