- Attractive/ High Risk Items
- All Risk Insurance
- Aviation Insurance
- Bonds
- Burglary Insurance
- Computer (Electronics) Policy
- Contractors' All Risks Policy
- Erection All Risks (EAR)
- Fidelity guarantee
- Fire & Special Peril
- Goods-in-transit policy
- Group Personal Accident
- Householders' Comprehensive Insurance
- Machinery Breakdown
- Marine Hull Insurance
- Marine Cargo
- Motor Insurance
- Money Insurance
- Professional Indemnity Insurance
- Plant All risks
- Personal accident
- Public/ General Third Party Liability
- Workmen's Compensation
- Zenith Life Assurance
Workmen's Compensation
The Workmen’s Compensation Decree No. 17 of 1987 requires each employer of labour to pay compensation (at the level specified in the decree) to an employee for death or injury as a result of accident sustained in the course of their usual employment.
The object of the workmen’s compensation insurance policy therefore is to secure the benefit specified in the relevant decree so that employers will not have to pay out of their purse the required compensation.
The scale of benefits payable, as specified in the decree, are briefly summarized below: -
Death: 42 months earnings
Permanent Disablement: 54 months earnings
Temporary Total Disablement: The benefit payable for a total period of 24 months is broken down as follows:
- Full salary for the first 6 months;
- Half salary for the next 3 months;
- One-quarter salary for the remaining 15 months
Medical Expenses: The decree specifies no limit but allows for "any reasonable" expenses incurred within (or with approval outside) Nigeria.