When most Nigerian business owners think of business insurance, two risks usually come to mind: fire and theft. While these are important, they represent only a fraction of the dangers that can disrupt your operations, drain your finances, or even shut down your company entirely.
From workplace accidents to lawsuits and cyberattacks, running a business comes with real risks. The good news is that the right insurance doesn’t just cover fire and theft, it provides comprehensive protection that keeps your business running smoothly.
1. Protecting Against Employee Accidents
Your employees are your greatest asset, but accidents can happen in the workplace; slips, falls, or injuries during manual tasks. Without insurance, medical bills and compensation claims can put serious strain on your finances.
With employee accident cover, your insurance steps in to handle these costs, ensuring your team is cared for while your business stays financially stable.
2. Shielding You From Liability Lawsuits
What if a customer slips in your office? Or a product you sell causes harm? These situations can lead to lawsuits, and legal battles are expensive.
Liability insurance covers legal fees, compensation, and damages, giving you peace of mind to focus on running your business instead of worrying about unexpected legal costs.
3. Covering Goods-in-Transit
For SMEs involved in trading, logistics, or deliveries, the risks don’t stop at your warehouse. Goods can be stolen, damaged, or lost in transit.
With goods-in-transit insurance, you’re protected from losses while your products move from point A to point B ensuring your supply chain runs smoothly.
4. Safeguarding Against Cyber Risks
As more Nigerian businesses go digital using online payments, e-commerce platforms, cloud storage, and cyber risks are on the rise. A single cyberattack can compromise customer data, halt operations, and damage your reputation.
Cyber insurance helps cover the costs of data breaches, IT recovery, and even public relations efforts to rebuild customer trust.
5. Ensuring Business Continuity
Beyond individual risks, insurance is about business continuity. With the right policies, you can survive setbacks that would otherwise shut down operations. From natural disasters to equipment breakdowns, insurance gives you the financial cushion to bounce back.
Why SMEs and Entrepreneurs Need More Than Fire Cover
Nigeria’s business landscape is dynamic and sometimes unpredictable. Whether you run a retail shop, a logistics company, a restaurant, or a tech startup, the risks are bigger than fire and theft.
That’s why Linkage Assurance offers affordable business insurance in Nigeria, tailored to protect SMEs across multiple fronts:
- Employee accident cover (this could be extended to cover for GPA)
- Liability insurance
- Goods-in-transit protection
- Engineering insurances (for your plants and machineries)
- Fidelity Guaranty (to protect you against infidelity of your employees)
- Cyber insurance solutions
- Marine Insurances (taking care of goods importated, yatch, ferries etc)
- And, of course, traditional fire and theft coverage
Every successful business owner knows it’s better to prepare than to repair. Insurance is not just an expense, it’s an investment in your business’s survival and growth.
With Linkage Assurance, you get more than fire cover. You get a partner committed to protecting your employees, your goods, your reputation, and your future.
Secure your business today with Linkage Assurance because real protection goes beyond fire and theft. Get started here
