7 Ways To Motivate Your Employees In Your Small Business
You may be worried about your employees’ outputs and may feel they are not putting in the required efforts and time towards their work. This happened mostly when your employees are no longer motivated well enough for the work they do. As a business owner, introducing the right motivation in your workplace will go a […]
4 Important Tips To Keep In Mind Before Taking Out An Insurance
Insurance is an important investment you should consider as an adult individual, business person or career person. There is no amount of money you need to have for you to consider insurance. Insurance is available to you at any level you are. Read more about Insurance However, in choosing an insurance cover, you must do […]
Nigerian Insurance Industry: Casava Receives $4 Million Boost
With less than 2% of Nigerians said to be adequately insured, the Nigerian Insurance Industry may well be said to be on its way to increasing this number soon. This is following the news that Casava, a Nigerian Digital insurance firm has recently secured four million dollars in pre-seed funding. Read more about Insurance […]
Casava Has Raised A $4 Million Pre-seed Fund
The general awareness of insurance in Africa has been bland for years, along with its penetration rate, except in South Africa. In line with a Mckinsey survey in 2018, Africa’s insurance market was at a 3% penetration rate; with South Africa excluded, it was just 1.12%. Only 1.9% of the adult population had one form of […]
4 Insurance Covers Every Nigerian Business Needs
Every entrepreneur understands that the business environment is filled with so many uncertainties. These uncertainties are generally referred to as risks and they come in different forms, shapes and sizes. While some risks may not pose a great threat to the survival of a business, there exist many risks that when not properly mitigated […]
Brands We Love: Curacel
The importance of insuring your business, whether great or small, cannot be overstated. People that insure their businesses are better safe than sorry. According to ABI, insurance is a financial product sold by insurance companies to safeguard you and/or your property against the risk of loss, damage or theft (such as flooding, burglary or an […]
The Best Insurance Plan For SMEs In Nigeria
The role of small and medium enterprises (SMEs) in the economy of Nigeria cannot be underestimated. According to the Nigeria Bureau of Statistics (NBS), local SMEs contributed about 48% of the national GDP in the last five years. Read more about Insurance There is an estimate of 17.4 million SMEs in Nigeria and they […]
Conditions For Validity Of An Insurance Contract In Nigeria
A contract refers to any agreement between two or more parties in which there is a promise by one party to the other(s) to be met under agreed conditions. Generally, contracts are entered into by writing after discussions on them by the parties involved. However, contracts could also be entered into simply by oral […]
The Nigeria Insurance Regulator – National Insurance Commission (NAICOM)
The Insurance industry across the world is highly regulated. This is because of the place of insurance in the economy of any country. Read more about Insurance In Nigeria, the Insurance industry is regulated by the National Insurance Commission (NAICOM). This Commission is an agency of the Federal Government and is charged by law […]
29 Companies To Buy Vehicle Insurance In Nigeria
Are you looking to purchase an insurance policy for your vehicle and not sure where to purchase one? In this post, I bring to you a list of 29 companies, including their contact details, where you can purchase an insurance policy for your vehicle in Nigeria. Read more about Insurance These 29 companies are […]
3 Major Types Of Vehicle Insurance In Nigeria
You just bought a brand-new Black Toyota Corolla 2020. Your friends and family gather to celebrate with you and to ‘wash the car’. One of your friends collects your car keys, jumps into the vehicle and zooms off. 15 minutes later you receive a distress call from him that there has been an accident […]
4 Strategies To Manage Your Business Risks When You Do Not Want To Take Out An Insurance Cover
In a previous article, I wrote on the 4 insurance covers every Nigerian business will need. In it, I highlighted the four main covers I believe are important to every business. These include General Liability Insurance, Vehicle Insurance, Property Insurance, and Life/Health Insurance. Read more about Insurance Every business needs the above four insurance […]
Risk Management: Underwriting And Reinsurance Claims
Risk Management is the practice of identifying and analyzing loss exposures and taking steps to minimize the financial impact of the risks they impose Most insurance companies have a responsible official whose main function is to scrutinize every proposal for insurance and to decide whether the risks proposed for insurance shall be accepted or […]
Formation Of The Contract Of Insurance
Contract of Insurance is a contract whereby one party (called ‘the insurer’) in consideration of a price, known as premium, agrees to indemnify or pay a sum of money to another person (known as ‘the insured’) upon the happening of a loss or misfortune. Read more about The law and you A contract of […]
Assignment Of Insurance Contracts
Assignment of insurance contract is the transfer made by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee), as collateral for a loan. In the event of the death of the assignor, the assignee is paid first and the balance (if […]
Latest Job Vacancies In Nigeria, March 29 to April 2
These are some of the top job vacancies in Nigeria for the final week of March 2021. Program Assistant At The British Council, Abuja The British Council, Abuja, is seeking to hire a Program Assistant (for the program, EU-Agents for Citizen Driven Transformation). The assistant will provide the administrative and financial support required for […]