Insurance

Private and Commercial Motor insurances provide the following types of cover:

A. Comprehensive Policy: Covers accidental damage to the Insured's Vehicle and also indemnity for damage to third party vehicle/property as well as third party personal injury/death by the insured vehicle. This is the widest form of cover.

B. Third Party Policy: This cover is restricted as it covers only indemnity for damage to third party vehicle/property as well as third party personal injury/death by the insured vehicle.

C. Third Party Fire & Theft Policy: This provides cover for accidental loss or damage to the insured vehicle arising out of fire or theft but does not cover accidental damage. The cover is also provided for all sums the insured vehicle shall be legally liable for causing accidental loss/damage to the third party property or injury/death to third party.

For further information, please e-mail us at insure@bgcgroupng.com

This policy covers loss of or material damage to premises/property like Buildings and or Contents caused by Fire, Lightning and Explosion including damage or loss arising from Special perils of Flood, Earthquake, Tornado, Impact, Riot & strike, Malicious damage Burst Pipe, Aircraft damage, Bush Fire, Storm etc. The cover is for both Private dwelling and Business premises.

Consequential Loss Policy This covers loss of Gross Profit, Wages and Auditors Fees following loss of or damage to Insured's premises/property caused by Fire & special perils.

For further information, please e-mail us at insure@bgcgroupng.com

This policy covers loss or damage to Stock, Materials in Trade, and all other contents caused by theft following upon or followed by Burglary or Housebreaking accompanied by the violent and forcible entry into or out of the premises or any attempt threat. As in fire, policy is for both Private dwelling and Business premises.

For further information, please e-mail us at insure@bgcgroupng.com

This policy covers bodily injury caused by accidental, violent, external and visible means which solely and independently results in death or disablement. It also covers reimbursement of medical expenses up to stated limits as a result of such injuries. The policy could either be taken up by individuals or groups like employees or social clubs. Benefit could be on salary bases or on capital sum insured.

For further information, please e-mail us at insure@bgcgroupng.com

Breathless Global Concepts Limited is the parent company out of which a subsidiary and a partner company have evolved.

The lineup is as follows:

Breathless Global Concepts Limited (Parent) RC 924766

Breathless Global Concepts Properties and Investment Company Limited (Subsidiary) RC 969375

BGC VTrack Solutions.

Tribute Insurance Brokers Limited (Partner) RC 612911

This covers loss of cash to and from Bank or branches for the payment of salaries and other expenditures whilst in transit and on the Customers premises until disbursed provided money not disbursed the same day are kept in strongly locked safes/strong room.

For further information, please e-mail us at insure@bgcgroupng.com

This covers loss or damage by any cause not specifically excluded in the policy in respect of specified items: Jewelries, Watches, Cameras, Trophies, Gold & Silver articles, Work of Art and other Personal valuables and effects, Typewriters, Accounting and other portable Office Machines, Scales, Survey Equipment etc. Cover could be limited to Nigeria or extended on worldwide basis. It could be affected on both Private and Business property.

For further information, please e-mail us at insure@bgcgroupng.com

This policy covers loss of money or stock up to stated limits as a result of proven cases of fraud against the Insured's employees and discovered within a stated time frame.

For further information, please e-mail us at iinsure@bgcgroupng.com

This policy covers employer's liability under the Workmen's Compensation Decree to pay compensation to employees for death or incapacity resulting from accident
in the course of their employment. Medical expenses as a result of such injuries are also reimbursed under the policy in accordance with the provisions of the Workmen Compensation Decree.

For further information, please e-mail us at insure@bgcgroupng.com

Contractors' All Risks: The cover provided here is to offer financial protection against loss or damage in respect of the Contract Works, Construction Plant and Equipment/Machinery as well as claims from Third Parties in respect of Property damage or bodily injury arising in connection with the execution of a contract. Cover could be affected by the Principal or by the Contractor including all sub-contractors engaged in a project Civil and Electrical Engineering.

For further information, please e-mail us at insure@bgcgroupng.com

Erection All Risks: The cover here is basically the same with Contractors All Risks (CAR) Insurance. While CAR cover risks involving Construction of Civil and Electrical Engineering projects, EAR deals with Erection or Installation of Mechanical or Electrical Plants or projects.

For further information, please e-mail us at insure@bgcgroupng.com

Electronics Equipments: It is an "accident" insurance on All Risks" basis covering losses which arise suddenly and unforeseeable and materially affects many types of low and medium power electrical equipment i.e. all Electrical systems that generally have only a moderate power requirement.
Material damage cover is available for such equipment as:

•  Electronic Data Processing (EDP) equipment
• Electrical and Radiation equipment for medical use
• Communication facilities
• Miscellaneous equipment.

Material damage and loss of information suffered by external data medial used in computing facilities are covered under Data Medial Insurance.
Additional expenses for computer operation, which may arise if the computer breaks down, are covered under Increased Cost of Working Insurance.

For further information, please e-mail us at insure@bgcgroupng.com

Machinery Breakdown: It covers unforeseen and sudden physical loss of or damage to Plant, Machinery and Mechanical Equipment at work, at rest or during maintenance operations. Machinery Insurance is important for everyone who operates Machinery i.e. both large and small enterprises where a Machinery failure may have serious financial and economic consequence.

All types of Machinery, Plants, Mechanical Equipment and Apparatus are covered. Examples are Power generating plants (Boilers, Turbines, and Generators), Power Distribution Plants (Transformers, High & Low-Tension equipment), Production Machinery in Factories and Ancillary equipment like Elevators etc.

For further information, please e-mail us at insure@bgcgroupng.com

Plant All Risks: This is Insurance on Contractors' Plant and Machinery. It covers any loss/damage from any cause whatsoever occurring at work, at rest or during maintenance operations. They could be moveable and non-moveable plants, which may include Bulldozers, Tractors, Scrapper, Cranes, and Hoist etc.

For further information, please e-mail us at insure@bgcgroupng.com

Public Liability: This type of insurance is designed to protect the insured against his legal liability at Law to third parties for:

• Accidents causing Death or Bodily injury (including illness) to members of the public (i.e. accidental happenings).
• Accidental loss of or damage to the property of members of the public (i.e. physical damage).

The indemnity insured against is only related to legal liability of care resulting from the business of the insured or premises insured under the policy. The Insured could be Owners of Shops or Warehouses, Offices, Contracting Firms, Cinemas or Theatres, Hotels, Educational Institutions etc.

Every person has a duty to his fellow man to regulate his conduct, the condition of his property and the activities of his employees so as not to cause injury to others or damage to their property.

For further information, please e-mail us at insure@bgcgroupng.com

Product Liability: The objective of Product Liability Insurance is to protect the insured against his legal liability for injury to third parties or loss of or damage to their property caused by goods Sold, Supplied, Repaired, Serviced or Tested by the insured.
The same condition applies as to Public liability. It is usually arranged as a secondary cover to the Public liability policy.

For further information, please e-mail us at insure@bgcgroupng.com

Professional Indemnity: This class of Insurance to is designed to indemnify Technically Qualified Professionals e.g. Accountants, Architects, Engineers, Lawyers, Doctors, and Insurance Brokers etc. against their Professional Negligence or other similar defaults, which would involve their clients in financial loss.

For further information, please e-mail us at insure@bgcgroupng.com

The scope of cover under Marine insurance revolves around two categories namely: Marine Cargo and Marine Hull.

Marine Cargo: This Insurance is against all risk of loss or damage to the Cargo on air or damage due to perils of the sea. It does not cover loss, damage or expenses proximately caused by delay or inherent vice or nature. A Certificate is usually issued against a Letter of Credit (LC) on a consignment to be imported. It could be arranged on Single Transit or on Open Cover basis.

Marine Hull: This covers loss or damage to the carrying Vessel/Crafts and third party Legal liability.

Goods-In-Transit: This policy covers loss or damage caused by an accident to goods whilst in transit anywhere in Nigeria by road, rail or inland waterway including loading and unloading.
Policies could be issued in respect of:

a. Own goods in own vehicles
b. Own goods conveyed by carriers
c. Carriers conveying other person's goods.

For further information, please e-mail us at insure@bgcgroupng.com

Brief Description

• A savings vehicle to meet target plans e.g. children education, purchase of a vehicle, marriage ceremony, holidaying, holy pilgrimage etc
• High returns on savings
• 100% allocation to account
• Flexibility in payment (lump sum, installment, additional payments, etc.)
• Protection determined by level of contribution
• Free Life Cover = Minimum of Half of Account Balance and applicable limit
• Free Accidental Permanent Disability Benefits
• Benchmark Interest Rate: 3.0% upward.
• Option to purchase additional life cover
• Loan facility
• No stringent underwriting up to a level of life cover

Benefits

• Tax relief on contribution and benefit
• No limit on number of beneficiaries
• Named beneficiaries can be substituted
• Benefit can be used for children's education
• Maturity benefit can be used to purchase annuity (series of regular income)
• Account can be withdrawn after two years without loss of income
• Policy benefits from good investment experience of insurers/underwriters
• Policy is simpler to understand, wordings are simple and direct
• Returns always higher than any bank's savings rate

How It Works

• You will determine;How long you want the policy to run
• How much you want to contribute in a year.
• The amount determines the class of the policy and the benchmark interest rate
• How frequently you want to contribute (lump sum, annually, semi-annually, quarterly or monthly).

For further information, please e-mail us at insure@bgcgroupng.com