In today’s complex and competitive landscape, safeguarding your business against inevitable risks is not just an expense, it’s an essential investment. NCBA Group offers a robust portfolio of corporate insurance products designed to protect your business against various unforeseeable events.
NCBA’s specialized coverage ensures your operations remain resilient, no matter the threat.
A. Business
Protecting the physical and financial foundations of your business is paramount. NCBA’s property and financial lines ensure that interruptions don’t become catastrophes.
1. NCBA Property Insurance
This policy covers the physical core of your business. It ensures your assets are protected, covering Buildings, Furniture, Fixtures and Fittings, Plant, Machinery and Equipment, Stock, and even Money against a variety of perils.
2. NCBA Fire Consequential Loss
When a covered event like a fire strikes, the damage to your assets is only half the battle. This policy protects your company from the secondary financial impact, covering Loss of profits and revenues due to business interruption, as well as damage to equipment and debris removal costs.
3. NCBA Fidelity Guarantee
This policy shields the employer from internal risk, designed to indemnify you for the loss of money or property sustained as a direct result of acts of fraud, theft, or dishonesty by an employee in the course of employment.
In a world increasingly dominated by digital operations and stringent regulations, liability risks are constantly evolving. NCBA offers tailored policies to mitigate legal and digital exposure.
4. NCBA Cyber Edge Insurance
This essential cover protects businesses from modern digital threats such as data breaches, cyberattacks, and regulatory fines. It helps a company recover from the financial and reputational fallout of a security incident.
5. NCBA Products Liability
Ideal for manufacturers and handlers of consumables, this policy protects you from legal liabilities for bodily injury to persons or property damage caused by products or goods sold or supplied.
B. Employees
A lawsuit or accident involving an employee can result in lost time, revenue, and talent. NCBA’s group employee benefits are structured to provide security for both the business and its workforce.
1. NCBA Work Injury Benefits Act (WIBA)
This ensures your compliance with labour laws, covering your legal liability under the statutes regarding employee health and safety in respect to work-related injuries.
2. NCBA Employers Liability
While WIBA covers statutory liability, this policy steps in to protect you against the risk of prosecution by employees in respect to work-related injuries that fall outside of the WIBA framework.
3. NCBA Group Personal Accident
This policy provides financial indemnification to your business and covers employees 24 hours a day against unexpected accidents. Coverage includes Death, Permanent disability, Temporary loss of income, Last Expense, and medical expenses arising from the accident.
4. NCBA Group Medical Cover & Group Health Cover
This cover offers comprehensive health insurance is crucial for talent attraction and retention. It is available to groups as small as three to five people, it covers Inpatient and Outpatient expenses, Maternity, Dental and Optical, and ancillary charges.
5. NCBA Group Life and Pensions
This cover provides an important death in service benefit and an organized savings structure, covering Group Life Assurance (fixed sum or factor of salary), Funeral expenses, and long-term Pensions.
To make securing this essential protection easier, NCBA also offers Insurance Premium Financing (IPF). This facility allows businesses to convert large, lump-sum premium payments into easy monthly installments over 4 to 10 months, providing better control over cash flow and budgeting.