By Adedapo Adesanya
Determined to mitigate losses associated with fire disasters concerning micro-businesses, Universal Insurance Plc has launched Shop Insurance Retail Product, tailored for shop owners in the country.
The underwriter is carrying out this cover in conjunction with T.A. Braithwaite Insurance Brokers.
The relationship, according to the company, is aimed at opening more avenues for the sale of its Fire and Special Perils Products.
The insurer said developing the product became necessary considering the fact that most shop owners do not embrace insurance and need to protect their goods and properties against fire and special perils in the country.
While speaking at the unveiling of the product, the Managing Director of Universal Insurance Plc, Mr Benedict Ujoatuonu, promised prompt payment in line with the company’s tradition and urged shop owners to take advantage of benefits provided by the unique product.
In his remarks, the Managing Director of T.A. Braithwaite Insurance Brokers, Mr Akintunde Aturu thanked Universal Insurance for the opportunity to partner with the company and also expressed his belief that shop owners stand to benefit a lot from the Shop Insurance product.
Universal Insurance Company Plc is located in Lagos, Nigeria and is part of the Insurance Carriers Industry.
The company has 82 employees at this location and generates $4.04 million in sales.
Dipo Olowookere