By Nse Anthony-Uko
(Sundiata Post) — Linkage Assurance Plc has promised to insure the Small and Medium Enterprises(SMEs) in the country through its ‘SMEComprehensive Insurance Plan’.
The cover, according to the firm, was meant to provide financial protection to small and medium- sized businesses against an array of insurable risks for their business continuity.
A statement from the insurance company and made available to Leadership, over the weekend, said , “Linkage Assurance Plc’s SME comprehensive Insurance allows business owners to run their companies without having to worry about unexpected events that can slow them down or bring them to a complete halt.”
Speaking on this development, managing director/CEO of the company, Dr Pius Apere, added that, “Whether it is water damage from leaking pipes, money lost in transit theft, or a fire at a warehouse, these are liabilities that cannot always be anticipated. Linkage Assurance Plc provides you the confidence you need to keep moving with the knowledge that your assets are covered from loss and other legal liabilities. The Plan is available with 5 different optional section and flexible enough to cater for the insurance needs of SMEs across diverse sectors of the market.”
The insurance firm, he stressed, understands that Nigerian SME businesses operate in a tough, rough and often fast changing harsh economic environment, adding that, SME businesses are still held to the same standards of corporate governance, employee welfare and liability as the larger companies.
‘They often have to manage their risks with fewer resources and less time to spare on distresses other than those relating to day to day business,’ he pointed out.
To this end, Apere said SMEs require an affordable, well – packaged insurance policy which would protect their assets, liabilities and employees from the risks associated with operating a business.
Linkage Assurance SME Comprehensive Plan covers a wide spectrum of SME customers from a small single office premises for self-employed business owners to a multi-dimensional retail companies with a material damage/business interruption exposure spread across multiple locations. The cover is for hotels, hospitals, water bottlers, publishers/printers, drycleaners, haulage, furniture, logistics and cottage manufacturers, among others.
Features of the plan the company listed include damage to buildings as a result fire , theft of contents, with the following options to cover , occupier’s liability , personal accident for employees , professional indemnity and motor (including own goods).