Leadway Assurance Company LTD
LeadWay Assurance Company Limited is a leading insurance company in Nigeria operating in the property and casualty segment. Established in 2008, the company has been providing quality insurance products to its clients across multiple sectors. LeadWay Assurance Company Ltd (LAWCO) is an affiliated entity of LeadWay Assurance Company Ltd that focuses on niche areas of property and casualty insurance business – including cyber, professional, fidelity and kidnap policies – as well as reinsurance services. LAWCO offers employee benefits, group life, health and accident coverages as well as other risk management services to businesses. With affordable premiums, flexible payment terms and online enrollment, their policies are among the most sought-after employee benefits packages in Nigeria today. Moreover, their dedicated account representatives make it easy for companies to get started with the coverage they need. If you are interested in learning more about LeadWay Assurance Company LTD’s employee benefits package or any of their other insurance services, read on for further details…
LeadWay Assurance Company LTD: A brief history
The first Leadway Assurance Company Limited was established in Nigeria in 1978 as a joint venture between the Federal Government of Nigeria and Lloyd’s of London. In 1997, the Federal Government acquired the full ownership of the company and changed the name to the Federal Assurance Company Limited. In 2008, the Federal Government divested its equity stake in the insurance company and the new owners rebranded it as LeadWay Assurance Company Limited. At present, the company is one of the three largest insurance companies in Nigeria, with a market share of about 6%.
Why you should choose LeadWay Assurance Company LTD
If you are looking for the best employee benefits plan for your employees, then you need not look any further. LeadWay Assurance Company LTD has a wide range of employee benefits packages to choose from. Their plans are tailor-made to suit the needs of employers of all industries and sizes. Furthermore, these employee benefits packages are highly affordable and come with multiple additional benefits. Their employee benefits plans include: Employee Benefits for Group Health Insurance for individuals - Group Life Insurance for individuals Employee benefits for Health Cash Plans for individuals - Accident Insurance for individuals - Disability Insurance for individuals
How to get employee benefits at Leadway Assurance Company LTD?
To know more about the employee benefits plans offered by LeadWay Assurance Company LTD or to get a free quote, just visit their website. There, you will be able to select the plan that best suits your company’s needs and get a free quote online. What’s more, there are several convenient payment options for paying the premium for your employee benefits. You can choose to pay through a credit card, debit card, or even your bank account. If you prefer to pay in cash, LeadWay Assurance Company LTD has branches in several locations across Nigeria. If you are a business owner or a human resource manager, it’s advisable to partner with a reliable insurance company to provide employee benefits. LeadWay Assurance Company LTD is one such company that has been in business for over 40 years. They are committed to providing the best insurance services to individuals and businesses across Nigeria.
Professional Liability Insurance for companies
If you work in the healthcare, legal, or financial industries, you may need Professional Liability Insurance to protect your business from lawsuits. As an entrepreneur or business owner, you are responsible for your employees’ actions. If one of your employees causes harm to someone else, you will be liable to pay compensation. This is when professional liability insurance becomes essential. While there is no standard coverage amount, professional liability policies generally cover about $1 million to $5 million worth of claims. Professional Liability Insurance provides coverage for legal defense costs, compensation payments, and settlements, as well as other charges incurred from defending claims. It covers claims of wrongful acts, errors, or omissions in services provided, as well as misleading advertisements. Professional Liability Insurance is essential for businesses that provide services that could result in harm to a third party.
Cyber Liability Insurance for companies and individuals
Cyber Liability Insurance provides coverage against cyber-related risks and attacks. It generally covers claims arising from loss of data, identity theft, damage to reputation, and extortion. As technology advances, the number of cyber insurance claims has also increased. That’s because cybercrime has become more prevalent, and damages are increasing. Smartphones, laptops, and other connected devices are all susceptible to cyber threats. From data breaches to ransomware attacks, cyber insurance protects your company and employees from digital disasters. If your company owns or operates a website, online store, or any other online platform, it is important to have cyber insurance. Cyber Liability Insurance protects against financial loss due to cyber attacks, data breaches, and other cyber-related risks. It covers expenses related to investigating and defending claims, repairing damaged systems, and restoring data.
Fidelity Insurance for companies and individuals
Fidelity Insurance covers claims against employees who steal money or property from their businesses. It can also provide coverage if employees assist others in stealing from your company. Fidelity Insurance is a common employee benefit among professionals such as auditors, tax consultants, lawyers, and financial advisors. It can be purchased to protect a company against losses caused by their employees’ dishonesty. Fidelity Insurance policies are customized depending on the needs of businesses. They generally cover a percentage of funds lost due to employee dishonesty. Fidelity Insurance can be purchased for the entire company or just for the upper management. It may also be offered as a voluntary benefit provided it is offered in a way that does not violate discrimination laws. When purchasing a fidelity policy, it is important to consider your company’s risk of employee dishonesty. Additionally, you should consider the amount of coverage needed and the cost of the policy.
Kidnap & Recovery Insurance for individuals and businesses
Kidnap & Recovery Insurance covers ransom payments and other expenses related to kidnappings. It also provides coverage against threats of kidnapping and other criminal acts. Kidnap & Recovery Insurance is common among high-net-worth individuals and executives of large companies. It is a specialized type of personal insurance that is rarely offered as a group benefit. The coverage amount and policy details depend on the company offering the policy. It is advisable to select a reliable insurance provider to determine the premium amount and coverage terms. If you travel frequently or have employees who travel to high-risk areas, Kidnap & Recovery Insurance is essential. It covers ransom payments and other expenses when an individual is kidnapped. It also protects against threats of kidnapping and other criminal acts. Kidnap & Recovery Insurance is available in two types: Personal and Commercial. Personal Kidnap & Recovery Insurance is for individual protection. Commercial Kidnap & Recovery Insurance is for businesses.
Conclusion
Nowadays, it’s difficult for any company to sustain itself without insurance. Employees are prone to make mistakes, so it’s important to have a fidelity insurance policy to protect against employee dishonesty. If a computer is stolen from the office, it makes sense to have a cyber insurance policy. If the building is broken into, it makes sense to have an accident insurance policy. And yes, if an employee gets kidnapped, you need kidnap and ransom insurance. LeadWay Assurance Company LTD is a trusted name in the insurance industry. They have been providing quality insurance products to their clients since 1978. If you are looking for the best employee benefits plan, you should consider partnering with LeadWay Assurance Company LTD.
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