+234 1 632 6361
+234 808 908 6658
info@davisther.net
Our Services
We render purely a professional service by identifying and analysing the various risks to which the business of our existing and potential customers are exposed. Consequently, we design and recommend adequate risk management techniques capable of eliminating or reducing the impact of loss occurrence on the business activities of our customers.

We also aim at ensuring for our clients, competitive premiums, fast and hassle-free claims service and policy terms that are easy to understand. We do not charge clients directly for any services rendered rather our fees are, by way of tradition, paid as commission by the insurance companies that underwrites the risks. We leverage on our experience to give expertise advice as broker and consultant to our numerous clients on the choice of insurance and security required for the risks inherent in the business they do.
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With claims handling becoming a part of the insurance broking services we are well on course to make a productive impact in the insurance industry of Nigeria.

Overview of various classes of our
Insurance products

Motor and Automotive Equipments​ Insurance

​​For your Motor insurance, let's get you covered and protected against accidental damage of your car(s), theft and/or  third party vehicle damages and bodily injury or death sustained by third party resulting from the use of your car?    

Comprehensive:
  • Comprehensive covers would be required to determine the actual premium payable. Full details of vehicles to be covered, e.g., registration number, engine and chassis number, type, values would be required.
  • Private / Commercial
  • Accidental damage
  • Fire and Theft of Own vehicle
  • Third Party Property Damage/Bodily injury or Death to Third Party
  • Emergency medical expenses, reasonable cost of towing and protection
  • Flood, Strike, Riot and Civil Commotion
 
Third Party Fire  & Theft:
  • Third Party Property Damage
  • Third Party Death and Bodily Injury
  • Third-party medical treatment costs
  • Theft or attempted theft of the insured vehicle
  • Fire damage to the insured vehicle
 
Third Party:
  • Third Party Only – Covers vehicular damage to the third party property and/or bodily injury to the third party.
  • Third Party Death and Bodily Injury
  • Damage to Third Party Vehicle and other Property
  • ​Third Party Medical Expenses and Cost of litigation​

Life Assurance​

This cover takes care of present and future needs. It provides Life Assurance for a wide variety of purposes. Depending on the plan or plans you choose, you can use Life Assurance to provide a lump sum or income for your family if you happen to die, an investment for the future or to meet the cost of major expenses such as weddings or school fees, even the repayment of mortgage.

Personal Accident

This policy provides for payment of a certain specified sum in the event of accident to the insured personsThis policy provides compensation in the event of an accident leading to bodily injury, disability or death within Nigeria and can be extended to a world-wide coverage without geographical limitation.

The Policy gives a 24-hour cover to employees / individual against:

  • Permanent Disability
  • Temporary Disability
  • Medical Expenses
  • Death

Money Insurance

This policy covers cash and other forms of money, e.g. Cheques, Travelers’ cheques, Bills of exchange, etc, against loss from business premises and during transit. Cover can also be provided for cash in safe and can also be extended to include damage to safe. Money in personal custody of senior employees as float can also be covered.

Fidelity Guarantee

This policy covers you against any acts of fraud or dishonesty committed by your employees holding positions of trust during the period such employees are guaranteed or during the uninterrupted service of such employees in the capacity aforesaid.
The following information may be required:-
 
  • Total number of staff to be guaranteed
  • Limit any one guaranteed
  • Aggregate limit any one year.

Consequential Loss

A material damage fire policy provides compensation following destruction of or damage to buildings, contents and stocks but does not provide any cover for loss of use of the premises and the loss of trading that follows:

It is inevitable that a fire or other damage in business premises will lead to a partial or total disruption in production, sales or whatever business activity that is carried on. As a result, the turnover and earning capacity of a business are diminished. This is the subject matter of a consequential loss insurance.
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A consequential loss policy protects the earning capacity of a business and supplements any trading maintained after a fire (or other insured damage), to enable all the overheads of the business which do not reduce proportionately with trading to be met. It also enables the business to achieve the level of net profit, which would have been earned, but for the fire incident.

Travel Insurance

It provides protection to the insured while abroad in the event of the following:
  • Sudden Illness
  • Hospitalisation
  • Ambulance Transportation
  • Loss of Personal belongings
  • Repatriation of mortal remains (corpse) etc

Other Benefits:
  • It fulfills the statutory requirements of immigration authorities of some selected foreign countries.
  • It provides cover for travelers up to age of 70. It can also extend to 80 years.
  • It covers travelers who travel for holidays and business purposes.
    >> Note: This Insurance is required for Visa applications to the following countries; Austria, Belgium, Germany, Spain, Denmark, Greece, etc

Group Life Assurance​

The Group Life policy provides cover for the employees against loss of life caused by natural death in the cause of employment. ​It pays a pre-determined benefit to employees’ named beneficiary in the event of any member’s death or disappearance.

Benefits
  • It fulfills part of the statutory requirements of the Pensions Reform Act 2014 Cover time / type 24 hour
  • No geographical limit
  • Covers Death as a result of both Accidental and Natural Causes
  • Disappearance (death benefit payable after 12 months of disappearance)​

Group Personal Accident

This policy provides for payment of a certain specified sum in the event of accident to the insured persons.
 
  • DEATH
      A capital sum payable provided death occurs within twelve months of the date of the accident to the legal personal representative of the deceased or to the insured or principal who effected insurance on the life of the deceased.

  • PERMANENT DISABILITY
           Regarding total paralysis or injuries resulting in being permanently bedridden and any other injury causing total disablement.

  • MEDICAL EXPENSES
        Reimbursement up to the amount specified in respect of reasonable medical, surgical, hospital, Nursing home fees or charges necessarily incurred within twelve (12) months of the date of the accident. The medical expenses limit to be covered is to be selected by the insured.

          The conventional market practice is for benefit under (a) and (b) to be arranged in multiples of annual salary e.g. 5 times annual salary for death and permanent disablement. The             advantage of this is that the benefit is self-adjusting and current at all times as salaries get reviewed. Although a higher level of benefit can be selected by you for (a) and (b).

           We would need to know the total number of employees involved in their occupational split and their estimated wages/salaries to determine the premium payable.

Marine and Aviation

​​This policy provides an all risks cover for goods whilst in transit from the port of shipment to the port of discharge and thereafter to the final warehouse subject to policy exceptions.

Bonds/Guarantee

The policy indemnifies the principal against the defaults of the insured. The following factors will be taken into consideration in granting this cover.​
  • Financial standing of the company – usually three (3) years Audited Accounts required
  • A counter guarantee to be signed by a third party acceptable to the company is to be lodged with us
  • A collateral security is to be deposited with the company by the applicant or guarantor for the duration of the bond
  • A counter indemnity is also to be furnished.

Fire and Special Perils

The policy indemnifies you against damage or destruction to buildings and its contents as a result of fire and other special perils like Lightning, Earthquake, Aircraft Damage, Impact, Tornado, Flood, Riot and Strikes, Malicious Damage, Bush Fire and Burst Pipes. Items that can be covered under this are:-

  • Building (including Gates and Fences) of standard construction belonging to the insured or held in trust or on commission occupied as offices and/or private dwellings.
  • Plant and Machinery
  • Stock
  • Office Furniture, Fixtures, Fittings, Utensils
  • Removal of Debris
  • Rent (Where building is not owned by the insured but rented, amount paid in advance for rent can be covered under this policy).

There are various discounts attached to this policy. For example, discount for fire-fighting appliances, reduction of risk, and Long Term Agreement to mention a few. These go a long way to reduce your premium outlay.

Oil and Energy

This policy covers all risks of physical loss and destruction to the insured properties (including Legal liability arising thereof) to the properties of the insured or arising out of the insured’s operations (including their agents). Properties covered under this policy would include the following:-
 
  • Oil Rigs and Platforms
  • Pipe Lines
  • Flow Stations
  • Gas Terminals
  • Farm Tanks
  • Operators Extra Expenses
  • Cost of Controlling Well Fire
  • Cost of Re-drilling
  • Oil Seepage and Pollution (Clean Up cost and Third Part Liabilities)
  • Cryogenic Vessels – Hull
  • Employee Properties/Welfare Policies
  • Employer Liabilities
  • Extra Cover as desired by the Operator.

Burglary and Theft

This policy covers loss or damage due to burglary or theft to property involving entry into premises by forcible and violent means, including damage to premises consequent upon such theft or any attempt thereat. Items that can be covered under this policy are:-
 
  • Moveable Plant and Machinery
  • Stock
  • Office Furniture, Fixtures, Fittings and Utensils

Plant All-Risks

​​This policy covers loss or damage to the insured machinery whilst at the situation from any cause outside the machinery including fire, explosion, impact damage, etc subject to policy exceptions.

A list of all plant to be insured and their values will be required.

Contractors All-Risks

​This policy offers comprehensive protection against loss or damage in respect of contract work, construction plant and equipment and/or construction machinery. The policy may also be extended to provide protection against third party legal liabilities.

Erection All Risks

​This policy offers comprehensive protection against all the risks involved in the erection of machinery, plant and steel structures of any kind. It may be extended to cover third party liabilities in connection with the erection project.

All Risks

​Offers protection against loss, destruction or damage (subject to policy terms and conditions) to household goods, valuables and specified personal effects "such as mobile phones, laptops, cameras etc".. This cover is very ideal in circumstances where company provides for furnished apartments for its senior executives. A list of all items to be covered and their locations will be required.

Goods in Transit

This policy indemnifies the insured for loss or damage by any accident or misfortune whilst the property insured is in transit as described in the schedule or whilst in the course of loading on to or unloading from the conveyance or whilst temporarily housed in the ordinary course of transit subject to the policy terms, conditions and exceptions.
However, a restricted cover can be granted to cover:
 
  • Loss by fire
  • Loss by accidental collision, impact or overturning of the conveying vehicle
  • Loss by theft following accidental collision or overturning of the carrying vehicle conveyance.

Machinery Breakdown

​Provides indemnity in respect of the cost of repairing or replacing insured machinery as a result of breakdown whilst the machinery is:- 
  • Working
  • At rest
  • Being dismantled, moved or re-erected for the purpose of cleaning, inspection or installation in another position within the situation of the risk.

Computer/Electronics

Provides cover against all risks of physical loss or damage to… computer/electronics and periphery equipment thus:-

  • ​Section A1 - Provides cover against sudden and unforeseen damage.
  • Section A2 - Provides cover against breakdown.
  • Section B1 - Provides cover against consequential loss, e.g. Computer Bureau Costs, Loss of Gross Profit, Over-time Payment and costs of extra clerical staff.
  • Section B2 - Provides cover against cost of reinstating data into data carrying media.

Public Liability / Product Liability

​This policy provides indemnity in respect of the legal liability of the insured for accidental bodily injuries to and accidental damage to the property of members of the public caused by the insured or his employees in the course of their work, or by defects in the premises, ways, works, machinery or plant.

In addition, it also covers legal costs and expenses recoverable from the insured by the claimant and all expenses incurred by the insured with the consent of the insurer to the extent of their liability stated in the policy.
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This policy can be extended to include the following risks:-
 
  • Fire and Explosion
  • Passenger Lifts
  • Food Poisoning
  • Defective Sanitary Arrangement

Professional Indemnity

This policy indemnifies the insured in respect of his legal liability to third parties as a result of his professional negligence (subject to policy terms and exceptions).