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Proposer

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Quote Details

**The minimum base premium due is N15,000. Please note that if it is less than that, your premium due will be adjusted to N15,000.

Total Sum Insured (N) Rate (%) Premium (N)
Limit Per Occurrence
Limit Anyone Period of Insurance (Aggregate Limit)
Per Capital Charge
Number of Staff
0.10
Annual Premium Due

Summary of Cover

This policy covers the insured against losses suffers as a result of employees dishonest, misappropriations of funds and fraudulent conversion of the company’s fund.

Clauses/Extensions

Character Reference Clause

Excess Clause

Prosecution Clause

Conviction Clause

Automatic Reinstatement Clause

Guarantor’s Warranty

Auditing Clause

Proof of Loss Clause

Annual Leave Warranty

Staff Selection Clause

Notification and Discovery Loss

Employment Warranty

See Excess below or 10% whichever is greater for each and every claim  
0-5Mn 150,000
5-10Mn 300,000
10-20Mn 400,000
20-50Mn 500,000
50 & Above 1,000,000

Exclusions

NOTE: This policy does not cover the insured against the following risks: Cyber Risk, Performance Bonds, Credit Bonds, Bankers blanket bonds.

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