Friday, February 28, 2020 The Benefits of Insurance in Agriculture & Export A Presentatio n By: Leonard A - Z Network Forum Okereafor Packaging for @ a-z export
Leadway Assurance Company Limited Friday, February 28, 2020. Risk is an indispensable component of life Leadway Assurance Corporate Profile Friday, February 28, 2020
Our Value Proposition Leadways Agricultural/Export Insurance Offerings provide: protection to farmers/exporters against financial losses; innovation for improved farming practices; a platform that sustains the export of local products; a culture of prompt claims settlement; A proposition that ensures the survival, development and growth of agribusiness in Nigeria. Leadway Assurance Company Limited Friday, February 28, 2020. Our Agricultural Insurance Products
POULTRY FARM FISHERY & FISH FARM MULTIPERILS CROP LIVESTOCK COMBINED FARM PRODUCE & EQUIPMENT Leadway Assurance Company Limited Friday, February 28, 2020. POULTRY FARM INSURANCE POULTRY FARM INSURANCE: This offers a comprehensive cover against death of Broilers, Layers and Parent Stock (Hatchery Birds) and all commercial birds occasioned by Diseases, Accident, Fire,
Windstorm, Flood and Lightening. The sum insured is calculated based on the projected market value of the broiler at table size, layers and parent stock at point of lay. The premium rates and other terms are negotiable depending on the level of size of the farm, biosecurity and standard of management. Underwriting Requirements: Location of the farm Number and age of birds to be insured Method of rearing Value per bird Completion of proposal form (questionnaire) Loss experience in the last 3-5 years Vaccination evidence Leadway Assurance Company Limited
Friday, February 28, 2020. FISHERY AND FISH FARM INSURANCE POLICY FISHERY AND FISH FARM INSURANCE This offers a total cover for your fish, fish ponds and hatchery. The cover provides compensation in case of death of your fish stock and collapse (Dyke) of the fish pond occasioned by diseases, accident, fire, flood, lightening and windstorm. The sum insured is determined based on the projected market value of the fish stock at table size and cost of construction of the fish pond or the hatchery. The premium rates and other terms are negotiable depending on the size of the farm and risk improvement facilities available. Underwriting requirements: Location of the farm Type of pond Number of fish per pond
Completion of proposal form (questionnaire) Loss experience in the last 3-5 years. Leadway Assurance Company Limited Friday, February 28, 2020. Policy Offerings & Summary of Exclusions MULTIPERILS CROP INSURANCE MULTIPERILS CROP INSURANCE This provides insurance cover for all arable and perennial crops against the risk of fire, flood, lightening, windstorm, explosion, pest and diseases. The sum insured is the estimated cost of production or the value of the crop as
declared in the proposal form. The premium rates and other terms are negotiable based on the size of the farm, risk improvement facilities available and standard of practice. Underwriting Requirements: Location of the farm Completion of the proposal form (questionnaire) Size of the farm (acreage) Sum insured (cost of production) Loss experience in the last 3-5 years Leadway Assurance Company Limited Friday, February 28, 2020. LIVESTOCK INSURANCE POLICY LIVESTOCK INSURANCE
This offers comprehensive livestock insurance for your farm animals including cattle, horses, sheep, goat, dogs, rabbits and any other animal kept on the farm for the purpose of profit, food, ornamental and recreations against death as a result of diseases, fire, flood, lightening and windstorm. The sum insured is the market value of the animal that is declared in the proposal. Premium rate and other terms are also negotiable depending on the size of the farm, level of biosecurity and standard of management. Underwriting Requirements: Location of the farms Sum insured Completion of proposal form Loss experience in the last 3-5 years System of production Leadway Assurance Company Limited
Friday, February 28, 2020. FARM PROPERTY AND PRODUCE INSURNACE FARM PROPERTY & PRODUCE INSURANCE This offers insurance cover for your stored farm produce, machineries and equipment against the risk of fire, burglary/housebreaking, lightening, flood, explosion, windstorm and aircraft impact. The market value of the property or produce declared would be considered the sum insured. The premium rates and other terms are negotiable depending on the size and the risk improvement facilities available on the farm. Underwriting Requirements: Location of the property or the warehouse Sum insured Security details Completion of the proposal form (questionnaire)
Leadway Assurance Company Limited Friday, February 28, 2020. Insurance Products for Export Risks Goods In Transit Insurance Marine Insurance Policy Leadway Assurance Company Limited Friday, February 28, 2020. Summary of Policy Offerings 1. Property Insurances 2. Public /Product Liability
3. Occupiers Liability (Compulsory Insurance) 4. Private / Commercial Vehicle Insurance (Compulsory Insurance) 5. Group Life (Compulsory Insurance) 6. Group Personal Accident Insurance 7. Contingent Employers Liability Insurance 8. Bond Guarantee 9. Money 10.Fidelity Guarantee 11.Electronic/ Computer All Risk Leadway Assurance Company Limited Friday, February 28, 2020. Claims Handling Process Simple and devoid of bureaucracy.
Claim Notification (24 hrs) Registration Settlement Cheque Investigation Offer Loss Adjuster
Discharge Voucher days) (3 Leadway Assurance Company Limited Friday, February 28, 2020. Thank you for listening QUESTIONS ?
