Our wide product range includes standard personal and commercial
insurance covers such as mentioned below. At NICO General Insurance
Company Limited the 'one size fits all' concept does not apply,
we therefore pride ourselves in arranging insurance covers tailored
for the needs of our corporate clients.
Household contents and
buildings, motor vehicles, 'all risks', Watercraft, Personal Liability,
Motor Vehicle, Contents and Stock, 'All risks' covers, Engineering
covers, Buildings, Professional Indemnity, Employers Liability,
Personal Accident Covers, Public Liability, Products Liability,
Employee Dishonesty, Business Interruption, Asset 'all risks', Marine
Hull, Marine Cargo, Bonds and Guarantees, Goods in Transit, Plate
Glass, Travel Insurance and our tailor made products.
Synopsis on various insurance covers:
• House Owners /House Holders Insurance
Covers insured's buildings and contents exposure to a variety of
perils such as fire, explosion, flood, storms, earthquake, riot,
strike, malicious damage, theft, impact damage etc.
• Motor Vehicle
Covers vehicles at three main different levels apart from the basic
"ACT" cover being third party cover which pays for liability
to third parties, Third Party Fire and theft which covers in addition
to the Third Party cover, the cost of claims arising from fire and
theft of the vehicle or accessories attaching thereon, and finally
the Comprehensive cover which covers third party liabilities in
addition to damage to the insured vehicle. We also have an excess
buy-back option for motor insurance clients with loss ratios of
less than 70%.
Insure your car with NICO General. You can now buy your policy at any NBS outlet. >>>
• Office Combined Insurance
Covers Insured's exposure to named perils affecting office contents,
office machinery, documents against fire, explosion, flood, storm,
riot, strike, malicious damage, impact damage and your liability
to third parties.
• Engineering Insurance
Provides indemnity to Insured
after accidental breakdown to machinery and ancillary aspects as
- Project Insurance
Provides comprehensive cover for loss or damage to the structures
being erected or buildings under construction against accidental
losses to the contract works. Construction, plant, equipment and
- Plant and Machinery Insurance
Provides cover for contractors' plant and machinery on an "all risks"
basis except those losses excluded under the policy.
- Electronic Equipment Insurance
Provides 'all risks' type of cover on accidental loss and /or damage
to electronic equipment such as computers, UPS, printers, external
date media, equipment for medical use, communication facilities,
equipment for research and testing material, increased cost of working
etc. Breakdown losses are also covered.
• Goods-in-Transit Insurance
Provides cover to suppliers/ buyers/ owner for the loss or damage
to goods sold/ bought/ owned whilst in transit.
• Marine Insurance
Provides cover for loss or damage to the Insured property whilst
in transit between other countries and Malawi and
vice versa which are caused by "perils of the sea" (such as bad
weather, sinking collision or stranding) and by theft, jettison,
piracy and other similar perils. Marine losses fall in four main
areas, Hull, Cargo, Freight and Marine Liability.
• Workers Compensation Insurance
Provides for payment of compensation as required by statute to workers
or at common law due to disablement resulting from accidents occurring
or industrial diseases contracted in the course of and arising out of
• 'All Risks' Insurance
A wider scope of cover than provided by the standard fire and household/ house
owners policies is available to commercial entities/ individuals
or on items such as satellite dishes, portable computers, cameras,
jewellery, personal effects etc. Cover under this policy insures
any loss or damage to insured items unless specifically excluded
by policy wording.
• Fire Insurance
Covers buildings, plant/ machinery/ accessories, furniture, fixture
and fittings, stock-in-process, raw materials, finished goods etc,
against loss or damage to fire, explosion, riot, strike, malicious
damage, impact damage, flood, storm, tempest, earthquake, landslide,
subsidence and other perils as named and described in the NICO
General Insurance Company Limited policy wording.