Innovation, they say, is a function of creativity. We all know, however, that for the SME, there is very little margin for error even in innovation. While the average SME is more concerned about raising capital to scale and ensuring the sustenance of their businesses, it is important to note that protecting the assets of the business is much more critical to sustainability.   This is where insurance comes in. The insurance industry in Nigerian has an opportunity to drive innovation by providing risk-reduction solutions to small and medium-sized businesses (SMEs). While many SMEs need help in obtaining financing because financial institutions are reluctant to provide loans without adequate collateral, there are a couple of insurance products that protect financial institutions from default. But for the other emerging risks associated with running an SME, a few other insurance products risk may provide the security required. From Fidelity Guarantee which can p...Read more

As a business stakeholder, you understand that risk-taking is an unavoidable part of the game. Every day, you make decisions that affect your company's future, and finding the right balance of risk and reward can be difficult.  However, some risks are beyond your control and, if not properly managed, can have serious consequences; this is where general insurance comes in. The truth is that no business is risk-free. Accidents happen, and unanticipated events can occur at any time, but insurance provides a safety net that allows you to recover quickly and return to doing what you do best.  Another important thing is that insurance can help you build trust with your clients. Customers want to know that they are doing business with a financially stable company that has a contingency plan in place for unexpected events. Having general insurance coverage can help your company establish itself as a trustworthy partner in their eyes.  While it may be...Read more

As a business stakeholder, you understand that risk-taking is an unavoidable part of the game.   Every day, you make decisions that affect your company's future, and finding the right balance of risk and reward can be difficult.   However, some risks are beyond your control and, if not properly managed, can have serious consequences; this is where general insurance comes in.   The truth is that no business is risk-free. Accidents happen, and unanticipated events can occur at any time, but insurance provides a safety net that allows you to recover quickly and return to doing what you do best.   Another important thing is that insurance can help you build trust with your clients. Customers want to know that they are doing business with a financially stable company that has a contingency plan in place for unexpected events. Having general insurance coverage can help your company establish itself as a trustworthy partner in their eyes. ...Read more

The rainy season is a relief from the hot summer- but wait, it is costly too!  Thanks to broken dams, overflowing rivers, and cloaked drains, this results in an uncontrollable flood scene. Every year we hear awful news about the aftermath of flooding. This is because mitigation measures are not taken at the right time. For you, arriving early at your workplace is your topmost priority, and flooding is one thing that poses a threat to your vehicular movement. We've outlined some driving safety tips for your convenience. ·       Avoid the centers and drive by the sides. ·       Paying attention to other road motorists ·       Drive with an emergency toolkit in your car. ·       Avoid high-speed driving. ·       Apply the brake lightly to dry them off. · ...Read more

The swift change from the dry to the rainy season stirs up mixed feelings in different people. But in reality, the rainy season is inevitable. While it is a period of productivity for the likes of farmers, it comes with provocations for small business owners in areas like material damage or supply interruption, which derails daily business operations. You are not alone. To help you tackle the setbacks of heavy rainfall and keep your business on track, we created a checklist for your retail store. ·       Move your essential equipment away from risky spots. ·       Avoid electrical equipment on wet floors. ·       Endeavor to check for water entry spots in your building. ·       A proper drainage system helps to prevent flooding. ·       Remember to include SME insurance in yo...Read more

As a young entrepreneur, it is very easy to be absorbed in the day-to-day grind. One of your foremost concerns is the continuity of cash flows and making your employees happy, which makes it difficult to consider the “what ifs” situations.  If you have ever been in a situation where your business has suffered some sort of loss, then you know the feeling of panic and frustration that comes with it. Things can get ugly when you don't have a rescue plan. With SME Insurance, your business is guaranteed protection against any financial and operational disruption you might face.  The astounding thing about this coverage is that your business is protected against natural disasters or burglary.   Guess what… your indispensable employees can also get protection against any casualty. With SME Insurance your business gets insurance solutions against any form of interruption. Call 0700SANLAMGI or send a mail to general@sanlam.c...Read more

The favorable season you would like to work round the clock on your farmland is the wet season. It is hard to neglect the fact that it comes with a bounty of benefits for a good plantation. However, loads of preparation are involved in becoming a successful agribusiness owner in a season like this. One of them is to ensure that good and quality inputs are sourced for planting. Getting high quality seedlings for your farm operation cannot be overemphasized. The quality of seedlings has a direct relation to your eventual harvest. In the period of doubt, you can consider procuring your farming inputs from the right and government-approved sources for a guaranteed harvest. That is not all. We also encourage you to protect your plantation with the right agric insurance plan. This keeps your source of livelihood unshakeable. Talk to us today for your Agric Insurance. Call 0700SANLAMGI or send a mail to general@sanlam.com.ng

Wait! Let me guess, it has always skipped your mind to renew your home insurance. This probably skipped your mind because you have other goals to smash before the year runs out. Things like buying a new plasma TV, a treadmill to be fit, etc., could make you omit your home insurance from the checklist. Well, achieving your mid-year goals involves taking cognizance of unexpected developments. You can never go wrong when you have your home insurance renewed. Your home insurance renewal helps cushion your financial planning in the event of damage due to fire, flood, burglary etc., ticking all your goal boxes on your checklist. Home insurance is not an extra expense in your budget but a necessity. So, if your coverage has elapsed, speak to your insurer today. Call 0700SANLAMGI or send a mail to general@sanlam.com.ng