WhyYouNeedSMEMotorInsurance
For many small and growing businesses, a vehicle is more than just a means of transportation. It helps you deliver products, serve customers, visit clients, move supplies, and keep daily operations running.
When that vehicle is involved in an accident, stolen, or damaged, the financial impact can extend beyond repair costs and affect business activities.
NEM SME MotorInsurance helps protect business vehicles against accidents, theft, fire, and third-party liabilities, allowing you to focus on running your business with confidence.
Everybusinesshasdifferentoperationalneedsandriskexposures.
NEMInsuranceoffersarangeofmotorinsuranceoptionstohelporganisationsselectthelevelofprotectionthatbestsuitstheirrequirements.
Third-Party Motor Insurance
This is the minimum level of cover required by law for vehicles operating on Nigerian roads.
It provides protection for:
Third-party property damage
Bodily injury to third parties
Death of third parties arising from the use of the insured vehicle
Third-Party, Fire and Theft Insurance
This option provides broader protection than standard third-party cover.
In addition to third-party liability protection, it also covers:
Fire damage to the insured vehicle
Attempted theft
Theft of the insured vehicle
Comprehensive Motor Insurance
Our most extensive level of protection.
Comprehensive Motor Insurance covers:
Accidental damage
Fire
Theft
Vandalism
Malicious damage
Riot and civil commotion
SMEMotorInsuranceissuitablefor:
Small businesses
Delivery and logistics businesses
Retail and distribution companies
Service-based businesses
Tradespeople and contractors
Small businesses
Delivery and logistics businesses
Retail and distribution companies
Service-based businesses
Tradespeople and contractors
WhatDoesMotorInsuranceCover
Dependingonthelevelofcoverselected,yourSMEMotorInsurancepolicyprovidesprotectionagainst:
Accidental Damage
Theft and Attempted Theft
Fire Damage
Third-Party Property Damage
Third-Party Bodily Injury or Death
Vandalism and Malicious Damage
Riot and Civil Commotion
Why Businesses Choose NEM Insurance
Flexible cover options
Protection for business vehicles
Reliable claims support
Nationwide branch network
Trusted insurance expertise
Licensed and regulated by NAICOM
Flexible cover options
Protection for business vehicles
Reliable claims support
Nationwide branch network
Trusted insurance expertise
Licensed and regulated by NAICOM
Frequently asked questions
Yes. Every vehicle operating on Nigerian roads must have valid Third-Party Motor Insurance as required by law.
Yes. Cover can be arranged for multiple vehicles depending on your business requirements.
The answer depends on the type of vehicle, how it is used, and the level of protection required. Our team can help you select the most suitable option.
Notify NEM Insurance as soon as possible after an incident and provide the required documentation. Our claims team will guide you through the claims process.