Determined to address losses associated with fire incidents in the workplace, Universal Insurance Plc, has initiated a retail product called “Shop Cover” in partnership with T.A. Braithwaite Insurance Brokers
The partnership, according to the firm, is aimed at opening more avenues for the sale of its fire and special perils products to drive insurance penetration and market expansion.
The firm said developing the product became necessary because most shop owners do not embrace insurance and need to protect their goods and properties against fire and special perils, specifically during the dry season.
The Managing Director, Universal Insurance, Benedict Ujoatuonu, promised prompt payment in line with the firm’s tradition and urged shop owners to take advantage of the benefits provided by the unique product.
The Managing Director, T.A. Braithwaite Insurance Brokers, Akintunde Aturu, applauded the underwriter for the opportunity and expressed his firm confidence in the product