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Which insurance policies can a Nigerian SME need?

An SME insurance review should start with the events that could stop trading: injury, property damage, liability, cyber loss, death or disability of a key person, employee obligations and debt.

What to check

Map people, premises, stock, equipment, contracts, data, vehicles and loans; then match each material risk to a policy rather than buying a generic bundle.

What could change the answer

Life cover does not insure property or liability, and group life does not replace employee compensation obligations. Each contract has a different trigger.

A practical next step

Create a one-page risk register and ask a licensed broker or insurer to price only the priority gaps.

Reviewed 2026-09-09