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Law Union And Rock Insurance, Plc. in Lagos | Online-store Law Union And Rock Insurance, Plc. Lagos (Nigeria)

Law Union And Rock Insurance, Plc.

+234 (1) 899-50-10
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Address

Nigeria,  Lagos ,  Lagos,  Law Union House 14 Hughes Avenue Alagomeji

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About enterprise

Law Union And Rock Insurance, Plc.

Law Union & Rock is one of the first generation Insurance Companies to open office in Nigeria six decades ago. We began operations in Nigeria in 1951 as a Chief Agency when the late Sir Mobolaji Bank-Anthony held the power of Attorney for Royal International Insurance Holding, a U.K leading Insurance Company [the first Nigerian to have such authority]. In 1957, the company acquired Branch status and continued to operate as a Branch of Royal International Insurance Holding, United Kingdom, transacting all major classes of Insurance businesses until June 1969 when it became incorporated locally in compliance with the Companies Act of 1968. In 1976 with the promulgation of Indeginization Decree, the Federal Government of Nigeria decided to acquire shares in leading Financial Institutions in the country, the Company was one of those affected by the exercise. The Federal Government acquired 9,775 shares of N2 each, which was 39.1% of the Company's Paid-up capital. In 1989, the Federal Government in pursuit of its Privatization and Commercialization policy offered to the public its shares in the Company and this exercise led the company into being quoted on the floor of the Nigerian Stock Exchange on 9th July 1990. Law Union & Rock Ins. Plc is now a fully indigenous public quoted Insurance Company having met the N3 Billion Capital Base and recertified by NAICOM to continue to operate as a General Insurance Business Underwriter.
Products and services
Personal Accident Insurance
 
This provides benefits to employees in the event that they sustain any injury, which may result in death or permanent disability. Cover operates on a 24 hour basis irrespective of whether or not the injury was sustained in the course of emplyment. The injury or death must however be as a result of...
Group: Insurance upon accidents
Professional Indemnity Insurance
 
For those who carry out professional service(s) on behalf of their clients e.g Auditors, Solicitors, Accountants and Doctors, this class of insurance is highly essential because it provides compensation for claims that may arise as a result of any negligence, omission or error committed in the...
Group: Insurance of the responsibility for professional negligence, negligence
General Third Party Liability Insurance
 
This policy provides indemnity against legal liability to third parties arising out of/ or in the course of business operations, i.e. against damages, costs and expenses incurred in respect of accidental death or bodily injury, and/or accidental loss or damage to third party property on or outside...
Group: Third party liability insurance service (including carrier liability)
Fire & Extraneous Perils Insurance
 
All movable and immovable property such as Buildings including electrical installations and lifts, Factories and other manufacturing concerns, Offices, Commercial Centres, Shops, Supermarkets, Warehouses, Schools, Hotels Stadia, Markets; Machinery and Appurtenances thereto, Household Goods and...
Group: Insurance of real estate
Money Insurance
 
This policy is designed to cover loss of money and cheques as a result of fire, theft and other causes not specifically excluded. The money will be covered during transit to and from other banks and locations. Cover will also extend to include all monies while on your premises or on the counter...
Group: Insurance of cash and values taking place in transportation
Goods In Transit Policy
 
This policy covers the risk of loss or damage inherent in the movement of goods including loading or unloading risks from the point of departure until delivered at destination. The cover granted is practically 'All Risks' including Fire, Theft and other insured perils but excluding loss or damage...
Group: Cargo insurance
Marine Insurance
 
This policy covers maritime risks. The two major divisions of this cover are Marine Cargo and Marine Hull. Marine Cargo covers shipment of goods or consignments across international waters/boundaries against loss or damage to the goods being transported. Marine Hull covers ship, Boats or Vessels...
Group: Insurance of marytime transport
Motor Insurance
 
Motor insurance is usually grouped according to the typeof vehicles, e.g. Private Cars, Commercial Vehicles, Agricultural and Forestry Vehicles, Motor Trader Vehicles,Vehicles of special construction such as mobile cinemas and canteens. COVER The most popular forms of cover are Comprehensive:...
Group: Insurance of automobiles
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