Calculate Your Estimate
▾| Cover Type | Premium Range |
|---|---|
| Fire Insurance | — |
| Burglary / Theft | — |
| Public Liability | — |
| Professional Indemnity | — |
| Goods in Transit | — |
| Total | — |
Nigeria Business Insurance Estimator — What You Need to Know
Estimate business insurance costs in Nigeria. Calculate fire, theft, public liability, and goods in transit premiums for your SME. Use this free calculator to get a quick estimate before contacting insurance providers.
Third-party motor insurance in Nigeria is NGN 15,000/year (NAICOM standardized since Jan 2023), covering up to NGN 3M in third-party property damage. Major providers include Leadway, AXA Mansard, AIICO, NEM Insurance, and Custodian. Verify your policy at askniid.org or dial *565*11#. The market is regulated by NAICOM (National Insurance Commission), with insurance penetration at 0.5% of GDP.
Disclaimer: These are estimates based on market data and published rates. Actual premiums depend on individual circumstances, insurer assessment, and negotiation. Always get formal quotes from licensed providers.