Insurance-brkrs

Bondwell Insurance Brokers

We are pleased to introduce our company to you as a well structured and formidable Insurance Brokerage firm of repute. Bondwell Insurance Brokers was incorporated in 1999 and commenced business fully the following year. We have business offices in Lagos and Abuja: indeed it is the fastest growing Insurance brokerage firm in the country given its numerous clients within its short years of existence.

Our services revolve around the need to provide adequate insurance cover at low cost to your organization. This involves placing your risks with reputable insurer(s), servicing the various policies and handling claims which may arise from time to time.

 

Our Services

SERVICING YOUR INSURANCE POLICIES

We shall simplify all your insurance matters thereby reducing to a minimum the amount of man hour that would have been spent on their administration. We shall also liaise with your insurance unit and assume a substantial portion of the task involved in administering your insurances as follows:

  • Ensure that all policies have a common renewal date thereby eliminating the need to keep watch over the renewals at different times during the year.
  • Ensure that newly acquired assets are promptly added to the policies and also all sold or transformed assets are deleted and appropriate return premium duly paid to you.
  • Ensure that you do not loose sight of those duties imposed on you by the policies in order to avoid possible repudiation of claims on grounds of breach of policy conditions or warranties.
  • Ensure that insurance premium rates are reviewed downwards if the market trends and/or your claims experience make this necessary.
  • Serve as consultant (at no cost whatsoever) in the field of risk management. Our advice could lead to an improvement in your risk exposures and may result in lower cost insurance.
PLACEMENT OF RISKS

We often prefer placement with one Insurer and/or with a panel of co-Insurers. The advantages of doing this are the following;

  • Placement of risk with one underwriter would ensure that he would devote sufficient attention to the business as he would not want to loose the whole account due to poor performance.
  • Spreading of some risks like Fire and accident among co-insurers is in line with the main objective of insurance, which is risk transfer.
  • In the event of a claim there will be silent competition amongst the various insurers to settle their respective proportions promptly as will enable them to qualify for continued participation on the account at renewal and also enhance obtaining other businesses from the insured.

CLAIMS HANDLING

The aim of insuring is for you to recoup financial loses sustained as a result of the occurrence of insured contingencies. Policyholders often complain of non settlement of claims by insurers which defeats the main object of insurance. It is our duty to ensure that claims are treated and settled promptly and we shall advise you on all that is required to effectively achieve this goal.