Protectyourbusinessvehicles
NEMCorporateMotorInsuranceprovidesprotectionagainstaccidents,theft,fire,andthird-partyliabilitiesthatcandisruptyouroperationsandimpactyourbottomline-whetheryouoperateafleetofdeliveryvans,commercialtrucks,executivevehicles,staffbuses,orspecialisedbusinessvehicles.
KeepYourBusinessMoving
Your vehicles are more than assets, they are critical to your daily operations. When a company vehicle is involved in an accident, stolen, or damaged, the consequences often extend beyond repair costs. Missed deliveries, project delays, customer dissatisfaction, and unexpected expenses can all affect business performance.
NEM Corporate Motor Insurance helps businesses minimise these risks by providing dependable cover backed by responsive claims support and decades of underwriting expertise.
Everybusinesshasdifferentoperationalneedsandriskexposures.
NEMInsuranceoffersarangeofmotorinsuranceoptionstohelporganisationsselectthelevelofprotectionthatbestsuitstheirrequirements.
Third-Party Motor Insurance
This is the minimum level of cover required by law for vehicles operating on Nigerian roads.
It provides protection for:
Third-party property damage
Bodily injury to third parties
Death of third parties arising from the use of the insured vehicle
Third-Party, Fire and Theft Insurance
This option provides broader protection than standard third-party cover.
In addition to third-party liability protection, it also covers:
Fire damage to the insured vehicle
Attempted theft
Theft of the insured vehicle
Comprehensive Motor Insurance
Our most extensive level of protection.
Comprehensive Motor Insurance covers:
Accidental damage
Fire
Theft
Vandalism
Malicious damage
Riot and civil commotion
Third-party liabilities
CorporateMotorInsuranceissuitablefororganisationsincluding:
Logistics and transportation companies
Manufacturing businesses
Construction and engineering firms
Oil and gas operators
Logistics and transportation companies
Manufacturing businesses
Construction and engineering firms
Oil and gas operators
WhatDoesMotorInsuranceCover
Dependingonthelevelofcoverselected,yourCorporateMotorInsurancepolicyprovidesprotectionagainst:
Accidental damage
Theft and attempted theft
Fire damage
Third-party property damage
Third-party bodily injury or death
Vandalism and malicious damage
Why Businesses Choose NEM Insurance
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Frequently asked questions
Yes. At a minimum, every vehicle operating on Nigerian roads must have valid Third-Party Motor Insurance as required by law.
Yes. Businesses can arrange cover for multiple vehicles under a fleet insurance programme designed to simplify administration and policy management.
Corporate Motor Insurance can cover company cars, commercial vehicles, trucks, vans, staff buses, motorcycles, and other business-use vehicles.
Simply notify NEM Insurance as soon as possible after an incident and provide the required documentation. Our claims team will guide you through the claims process.
Yes. Businesses can upgrade their cover subject to underwriting requirements and policy terms.