Robust Nigeria insurance should be high on your agenda if you intend to do business here. The political and security situation is often tense and can deteriorate quickly, and there is a high risk of kidnapping, piracy and terrorist attack in many areas. Oil and gas workers are particularly vulnerable and should have appropriate insurance for high-risk occupations.
Nigeria insurance – quick facts
- Visiting Nigeria can be a potentially dangerous prospect, particularly if your business takes you into or near the Niger Delta or northern areas of civil unrest
- International health insurance in Nigeria is essential, along with cover for emergency evacuation
- Oil workers and foreign nationals have also been a favoured target of kidnappers – consider kidnap and ransom insurance
- Off the coast, piracy has been plaguing shipping and oil rigs
Get the right insurance for Nigeria
- Specialist Nigeria insurance – cover can include terrorism and kidnap provision, liability cover and protection for personnel, property, shipping, crews and cargoes
- We can cover your liabilities, your assets and your people and help you to understand and meet contractual and local insurance obligations
- With terrorism and civil unrest on the rise, with Boko Haram choosing public targets at random, high-risk Nigeria insurance is essential for visitors and expats
- We can cover you and your family for medical emergencies, evacuation, kidnap and ransom and other specialist insurance needs
Potential dangers in Nigeria
Over recent years, Africa’s most populous country has seen an increasingly violent rise in the tensions between its many ethnicities and faiths. Consequently visiting Nigeria can be a potentially dangerous prospect, particularly if your business takes you into or near the Niger Delta – the focus for a lot of western-managed oil and gas activity. Oil workers and foreign nationals have been a favoured target of kidnappers, and visitors might be wise to include cover for such an event.
Boko Haram regularly mounts attacks in northern Nigeria. The majority of attacks occur in the north east, particularly in Borno and Yobe states where Boko Haram’s operating base is. There has, however, been a significant number of attacks in other Nigerian states and further attacks could occur anywhere.
Off the coast, piracy has been plaguing shipping and oil rigs. The areas bordering Cameroon are another sensitive flashpoint for violence; political and civil unrest can break out at short notice in many places across the country. Keep up to date with news from the FCO and be aware that standard insurance policies may be invalid in high risk areas or for high risk occupations.
International health insurance in Nigeria is essential, along with cover for emergency evacuation by air ambulance in the event of serious injury or illness. Nigeria is also a country afflicted with a high incidence of malaria and waterborne disease including cholera. It’s also one of the few countries left to suffer with polio so make sure you include this vaccination along with others prior to travelling.
The incidence of violent crime, such as mugging, kidnapping and carjacking has increased a lot in recent years, especially in Lagos. Be vigilant, avoid travelling alone or at night, and don’t carry valuables. Make sure your Nigeria insurance has sufficient cover for your personal possessions.
At Bellwood Prestbury we have the skill and experience to organise Nigeria insurance to cover individuals, companies and company assets, even in high-risk occupations or high-risk areas.
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Latest Foreign & Commonwealth Office advice
The FCO advises against all travel to certain regions and all but essential travel to many others. There is a high threat from terrorism. You should avoid public places where crowds gather including religious gatherings and insecure public spaces like markets and transport hubs. A heavy security presence often indicates areas of particularly high risk.