Nigeria Insurance – specialist cover for energy companies and contractors in the Niger Delta.
29 July 2014
While the international spotlight has been focussed on the atrocities of Boko Haram in Nigeria’s north-east, foreign nationals in the oil rich Niger Delta will know that working in this region is not without risk.
FCO advice against all but essential travel
Indeed current Foreign and Commonwealth Office (FCO) advice is against all but essential travel to most inland parts of the Niger Delta and against all travel to its coast and the port city of Warri.
The region’s oil industry has long been plagued by oil theft, sabotage and the kidnapping of employees. Now piracy is also on the rise off the Nigerian coast, with oil industry vessels being a particular target.
With this in mind, anyone planning to travel or work in this region should have specialist high-risk Nigeria insurance in place, since standard travel policies are unlikely to provide the level or depth of cover needed.
Comprehensive cover for oil companies and individuals
Bellwood Prestbury provide a wide range of specialist insurance cover to oil companies and individual contractors and consultants working in the Niger Delta and offshore West Africa. Whether you need cover for yourself, your people, your projects or your assets, we can put together a policy tailored to your needs.
For individuals and employees, cover should include comprehensive medical, life and personal accident insurance with provision for medical emergency evacuation and repatriation. Kidnap and ransom insurance may also be strongly advised, as would cover for acts of terrorism.
For companies operating in the Niger Delta region we can provide competitive international asset insurance to cover cargoes, plant and machinery and vehicles. We also provide a full scope of international liability insurance.
Are you paying too much?
Many oil companies inadvertently overpay for cover because they don't have the experience or time to fully analyse the type, scope and level of benefits on offer. As a Lloyds’ Coverholder and independent global expert we can help to assess your current cover and advise if there are more competitive solutions with better benefits for employees. Just get in touch and we’ll be happy to help.