The rest increase in the number of fire incidents seen across Nigeria has got businesses and individuals thinking about how to protect themselves against such devastating incidents. In the month of January 2015 in Lagos alone, there were two major market fires and a number of house fires all resulting in loss of lives and property estimated at billions of Naira. On January 12th of this year, traders and other business owners at the popular Balogun Market in Lagos Island watched in shock as their goods and properties were destroyed by an early morning inferno.
The director of Lagos State Fire Service, Mr Rasak Fadipe, said the service responded to 685 fire incidents out of 922 emergency calls received between January and June 2014, even as three major fire incidents occurred in Lagos and Anambra states.
Despite these disasters analysts are optimistic that such incidents will not crumble businesses and effect the industry if the correct precautions and safety measures are put in place. But, poor insurance culture in the country is beginning to take its toll as cold dry winds cause fire outbreaks, increasing the number of occurrences, especially during the harmattan season.
Protect your stock and livelihood with commercial insurance
When the Lagos State Governor, Mr. Babatunde Fashola visited and commiserated with victims of the Balogun Market fire disaster in Central Lagos recently his message was to the traders was clear. He urged them to embrace the practice of insuring their investments and properties against such unforeseen incidents.
Mr. Fashola, stressed the value of insurance in business and daily life, apart from taking simple safety measures like not storing inflammable materials in business premises and in homes, it was also important that the citizens of Nigeria embraced the practice of insuring and protecting their goods and properties against unforeseen disasters.
AXA Mansard Fire and other Perils Insurance
AXA Mansard Insurance are very proud to be offer insurance packages to businesses of all size, to help protect their stock against fire and other perils. See AXA Mansard’s Fire and Other Perils Insurance. This particular policy insures your company against loss or damage to property as a direct result of fire outbreak, lightning or explosion. The policy also contains various other extensions that are granted at minimal extra cost to the policyholder.