Industrial and General Insurance Company Protecting Your Business

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Photo Of An Industrial Factory Emitting Smoke
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Industrial and General Insurance Company has been a trusted partner for businesses in need of protection. They offer a range of insurance products designed to safeguard your business from unforeseen risks.

Their business insurance policies can be tailored to suit the specific needs of your company, providing coverage for property damage, liability, and other business-related risks. This flexibility allows you to choose the level of protection that best suits your business.

By partnering with Industrial and General Insurance Company, you can enjoy peace of mind knowing that your business is protected against potential losses. Their experienced team is dedicated to providing expert advice and guidance to help you make informed insurance decisions.

Company Overview

The Industrial and General Insurance Company has been in operation since 1901, making it a seasoned player in the insurance industry.

With over a century of experience, the company has established a strong presence in various markets, including the Middle East and North Africa.

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The company's headquarters is located in Dubai, a strategic hub for business and trade in the region.

As of 2020, the company had a total asset value of $1.3 billion, a testament to its financial stability and growth.

Industrial and General Insurance Company offers a range of insurance products, including property, casualty, and marine insurance, catering to the diverse needs of its customers.

The company has a large network of agents and brokers across the region, providing customers with convenient access to its services.

Products and Services

Industrial and General Insurance Company offers a wide range of products and services to cater to various needs. Their individual life insurance products are designed to provide financial security to individuals and their families.

They also provide group life insurance products, which are tailored to meet the needs of businesses and organizations. Aviation insurance is another key area of focus for IGI.

Engineering insurance is available to protect companies involved in the engineering sector. General business insurance is also offered to cover various business risks.

Global health insurance plans are designed for individuals and families who need medical coverage while traveling abroad. Marine insurance is provided to protect against losses at sea.

IGI's oil and energy insurance services help companies in this sector manage risks and uncertainties.

Market Focus

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Industrial and General Insurance Company has a strong market presence in several countries, including Egypt and the Middle East.

The company has a significant market share in these regions, with a presence in over 15 countries.

Industrial and General Insurance Company offers a wide range of insurance products, including motor, health, and property insurance.

Their motor insurance product is particularly popular, with a large number of policies sold annually.

The company's insurance products cater to various segments, including individuals, businesses, and governments.

Industrial and General Insurance Company has a robust distribution network, with a large number of agents and brokers across its operating countries.

Their agents and brokers are well-trained to provide excellent customer service and support.

Protection and Coverage

Industrial and General Insurance Company offers comprehensive protection and coverage options to its clients. Their policies are designed to safeguard businesses and individuals from unforeseen events.

The company's general liability insurance provides coverage for damages to third parties, including bodily injury and property damage. This policy is a must-have for businesses that interact with the public.

Their commercial insurance policies also include business interruption coverage, which helps companies recover from losses due to unexpected events. This coverage ensures that businesses can continue to operate and meet their financial obligations.

Property Protection from Hanover

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If you're a business owner in a high-hazard industry, you know how crucial property protection is. Hanover Specialty Industrial Property offers a wide range of insurance solutions to help manage complex risks.

Their coverage options include protection for businesses that manufacture, warehouse, transport, blend, or distribute high-hazard materials. This includes industries like adhesives, aerosols, and auto parts.

Hanover's insurance solutions can help mitigate risks associated with fires, explosions, and hazardous environmental spills. This is especially important for businesses with known sprinkler deficiencies or unique risk characteristics.

Some of the specific industries that Hanover provides coverage for include:

  • Adhesives
  • Aerosols
  • Auto parts
  • Battery manufacturing
  • Boat manufacturing
  • Chemicals
  • Coatings
  • Corrugated box manufacturing
  • Cosmetics
  • Cutting
  • Distilleries
  • Electroplating
  • Equipment/assembly
  • Explosives
  • Fertilizer manufacturing
  • Fiberglass
  • Firearms
  • Fireworks storage
  • Food additives
  • Food processing — spray drying
  • Furniture manufacturing
  • Heat treating
  • Janitorial supplies
  • Labs
  • Laminating
  • Lubricants
  • Machine shops
  • Matches
  • Mattress manufacturing
  • Ordnance/munitions
  • Paper products
  • Pesticides
  • Pharmaceuticals/nutraceuticals manufacturing
  • Plastic manufacturing — all types
  • Printing
  • Resins
  • Rubber manufacturing — all types
  • Shoe manufacturing
  • Solvents
  • Sporting goods manufacturing
  • Synthetic oil packaging
  • Textiles — standard and impregnated
  • Tire distribution and re-capping — various
  • Volatile metals manufacturing and processing — titanium, nickel, etc.
  • Warehousing
  • Wood products

Workers' Compensation

Workers' compensation is a must-have for businesses in almost every state, but requirements for coverage can vary.

In almost every state, businesses are required to carry workers' compensation insurance, which means you'll need to get coverage for your employees.

This type of insurance helps protect your business in case an employee gets injured on the job, and it's usually mandated by law.

Businesses are responsible for carrying workers' compensation insurance, not the employees themselves, so make sure to take care of this important detail.

Insurance Solutions

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Industrial and General Insurance Company offers a wide range of insurance solutions to help businesses manage their complex risks.

Their Property protection program provides specialized insurance solutions for high-hazard businesses with known sprinkler deficiencies or unique risk characteristics.

Businesses that manufacture, warehouse, transport, blend, or distribute high-hazard materials face serious risks from fires, explosions, and hazardous environmental spills.

Hanover Specialty Industrial Property offers a wide array of specialized insurance solutions to help manage these risks.

Here are some of the industries that benefit from Hanover's specialized insurance solutions:

  • Adhesives
  • Aerosols
  • Auto parts
  • Battery manufacturing
  • Boat manufacturing
  • Building owner — lessors risk
  • Cabinet manufacturing
  • Candle manufacturing
  • Chemicals
  • Coatings
  • Composites
  • Corrugated box manufacturing
  • Cosmetics
  • Cutting
  • Distilleries
  • Electroplating
  • Equipment/assembly
  • Explosives
  • Fertilizer manufacturing
  • Fiberglass
  • Firearms
  • Fireworks storage
  • Foam and foam rubber
  • Food additives
  • Food processing — spray drying
  • Furniture manufacturing
  • Heat treating
  • Janitorial supplies
  • Labs
  • Laminating
  • Lubricants
  • Machine shops
  • Matches
  • Mattress manufacturing
  • Ordnance/munitions
  • Paper products
  • Pesticides
  • Pharmaceuticals/nutraceuticals manufacturing
  • Plastic manufacturing — all types
  • Printing
  • Resins
  • Rubber manufacturing — all types
  • Shoe manufacturing
  • Solvents
  • Sporting goods manufacturing
  • Synthetic oil packaging
  • Textiles — standard and impregnated
  • Tire distribution and re-capping — various
  • Volatile metals manufacturing and processing — titanium, nickel, etc.
  • Warehousing
  • Wood products

Claims and Support

At Industrial and General Insurance Company, we understand that unexpected events can happen at any time. Our industry-leading claim services are designed to help you get back to business quickly.

You'll have access to 24/7 reporting, so you can report a claim at a time that's convenient for you.

Frequently Asked Questions

Who is the founder of IGI insurance?

The founder of IGI insurance is Mr. Remi Olowude, a renowned insurance professional who revolutionized the industry in Nigeria.

What is the rating of IGI reinsurance?

IGI Reinsurance has strong financial ratings from S&P Global Ratings ("A-") and AM Best ("A"), indicating excellent financial stability. Learn more about our financial strength and reputation.

Which company is IGI?

IGI is an insurance company based in Nigeria, providing insurance and risk management services in West Africa. It operates globally with subsidiaries and offices in various countries, including Ghana, the Gambia, Rwanda, Uganda, London, and Washington, DC.

Bertha Hoeger

Junior Writer

Bertha Hoeger is a versatile writer with a keen interest in financial institutions and community development. Her work primarily focuses on banking and microfinance sectors, providing insightful analyses of various Indian financial entities and organizations. She has covered a range of topics, from banks based in Maharashtra and those established in 2019 to private sector banks and microfinance companies.

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