Angry Nigeria’s youth found their voice with a street protest against police brutality and violence- #EndSARS. Agreeably, these youths are under the age of 35 and they make up more than 50% of Nigeria’s population according to statistics.
Among these are the Lekki Toll Gate, and several police stations across the country, local government councils,public transportation buses, BRT, and other meaningful facilities by hoodlums who are said to have hijacked the peaceful protests and created chaos across major cities in Nigeria. Business insurance usually covers and protects businesses from losses due to events that may occur during the normal course of business. For individuals, life insurance is also recommended, which is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies.
So, the essence of this piece is to stress the importance and benefits of having a business insurance policy in place as part of the strategy for the smooth running of business operations. When a company makes losses, the insurance company is there to come to the rescue if an insurance policy is in place.
In practice business insurance shows prospective clients and customers that a business is secured and that can help build trust. Just in case anything goes wrong the respite is that insurance is a way to compensate against any actual loss. How? Because it will encourage the entry of private insurers and more insurance companies, thereby increasing employment opportunities. Eventually, when the insurance landscape evolves in Nigeria, it will further provide a sense of livelihood to those who might otherwise not have an income source right now- graduates, unemployed professionals, retired people, etcbecause they will be able to work as agents and equally earn commissions.