The Coalition of Associations in Computer Village, has implored business owners to leverage insurance to secure their wares, properties and desist from
The president of the group, Timi David said this during a courtesy visit by members of Insurance and Pension Editors of Nigeria to the association in Ikeja, Lagos, stating that, insurance remains the best tool to mitigate risks.
He noted that, often times what those who rely on government for support get are not enough to recover their loss, adding that, it is only insurance that can restore an individual to the position he or she was before a loss occured. While commending the response time of insurers to claims payment, he said, the association bus had accident last year after it was comprehensively insured and got claims within a short time of filling for it, urging them to keep this up.
He also narrated how a member of the association whose office was bungled and sets of computers stolen, was indemnified by his insurance company, stressing that, the claims received by the member helped kept his business afloat. He urged businessmen and women, traders among others to insure their shops and offices through theft and burglary insurance and so on, stating that, this risk mitigation mechanism would ensure that goods in the shops and offices are protected and that the insured suffer no financial loss when disaster struck.
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