Industrial Cover — Property Protection

Fire & Allied Perils

Comprehensive protection for your buildings, stock, plant, machinery, and fixtures against fire, lightning, storm, flood, earthquake, and impact damage — safeguarding everything you've built.

Fire & Lightning Storm & Flood Earthquake Impact Damage
10+Covered Perils
BuildingsStructure Cover
ContentsStock & Plant
NAICOMLicensed — LIC 040
Fire & Special Perils

Your Property.
Fully Protected.

Fire and Special Perils Insurance protects property and assets from fire and a range of specified risks — giving property owners, businesses and institutions the confidence that their most valuable physical assets are fully covered.

Whether it is a commercial building, an industrial warehouse, or stock in trade — Prestige Assurance backs your property with extensive treaty support and swift claims settlement.

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What We Cover

Risks Covered Under
This Policy

The policy provides protection against fire and a comprehensive range of specified allied perils, giving you complete peace of mind for your property and assets.

Fire

Direct physical loss or damage caused by fire, including accidental ignition and spread of flames to insured property.

Lightning

Loss or damage directly caused by a lightning strike to the insured property or its contents.

Limited Explosion

Covers explosion of domestic boilers and gas used for domestic purposes within the insured premises.

Storm & Tempest

Physical damage caused by violent winds, storms, or cyclones, including roof damage and structural harm.

Flood

Damage arising from flooding, overflow of natural water bodies, or accumulation of rainwater on the premises.

Earthquake

Physical damage caused by seismic activity, earth tremors, or ground movement affecting the insured property.

Impact Damage

Covers loss caused by physical impact from road vehicles, aircraft, or falling trees on the insured property.

Burst Pipes

Damage resulting from the bursting, overflowing, or leaking of water tanks, pipes, and associated apparatus.

Malicious Damage

Loss or damage caused by willful acts of malicious parties, available as an extension to the standard cover.

Protected Properties

What Can Be Insured

Our policy can be tailored to cover the following categories of property against fire and all specified allied perils.

  • Building Commercial, industrial, and residential structures including permanent fixtures attached to the building.
  • Stock Raw materials, finished goods, merchandise, and goods held in trust on the insured premises.
  • Plant & Machinery Industrial equipment, production machinery, and plant assets essential to business operations.
  • Fixtures & Fittings Fitted furniture, installed equipment, electrical fittings, and internal structural fittings.
  • Debris Removal Costs of removing debris and demolishing damaged structures following an insured loss event.
Why Prestige

The Prestige Advantage

over 74 years of trusted insurance expertise, backed by world-class reinsurance capacity and a commitment to swift, fair claims settlement.

World-Class Reinsurance

Every fire policy is backed by our extensive network of local and international reinsurers — ensuring capacity for even the largest risks.

Swift Claims Settlement

Our dedicated claims team acts promptly, minimising business disruption and getting your recovery underway as quickly as possible.

Flexible & Tailored Cover

Policies are customised to your specific property type, business sector, and risk profile — no one-size-fits-all approach.

NAICOM Licensed

Fully authorised by the National Insurance Commission (NAICOM) — your policy is backed by a regulated insurer with a 74-year track record.

Nationwide Reach

With branch offices across Nigeria, we are always close to our clients — for policy issuance, risk surveys, and claims inspection.

Dedicated Risk Advisors

Our experienced underwriters and risk advisors work with you to identify exposure, recommend the right coverage, and review annually.

Get Protected Today

Don't Wait for the
Unexpected to Strike

Fire and special perils can strike without warning. Protect your property, your business, and your livelihood with a Prestige Fire & Special Perils policy today.