Workers Compensation

Provides for payment of compensation as required by statute to workers or at common law due to disablement resulting from accidents occurring or industrial diseases contracted in the course of and arising out of their employment.

Goods in Transit

Provides cover to suppliers/ buyers/ owner for the loss or damage to goods sold/ bought/ owned whilst in transit, party cover, the cost of claims arising from fire and theft of the vehicle or accessories attaching thereon, and finally the comprehensive cover which covers third party liabilities in addition to damage to the insured vehicle.

Office Combined

Covers insured’s exposure to named perils affecting office contents, office machinery, documents against fire, explosion, flood, storm, riot, strike, malicious damage, impact damage and your liability to third parties.

Group Personal Accident

This covers bodily injury, death, total partial disablement and permanent disablement resulting solely and directly from accident caused by outward violent and visible means which shall directly and independently of any other cause. It also covers medical expenses.

Contractors All Risks

Unforeseen and sudden physical loss or damage, in a manner necessitating repair or replacement. The full value of the contract works at the completion of the construction, inclusive of all materials, wages, freight, customs duties, dues, and materials or items supplied by the principal provided they are stipulated on the schedule and the values are adequate.
Accidental bodily injury to or illness of third parties (whether fatal or not);
Accidental loss of or damage to property belonging to third parties.
Accidental loss or damage to Surrounding Properties.

Marine Insurance

Provides cover for loss or damage to the Insured property whilst in transit between other countries and Malawi and vice versa which are caused by “perils of the sea” (such as bad weather, sinking collision or stranding) and by theft, jettison, piracy and other similar perils. Marine losses fall in four main areas, Hull, Cargo, Freight and Marine Liability.


Covers buildings, plant/ machinery/ accessories, furniture, fixture and fittings, stock-in-process, raw materials, finished goods etc, against loss or damage to fire, explosion, riot, strike, malicious damage, impact damage, flood, storm, tempest, earthquake, landslide, subsidence and other perils as named and described in the NICO General Insurance Company Limited policy wording.

Business All Risks

A wider scope of cover than provided by the standard fire and household/ house owners policies is available to commercial entities/ individuals or on items such as satellite dishes, portable computers, cameras, jewellery, personal effects etc. Cover under this policy insures any loss or damage to insured items unless specifically excluded by policy wording.

Professional Indemnity

This covers liability at law for damages and claimant’s costs and expenses in respect of claims for breach of professional duty made against the Insured by reason of any neglect error or omission on the part of the Insured or any Employee occurring or committed in good faith in connection with Business.

Fire & Allied Perils

This covers accidental loss or damage to property due to fire, lightning, storm, flood, earthquake and other risks upon request.


Covers vehicles at three main different levels apart from the basic “ACT” cover being third party cover which pays for liability to third parties, third party fire and theft which covers in addition to the third party cover, the cost of claims arising from fire and theft of the vehicle or accessories attaching thereon, and finally the comprehensive cover which covers third party liabilities in addition to damage to the insured vehicle.


Covers insured’s buildings and contents exposure to a variety of perils such as fire, explosion, flood, storms, earthquake, riot, strike, malicious damage, theft, impact damage etc.

Machinery Breakdown

Unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection , bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short – circuit, storm whilst machines are in the insured premises.

Engineering Insurance

Provides indemnity to insured after accidental breakdown to machinery and ancillary aspects as explained below:

1. Project Insurance
Provides comprehensive cover for loss or damage to the structures being erected or buildings under construction against accidental losses to the contract works. Construction, plant, equipment and machinery
2. Plant and Machinery Insurance
Provides cover for contractors’ plant and machinery on an “all risks” basis except those losses excluded under the policy.
3. Electronic Equipment Insurance
Provides ‘all risks’ type of cover on accidental loss and /or damage to electronic equipment such as computers, UPS, printers, external date media, equipment for medical use, communication facilities, equipment for research and testing material, increased cost of working etc. Breakdown losses are also covered.