Insurance Services

 Home / Our Services / Insurance Services

Insurance Services

  • Motor InsuranceOpen or Close

    Motor Insurance is compulsory for all vehicle owners. The motor Comprehensive Insurance policy protects the insured against loss or damage to the vehicle as a result of accident, fire, theft, and legal liability to third parties including passengers and medical expenses for injury to the occupant of the car.
    We presently offer two types of Motor Comprehensive Insurance cover namely.


    Basic Motor Comprehensive Policy (Third Party)
    This offers the conventional cover provided in the market and covers accidental damage or loss to the insured vehicle due to accident, fire, theft and legal liability to third parties.

    Enhanced Comprehensive Policy
    Under this policy your vehicle shall be adequately protected against accidental damage or loss as follows:
    30 days guarantee on claims payment from date of notification and
    48 hours of final settlement once the discharge voucher is returned.
    Superior and Stress-free Claims management
    .

  • Fire and Allied Perils InsuranceOpen or Close

    The devastating effect which, a fire can have on a company’s assets such as its building, plants, machinery and equipment etc., calls for Comprehensive Fire Insurance. This policy provides indemnity against loss or material damage to properties occasioned by fire.

    The rate of premium charged is in direct proportion to the risk and value of assets. The object fire insurance is to reinstate or replace property damaged or destroyed; or to compensate the insured for such a loss.

    This ensures that, immediately after a loss, the organization is placed in the same financial. position it occupied before the loss. As a professional Insurance service provider, we ensure that you obtain the best available cover at the most competitive premium.

  • Consequential Loss Insurance (Business Interruption)Open or Close

    Fire and Allied perils as mentioned earlier compensate for material damage only. In other words, the insurers restore the property destroyed to their pre-fire condition. However, the insured has lost in other ways if such property was used for business purposes.

    The business interruption policy compensates for loss of income so that payroll and other ongoing business expenses can be met. The reasonable additional cost of working incurred in minimizing the loss of income is included in the cover.

  • Machinery Breakdown InsuranceOpen or Close

    Broadly speaking, this form of cover applies to any form of machinery or plant subject to mechanical or electrical stress. Engine turbine, generators, alternators, electric motors, transformer, switchgears and other power units fall within the ambit of this cover. Other units such as crane compressors and pump may also be insured.

    The insurance is against sudden and unforeseen damage to the machinery from such causes as faulty materials construction or erection, vibration, maladjustment, misalignment, defective lubrication, loosening of parts, abnormal stress, fatigue, self-heating, centrifugal force, and excessive electrical pressure. The sums insured must represent the current replacement values of the insured items including installation costs and customs duty.

  • Goods in TransitOpen or Close

    This form of cover applies to those who want to move goods from one location to another. This insurance covers the goods that are being transported if anything such as an accident or theft occurs.

  • Workers LiabilityOpen or Close

    This insurance is done by organisations with 5 workers or more. The company takes the cover for their staff in case of any injury or death. The rate charged by the insurance company is dependent on the discipline of the staffs. For example, Workers on the field are charged more when compared to the workers on that remain in the office.

  • Vehicle Personal Security ServicesOpen or Close

    No Content

  • Householder InsuranceOpen or Close

    This type of cover is done for the household properties of a client.
    For example a client can decide to insure his Television set, Ornaments etc.

  • Group Personal Accident Open or Close

    This form of insurance is compulsory. This is when a company insures every individual working with them. This is mostly done companies but an individual can decide to get this cover as it covers any injury sustained while at work or at home.

  • Marine Insurance Open or Close

    This type of insurance covers goods that are being transported by Ship.
    There are two categories of this type of insurance, they are;

    Marine Cargo: This covers the goods that are being transported from one point to another.
    Marine Hull: This covers the ship transporting the goods.

  • Building under Construction Open or Close

    This is a cover for equipment and workers at a construction site. This is done in case an injury is sustained or the machine becomes faulty.

  • Occupiers Liability Insurance Open or Close

    This is a type of insurance that all owners or occupiers of public buildings, whether private or public, are required to provide. This type of insurance is compulsory as it covers the occupiers of buildings.

  • Bonds Open or Close

    This is a type of insurance policy that a bond issuer purchases that guarantees the repayment of the principal and all associated interest payments to the contractor in the event of default. This insurance policy has several types, which are:

    Performance Bond: This type of bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. For example, a contractor may issue a bond to a client for whom a building is being constructed. If the contractor fails to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary loss.

    Advance Payment Bond: This is a type of bond that issued to a customer making an advance payment for a purchase or contract, which ensures a refund if the other party to the transaction is unable to fulfil the terms of the agreement.

    Credit Bond: This involves a contractor getting a facility from the bank or finance home but needs a cover from an insurance company in case of default

    Bid Bond: This is issued as part of a supply bidding process by the contractor to the project owner, to in hopes guarantee that the winning bidder will undertake the contract under the terms at which they bid. Supply Bond: This is a type of bond that guarantees that the supplier will provide all the contractually obligated supplies and materials.

    Customs Bond: This type of Bond is for clearing agents. They get this bond as a license to run their agency.

  • Company Profile

    RyteGate Technologies Limited

  • What We Do

    We help business solve problems by providing an extensive...

  • How We Work

    We use our network, experience, industry knowledge and business...

  • Who We Are

    RyteGate has more than 300 partners and staff worldwide.

  • What We Value

    To succeed, we must grow and develop both as individuals and as a business.

  • Ethics and Business Conduct

    RyteGate is one of the world's pre-eminent professional services..