▬ About FABIB▬
We Are First Adequate Benefits Insurance Brokers Ltd
Incorporated as a private limited Liability Company with RC No. 691504 as an insurance Broker to transact all classes of Insurance Business, which include life and Non-Life Insurance Business.
Quality service delivery – meeting client’s needs and expectations
Cost effective solutions, backed by technical in-depth knowledge of the insurance industry.
Dedicated, experienced and dynamic team of personnel with special focus on inter-personal and inter-corporate relationship.
Years of experience in insurance market
We provide cost-effective insurance advice and solutions to small-to-Large scale businesses across Nigeria.
We are dedicated to helping you protect your operations and assets through considered advice and the ability to leverage our scale with leading insurers and underwriting agencies.
▬ What sets us apart ▬
Our people, our strength, our local knowledge, our scale and our breadth of capability are just some of the things that set us apart.
Our Simplified Process
Understand your needs, your industry and your risks
Negotiate on your behalf to provide the best policies and terms available
Deliver quality and cost-effective service unique to your business situation
Act on your behalf to get claims paid quickly with your full entitlements
Available to you and your business at all times
First Adequate Brokers help you save your time, money and worry
Why Use A Broker?
We have the experience and special knowledge to help you find cover that’s the right fit for your needs.
Most importantly, FIRST ADEQUATE WORKS FOR YOU; not that insurance company, so you can feel confident we have your best interests at heart.
Oil & Gas
YOUR QUESTIONS, ANSWERED HERE!
The best way to understand the insurance cover that you require is to talk directly. Find some frequently asked questions(FAQ’s)
An insurance broker will help you identify the risks you are exposed to. The broker will advise you on what insurance products are available for these risks and, at your request, source the insurance covers that suit your needs from any number of local or foreign insurers. The broker will discuss the various options with you and help you select the best option and when agreed place the cover with the chosen insurer and arrange the documentation. The broker will also help you with general insurance advice and look after any amendments to the policies that may be required. In the event of a claim, the broker will assist you in the submission of the claim and will liaise between you and the insurer to bring the claim to a successful resolution.
In both business and private matters it is important that you have the right insurance cover. Wrong or inadequate protection can lead to dreadful consequences, thus the right advice makes all the difference and prevents costly mistakes. An insurance broker is a specialist in insurance protection, is independent and has invaluable know-how of the insurance market as well as access to the most reputable insurers available to provide professional and objective advice on identifying and exposing risks and recommend the most cost effective solutions.
An insurance broker offers a range of services from arranging new covers, insurance quotes, renewals and assists on claims; covering all classes of insurance business be it Personal Lines to Commercial Lines, Marine or Aviation. The broker forms an ongoing relationship with you to acquire all the knowledge required to provide a better service to you.
Brokers give advice and assist you in compiling and submitting your claim to the insurer. They arrange for a claim form to be completed by you, monitor the claim process and liaise between you and the insurer to bring it to a successful resolution.
National Insurance Commission(NAICOM). You can confirm our validity from the commission website by clicking this link
When insurers calculate their premium rating, this also includes a standard distribution cost. Essentially, this means that whether you use an insurance broker or go directly to the insurer, the price will generally be the same. You should keep in mind that the cheapest price may not always reflect good value. Using an insurance broker may not cost you more and, as far as possible, the broker will help you prevent uninsured losses.
Navigating the complexities of your business, property and personal insurance takes the expertise of a qualified professional. Don’t risk leaving yourself underinsured.
We are qualified insurance experts, who can partner with you every step of the way.