General Third Party Public Liability

General Third-Party Liability Insurance is primarily designed for companies and businesses, providing essential protection against liabilities arising directly from their commercial activities. This coverage safeguards the insured against claims made by third parties for bodily injury, property damage, or other losses caused by the company's operations, helping to ensure financial stability and legal compliance.

The Nigerian Insurance Industry Reform Act (NIIRA) 2025 now mandates compulsory insurance for petrol/gas stations and other high-risk sectors against fire and explosion liabilities, and strengthening compulsory public building insurance to cover public liability for injury and property damage to third parties.

• Owners of goods transported in commercial vehicles are vicariously liable for third-party liabilities, and this coverage is now ensured under the new Act. Public Liability Insurance

• The NIIRA 2025 strengthens provisions for compulsory public building insurance. This coverage includes protection for the legal liabilities of building owners and occupiers in cases of injury, death, or property damage to the public or third parties.