Our Services

Our goal is to strategically position our clients at the top of the insurance field 

ICON, through its product BIMA, aims at placing its insurance companies, brokers, agencies, reinsurers, and all other insurers and intermediaries at the forefront through advancing their insurance agenda.

Lines of Business We Support

General Insurance

Encompasses insurance against all claims, damages, and losses that arise from the use, ownership, and maintenance of aircrafts, airports and hangars. Some of the damages covered include, damages to aircraft and property, and personal injury.
This policy covers the provision of an economic safeguard to the risks that are faced by project construction that are currently ongoing, installation of projects, or machinery and equipment operated during projects. This policy encompasses:

  • Contractor All Risks (CAR)
  • Plant All Risk
  • Erection All Risks (EAR)
  • Machinery Breakdown
  • Electronic Equipment
  • Boiler & Pressure Vessels
  • L.O.P Following Machinery Breakdown
  • Deterioration of Stock
  • Covers damages to insured property that is caused by perils like fire, lightning, explosions, riots, strikes, and earthquakes or special perils that have a less likelihood but possibility of occurring like floods, rains, aircrafts falling, hurricanes l, cyclones, or tornadoes. It encompasses:

  • M-Domestic Package
  • Domestic Contents

  • Fire Industrial
  • Consequensial Loss Following fire
  • Asset All Risk/Business Combined/Industrial All Risks
  • Political Violence And Terrorism
  • Office Contents
  • Accidental Damage
  • Public Liability policy offers covers against claims of property damage or personal injury which a third party claims to have suffered due to your business activities.
    It encompasses:

  • Products Liability
  • Professional Liability
  • Public Liability
  • Directors & Officers Liability
  • Marine Insurance covers loss, disasters,or damages caused to cargo, terminals, ships, and any kind of transport whereby property is acquired ,transferred, or held between origin points and the final destination. It encompasses:
  • Marine Hull
  • Marine Cargo
  • Goods in Transit
  • Marine Open Cover
  • Carriers Legal Liability
  • This policy offers protection against loss or damage by accident to motor vehicles including any standard accessories and spare parts in addition to the legal liability whereby the policyholder will be legally liable to pay as damage for damage to property or accidental bodily injury of a 3 party. It encompasses:

  • Motor Private Comprehensive
  • Motor Private Third Party
  • Motor Cycle Comprehensive
  • Motor Cycle Third Party
  • Master Binder Private
  • Binder Certificate
  • Motor Commercial insurance policy is merely a collective name for all the different types of policies for different vehicles used by businesses commercially including taxis, trucks, and HGVs. It encompasses:

  • Motor Commercial Comprehensive
  • Motor Commercial Third Party
  • Motor Internal Trade
  • Private Hire
  • PSV
  • General Cartage
  • Special Types
  • Driving School
  • Industrial Vehicles
  • Personal Accident Insurance covers your such that if you are not able to work temporarily after an accident, it replaces your income. It is more or less like income protection but only covers accidental injuries but not ailments or other injuries. It encompasses:

  • Personal Accident
  • Group Personal Accident
  • Travel
  • Theft insurance is exactly as it sounds. It offers indemnity against loss or damage of property that is insured that results from theft followed by visible, forced, violent entry into or out of insured premises. It encompasses:

  • Money
  • Fidelity Guarantee
  • Burglary
  • All Risks
  • Workmen’s Compensation Insurance covers medical costs, often a percentage of the wages that are lost in the case that an employee is unfit to work due to illness, or an injury acquired while working. The insurance policy encompasses the Employer’s Liability policy.
    Miscellaneous Insurance refers to those contracts of insurance other than those of Life Insurance, Marine, and Fire. It encompasses:

  • Consumer Protection Policy
  • Legal Expenses
  • Plate Glass
  • Pedal Cycle
  • Sportsmans Policy
  • Umbrella Policy
  • Construction Bonds
  • Custom Bonds
  • Excess Protection
  • Agribusiness Insurance is a cover designed to protect businessmen who earn all if not most of their revenue from agriculture. Businesses that use this insurance typically utilizes technology that is advanced and play a crucial role in processing, packaging, and product distribution. It encompasses:

  • Multi Peril Crop Insurance
  • Fire and Lightning
  • Tobacco
  • Poultry
  • Farmer's OneStop
  • Liverstock Insurance
  • Weather Index
  • Game
  • FISIP Weather Index
  • Livestock Index
  • Lines of Business We Support

    Life Insurance

    The term life insurance does not last a lifetime, only a set number of years, then it comes to an end. It is more like a short-term contract where the insured chooses common terms like 20 or 30 years. What’s most important about this type of policy is that it balances affordability with long-term financial strength. This type of insurance is categorized into 3:

  • Decreasing Term Life Insurance
    This term insurance is one that is renewable and has a coverage that keeps decreasing over the life of the policy at a rate that is predetermined.

  • Convertible Term Life Insurance
    In cases where a policyholder has selected an insurance policy but is still unsure or changes their mind along the way, this insurance best suits them because it gives them the leeway to convert a term policy into a permanent insurance.

  • Renewable Term Life Insurance
    This term life policy is renewable and provides a quote for the year that the policy is purchased. As the years progress, the premiums of the life policy increase annually. It is by far the least expensive term life insurance policy in the beginning
  • Permanent Life Insurance covers the entire life of the policyholder unless they stop paying the premiums or they decide to surrender the policy. This insurance is by far the most expensive when compared to Term insurance. It also has numerous categories including:

  • Whole Life Insurance
    Whole Life Insurance is a type of Permanent Insurance that has an accumulative cash value. A life insurance policy that is of cash value give the placeholder an opportunity to use the money as they will for instance as a source of loan or as cash, and to pay for their policy premiums.

  • Universal Life Insurance
    This is a type of permanent life insurance with an aspect of cash value that earns interest and this insurance features premiums that are flexible. The premiums of this insurance and not anything like term and whole life insurance as they are adjustable after some time and can also be designed with an increasing or level death benefit.
  • The Indexed Universal Insurance allows the policyholder to earn on the cash value aspect, a rate of return that is fixed or equity-indexed.
    The Variable Universal insurance allows the policyholder an opportunity to invest the cash value of this policy in any separate account that is available. Like the Universal Life insurance, it also has flexible premiums and it can be designed with an increasing or level death benefit.