By Yemisi Izuora-Lagos
The FCMB Limited has entered into partnership with Cornerstone Insurance Plc to offer a maximum of N1million insurance coverage to its commercial customers.
The product, which was launched in Lagos is accessible to traders and merchants with business and personal accounts in an event of fire and flood.
Speaking on the benefits of the product, Executive Director at FCMB Mr. Olufemi Bakre said: “As a bank, this is one of our products we are showcasing when you talk about customer focus. This particular product is expected to take care of traders and merchants because when trading, there are some unexpected hazards which include fire and flood.
He also said “We have considered the concern of our customers and we decided to offer them with a reliable and dependable ally Cornerstone insurance to provide insurance cover for any such hazards that may happen to any of our customers.”
According to him, the bank would insure to the limit of N1 million but in cases where the goods exceed that value they would link customers to the insurer to cover the excess.