Our Services
Protecting What Matters. Powering What’s Possible.
At Safety Insurance Brokers Ltd, we deliver more than insurance—we deliver peace of mind, resilience, and strategic advantage. From individuals and families to SMEs and large institutions, our solutions are tailored to safeguard what matters most while unlocking the potential for growth and prosperity.…
Read moreInsurance Mall
Your One-Stop Shop for All Your Personal Insurance Needs
The SIBL Insurance Mall is a customer-focused marketplace designed to simplify access to personal insurance. Conveniently located, it brings together top insurance providers under one roof—making it easier for individuals to find, compare, and secure the coverage they need for protection, well-being, and financial peace of mind. …
Risk Management & Advisory Services
SIBL understands that managing material risks is essential to the success of its clients’ operations. To support this, SIBL offers integrated Risk Management & Advisory services to help clients identify and address their risk exposures. This process includes risk assessments, control evaluations, data analysis, benchmarking, and the development of risk mitigation strategies. The goal is to improve risk management, facilitate informed decision-making, and deliver value through tailored insurance solutions.
Claims Management
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Insurance Broking Services
SIBL serves as an independent insurance intermediary, representing the interests of our clients in the placement and management of insurance coverage. We begin by thoroughly analyzing each client’s unique risk profile and business needs, then recommend tailored insurance solutions to ensure optimal protection. …
Healthcare Insurance Management Services
SIBL offers health insurance consultancy services to corporate institutions and professional associations through its Health Division. The division utilizes its expertise, resources, and experience to deliver customized solutions that address the unique health insurance needs of each organization. …
FAQ
How can I verify if an insurance company is legitimate?
To verify the legitimacy of an insurance company, you can visit the website of the National Insurance Commission (NIC) at https://nicgh.org and review the list of registered insurance companies.
Is insurance required by law?
Yes, in Ghana, the Insurance Act 2021, Act 1061, mandates the protection of innocent third parties through compulsory insurances such as Public Liability, Professional Indemnity, Motor Insurance, and Fire Insurance for both commercial and commercial private buildings. Additionally, Section 27 of the National Health Insurance Act, 2012 (Act 852), requires every citizen to enroll in the National Health Insurance Scheme (NHIS) for healthcare coverage.
What type of insurance do you sell?
Our services cover the whole spectrum of the classes of insurance available in the market and other ancillary services as follows:
Property Insurances i) Assets-All-Risks Insurance ii) Fire & Allied Perils and Burglary Insurance iii) Business Interruption (BI) Insurance iv) Goods-In-Transit (GIT) Insurance v) Political Violence & Terrorism Insurance | Employee Benefit Insurance i) Workmen Compensation Insurance ii) Individual/ Group Life, Accident & Critical Illness, and Other Life Insurance iii) Health Insurance iv) Mortgage Protection Insurance v) Foreign Travel Insurance |
Liability Insurances i) Airport Third Party Liability Insurance ii) Professional Indemnity/ Liability Insurance iii) Directors and Officers Liability Insurance iv) Public Liability Insurance v) Cyber Risks Liability Insurance vi) Motor Vehicle Insurance | Commercial Bonds i) Bid Bond ii) Performance Bond iii) Advance Payment Bond iv) Customs Bond v) Temporary Importation Bond vi) Transit Bonds vii)Warehousing/ Security Bonds viii) Removal Bonds etc…. |
Engineering Insurances i) Machinery Breakdown Insurance ii) Plant & Machinery Insurance iii) Electronic Equipment Insurance iv) Stock Deterioration Insurance v) Contractor’s All Risks Insurance vi) Erection All Risks Insurance | Money Insurance i) Fidelity Guarantee Insurance ii) Bankers’ Indemnity Insurance |
Energy (Onshore & Offshore Oil & Gas) Insurances | Marine (Hull & Cargo) Insurance |
How do I know how much insurance I need?
SIBL helps clients identify and assess the risks that impact them and their businesses, and we address these risks through a comprehensive risk management plan. Our goal is to ensure complete protection for our clients while helping them stay competitive in today’s ever-changing risk environment.
How much does (auto, life, home, etc.) insurance cost?
Insurance costs vary from product to product. Please click on Request for Quotation link to get a customised quote.
Do you charge a fee for your services?
No, brokers are paid by the insurance companies with whom the business is placed.
In line with SIBL’s Transparency and Fees Disclosure policy, we clarify that insurance brokers are compensated through brokerage (commissions), which is included in the insurance premium. This principle and practice of paying insurance brokers from the insurance premium is also outlined in the Ghana Insurance Act, 2021 (Act 1061).
Without an Insurance Broker, these fees are retained by Insurance Companies.
Do clients pay for the services of a broker?
No, clients do not pay for the services of a broker. Brokers are compensated by the insurance companies with whom the business is placed.
Is it not cheaper to buy insurance directly from an insurance company?
Not necessarily. As brokers, we have access to valuable market information that allows us to negotiate better premiums on your behalf. We also ensure that insurers don’t unfairly add marketing costs to the premium. Additionally, we work to secure the best rates for our clients by comparing options from various insurance companies.
What is the difference between an insurance broker and an insurance agent?
An insurance agent represents and is tied to a single insurance company, acting as an extension of that company. In contrast, an insurance broker is an independent professional who works in the best interests of their clients, offering policies from multiple insurance companies. Brokers are accountable for their actions and carry Professional Indemnity Insurance to cover any potential mistakes.
Who will take care of the claims process?
We ensure that all monies or compensations owed to our insured clients or claimants from legitimate losses, accidents, or incidents are fully maximized and recovered without unnecessary delay.