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Specialty Risk

Our Specialty Risk Insurance   

Oil And Gas
Oil and gas operations have unique and complex insurance needs. We have created insurance products and services to address and satisfy most of the needs for this industry.

GLICO General’s Oil and Gas Insurance department consists of individuals with a high degree of expertise and focus on this industry. Given our team’s expertise, we have the ability to respond to your service needs in a very professional and timely fashion. With our collaboration with international partners and the direct access we have to the international markets including Lloyds of London, our team has been well tailored and educated to provide our clients with the BEST service including Risk Management for the Oil & Gas Industry.

We look forward to providing insurance cover for the under listed classes of business and others. In addition to our insurance products, we offer aggressive claims management and proactive loss control services specifically adapted to the oil and gas industry.

Our Upstream and Downstream portfolio of products covers:

Products covered under this portfolio would include the following:­

  • Oil Rigs and Platforms
  • Pipe Lines
  • Filling Stations
  • Gas Terminals
  • Tank Farms
  • Operators Extra Expenses
  • Cost of Controlling Well Under Fire
  • Cost of Re-drilling
  • Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
  • Marine Vessels – Hull/ Cargo
  • Employee Properties/Welfare Policies
  • Employers  Liability
  • Extra Cover as desired by the Operator

Please click on a product name for more details.

Our Mission

To continuously operate as a result-based and sustainable insurance company by providing innovative insurance solutions to our customers and building long lasting relationships with our stakeholders.

Our Vision

To be a leader, a world-class organization, and a “brand of choice” in Ghana and the West African sub-region.


Towards the attainment of our vision, we are guided by these values:

  • Ethics – we abide by the rules and principles set by regulator of our industry; as well as our own principles of business conduct that keeps us ahead of the competition.
  • Transparency – we operate and communicate in sincerity and promote the truth in all our business relationships.
  • Friendly and Competitive Services – we offer value to stakeholders through an efficient client relations system and prudent management practices.
  • Professionalism – we set high standards to remain competitive by providing quality service through a highly skilled and motivated staff.


Innovation has been one of our hallmarks. At GLICO General, our ability to listen and pay attention to the needs and changing lifestyles of our policyholders and prospective policyholders have enabled us provide a wide range of innovative products and services that set us apart from other companies.

Our commitment to innovation keeps getting stronger. We never rest. We continue work unrelentingly with experts who constantly scan the business environment to come up with innovative products and services that meet the dynamic needs of policyholders and prospective ones.


As a responsible citizen, GLICO recognizes that its activities (operations, products, services) have a wider impact on, and contribute to the society in which it operates.  It therefore takes appropriate actions that are over and above compliance with minimum legal requirements to give back, whenever it can, to support the very people who have made GLICO what it is today.

At GLICO, our Corporate Social Responsibility for the GROUP and constituent subsidiaries is carried out by the Group Corporate Affairs & Marketing Department (GCA&MD).

Our social responsiveness is geared mainly towards Sports, Education, Health, Social Welfare and Community Development and Protection

Munich Re

Munich Re is a leading reinsurance company headquartered in Munich, Germany. It is one of the world’s leading reinsurers and are represented all over the world. Munich Re employs over 43,428 people around the world.

Swiss Re

Swiss Re The Swiss Re is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer operating over a period of 154 years. Founded in December 1863, Swiss Re employs over 14,053 people around the world. The company is headquartered in Zurich, Switzerland.

can Reinsurance Corporation

African Reinsurance Corporation, together with its subsidiaries, provides reinsurance solutions to the insurance sector in Africa and internationally. The company was founded in 1976 and is based in Lagos, Nigeria. Rated “A” by A.M. Best in 2017.

hana Reinsurance Company Limited

Ghana Reinsurance Company Limited Ghana Re is a “home-grown” successful reinsurance company in Ghana with over 44 years’ experience in reinsurance business and a proven track record of providing world-class reinsurance services to local and international markets.

WAICA Reinsurance Corporation

WAICA Reinsurance Corporation Plc is a public limited liability company incorporated under the laws of Sierra Leone (Companies Act 2009) on 7th March 2011. The Corporation has an authorized share capital of $100 million and a paid up share of approximately $65 million.


GN Re is a homegrown reinsurance company and a subsidiary of the Group Nduom. Over a period of 3 years of operations, GN Re has grown their initial stated capital of GHS80 million to GHS121 million in 2017.

trust Insurance Company

Alltrust Insurance Company Limited provides property and casualty insurance products and services. It offers insurance, reinsurance, and fund management services. The company was founded in 2004 and is based in Shanghai, China. Alltrust Insurance Company Limited operates as a subsidiary of China Huaneng Group.

Continental re

Continental re is a world-class pan-African service reinsurer incorporated in Nigeria in 1985 and wrote a gross premium income of NGN22.4 billion as at 2016.


ZEP-RE (PTA Reinsurance Company) underwrites life and non-life reinsurance risks in Kenya, Ethiopia, Tanzania, Zimbabwe, India, Uganda, and Sudan. The company offers property, casualty, motor, marine, aviation, life, and medical insurance products. ZEP-RE (PTA Reinsurance Company) is headquartered in Nairobi, Kenya.


PICC Property and Casualty Company Limited is principally engaged in the provision of property and casualty insurance products. Incorporated 2003, PICC records a total revenue of HKD362.70bn and a net income of HKD23.43bn. PICC was our main reinsurer when we provided cover for the construction of the BUI Dam.

Dr. Kwame Achampong-Kyei

Mr. Kwame Achampong-Kyei is highly regarded as one of the most successful and astute entrepreneurs in Ghana. He is a Fellow of the Chartered Insurance Institute of Ghana (CIIG) and a Member of the Chartered Insurance Institute (CII), UK.

He is the Founder and Executive Chairman of GLICO Group., which is made up of GLICO Life Insurance Company, GLICO General Insurance Company, GLICO Healthcare, GLICO Pensions, GLICO Capital, GLICO Properties among others.

Mr. Kwame Achampong-Kyei worked with the reputable American Life in the United Kingdom for many years before returning to Ghana to pursue his dream of establishing a life insurance company with a vision of bringing life insurance to the doorstep of every Ghanaian household.

After founding Gemini Life Insurance Company (now GLICO Life), Mr. Kwame Achampong-Kyei exhibited remarkable business acumen to grow and develop GLICO to become a dominant brand of choice in Ghana. Apart from GLICO Group Ltd and its subsidiary companies, he also owns and has major stake in a number of other companies, which provide employment for hundreds of Ghanaians.

At the industry level, he was a Founding Member of the Ghana Insurers Association (GIA) and served as the General Secretary of the GIA for more twelve consecutive years. He was instrumental in initiating and assisting in the establishment of a number of industry code of practice. He was one of the major brains behind the establishment of an oil and gas consortium (now known as GOGIP) following the discovery of oil and gas in commercial quantities in Ghana.

Mr. Kwame Achampong-Kyei serves on several Boards and his remarkable achievements have been recognized both locally and internationally with a number of awards including the prestigious Marketing Man of the Year conferred on him by the Chartered Institute of Marketing, Ghana (CIMG) in 2008, Order of the Volta, (one of the highest national awards, conferred on him by President John Agyekum Kufuor in 2008), Honorary Doctorate Degree awarded by the Commonwealth University in 2015, the 2019 Entrepreneur of the Year among many others.

Mr. Kwame Achampong-Kyei continues to pursue his entrepreneurial passion with verve and also inspire young people to exploit their God given talents and realize their dreams.   

Danquah Addo-Yobo

Mr. Danquah Addo-Yobo is a Chartered Accountant with both national and international corporate experience. He has extensive knowledge in the financial sector and customer service.

He has worked with Yara Ghana Limited (Yara), the world’s largest supplier of mineral fertilizer, for the past 6 years in varying roles. He served as the Chief Finance Officer from 2014 to 2016 and Managing Director from 2017 to 2019. He is presently the West African Regional Director of the company.

Prior to joining Yara, Mr. Addo Yobo held senior management roles both locally and internationally. Locally, he has worked with Vodafone Ghana, Maersk Ghana Limited and internationally with Safmarine (Pty) Limited (South Africa), PT. Maersk Indonesia and Pt. MM Logistics Indonesia.

Mr. Addo-Yobo holds an MBA from the London School of Business and Finance, MISE from Maersk International Shipping Academy and a Finance Magnet from APM Terminals (the Hague).

He also holds a BSc qualification in Business Administration (Accounting Major) from the University of Ghana, Legon.

Mr. Danquah Addo-Yobo is a Fellow of the Association of Chartered Certified Accountants (ACCA), UK.  

Seth Kofi Nyamadi

Mr. Seth Nyamadi has many years of experience and expertise in finance, accounting, insurance and reinsurance.

He was the Deputy Managing Director in charge of Finance and Administration at Ghana Reinsurance Company Limited (Ghana Re) having previously served as Chief Finance Officer of Ghana Re for over ten years.

He is a Chartered Accountant and a longstanding member of the Institute of Chartered Accountants, Ghana. He also holds an Executive MBA from the University of Ghana Business School and has over thirty years’ work experience in accounting and finance.

Mr. Nyamadi prior to joining Ghana Re, worked with Tettey Ussher & Partners and Deloitte & Touche. He also served on the Boards of Donewell Insurance Company and CDH Financial Group Limited as well as the NIC Finance Committee for many years.         

Mr. Edward Forkuo Kyei

Mr. Forkuo Kyei is the Group Chief Executive officer of GLICO Group and a Chartered Insurer with over thirty years’ experience. Prior to his appointment as the Group CEO, he was the Managing Director of GLICO Life Insurance Company, the life insurance subsidiary of the Group for approximately ten years.

Having joined GLICO in 1992, he has played a pivotal role in the growth and success of the organization. He was instrumental in the establishment of most of the subsidiary companies under the Group and plays a key role in the growth of these companies.

Apart from being a Chartered Insurer and an Associate Member of the Chartered Insurance Institute (ACII) he also holds MSc in Insurance & Risk Management from Cass Business School City University (UK) and MBA in Finance & Advance Strategic Management from the Cardiff Business School, Cardiff University (UK). Mr. Forkuo Kyei is a product of Kwame Nkrumah University of Science and Technology (KNUST) where he graduated with a BSc Development Planning degree.

Mr. Kyei serves on several company boards as well as boards of institutions including Liberty Centre Assemblies of God Church and the Assemblies of God University College.   

Andrew Achampong-Kyei

Andrew Achampong-Kyei is a chartered insurer and a lawyer called to both the UK and Ghana bar.

He joined GLICO Group Ltd in 2010 as the Company Secretary, Head of Legal and Special Risks. He led GLICO Group’s legal and special risks outfit with demonstrated commitment; ensuring the application of prudent risk exposure management interventions.

He has gained in-depth understanding of risk assessment and underwriting of major and complex risks and energy insurance through executive management training program in one of the world’s leading broking firms, Filhet Allard Maritime, France, as well as an attachment at Marsh Limited (UK) – a global leader in insurance broking and risk management.

He has substantially enhanced his leadership, managerial and technical capabilities through his participation in executive training programs in critical disciplines such as: Governance and Risk Management in September 2016 (Ghana); Risk Management in July 2017 (Ghana); Terrorism and Sabotage, Political and Cyber Crime Risk Insurance in September 2017 in Nigeria, and other functional training programs.    

ING. Solomon Twum Barima ESQ

Ing. Solomon Twum Barima is a Chartered Insurer, a Professional Engineer, a Risk Management Expert, a Lawyer and a Loss Adjuster. He possesses several years of varied work experience in his fields of practice.

He started his insurance career with SIC in 2006 as a Risk Engineer after working with a manufacturing company as an Assistant Production Manager. In April 2013, he rose to become the Assistant Manager of SIC’s Legal Department.

Ing. Twum Barima joined GLICO General Insurance Company in January 2016 after leaving SIC to work with Imperial General Assurance as the Head of Claims and Risk Management from September, 2013 to December, 2015.

He has consistently demonstrated knowledge and skills which have ranked him among the best technical experts in risk assessment, underwriting, loss adjustment and claims management in Ghana’s insurance industry.    

James Apam

Mr. James Apam is a Chartered Accountant with several years of experience in Accounting and Finance, Internal Audit & Compliance, Corporate Treasury, Strategic planning and analysis, business development, Micro finance and SME banking. He has industry experiences in Airline, Insurance, Financial Services / Banking and Hospitality.

He started his career in 2001 with the now defunct Ghana Airways as an Accounts Officer and later joined SIC Insurance Company Limited in 2003 as an Officer, Internal Audit and rose to the position of Chief Officer, Internal Audit before leaving SIC in 2010.

He later joined BEIGE Capital Savings and Loans in 2010 as Head of Finance with additional responsibility for procurement, IT and branch expansion. He was appointed as a Regional Head in 2011 and successfully managed Accra East Region expanding the bank’s branch network in the Region from three to twelve within three years.

Prior to joining GLICO General Insurance in August 2017, he held the position of Group Treasury Manager / Finance Manager at Allterrain Services Group, a British Virgin Islands (BVI) company operating in eighteen (18) countries in Africa with annual turnover in excess of US$100M.     

Charles Graham-Mensah

Charles Graham-Mensah is a Chartered Insurer and a Chartered Marketer with more than twenty years of uninterrupted, professional experience in the insurance industry. He started his career in the life insurance sector as a Marketing Officer of GLICO Life Insurance Company in 1999.

He later joined Vanguard Assurance Company as a Marketing Officer and rose to the position of a Branch Manager. He rejoined GLICO General Insurance Company in 2007 as the Assistant General Manager in charge of Marketing. Since returning to GLICO General, he has climbed up the ranks to become the General Manager (Marketing).

He is a member of the Chartered Insurance Institute (ACII), UK and Chartered Institute of Marketing (CIM). He holds Executive MBA (Marketing) and B.A. (Psychology).

Charles has also benefitted from several training courses organized and executed by internationally-recognized and reputable institutions such as: Harvard Business School, Yale School of Management and Temple University – all in the U.S.A. These training programs have contributed immensely to his experience and capabilities.  

Ohenebeng Sarpong

Mr. Ohenebeng Sarpong started his insurance career with Provident Insurance Company in 1992 as a Senior Insurance Officer. In December 2002 he resigned from Provident Insurance as an Underwriting Manager and joined Tri-Star Insurance Services. After a short stint at Tri-Star, he moved to Unique Insurance Company as a General Manager in 2004.

Mr. Ohenebeng was one of the pioneering senior Management staff of GLICO General after joining the Company in 2006 as the Senior Manager, Technical Operations. In 2009, he was promoted to the position of Assistant General Manager (Technical Operations). He has brought on board a wealth of technical experience spanning more than twenty six years in the insurance industry and continues to bring technical innovation to the Company’s operation.

He has been involved in the provision of loss adjusting and claims settlement services for many policyholders for the past several years.

Angela Asante (Mrs)

Mrs. Angela Asante is a Chartered Insurer and an Associate member of the Chartered Insurance Institute, United Kingdom. She also holds a Master of Business Administration (MBA) from the Northampton University, United Kingdom and a Bachelor of Arts Degree from the University of Ghana, Legon.

Angela has several years work experience in the insurance industry progressively attained at GLICO General including Head of the Reinsurance Department and Head of Retail Department. Before joining GLICO General in 2011, she had worked with Santander Bank PLC, UK as a Retail Banker for close to three years.

Angela has participated and benefited from several Insurance training courses with reputable institutions such as Munich Re, African Re, Continental Re, Ghana Re, among others. She is an active member of the Claims Settlement Committee at GLICO General and brings on board a gamut of technical and practical experience gained on the job over the years.

She is currently the General Secretary of the Chartered Insurers Ladies Association of Ghana (CILAG) and a member of the Chartered Insurance Institute of Ghana (CIIG).   

Helena Osei-Frimpong (Mrs)

Mrs. Helena Osei-Frimpong has more than twenty years work experience in claims, underwriting, research and training.

Before joining GLICO General, she worked with SIC Insurance Company Limited as a Claims and Underwriting Officer from 2007 to 2014.

She also worked at the Ghana National Chamber of Commerce and Industry as a Research and Training Officer.

Mrs. Helena Osei Frimpong is a Chartered Insurer and a member of the Chartered Insurance Institute, UK. She holds Executive MBA and a Bachelor of Arts Administration from the University of Ghana, Legon (Human Resource Management and Psychology).

She also has certificates in business training programmes; notable among them are workshop in Market Analysis by International Trade Centre/Ghana Export Promotion Council, Socially Responsible Entrepreneurship by AdaPPPT Foundation, The Netherlands, E-Business Strategies for Business Management by MDPI and Management of Training functions by GIMPA. 

Kwame Boateng Asare-Kena

Kwame Boateng Asare-Kena is a Chartered Insurer with more than sixteen years of professional experience in the insurance industry. He is a member of the Chartered Insurance Institute (ACII), UK and holds an MA in Organizational Leadership & Governance and a Bachelor of Education in Social Studies.

He started his career in the insurance sector as an Underwriting Officer at SIC Insurance Company Limited in 2004. In 2014, he joined GLICO General Insurance Company Limited as a Branch Manager. He was appointed Head of the Broker Relations Workgroup in 2016.

Kwame has attended numerous training courses organized and executed by internationally recognized and reputable institutions such as: Munich Reinsurance Company of Africa Ltd, Continental Reinsurance Plc, West African Insurance Institute, Ghana Reinsurance Company Limited and GN RE & JB Boda Insurance Reinsurance Brokers Pvt Limited. These training programs have contributed immensely to his knowledge and capabilities       

Motor Insurance

Accidents do occur, and in a number of cases it may not be the fault of the driver of the vehicle. If you are involved in a motor accident and it happens that someone is injured, attend to the person first. Give him the necessary first aid and call for an ambulance, arrange to transport the injured to the hospital or dial the National Emergency number 112, then follow the steps below to make your claim.

  • Inform the Police about the accident
  • Inform GLICO General about the accident and complete an Accident Report form
  • Submit a photocopy of your driver licence and make the original available for inspection
  • Submit all Claims, Writs, and letters unanswered to us.

Sometimes, it is difficult to determine who qualifies to make a claim. The following are the categories of persons qualified to make a claim:

  • The Policyholder (the Insured)
  • Anyone whose property has been destroyed by the insured vehicle
  • Any injured victim(s)
  • The Administrator of a deceased’s estate
  • The parents or guardians in the case of a minor.

Limited Time Period within which a claim can be made
At GLICO General, there is a period within which claims can be made and this period is set by the National Insurance Commission (NIC), the regulatory body.

A claim can be made within three years from the date of the accident.
A claim can be made within six years from the date of accident.

Non Motor Insurance

Non-motor insurance comprises several lines of insurance such as fire and allied perils, burglary, public liability, professional indemnity, personal accident, contractors all risks among others.

Each non-motor insurance claim has its own specific claims procedure and conditions which are explained in detailed by our competent and well trained claim staff whenever a claim is made. Generally, however, when a claim occurs, you should:

  • Inform the police.
  • Contact GLICO General giving a description of the accident and fill the specific claim form.
  • Submit pictures of the accident or incident, if any
  • Submit all relevant documentary evidence in respect of the loss.
  • Submit all Claims, Writs, and letters unanswered to us

You may download the appropriate claim form from the “downloads” section of this website, fill it, sign it, scan it and send it to us with all appropriate documentations to claims@glicogen.com or customerservices@glicogroup.com

As a policyholder, should I report all motor accidents to GLICO General?

Yes you should. Even if the accident appears minor, it is important that you let GLICO General know about the incident. If you do not report it to the Company, you risk losing your right to make a claim later due to both statutory and policy limitations. Reporting an accident involving your insured vehicle on time also assists the Company gather relevant evidence.

What do I need to take into account before insuring my house?

Your house and its contents are one of your major investments and hence taking a house insurance is imperative for the protection of these valuable investments of yours.

To insure your house and its contents, you need to know the value of the building and the contents, the location of the building (flood and or earthquake prone area, high crime rate). Once you have decided on the insurance coverage, contact us on info@glicogen.com or any of our other contacts.

We will be able to help you determine if there are any gaps in coverage you might not have been aware of. We can also explain the details of the policy’s exclusions and limitations as well as recommend additional cover you may have not readily thought of.

Why do I have to insure my vehicle? And why should I have to insure it with GLICO General?

Once you own a vehicle, you assume a number of liabilities or risk exposures which, if they occur, could be devastating to you and therefore need to be covered by the GLICO General Motor Insurance Policy. Some of these risks include losses which could arise due to legal claims made by a third party in case of an accident caused by you or losses which arise as a result of an accident and other incidents such as theft. Some of these losses include loss of your vehicle as a result of an accident, theft etc., injury to you and or your passengers or even loss of lives. Besides, the laws of Ghana make it mandatory for you to insure your vehicle.

GLICO General is the best insurance company to insure your vehicle with. Our customer service is unmatched. In some cases we pay your motor insurance claim on the same day. We are not only interested in having you pay a premium but we ensure you get the best value for money. Contact us now.

What does it mean to have a “vehicle written off”?

The decision to repair, replace or pay cash for any loss of property to you lies with the Company. Your vehicle is said to be “written off” if the cost of repairs of the damaged vehicle is more than 70% of the sum insured. Another term for “written off” is “total loss”. Before your vehicle would be declared “written off”, GLICO General would rely on the expert advice of engineers and/or surveyors to arrive at that decision.

What factors determine the premium amount?

Make and Model of the VehicleYear of ManufacturePlace and year of RegistrationCurrent Showroom price of the vehicleWhether Client is Individual or CorporateLocation / residenceMarket value of the property being insuredUse of the property (commercial/private)

What factors should I consider when I insure my house?

Your house represents your investment, hence taking a house insurance means protecting your valuable investment and its contents. To insure your house therefore, one needs to consider the value of the building, the location of the building (flood prone area, high crime rate) Once you have decided on the coverage you want in your insurance policy, contact us on info@glicogen.com .

We will be able to help you determine if there are any gaps in coverage you might not have been aware of. We can also explain the details of the policy’s exclusions and limitations as well as recommend additional cover you may have not readily thought of.

What is Motor Insurance and why is it important? What is required for Motor Insurance?

Motor Insurance is a protection against losses which arise due to legal claims made by a third party in case of an accident caused by you or losses which arise as a result of manmade/natural calamity to you, your vehicle and co-passengers.

Motor insurance is an insurance purchased by the owner of a mechanically propelled vehicle to cover losses due to accidental damage, fire or theft as well as death or bodily injuries sustained as a result of an accident arising out of the use of the vehicle on a road. It is a legislative requirement under the Ghana Road Traffic Act 1958 for all vehicle owners to have an insurance policy that covers their legal liability for injury and /or death to third parties.

What is required for Motor Insurance?

You must tell your insurer everything that is relevant to your insurance. If you don’t, then you risk having your policy getting void or being left out without cover. insurers need to know all your details, your driving history, car user, car details and location.

Insurance is provided on an utmost good faith; hence, the insured is liable for any information provided to the insurance company. It is therefore necessary to declare any relevant information in respect of the cover being requested, usually by means of Proposal Forms. This will include ones personal details, vehicle details and driving history. Any incorrect information provided by insurer’s may render the policy defective and may result in inability to make a successful claim.

Why do I have a deductible?

Deductibles serve several functions.

  • Shifting the cost of small claims to the person buying the insurance (insured)
  • Enables the insurance company to reduce premiums.
  • Adjusting claims for small amounts often costs more than the value of the claim.
  • A deductible on a policy gives the owner of the property some degree of responsibility to protect his/her property.
  • The cost of insurance would be much higher if there were no deductibles.
  • The higher the deductible, the lower the premium.

Why do premiums vary between different insurance companies?

Insurance companies work with different statistics and use different methods to calculate premiums. Some companies are specialized in certain areas or types and so are prepared to give discounts in those areas. This adds to the complexity as various companies yield varied prices.

Premiums are quoted based on the risk being insured. The greater the risk, the higher the premium quoted. Hence, depending on the cover being provided, different insurers may assess the same risk differently and thus the differences in premiums between different insurance companies. Insurance premiums are also computed on basic, with Loadings and discounts. Premiums are likely to be the same for classes of business subject to Tariffs.


Our burglary policy indemnifies you against loss of or damage to your property [often movable property] by theft following entry or exit from the premises by forcible and violent means.  Damage sustained by the premises in the course of the burglary is also covered.

Such property as stock in trade, raw materials, furniture, office equipment may be covered


Did you also know that by law, business owners have liabilities to third parties who may suffer accidental bodily injuries, death, and damage to their property arising out of the owner’s business activities?

Well, our Public Liability policy shall indemnify you as a business owner against such liabilities. The policy also extends to cover legal cost claims brought to you by the claimant. If your business premises are used by a large number of customers and the general public, example in the case of construction sites, offices, shops, hotels, it is very necessary that you take our Public Liability policy to ensure peace of mind.


The home owner’s policy is designed exclusively to cover loss or damage to your private dwelling (house), as well as your household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.


The GLICO General Householders’ Policy is designed exclusively to cover loss or damage to your household goods and personal effects resulting from fire and allied perils or theft. Our policy also covers your liability to third parties for injury or damage sustained at the premises following negligence on your part.


If you are a shop owner, then you definitely need the GLICO General Comprehensive Shop Owners Policy. It is a uniquely designed for you as a small scale business owner who buy and sell goods/items. This policy has been exclusively designed to combine the benefits of our fire and allied perils policy and the burglary policy.

The policy provides cover for:

  • Buildings occupied and used as a shop constructed of brick, stone or cement blocks/concrete
  • Contents: Stock in trade, Goods, Merchandise Office equipment and Furniture

against loss or damages arising from fire or its allied perils or when theft occurs following  forcible entry or exit into or out of the shop.  

A free public liability of up to GH¢500.00 per accident is an additional benefit on the policy.


 This policy indemnifies the insured against loss, destruction or damage to the insured property from any cause whatsoever (except where specifically excluded), from accidental, sudden and unforeseen cause.  It is an all embracing Policy, which covers Fire and Allied Perils (Flood, Tornado, Windstorm, Earthquake, Burst Pipes and apparatus, Lightening, Strikes, Riots and Civil Commotion) as well as Burglary/Theft.

The Policy Schedule is divided into three sections:

  1. Buildings
  2. Plant and Machinery

Contents – Office Equipment, Furniture, Fixtures and Fittings.


Our Marine Cargo Insurance provides insurance for goods you may ship from one place to another, anywhere in the world. The policy is usually effected on a “per voyage” basis i.e., from the time the goods leave the premises of the seller until the time they finally arrive at the buyer’s premises. It can either be effected by the buyer or the seller depending on the contract of sales be it FOB, C&F or CIF.

We can arrange an Individual Cover for each and every shipment or an Open Cover which is a continuous policy providing automatic cover for all shipment described in the policy. 

Our Marine Cargo Policy covers varied risks such as shipment by sea, by air, inland transits and adopts the Institute Cargo Clauses A, B, C amongst others in providing you with robust and tailored cargo insurance in respect of all goods imported/exported in or out of the country.     


This policy covers loss or damage to hull and machinery to the carrying vessel, machinery and third party liability flowing from the perils of the sea or any other navigable waters. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.Various vessels that can be insured under our Marine Hull policy ranging from Fishing Vessels, Passenger Vessels, Cargo Vessels through to Yacht and Boats. The policy could be taken for a specific voyage (Voyage Policy) or for a specified period, normally 12 months (Time Policy) and the Institute Time Clauses (Time, FPA and Total Loss Only) and be adopted amongst others depending on the nature and degree of the risk. Our policy covers both the hull as well as the machinery.     


These are guarantees issued by the Surety (GLICO General) in favour of the Bidder (Contractor) assuring the Client (i.e. any person, Corporate or Unincorporated Entity desiring to award a target project by duly awarded; and that if the bidder happens to be the winner, he would proceed to obtain a Performance Security for the contract.  The surety pays a certain sum of money – i.e. the bond sum which is always stated in the Bond, if the Bidder withdraws from the tender before the contract is awarded


These are bonds that guarantee proper and timely execution of a contract by the Contractor.  The guarantor/Surety (GLICO General) promises the client that the Contractor shall perform the contract in accordance with stated specifications and within set periods.  The guarantor (GLICO General) pays a stated sum if the contractor fails to execute the contract and within the agreed period.


In some situations, a Principal who awards a contract to a Contractor agrees to make some advance payments to enable the Contractor mobilize resources towards effective performance of the job(s).  Our Advance Mobilization Guarantee is a form of loan guarantee which protects the Principal against loss of advance payment.  Our policy provides that we, as insurers, guarantee the judicious use of the monies advanced to the Contractor on the job failing which we shall pay whatever balances that may remain outstanding should the contractor fail to perform the contract.


Our Customs Bonds provide guarantee to the Republic of Ghana (through GHANA REVENUE AUTHORITY – CUSTOMS DIVISION who are the collecting agent), that an importer/exporter would pay all duties due on the imported/exported goods. We provide various types of Customs Bonds and notable among them are Warehouse or Security, Removal, Transit, Exportation Bonds and Customs House Agent.


In some instances, you as an importer may request that you be allowed to put your imported goods on which duties have not been paid, at specified Bonded warehouse(s) and pay the duty involved at a later date. GLICO General by issuing the Security Bond, guarantees that you would pay the duty to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION and that should you default in the payment of duty on the goods, we shall pay GHANA REVENUE AUTHORITY – CUSTOMS DIVISION, but up to the value of the Bond.


You may remove goods from a bonded warehouse to your premises or the destination where the goods are needed. The State may lose revenue by way of duty lost if the goods being removed from a given warehouse(s) do not reach their destination. Our Removal Bond provides a guarantee to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION that we shall pay any loss of duty to the State, up to the value of the Bond if the goods fail to get to the destination.


Your company may import goods into the country for a fixed period of time and there may be the need to re-export such goods to their final destination. As you may be aware, all goods imported into the country have to be taxed, and where the goods are not re-exported, it would mean loss of revenue to the State. Our Temporary Importation Bond guarantees to pay to the State the revenue lost as a result but up to the Bond amount.


Our Re-Exportation Bond provides a guarantee for our numerous clients who may re-export imported goods to other countries or import goods for use in the country when they visit, with the intention that such would be sent back. The Bond guarantees for the tax element on goods-in-transit especially from the neighbouring countries through Ghana.


Our clients may import goods into the country and then transport such imported goods for which duties have not been paid, from one point in Ghana. Where the importer does not transport the goods but sells them, the unpaid duty becomes revenue lost to the State. Our Transit Bond guarantees to pay the revenue lost but up to the Bond amount if our client fails to transport the imported goods to the neighbouring country.


As a local manufacturer, you may export some of your locally produced goods to other countries. Where you fail to export such goods and rather sell them locally, the State loses the sales tax duty payable on the goods. Glico General’s Exportation Bond guarantees to pay the sales tax duty to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION if you fail to export the goods and instead sell them locally.


Customs Clearing Agents, in the course of discharging their duties, may misconduct themselves in such a manner that could result in the State losing revenue in terms of customs duty.  Our Customs Agent Bond guarantees to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION that should the misconduct of the Clearing Agent result in loss of customs duty to the state we shall pay to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION but up to the value of the bond.


This is our minimum cover and it covers your liabilities to third parties in respect of damage caused to the property [ies] of such third party or injury/death to the third parties as a result of the use of your vehicle.

Our standard Third Party policy has a limit on the liability for property damage. However there is an option for an increase in the limit upon request. This benefit, however, comes with an additional premium charge.

Your choice of the Third Party Motor Insurance policy would not cover any loss or damage to your own vehicle. Please choose our Comprehensive Motor Insurance Policy to have this risk covered.  


Our Third Party Fire and Theft policy offers the benefits under the Third Party Motor Insurance, described above, in addition to providing cover for your own vehicle when the vehicle or any of its parts are stolen through violence or force, or there is loss or damage to the vehicle as a result of fire.

The policy does not cover own damage losses.


Our highly patronized Comprehensive Motor Insurance would provide a comprehensive cover to you. In addition to granting cover for your liability to third parties, our Comprehensive Motor Insurance Policy covers risks such as fire, explosion, theft, accidental collision or overturning due to mechanical breakdown, malicious damage, flood, storm, to mention but a few.It also provides cover for a certain amount for emergency medical treatment as well as personal accident benefit to the insured or the driver of the vehicle.We also have a specially designed motor comprehensive package for identified groups and staff unions of various organizations. This package offers the comprehensive policy but with greater benefits.
Please contact us today for further details.       


As a Road Haulage Operator or Distributor you are liable for the safe delivery of goods to their destination whilst being carried by road, and/or businesses which transport their own goods from one place to another, against damage or loss through accidents, fire, or highway robbery. Our Goods in Transit policy ensures that where there is loss or damage to goods following robbery, an accident or fire, you are indemnified to the extent of the loss or damage.


This policy indemnifies the employer against his legal liability for injuries to his employees resulting from accidents arising out of or in the course of their employment. The Workmen’s Compensation Act makes it compulsory for any employer of labor to set aside funds to compensate any worker who may be injured at the work place whether or not the employer is guilty.


Our Group Personal Accident provides compensation for accidental death or bodily injuries to a member of a group of people such as workers or members of association, clubs, etc. It is a very important policy considering the various types of risk which as an employee or a member of a group you are exposed to on a daily basis.Unlike the Workmen’s Compensation, the Group Personal Accident Policy provides a 24 hour cover. It is usually more advantageous for a group of people to take this type of cover than for each of them to take individual personal accident cover, because it becomes cheaper in cost.


The GLICO General Fidelity Guarantee Policy offers your company protection against the infidelity or dishonesty on the part of your employees such as accountants, cashiers and other categories of employees who handle money or deal with the finances/cash of your company. The policy reimburses your company for all loss of money due to acts of fraud and dishonesty on the part of employees.


The nature of your business may require that cash is sent to and from your business premises to the bank and vice versa, or kept temporarily in a secured safe in the office. The risk of theft whilst the cash is in transit or kept in the safe is very real. The GLICO General Money Insurance Policy indemnifies you against loss of cash, bank drafts, currencies notes, treasury notes, coins, cheques and current postal orders and stamps as result of an accident or an armed robbery attack whilst in transit from your premises to the bank and vice versa or from one branch office to another and/or loss of monies otherwise locked in a safe as result of a break-in.

The exposures covered are:

  • Money – In – Transit
  • Money In Safe
  • Money on premises during business hours

Money in residence of authorized employees


This policy is designed to protect your business from financially crippling and often reputation-damaging claims by dissatisfied clients. It is a fact that, even the most respectable companies can find themselves in dispute with a client over a mistake. Our Professional Indemnity Policy is available to cover your exposure to:

  • Negligence: or breach of duty of care
  • Intellectual property: unintentionally infringing on others’ copyrights, trademarks, broadcasting rights, any act of passing off
  • Loss of documents/data: damaged, lost or stolen data and documents belonging to your clients
  • Dishonesty: liability arising from the theft of your clients’ money

The policy also covers the cost of fixing any mistake on your part, thus avoiding a larger claim being made. You are also protected if you lose or damage any clients’ documents in your care. 


This is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under policy.


Our Burglary policy covers loss or damage to the subject matter such as stocks and contents as a result of forcible and violent entry into or exit from the premises.


The risks associated with the transportation of goods from one destination to another are what this policy covers. It cover for loss or damage to goods while in transit by any insured vehicle against fire, theft following violence and damage of goods as a result of accident to the carrying vehicle. The insured is also covered whilst the insured property is in the course of loading or unloading from the conveyance or whilst temporarily housed in the ordinary course of transit.


The Money insurance policy indemnifies the insured against accidental loss or damage to the insured’s cash, bank and currency notes, cheques, postal orders etc. while in transit from one specified location to the other. Cash-Hold policy is effective when the insured’s cash is being held up in the business premises. Cash-in-Safe cover provides indemnity against damage or loss to the insured’s cash while they are being kept in safe at the insured’s location.


GLICO General’s Electronic Equipment policy is specially designed to cover all electrical and electronic systems such as Electronic Data Processing equipment, Electrical equipment for medical use, equipment for research and material testing, communication facilities, computers, etc. The policy provides an all risk cover against any unforeseen and sudden physical loss or damage by any cause (other than the exclusions specified in the policy), thereby necessitating their repair or replacement.


This policy covers all types of machinery, plant and mechanical equipment, including construction equipment, plants, production equipment, etc. at work or at rest or during maintenance operations. The policy covers unforeseen and sudden physical loss of or damage to plant, machinery and equipment which necessitate their repair or replacement.It therefore covers such causes as faulty design, faulty operations, malicious acts, physical explosion, short circuit, storm etc.     


If you are a contractor, our Contractor’s All Risk/Erection All Risk is highly recommended for you.

The Policy provides all risk cover to contractors in respect of both temporary and permanent works, in the course of construction or erection, and until the job is handed over by the contractor to the employer. The cover extends to also include loss of or damage to the unfixed materials or equipment on site. Our policy allows for all items of constructional plant/machinery, equipment, tools and the like, and also temporary buildings for use as site offices and their contents to be covered.  There is also a third party liability cover up to and not exceeding a specified amount for which you as the contractor shall be legally liable consequent on: –

  1. Accidental bodily injury or illness to third parties
  2. Damage to property belonging to third parties

The plant machinery and equipment of the Contractor being used in connection with the contract may also be covered under the policy. 

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