Commercial Line

Engineering Insurance

 

Engineering insurance policies take into consideration all the risk exposures of industrial establishments and have suitable policies to cover these loss exposures.

Type of engineering insurance policies:

Engineering policies issues at two stages, namely construction phase and operation phase.

  1. Construction phase insurance policies:some of the policies include;
    1. Contractors all risk;
    2. Erection all risk;
  2. Operational phase insurance policies: some of the policies include;
    1. Boiler and Pressure Plant;
    2.  Contractor’s Plant and Machinery
    3.  Electronic Equipment

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...

Investments

Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...

Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76