Contact Address Details:
19 Kairaba Avenue, Serrekunda
PO Box 750,
Tel no: +220 4395725
4229785 (Banjul branch)
4395725 (Kairaba Av. HQ)
4396508 (Kairaba Av.)
4396513 (Finance Director)
4395724 (Serrekunda branch)
Insurance Policies Offered:
Motor Car Insurance:
This is the most common of GNIC policies and it provide several types of cover for a vehicle owners and motorists.
Contents of private dwelling houses and business premises may be
insured against loss or damage arising from burglary.
Under the GNIC fire insurance policy,
buildings, personal effects and household appliances may be
insured against loss or damage caused by an outbreak of fire.
They may not succeed in preventing the fire, but if it should
occur, they will compensate you adequately for the resulting losses and
put you back were you were before the fire. In addition to the
basic fire cover, GNIC can also offer you adequate protection
against financial loss arising from risks allied to fire
This cover reinstate an insured building (and / or its walls,
gates or fences) damaged by other bodies such as cars, any other
road vehicles or animals.
This cover will reinstate an insured building (and / or its
gates, walls) damaged by aircraft rockets, aerial devices and
/or devices and / or articles dropped from them.
This cover will replace / the insured roof and compensate for
consequent damage as a result of windstorm.
For the travelers this policy provides a cover for death or
injury during travel periods.
Whenever you have to ship any goods, you will need a Marine
Insurance Policy. Such a policy will cover risks of loss or
damage to the goods at sea or while in transit by inland
waterways, roads or rail.
Interruption of Business:
In addition to the above loss that fire and its allied perils
can cause, tremendous financial losses can befall business
institution because of interruption of their business consequent
upon these perils. The business interruption or
consequential loss policy can reimburse them for loss of gross
profit as a result of interruption of business.
Cash in Transit / Cash in Safe:
Money is very temping. Therefore when moved from one place to
another and whilst kept in a safe or elsewhere, it is
susceptible to loss or damage through theft, robbery and many
unforeseeable damages through many perils of life. What the
cash in Transit/safe policy does for you is to give maximum
security by reimbursing you for what has been lost or damaged.
Public Liability Insurance:
Every citizen, institution or body of people is under an
obligation by law to regulate his/her daily life or activity in
such a way as to avoid causing harm (both physical and
non-physical) to other persons or their property. If he/she
fails in this lawful duty to others, the injured party is
entitled to compensation tin the form damages. What the GNIC
Public Liability cover does is to help you in paying such
compensation should they arise. The policy can also be extended
to provide cover for liability arising out of the supply for
defective produce and services.
You can imagine how much money employers loose every year out of
the dishonest fraudulent malpractice of their employees in the
cause of their employment. The GNIC fidelity guarantee Insurance
is designed to rescue the employer out of this mishap by way of
Employer's Liability / Compensation:
Every employer is under and obligation by law to maintain a
healthy and safe working
environment so as to avoid employees been injured or contraction
(The Injuries Compensation Act)
makes it compulsory with certain exceptions for all employers
carrying on business in the Gambia to compensate their
employees, for injuries / death in the cause of employment. The
Employer’s Liability under this Act is strict because no proof
or negligence is required.
This policy is specially designed to cover death or bodily
injury caused by accidental means. It is important to each one
of us considering the various types of risks we are all exposed
to in our daily lives, at home, work, play, on the roads and
anywhere else we can imagine.
The GNIC individual and group policies for employers and
families attract a discount on the premium.
Endowment, Whole Life, Group Life, Term Assurance, Mortgage
Protection, Child Education Protection, Family Income, and
• Consequential Loss of Profits
• Contractors All Risks
• Erection All Risks
• Glass Insurance
• Machinery Breakdown
• Repatriation Insurance
• Performance Bonds
The Gambia National Insurance Company Limited was formed in
January 1974 as a subsidiary of The Gambia Commercial and
Development Bank. It initially only dealt with car cover.
The other stockholders were
the Co-operative Union and GPMB. It was formed in order to limit the
of insurance premiums by foreign companies and to support the Government's
monetary policies. The company wrote only motor business at that time.
In 1979, The Government passed legislation (The Gambia National Insurance
Corporation Act), which established the corporation and took over the
liabilities and assets of the company. The justification
given were several. Firstly, to enable the Government to monitor the activities of the
insurance Corporation. Secondly, to direct the functions of the Corporation for
the social benefit of the country. And lastly to work more closely with the
Ministry in carrying out Government fiscal and investment policy.
The institution began to
diversify by selling other kinds of policies besides vehicle insurance. These
included accident, fire and marine. In 1983 the GNIC started
to sell Business, Life Travel insurance
In 1989, The Gambia National Insurance Corporation (Repeal) Act was
passed which enable the assets and liabilities of The Gambia National
Insurance Corporation to be transferred to the Gambia National
Insurance Company Limited. The purpose was to facilitate its transfer
into private hands.
The daily office operations of GNIC has been carried out from one main office,
originally in the Commercial Bank building, then at 78
Wellington St. and, after 1985, in the present building headquarters
at 5 Leman Street. A branch office is maintained at Basse in the Upper
River Division and another contract branch is operated in Farafenni in
the North Bank Division.
Now fully in private hands with all its 1,000,000 shares fully paid up by individuals and businesses the GNIC Ltd.
represents a successful privatisation of The Gambia Government’s divesture
policy. GNIC has access to Lloyds and the London market through its
brokers. This of course has enabled it to underwrite big risks such as
large hotels, telecoms structures, etc.