Baraka Credit through its insurance subsidiary has partnered with insurance companies to offer Baraka client’s convenience, competitive premiums and quick turn -around in claims processing, with the key products being the following:

Workers Injury Benefits Act (WIBA)

This covers liability under the Labour Laws about health and Safety of employees.

Contractor’s All Risk (CAR)

This covers contract works, raw materials and equipments on site, workers and third-party liability.

Contractors’ Plant and Machinery Insurance

This provides cover against loss or damage to construction equipments, plant and machinery such as excavators, bulldozers, cranes wheel loaders etc.

Marine Insurance (warehouse to warehouse)

This insurance category covers cargo (goods) as well as other incidental losses/liability when transporting goods. This applies to goods transported by sea,air,road ,rail until final destination.

Insurance Premium Financing (IPF)

You get to enjoy cover benefits immediately without having to pay full insurance premium amount at once. Baraka IPF offers flexibility to pay insurance premiums in instalments. No collateral is required.

This covers Medical, Motor, Fire & Perils, Industrial All Risks, Burglary