Access Bank, Coronation Insurance to support SMEs

BY: Business Desk Report
Executives of the two companies after the unveiling ceremony
Executives of the two companies after the unveiling ceremony

Access Bank has unveiled its Business Protection Insurance offering to provide protection against fire, flood, burglary and personal accidents, for Small and Medium Scale Enterprises (SMEs).

The Business Protection Insurance is the newest addition to the portfolio of insurance offered by the Bank, in partnership with Coronation Insurance.

Unveiling the new insurance package at an SME Forum at the National Theatre in Accra, the MD of Coronation Insurance, Mr. Adedayo Arowojolu, encouraged business owners to take advantage of the offer to secure their businesses.

The President of the Traders Advocacy Group Ghana (TAGG), Mr David Amoateng commended Access Bank for its ever growing interest in meeting the needs of traders and businesses in general and for partnering TAGG.

He challenged Coronation Insurance to move out of its comfort zones into the markets, to educate business owners on insurance.

“It’s about time to get out of your offices and hit the ground running. Educate market women and men on insurance because, many people don’t know the importance of insurance and therefore don’t see the need to take one,” he said.

The Group Head for Retail Banking at Access Bank, Mrs Matilda Asante-Asiedu, also called on SMEs to secure their businesses with the Business Protection Insurance to avert the unfortunate situations that befall many in times of fire, flood, burglary and personal accidents.

On the role the bank plays regarding insurance, she explained that, Access Bank provides funds for businesses therefore business owners needed to get a cover for their businesses.

“To be able to secure your businesses, you need to get your business running. This is why Access Bank has collaborated with Coronation Insurance to provide you that needed stability”, she noted.