Access Bank partners with Coronation Insurance to provide business protection to SMEs


Access Bank has unveiled its business protection insurance offering to provide fire, flood, burglary and personal accident protection for small and medium-sized businesses.

Business Protection Insurance is the most recent addition to the insurance portfolio offered by the Bank, in partnership with Coronation Insurance.

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

He says the offer represents the bank’s best interest in protecting their businesses and making sure their livelihoods are also protected.

Crown Insurance Sales and Distribution Manager Seth Sorgah said the three products together provide an all-inclusive protection program for their businesses.

Seth Sorgah added, “Businesses are like human beings; they need to be protected. So we have bundled three products into one, to provide holistic protection for you and your goods in the event of fire, flood, burglary and personal injury at a very good cost.

The Chairman of Traders Advocacy Group Ghana (TAGG), David Amoateng, congratulated Access Bank for its ever-growing interest in serving the needs of traders and businesses in general and for its partnership with TAGG.

He challenged Coronation Insurance to step out of its comfort zones to enter markets, to educate business owners about insurance.

“It’s time to get out of your desks and get to work. Educate women and men in the insurance market because many people do not know the importance of insurance and therefore do not see the need for it.

He called on Access Bank to continue supporting businesses with soft loans, especially as the holiday season approaches, to strengthen small businesses.

Matilda Asante-Asiedu, Group Head, Access Bank Retail Banking, called on SMEs to secure their businesses with business protection insurance to avoid unfortunate situations that arise in the event of fire, flood, burglary and personal accidents.

Regarding the role played by the bank in insurance, she explained that Access Bank provides funds to businesses. Therefore, business owners needed to get coverage for their businesses. “In order to secure your businesses, you have to run your business. That’s why Access Bank has worked with Coronation Insurance to give you the stability you need, ”she said.

In addition, she encouraged traders not to defer purchasing insurance policies, but to act on the information they had received at the forum.

Shedding more light on the digital solutions and banking products offered by the bank, Jones Darmoe, area manager of business banking for Access Bank, noted that banking solutions had been made available to customers and highlighted the need for customers to use them.

“Our range of banking solutions has been made accessible to all customers through various channels made available to our valued customers. Our Instant Business Loan is a must have for any business with flexible repayment terms.

In addition, he explained that their available digital solutions include the prepaid card which allows customers to load any amount of money to make payments and controlled purchases both inside and outside the store. Ghana.

“Paid access, * 901 #, integrated point of sale, online payment and various card offerings, among others, are easily accessible and user-friendly,” he added.

Access Bank Managing Director Olumide Olatunji attended the ceremony.

Access Bank remains committed to its promise to provide more than just banking services to SMEs and customers in general. The Bank has supported many SMEs and startups through tailor-made digital banking solutions for companies and made them aware of the various business practices for their commercial development.

Over the years, Access Bank has developed a deep understanding of its customers, providing excellent service and empowering them to do more through financial education.

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