BeNew Insurance

Page d'Accueil
Cameroun
Duala
BeNew Insurance

Informations de contact, plan et itinéraire, formulaire de contact, heures d'ouverture, services, évaluations, photos, vidéos et annonces de BeNew Insurance, Compagnie d’assurance, Rue Franqueville, Immeuble SOCAREGI (Ancienne SONEL D’Akwa), 2nd Floor Door No 207 , Akwa Douala –, Duala.

BeNew Insurance is a micro InsurTech changing the insurance ecosystem by providing financial guarantee to low income earners while protecting the environment through its solution. -We Are a Disruptive Insurance Service Provider.
-We provide training for your staff on the best Insurance and InsurTech services.
-Protect your life and property.
-We provide best practice advice on how to protect your life and property.
-Best qualified team.

20/02/2026

Stop Gap Coverage

Stop gap coverage provides employer’s liability insurance when it’s not included in a workers’ compensation policy.

The term stop gap coverage, or a stop gap endorsement, refers to an employer filling a gap in workers’ compensation insurance by purchasing an additional policy.

Stop gap coverage protects business owners from lawsuits filed over workplace injuries. Business owners are protected from such lawsuits by employer’s liability insurance, which is typically included in workers’ compensation coverage.

Stop Gap Coverage Details

Stop gap coverage provides protection against allegations that an employer has not provided a safe work environment. While workers’ compensation pays for job-related injuries, employer’s liability is a separate clause of the policy. It protects the employer from being held liable for worker injury or illness.

A workers’ compensation policy from a monopolistic state fund does not include the part of the policy dealing with employer liability. To prevent a worker from holding the employer liable for an injury or illness, the employer should consider purchasing stop gap coverage from an insurance provider.

18/02/2026

Qualifying Event

A qualifying event is any change in your business situation that affects your needs for insurance.

A qualifying event is a change in your company’s situation that allows you to request policy modifications ahead of your next policy renewal. However, you must report these changes within two months of the event to be allowed to change your policy before its renewal.

Insurance qualifying events are important because they allow you to request coverage changes without waiting for your next policy renewal. If your business changes and you don’t update your insurance coverage, you could be exposed to risk.

What Are Some Common Qualifying Events?

Your business could experience a qualifying event when it adds products or services, hires new employees, expands, or moves to a new building. Other examples of potential qualifying events include:

-Changing ownership structure, such as moving from sole proprietorship to a limited liability corporation
-Adding a new partner or merging with another company
-Experiencing higher revenues
-Buying expensive production equipment
-Purchasing additional business vehicles

16/02/2026

General Liability Class Codes

General liability class codes are used by insurers to classify small businesses according to the risks they face. They help insurers determine the correct price to charge customers for general liability insurance.

General liability class codes are numbers that represent small businesses that do similar work and share common hazards. Using research, insurers can predict the losses companies in each code will experience over time. This helps them set an appropriate general liability insurance premium for those businesses.

How are general liability class codes different from workers’ compensation class codes?

General liability class codes and workers’ compensation class codes are similar in that they both classify businesses by risk to help insurers charge an accurate premium.

However, they can only be used for their specific insurance product. For example, an insurer can’t use the NCCI workers’ compensation codes to generate premiums for general liability insurance or general liability codes to price workers’ compensation insurance.

Why Are General Liability Class Codes Important?

General liability class codes are important because they provide an objective and accurate method for insurers to set their premiums. This lets them match the common hazards class members share with an appropriate price for insurance.

Setting the right premium is essential because charging too much or too little can have a negative impact on insurers and their customers:

If insurers charge too little, it might spark an underwriting loss (in which claims paid exceed premium income). This does not bode well for an insurer’s long-term viability.

If insurers charge too much, it may force small business owners to switch to a more affordable company.

From the insurers’ perspective, high premiums will make them less competitive in the market. This can have a negative impact on their revenue and long-term business success.

11/02/2026

Invasion Of Privacy

Invasion of privacy is the violation of a person’s freedom to control their image and be left undisturbed in private spaces and conversations.

Invasion of privacy is the intrusion of an unwanted individual or business into the private affairs of a person without consent. It’s one of the insurance risks for small businesses covered under the personal and advertising injury section of a general liability insurance policy or with professional liability insurance for some professions.
How Can You Protect Yourself Against Invasion Of Privacy Charges?

Several liability insurance policies provide coverage for invasion of privacy, including:

-General liability
-Directors and officers liability
-Professional liability
-Employment practices liability

Make sure you have coverage for invasion of privacy claims in your liability insurance policies. Having an insurance safety net against privacy-related lawsuits will not only give you peace of mind, but it will also save you a lot of money should you ever get sued.

Examples of invasion of privacy:
torts (or wrongful acts) against businesses include misusing a person’s statements for marketing purposes, publishing someone’s likeness without permission, and making email or telephone communications without the opportunity for the recipient to opt out.

Your liability insurance coverage could protect you from financial losses if you or your business is accused of one of these types of invasion of privacy

10/02/2026

Equipment Breakdown Coverage

Equipment breakdown coverage is a form of commercial insurance that provides funds to repair or replace damaged machinery or equipment that has suffered a mechanical or electrical failure.

Equipment breakdown coverage is insurance that protects your company’s computers, electrical systems, production machinery, and other equipment from sudden and accidental malfunctions. It’s designed to cover losses such as short circuits, loss of air pressure or vacuum, or power surges that commercial property insurance typically excludes.

Is equipment breakdown coverage the same as boiler and machinery insurance?

Equipment breakdown coverage is a newer form of coverage than boiler and machinery insurance, which was introduced when steam boilers were a major source of industrial power. Today, businesses rely on electricity to run a much broader range of equipment, which equipment breakdown coverage is designed to protect.

What Types Of Equipment Does This Coverage Protect?

Equipment breakdown coverage is designed to protect various types of equipment, including:

-Computers and telephone equipment
-Mechanical system components
-Manufacturing equipment
-Refrigeration devices
-Heating and ventilation systems
-Elevators and escalators
Security systems
-Retail point-of-sale devices

This coverage doesn’t require that the equipment breakdown resulted from a covered event in a property insurance policy, such as a fire. Coverage can kick in after an equipment malfunction.

09/02/2026

Occurrence-Based Insurance Policy

Occurrence-based insurance is a type of policy that pays for losses that occur during the policy period, even if it’s no longer active when you file a claim.

An occurrence-based policy covers losses that happen during the time you have the policy, regardless of when you file a claim. It is designed to protect you against long-tail events incidents that could cause injury or damage years after they occur. For example, a chemical spill is a long-tail event because it often takes decades to produce visible injuries or disease.

Occurrence-based policies will protect you against such events even if:

-Many years pass before injuries or damages become known.
-You have switched to another insurance policy or insurer.
-You have canceled your insurance and not replaced it with another one.

Common occurrence-based insurance policies; Insurers typically use occurrence-based policy forms for general liability, umbrella liability, and commercial auto insurance

How Do Occurrence-Based Policies Compare With Claims-Made Policies?

With an occurrence-based policy, insurers will compensate you for losses that happen during the policy period, even if it is no longer active when you submit a claim.

As long as you maintained your coverage with no breaks, your current claims-made insurance policy can typically pay for losses from insurable incidents that occurred under previous claims-made policies with different insurers.

What are the advantages of an occurrence insurance policy?

-Occurrence-based policies have fixed costs.
-They offer longer protection.
-They’re simpler to manage.

What are the disadvantages of occurrence-based policies?

-Occurrence-based policies cost more.
-They can be riskier to buy.
-They can complicate your purchase decision.

06/02/2026

Cyber Extortion

Cyber extortion is an internet crime in which someone holds electronic files or your business data hostage until you pay a demanded ransom.

Cyber extortion is an online crime in which hackers hold your data, website, computer systems, or other sensitive information hostage until you meet their demands for payment. It often takes the form of ransomware and distributed denial-of-service (DDoS) attacks, both of which could paralyze your business.

How does cyber extortion work?
Cyber extortionists have several common techniques for breaking into your computer hardware, software, and networks and incapacitating them until you pay a fee.

So-called distributed denial-of-service (DDoS) attacks involve hackers using a network of infected computers to send an overwhelming flood of messages to your web server, which effectively takes it out of service until the messaging stop.

Many cyber liability insurance policies cover cyber extortion, but usually by endorsement only (i.e., an addition to your policy’s declarations page). Such policies, called first-party cyber liability coverage, provide financial support for three purposes:

-To meet a hacker’s ransom demand
-To pay for extortion-related expenses, such as hiring a consultant to remediate an attack
-To bring damaged computer hardware or databases back to their original working condition

How can a small business avoid falling prey to cyber extortion?

-Maintain an effective firewall and install antivirus software
-Train staff on email hygiene (i.e., don’t click links in the body of unknown emails or open attached documents or applications)
-Avoid clicking on pop-up ads while working on the internet
-Maintain multiple backups of all your data.

08/09/2025

Stock Insurance Company

A stock insurance company is a corporation owned by its stockholders or shareholders, and its objective is to make a profit for them. Policyholders do not directly share in the profits or losses of the company.

Some well-known stock insurers include Allstate, MetLife, Prudential

UnitedHealth, HDFC Life Insurance,

SBI Life Insurance.

Traditionally, stock insurers have been called nonparticipating insurers because policyholders do not participate in the profits of the insurer, and thus do not receive dividends.

A stock insurer distributes profits to shareholders in the form of dividends. Alternatively, it may utilize profits to pay off debt or reinvest them in the company.

It should be noted that a stock insurance company is different from a mutual insurance company; A stock insurance company is owned by its shareholders. It may be privately held or publicly traded. While a mutual insurance company is owned by its policyholders.

02/09/2025

Variable Annuity

An annuity is a contract between you and an insurance company in which you make a lump-sum payment or series of payments and, in return, receive regular disbursements, beginning either immediately or at some point in the future.

A variable annuity is a contract between you and an insurance company. It serves as an investment account that may grow on a tax-deferred basis and includes certain insurance features, such as the ability to turn your account into a stream of periodic payments. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments.

Variable annuity is different from fixed annuities in that, fixed annuities provide a guaranteed return. Variable annuities offer the possibility of higher returns and greater income than fixed annuities, but there is also a risk that the account of a variable annuity will fall in value.

The benefit of variable annuities is that it give the contract holder periodic payments for the rest of his or her life, which protects against the possibility of outliving other assets. Variable annuities are also tax-deferred investments, so you pay zero taxes on any income and gains from the annuity until you withdraw the money.

An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates.

29/08/2025

Producer OR Agent

It is an individual who sells, services, or negotiates insurance policies either on behalf of a company or independently.

Insurance producers are required to be licensed in their jurisdiction of operation in which they sell insurance. This may require passing an examination or meeting specific educational and/or ethical requirements.

Now I'm going to let you in on an industry secret “producers” and “agents” are really the same person. The term “producer” is more of an insurance industry term while “agent” is a more common term but both are used to identify the person you can contact to set up and officially start your policy.

There are basically two broad categories of insurance agents; independent insurance agents who work with every insurance company and Captive agents that sell insurance for one specific company, only. This particular insurance company is, typically, a “name brand” company.
Some of the responsibilities for Insurance Producers are:

-Ability to network and develop leads.

-Use lead lists to establish contact and schedule appointments.

-Meet with prospective clients.

-Meet with existing clients to perform annual reviews.

-Must conduct phone prospecting, face-to-face prospecting and through social media efforts.

If you're thinking of becoming a producer then you made the right decision.

22/08/2025

Risk Retention Group

A risk retention group (RRG) is a state chartered insurance company that insures commercial businesses and government entities against liability risks.

Risk Retention Groups (RRGs) are liability insurance companies owned by its members. RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state regulated guidelines. RRGs may be formed under a state's captive or traditional insurance laws.

Risk Retention Groups usually form in industries that face extremely high risks, such as medical and legal malpractice. In fact, medical malpractice coverage currently makes up the bulk of Risk Retention Group activity. Example: A group of 400 medical businesses are finding it difficult to obtain liability insurance coverage.

With Risk Retention Groups there is more stability of insurance as in fluctuating market conditions, a Risk Retention Group allows members to more accurately know what their insurance costs will be and to plan accordingly.

A key differentiator between the RRG and captive structure is that RRGs may only write liability coverage. The captive can write any coverage including buildings, contents, collision, cargo, warranty, cyber, etc. where the RRG will be limited to liability coverage only.

Adresse

Rue Franqueville, Immeuble SOCAREGI (Ancienne SONEL D’Akwa), 2nd Floor Door No 207 , Akwa Douala –
Duala
237

Téléphone

+237679269131

Site Web

http://benewinsurance.com/

Notifications

Soyez le premier à savoir et laissez-nous vous envoyer un courriel lorsque BeNew Insurance publie des nouvelles et des promotions. Votre adresse e-mail ne sera pas utilisée à d'autres fins, et vous pouvez vous désabonner à tout moment.