ICEA LION BizBora Business Insurance: Comprehensive Protection for Kenyan SMEs
Running a small or medium-sized business in Kenya is both rewarding and challenging. From bustling retail shops and bakeries to innovative salons and cyber cafes, every business faces risks that, if left unmanaged, can threaten years of hard work and investment. The right insurance is not just a safety net—it’s a strategic tool for resilience and growth.
ICEA LION BizBora Business Insurance offers a flexible, all-in-one solution designed for Kenyan SMEs. And with Step by Step Insurance as your advisor and broker, navigating, customizing, and managing your coverage becomes seamless and stress-free. This article explores what BizBora covers, why it matters, and how Step by Step Insurance can help you secure the best protection for your business.
Key Takeaway
ICEA LION BizBora Business Insurance offers a flexible, all-in-one solution for Kenyan SMEs, combining seven essential covers into one policy. With Step by Step Insurance as your broker, you get expert guidance to customize and manage your coverage, ensuring your business is protected against common risks like fire, theft, liability, and employee injuries.
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Why Business Insurance Matters for Kenyan SMEs
Every business owner knows that risks are part of the game. Fires, theft, legal claims, employee injuries, and even a simple slip-and-fall can turn into major setbacks. In Kenya’s dynamic business landscape, these risks are amplified by urban crime, unpredictable weather, and evolving regulations.
Without insurance, a single incident can wipe out not just your profits but your entire business. That’s why comprehensive business insurance isn’t just a legal or financial requirement—it’s a vital investment in your business’s future.
What Is ICEA LION BizBora Business Insurance?
BizBora is ICEA LION’s answer to the complex needs of Kenya’s SMEs. It’s a combined policy that brings together seven essential insurance covers under one package. Whether you run a boutique, a grocery store, a bakery, a salon, or a cyber café, BizBora lets you select only the covers relevant to your business, combine them into a single policy, and pay one premium.
The result? Simplicity, flexibility, and comprehensive protection—without the paperwork headache. Step by Step Insurance works alongside you to assess your risks, explain your options, and ensure you get the right mix of covers, all while handling the details so you can focus on running your business.
Key Features and Benefits of BizBora—And How Step by Step Insurance Adds Value
- Flexibility: Choose only the covers that fit your business needs
- Customization: Combine selected options into a single, tailor-made policy
- Convenience: One premium, one policy document, one renewal date
- Non-motor focus: Covers all your non-vehicle business risks
- Expert Guidance: Step by Step Insurance helps you understand, select, and manage your covers
The Seven Sections of BizBora Insurance Coverage
A. Fire & Perils
What’s Covered: Loss or damage to your building and/or contents from fire, explosion, lightning, earthquake, riot, strike, malicious damage, storm, flood, burst pipes, and impact.
Who Needs It: Both landlords and tenants. If you’re a tenant, coverage can be focused on your assets—machinery, electronics, stock, furniture, and fixtures.
Step by Step Insurance’s Role: They help you assess your property risks, value your assets accurately, and ensure you’re neither under- nor over-insured. If your business grows or you move, they’ll update your policy so you’re always protected.
B. Burglary
What’s Covered: Loss or damage due to theft or attempted theft involving visible, forcible, and violent entry or exit.
Exclusions: Losses caused by staff or household members, or due to negligence.
Why It Matters: Urban businesses, especially those with valuable electronics or inventory, are prime targets for break-ins.
Step by Step Insurance’s Role: They guide you in listing and valuing assets, help you understand exclusions, and ensure your policy matches your security setup.
C. All Risks
What’s Covered: Accidental loss or damage to portable business property used off-premises—think laptops, phones, cameras, projectors, or workshop tools.
Why It Matters: Today’s businesses are mobile. Whether you’re pitching to clients or working remotely, your portable assets are exposed.
Step by Step Insurance’s Role: They advise on asset scheduling, help you document offsite usage, and ensure claims are smooth if something goes wrong.
D. Public Liability
What’s Covered: Legal liability for third-party injury, death, or property damage—including legal expenses. This applies to clients, visitors, or anyone not employed by you at the time of the incident.
Examples: A customer slips on a wet floor, or a contractor is injured during a site visit.
Step by Step Insurance’s Role: They help you set appropriate liability limits, extend coverage to offsite activities (like events or training), and keep your policy updated as your business evolves.
E. Money
What’s Covered: Loss of money in transit to or from the bank, or within your premises—including damage to safes and strong-rooms from theft or attempted theft.
Important Conditions:
- Money in transit over KES 200,000 must be escorted by more than two adults
- Amounts over KES 400,000 must be transported in a private vehicle
Exclusions: Fraud or dishonesty by employees, clerical errors, or losses from unforced entry.
Step by Step Insurance’s Role: They help you comply with security requirements, advise on best practices for cash handling, and support you during claims.
F. Work Injury Benefits Act (WIBA)
What’s Covered: Legal costs and compensation for employee injury, illness, or death during employment, as mandated by the Work Injury Benefits Act (WIBA) 2007.
Why It Matters: It’s a legal requirement in Kenya, and it protects both your staff and your business from the financial impact of workplace accidents. Learn more about WIBA Insurance Premiums in Kenya.
Step by Step Insurance’s Role: They ensure you’re compliant with statutory obligations, help you document your workforce, and keep your policy current as your team grows.
G. Employers Liability
What’s Covered: Compensation for legal liability under common or statutory law for employee injury or disease—including after the employer’s demise.
Why It Matters: Protects you from lawsuits and legal expenses if employees (or their families) seek damages for workplace injuries or illnesses. Business leaders should also consider Directors and Officers Liability Insurance.
Step by Step Insurance’s Role: They help you understand your exposures, set appropriate coverage levels, and navigate complex claims if they arise.
Essential Business Insurance Resources
| Resource | Description |
|---|---|
| Directors & Officers Liability Guide | Protect your leadership team from personal liability |
| WIBA Premiums Explained | Understand how employee injury premiums are calculated |
| Professional Indemnity Update | 2025 requirements for tenders and licensing |
Important Policy Details and Requirements
- Asset Listing: Under Fire & Perils and Burglary, you must list all insurable items
- Asset Updates: Notify ICEA LION immediately of any changes to your asset schedule
- Offsite Activities: Inform your insurer to extend Public Liability cover
- Money Handling: Follow stipulated security protocols for transporting cash
- Ongoing Management: Step by Step Insurance handles policy reviews and updates
For professionals, ensure you meet all Professional Indemnity requirements for your industry.
Who Should Consider BizBora?
BizBora is ideal for:
- SMEs and retail outlets (boutiques, bakeries, grocery stores)
- Service businesses and non-motor enterprises
- Business owners wanting customizable insurance
Step by Step Insurance helps you determine if BizBora is right for you and ensures you get the best value for your premium.
How to Get Started with ICEA LION BizBora—With Step by Step Insurance
- Contact Step by Step Insurance: Reach out for a free risk assessment
- Risk Assessment & Policy Design: Get recommendations for optimal coverage
- Documentation & Application: Assistance with forms and submissions
- Policy Setup & Management: Ongoing support for renewals and changes
- Claims Support: Guidance through the claims process
Conclusion: Secure Your Business’s Future—The Smart Way
Kenyan SMEs are the backbone of the economy, but they face real risks every day. ICEA LION BizBora Business Insurance offers a modern, flexible, and comprehensive way to protect your investment—whether you’re just starting out or scaling up.
With Step by Step Insurance as your trusted advisor, you get more than just a policy. You gain a partner who understands your business, helps you navigate the insurance landscape, and stands by you when you need support most.
Don’t wait for disaster to strike. Protect your business, your employees, and your peace of mind—today.
