The Botswana Insurance Company’s story is one rooted in local ownership and investment since its incorporation on the 12th August 1975. It was formed for the purpose of transacting general and life assurance business. The original shareholders were Botswana Development Corporation holding 51% and J.H. Minet & Company Limited of London, holding 49%.  

We offer a wide range of Insurance options: 

Personal Insurance

Travel, personal accident, all risks, householders, houseowners & motor.

Commercial Insurance

Goods in transit, fire, professional negligence, workman compensation, business interruption & other policies.

Specialised Insurance

Directors & officers liability, pension fund & trustees liability, constructors all risks, material damage, third party liability & agricultural products While there has been a rapid growth in the number of small or medium-sized businesses in Botswana over the last few years, some of these will go out of business due to unforeseen circumstances that can be avoided. A significant amount of new business owners are unaware or fail to take seriously all the unexpected risks that owning their own business presents. There is a growing trend towards entrepreneurship as people in large companies face a slower career path and opportunities of funding are presented by Government & Financial institutions.

It is therefore imperative for the health of the Botswana economy that these businesses succeed. Unfortunately, while many of these people have great business ideas, they often come unstuck due to poor financial and risk management practices. One of the keys to running a successful enterprise is ensuring you have the necessary business insurances in place. When starting a new business, cash flow is always an issue. Unfortunately, in an effort to keep costs down, many small business owners choose to forego insurance cover, believing that they will just be extra cautious about providing customers with a safe environment, or in the way they treat their equipment and property. BIC strongly discourages any new business owners from taking this approach as it is simply impossible to avoid all pitfalls all the time.

competent pool of company volunteers can help companies and the community to prosper. At Botswana Insurance Company (BIC) we make sure that what we do in our communities is relevant and, more importantly, makes a real difference where it’s needed most. Our commitment to transformation, reconstruction and development is therefore integrated into a cohesive Corporate Social Investment (CSI) model that focuses on five main areas:

• Education
• Health and Welfare
• Road Traffic Safety
• Crime Prevention
• Conservation & the Environment

It also calls for input from our own people, because we’ve always believed that CSI is not only about handing out money. It’s about sharing our time and knowledge too. Our aim is to team with communities which we are part of, adding value by sharing our managerial, financial and strategic skills with them in order to help them achieve measurable progress, realise their vision of excellence and achieve positive significant change.

Employee involvement is a crucial part of our strategy; therefore we continuously encourage all BIC staff to participate in our CSI projects by sharing their skills and time with the community.

We have guidelines to ensure that CSI initiatives remain focused and benefit as many people as the budget will allow. To ensure these objectives are met, each request is thoroughly assessed and investigated before financial assistance is granted.

Our Vision

To be the insurer of first choice in the market we operate in.

Our Mission

To continuously provide our valued clients with services that surpass expectation.

Our Values

Integrity: To conduct our business in an honest, transparent and ethical manner.

Respect:

To show respect amongst ourselves and to everyone we deal with.

Communication:

To have clear communication channels.

Value Creation:

To make it worth for each stakeholder, providing value through flexible and innovative products and services.

Empowerment and Development:

Continuously develop, empower and recognise our staff through delegating authority with responsibility.

Team work:

To work together for the common purpose to a standard of excellence, demonstrating reliability and loyalty to the brand.