Personal Line

All risk


‘All risks’ insurance policy covers only those losses or damages, which arise due to fire or burglary or theft. It also covers losses due to accidental or unexpected circumstances. Since all risks policy covers a wide range of risks and perils, it is difficult for the insured to prove that he has incurred the loss.

This type of policy is especially suitable for valuables like jewellery, gold and silver articles, art and painting works, cameras, clocks, and other valuables.

All risk policy provides cover of indemnity for all damage to property of insured. But ‘All risks policy’ as the name suggests does not cover all the losses or damages.

Scope of cover

It covers property or any part of it described while get insured and belonging to insured which will be lost or damaged by any accident or misfortune unless excluded specifically basically cover precious goods.



Some of the basic exclusions include loss or damage:

  1. to property dispatched by ship or aircraft;
  2. or deterioration occasioned by any process of cleaning, alteration repairing or restoring;
  3. Caused by over-winding, mechanical or electrical breakdown.

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...


Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...


Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76