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The Madison MSME Combined Cover: A Comprehensive Shield for Your Business in Kenya



Micro, small, and medium-sized enterprises (MSMEs) are the backbone of the Kenyan economy. They account for over 90% of all businesses in the country and employ over 70% of the workforce. However, MSMEs also face a number of challenges, including limited resources, lack of access to finance, and exposure to a wide range of risks.

One way for MSMEs to mitigate these risks is to invest in insurance. However, the cost of multiple insurance policies can be prohibitive for many MSMEs. This is where an MSME combined cover comes in.

What is Covered by an MSME Combined Cover?

The specific coverage provided by an MSME combined cover will vary depending on the insurer. However, most combined covers will provide protection for the following:

  1. Fire: This includes coverage for damage to property caused by fire, lightning, and other explosions.
  2. Burglary: This includes coverage for losses incurred due to theft or attempted theft of property from the premises.
  3. All-risks: This provides coverage for a wide range of potential damages or losses to specified items, such as laptops, music systems, and TVs.
  4. Money: This provides coverage for the loss of cash, whether it’s being transported or stored on the premises.

Tips for Choosing an MSME Combined Cover

When choosing an MSME combined cover, there are a few things to keep in mind:

  1. Make sure the cover meets your needs. Be sure to review the policy carefully to ensure that it provides the coverage you need.
  2. Compare quotes from different insurers. This will help you to get the best possible price for your cover.
  3. Choose a reputable insurer. Make sure the insurer you choose is licensed and has a good track record.

Who Should Get a Madison MSME Combined Cover?

An MSME combined cover is ideal for any micro, small, or medium-sized enterprise in Kenya. It is particularly beneficial for businesses with limited resources, as it can help to save money on insurance premiums.

Benefits of a Madison MSME Combined Cover

There are a number of benefits to having an MSME combined cover, including:

  1. Reduced costs: As mentioned above, a combined cover can save MSMEs money on insurance premiums. This is because MSMEs are typically able to get a lower premium for a combined cover than they would for multiple individual policies.
  2. Comprehensive coverage: A combined cover provides a single point of contact for all insurance needs. This makes it easier for MSMEs to manage their risk portfolio and ensure that they are adequately protected against all potential risks.
  3. Peace of mind: Knowing that their business is protected against a wide range of risks can give MSMEs the peace of mind they need to focus on growing their business.

Additional Tips for MSMEs

In addition to getting an MSME combined cover, there are a number of other things that MSMEs can do to protect their businesses against risks, including:

  • Implement risk management practices. This includes identifying and assessing potential risks, and developing and implementing strategies to mitigate those risks.
  • Maintain good business records. This will help MSMEs to file insurance claims quickly and easily in the event of a loss.
  • Have a backup plan. This will help MSMEs to minimize disruption to their operations in the event of an unexpected event.

By following these tips, MSMEs can protect their businesses and ensure their long-term success.


The Madison MSME combined cover is a comprehensive and affordable insurance solution for micro, small, and medium-sized enterprises in Kenya. It can help MSMEs to mitigate risks and protect their businesses against a wide range of potential losses. Get in touch with us on 0709 922 616.

This article was written by the Digital Branch at Madison General Insurance Kenya.

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