Burglary

An insurance policy designed to cover losses from a burglary. The act primarily involves unlawfully entering a building with criminal intentions but is not classified as theft.

Property

Our property insurance policy provides financial reimbursement to the owner or tenant of a structure and its contents, in the event of damage or theft.

The policy also encompasses homeowner’s insurance, tenant’s insurance, flood insurance and earthquake insurance.

Personal property is generally covered by the policy held by a homeowner or tenant.

Marine

This policy includes coverage against loss of or damage to a ship and in-transit cargo. Any loss or damage incurred over waterways, land and air is a part of the cover.

• Marine Cargo Insurance

Marine Cargo Insurance will cover all the Import / Export shipments on an All Risks basis (As per Institute Cargo Clause (A) ) or on restricted cover basis. Or on the restricted cover (as per Institute Cargo Clause (C) or Institute Cargo Clause (B)).

• Marine Hull Insurance

This type of insurance covers all marine vehicles such as rowing boat or huge ocean-going tankers. MARINE HULL INSURANCE will cover the vessel, including hull, machinery, gear and equipment against loss or damage from specified perils. This policy also covers Liability to certain limits.

Group Life

We aim to offer cost-effective insurance based solutions that provide a lump sum payment or income replacement in the event of an employee’s death, permanent disability or temporary incapacity caused by an accident or sickness.

Group Life and Personal Accident Policy

Under the basic cover of a a Group Life policy is accidental / natural death of the insured person anywhere in the world.

However, this can be extended to include Permanent Total Disability and Permanent Partial Disability and Temporary Total Disability following an accidents and/or sickness.

The benefit limit per employee can be selected.

The Workmen's Compensation insurance while providing benefits against industrial injury and death excludes natural death and is limited to the UAE.

Therefore, it is recommended that this cover be taken either as an extension of Workmen's Compensation insurance or independently as a standalone cover.

Several options within this category are available.

Key Man Insurance

This insurance covers disruption in business due to loss or impairment of key employees.

The covers allows companies to insure against death or illness of key persons in the organization whose continued presence is essential for continuance of the operations and is most commonly bought to cover partners in a business.

The identified Key employees’ can be covered under this policy.

Travel Insurance

This insurance policy covers emergency medical expenses and other losses (including baggage loss, personal liability, etc.) incurred while traveling, either within one's own country, or internationally.

An annual policy of this nature could prove to be cost effective for employees who travel on a regular basis.

Package Policies – Jeweler’s Block, Banker’s Blanket, Office package, etc

The range of specialized packaged insurance policies like the Jeweler’s Block Insurance policy, Bankers Blanket Bond are designed for specific industries/ trades. These policies can be customized to suit the specific needs of your business.

 

Property All Risks

This is a broader form of cover compared to the standard Fire and Allied perils policy.

This “All Risks” policy incorporates accidental loss destruction or damage to the property subject to specified exclusions.

It also covers Fire, Lightning, Allied Perils and Burglary.

Fire & Allied Perils and Burglary

The policy protects your property against the threat of Fire, Lighting, Explosion, Storm, Tempest, Flood, Burst Pipe, Malicious Damage, Earthquake, Aircraft Damage, Riot & Strike, Impact damage, Burglary etc.

Business Interruption (Following Fire / PAR)

The policy covers loss of gross profits or revenue which may result from a reduction in the turnover following a loss under the material damage policy (Fire or Property All Risk policy)

Electronic Equipment Insurance

The policy covers material damage to the Electronic equipment, increased cost of working following damage to the equipment and additional (clerical) costs incurred for reinstatement of the lost data.

All portable electronic equipment can be covered for insured losses anywhere in the world as well.

Machinery Breakdown Insurance

This policy covers expensive machinery against sudden unforeseen breakdown (excluding breakdown due to wear and tear).

This insurance shall pay for repairs / replacement of the machinery and/or its parts following a break-down.

Loss of Profit Insurance following Machinery Breakdown

The Machinery Breakdown Loss of Profit Insurance protects the loss of gross profit and/or increased cost of working due to a continuing interruption to business caused by a breakdown covered by the Machinery Breakdown insurance.

The disruption usually comes in the form of time spent in arranging repairs or awaiting delivery of repaired or replacement parts (sometimes from overseas).

• Deterioration Of Stock

In the case of a large number of frozen items kept in a cold store, it is advisable to insure them with this type of insurance that covers deterioration/damage of cold storage products in the event of power failure or a breakdown of the refrigerating machinery. However, it is important that the refrigerating machinery should have a Machinery Breakdown insurance for Deterioration of Stock insurance to be considered.

• Contractor's Plant And Equipment

CONTRACTOR'S PLANT AND EQUIPMENT will provide an All Risk cover to all our clients’ plant and machinery.

• Fidelity Guarantee

We are in a world where in spite of stringent controls and systems, businesses may suffer heavy financial losses due to dishonest or fraudulent acts of its employees. Such losses sustained our client organization can be covered by Fidelity Guarantee Insurance.

• Goods In Transit

This type of insurance will provide cover for transported stocks, carried by road within a particular geographical area. The policy can be obtained either in an All Risk Basis or on a more restricted basis.

Restricted basis will cover the damage that occurs to the cargo in the event of Fire, Accidents, or explosion.

• Contractor's All Risks - Annual / Single

This policy is for the Contractors who takes up civil projects on an ongoing basis. The annual policy can be for one single project or all similar projects./p>

• Erection All Risk - Annual / Single

This policy is for the Contractors who takes up & execute mechanical projects on an ongoing basis. The annual policy can be for one single project or all similar projects.

• Political Violence

Political risk insurance can cover many possibilities; it protects against any damage to physical assets due to any political violence such as civil unrest, riots, Strikes, Terrorism, sabotage or acts of malice.

Also, it can be provided on the restrictive basis to cover the risks arising out of Terrorism Sabotage only.

• Boiler Explosion Policy

Boiler Explosion Policy provides cover for boilers and pressure vessels in the factories against explosion or implosion. It covers damage to surrounding properties and liabilities such as injury to third parties or damage to third party property.

 

Money Insurance

Money insurance policy provides comprehensive All Risk insurance coverage for cash at the sales counters/premises during business hours and within locker safes outside office hours while being carried from one location to another.

Public Liability

Public Liability Insurance covers any loss or damage to Third Party Property and/or death, bodily injury due to any activities by the insured, at the premises or within the territorial limits defined under the policy. This also covers money / stock belonging to the Insured and any financial losses sustained by the insured due to any acts of fraud by the employees. The Fidelity Guarantee policy provides cover against such eventualities.

Credit Insurance

Credit insurance provides the protection against any loss occurred in the event of a customer failing to pay the trade credit debts. The loss can be as a result of the customer becoming insolvent or in case he/she fails to pay within the agreed credit period.

 

Public Liability

Public Liability Insurance covers any loss or damage to Third Party Property and/or death, bodily injury due to any activities by the insured, at the premises or within the territorial limits defined under the policy.

Product Liability

Product Liability Insurance covers any loss or damage to Third Party Property and/or death, bodily injury due to the use of products manufactured, sold or supplied by the insured.

Comprehensive General Liability

This policy is an umbrella cover designed to protect the insured against legal liability to third parties arising due to any of their business activities. The policy covers all liability exposures of a business such as Public Liability, Product Liability, and Employer’s Liability unless specifically excluded.

Product Recall Insurance

Product Recall Liability Insurance compensates the insured for those sums that the insured is obligated to pay for a defective or contaminated product. The policy covers any damage or loss incurred due to removal or disposal of the Product that is manufactured, sold, marketed, or distributed by the insured. Product Recall Insurance is typically provided as an add-on to a Product Liability Insurance policy.

Employment Practices Liability

An Employment Practices Liability provides protection to employers against litigations for racial abuses, sexual harassment, gender discrimination, etc.

Directors And Officers Liability

This type of Liability Insurance protects the Directors and Officers against catastrophic financial loss by protecting the personal assets. The policy provides reimbursement to the organization whenever required or permitted by law to compensate the Directors or Officers for their losses.

Workmen's Compensation Insurance/ Employer's Liability

This type of insurance covers employees against work-related accidents. An Extension cover available includes non-work related Accidental Death and Permanent Total Disability.

The compensation is provided as per UAE Labour Law benefits, and the policy can be extended to include Employer's Liability which covers common law liability of the employer towards employees.

Professional Indemnity

This cover will provide compensation to professionals for Legal costs and expenses incurred due to negligent acts, errors, breach of duty or omission and can be arranged as an annual policy or on project specific basis.

Protection And Indemnity

Protection and Indemnity insurance, commonly known as P&I, is taken by ship owners/operators. The type of insurance can be compared to Third-Party Liability cover on a motor vehicle and includes Third Party Liability, Pollution Liability, Collision Liability, and Liability to seamen, etc.

Medical Malpractices / Errors & Omission Insurance

This type of insurance covers all the claims that medical professionals are exposed to, regardless of whether any such error/negligence has occurred. The litigation costs are high in case of any malpractices or errors such as Death or Injury of Patients due to Negligence, Error, and Omission; for this reason, the right medical malpractice insurance plan is mandatory to all health & medical professionals and clinics.

Ship Repairers Liability

Ship Repairers Liability Policy provides protection against the financial obligations caused by carelessness/negligence.

Coverages included are liability resulting from:

• Loss/damage to the ship in the care custody of the insured
• Loss of cargo on or discharged from the ship being repaired
• Loss/damage to third party property as a result of repair operations
• Loss/damage to equipment removed from the vessel for repair

Transport Related Liability

The policy covers Transporters legal liability while transporting goods which are under custody or control including liability arising out of warehousing activities. Organizations in the transportation industry are exposed to a variety of risks that include exposures like the liability for damage to cargo, third party liabilities, errors and omissions, liability to authorities, etc.

Environment Liability

Environmental liability insurance provides protection from injury, property damage, and remediation expenses arising out of the release of contaminants into the environment.

Coverage is usually taken by mining companies, dry cleaners, petroleum, chemical companies, medical facilities and many others.