Public Liability Insurance

To indemnify the Proposer in respect of his legal liability for accidental death of or bodily injury to Third Party persons and loss or damage to Third Party Property arising out of the Proposer’s business or occupation.

Property Insurance: All Risk

This policy offers comprehensive cover for industrial units, commercial properties against all risks (including accidental damage) excepting those specifically excluded under the policy. There are two types of policies:

  1. Accidental damage policy mainly for commercial property.
  2. Industrial all risks policy mainly for industrial units.

However, both policies specifically exclude any consequential loss.

  • The property is mainly occupied as offices. Hence this cover is provided to protect the client against fire mainly but will extend to cover accidental damage / breakage of glass / natural catastrophes & theft up to a certain limit.
  • This is an all risk cover resulting in damaging the property of the insured other than specifically excluded, this is a Fire policy including Theft / Accidental damage /  breakage of glass by default.

Property Insurance: Fire and Additional Perils

This policy provides indemnity for material damage to the insured property resulting from various perils such as fire and lightning, explosion/implosion, impact damage, aircraft damage, bursting / overflowing of water tanks/pipes/ apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, riots, strikes, malicious damage and earthquake, burglary/theft following upon actual forcible and violent entry or exit from the insured premises.

  • The property is mainly occupied as offices. Hence this cover is provided to protect the client against Fire mainly but will extend to cover / natural catastrophes & theft up to a certain limit.
  • This will cover the insured against Fire and named perils such as flood / natural catastrophes, this type is more controllable when underwriting a risk.

Professional Indemnity Insurance for Stock Brokers

Professionals are considered to be possessing expertise in their line of profession and should exercise proper care while offering the services to their clients. However, as human error cannot be always eliminated, errors and omissions do creep-in in some cases, leading to claims against the professionals for any of their errors or omissions or negligence which may cause financial loss to their clients.

Money Insurance

This insurance policy provides cover against loss of money (Cash bank and currency notes, cheques bankers, drafts money orders, securities for money current postage and revenue stamps and unexpired units in franking machines all belonging to the Insured or for which the Insured is responsible):

  1. whilst in transit.
  2. whilst on the insured’s premises specified in the schedule.
  3. whilst in a residence of any principal or director or employee of the insured.

This insurance also provides the following extensions:

  • Personal accident assault
  • Loss or damage employee clothing and personal effect
  • Loss or damage to safes

Fidelity Guarantee Insurance

This insurance policy provides cover against financial loss sustained by the insured as a result of acts of fraud or dishonesty committed by the employees of the insured, in the course of their employment. This policy is suitable for covering the dishonesty of employees in the positions of cashiers, accountants, storekeepers etc who handle cash/ stocks of the insured.

Crime Bond Insurance

This coverage provides insurance protection on behalf of the insured persons against loss of money, securities, or other property, due to the fraudulent or dishonest acts of employees.

Dishonest acts may be committed by any person while acting alone or in collusion with others. Dishonest acts must exhibit the intent to cause the insureds loss or to obtain financial benefit for themselves or others.

Theft Insurance

This insurance policy provides cover against loss or damage of your stocks, furniture, fittings, and all other contents of your shop or business establishments against burglary (theft arising due to violent and forcible entry into or exit from your premises). The damage caused to the premises would also get covered.

Business Travel Insurance

This policy offers cover to the insured, during his / her travel abroad, against the losses suffered by them from a host of eventualities viz., cancellation/ curtailment of trips, missed departure, emergency medical expenses, personal accident benefits, loss of baggage, delay of baggage etc. This policy is designed to offer a comprehensive protection to travellers from travel related risks.

Emergency medical cover under a standard policy is offered up to SR. 3,000,000 per person; and the insured person would also get round the clock assistance from our overseas service providers “UHC Global” around the world, for any claim related services.

Sabotage & Terrorism Insurance

This policy covers any damage and loss to your business premises operational or under construction and erection. We can also offer insurance cover to the structure and / or contents of your home against the acts of terrorism. Loss of income and additional expenses can also be covered.

Contractors’ All Risks Insurance

Contractors’ all risks (CAR) policy is specifically designed to protect the interest of contractors, principals, sub contractors, in respect of civil engineering projects like construction of buildings, bridges, road works, etc. It provides an “all risk” cover. Every risk is covered unless it is specifically excluded.

  • This policy can be issued in the joint names of the contractor & the principal to comply with the insurance requirements of the contract.

Marine Cargo Insurance

Marine Cargo (Sea, Air and Land) insurance provides cover for loss or damage to goods in transit either within KSA or imports/exports to and from KSA or a combination of both. Marine Insurance can be provided on “All Risks” or restricted cover basis. Open cover and Single Transit policies are available.