All Risks of physical loss and damage including theft following forcible entry / exit from the premises.

The policy also covers any accidental damage to the property. As the name suggests, the cover is basically on an All Risks basis with a few specified exclusions.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Description of the property to be insured
• Detailed Break-down sum insured by location
• Claims experience for at least five past years

The Loss of Profit policy covers loss of profit / additional cost of working following operation of a peril insured under the Property Policy.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Indemnity period and business interruption calculation
• Claims experience for at least five past years
• Copy of Contingency/ business contingency plan

It protects the interest of contractors involved in civil, mechanical, or electrical contracts like construction of buildings, bridges, towers …etc. against their exposure to loss, damage, or liability by a variety of external and internal causes during the course of construction.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Project detailed scope of work
• Project bar chart / time schedule
• Site Layout

The scope of cover is like the Contractors’ All Risks Insurance but specifically designed for Erection/Installation projects, where the values of the plant/equipment to be erected dominate the contract value.

•  Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Project detailed scope of work
• Project bar chart / time schedule
• Site Layout
• List of machinery to be erected with specification, values and country of origin

Loss or damage to any Plant and Equipment owned by the contractor like excavators, cranes, shovels…etc. by any accidental cause (not excluded in the policy wording) occurring:
a) Whilst the Plant/Equipment is situated at any premises of the Insured
b) During loading unloading or transit other than by sea or air

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• List of equipment
• Claims experience for at least three past years

It covers loss or damage to fixed and/or non-mobile plant and machinery due to any unforeseen and physical loss or damage to machinery from causes not excluded anywhere in the schedule and/or policy wording.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• List of machinery
• Claims experience for at least five past years

Loss of Profit / Interruption or interference of the business resulting from an admissible claim under the Machinery Breakdown (Material Damage) Policy insuring the physical assets of the Insured

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Indemnity period
• Claims experience for at least five past years

To cover Insured’s legal liability for loss or damage to Third Party Property and/or death / bodily injury to Third Parties arising out of insured’s activities at disclosed premises or within the territorial limits defined under the policy

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Limit of Indemnity
• Claims experience for at least three past years

To cover Insured’s legal liability for loss or damage to Third Party Property and/or death / bodily injury to Third Parties arising out of use of products manufactured / supplied by the insured

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Limit of Indemnity
• Claims experience for at least three past years

It defines the compensation that is payable by an employer to his employees following injuries caused by work-related accidents. The coverage may be extended to include Employer’s Liability, which will cover liability under common law

•  Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Estimated annual wages
• Claims experience for at least three past years

The policy is designed to protect against loss of money whilst on the premises, in locked safes/counters/drawers/cash registers during business hours; in a locked safe, whilst in transit during the course of transit between specified locations on direct trips by authorized employees

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Number of Safes, their make, dimensions and precise location to be advised well before the inception of cover.
• Claims experience for at least three past years

Indemnity to the Insured against loss that the Insured may sustain directly caused by fraud or dishonesty of any employee named or declared for insurance within any time during the period of insurance

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• List of employees with limits
• Claims experience for at least three past years

Compensation, payable in respect of the benefits covered death and / or injury to an insured person solely and directly caused by violent, accidental, external and visible means.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• List of employees with a limit of benefit required
• Claims experience for at least three past years

Group life insurance plan is taken out by the employer for a group of employees. Its purpose is to provide the employees with various financial benefits in the event of sudden disability or death.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• List of employees with a limit of benefit required
• Claims experience for at least three past years

Comprehensive All Risks cover including Act of God perils like Hail, Storm Flood and the like with no depreciation on spare parts in the event of a partial loss.
Settlement of total loss claims on Market Value or Insured Value whichever is less.

As an additional option, cover can be extended to include Personal Accident benefit to Driver and Passengers up to full seating capacity of the insured vehicle. The maximum benefit level will be SR.100,000/- per person.

• Documents required to issue a formal quotation:
• List of vehicles including their make, model, seating capacity, value…etc.
• Claims experience in the unified format from the previous insurance company for at least the past two years.

Legal liability to third parties in respect of death or bodily injury or damage to property caused by the use of the motor vehicle insured.

As an additional option, cover can be extended to include Personal Accident benefit to Driver and Passengers up to full seating capacity of the insured vehicle.  The maximum benefit level will be SR.100,000/- per person.

• Documents required to issue a formal quotation:
• The list of vehicles includes their make, model, seating capacity …etc.
• Claims experience in the unified format from the previous insurance company for at least the past two years.

Open policy is usually issued for export/import shipments. It is a continuous contract affected for a period of 12 months, whereby the insurance company agrees to provide insurance cover to all shipments coming within the scope of the open policy. As and when shipments are declared, certificates are issued as evidence of the contract.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Claims experience for at least three past years

As per the Land Transit Clause, the cover is against damage to the material following an accident to the vehicle carrying the material, fire, breakage of brides and accidents of similar nature. The policy also covers any damages during loading / unloading operations.

• Documents required to issue a formal quotation:
• Completed proposal form (specimen attached)
• Claims experience for at least three past years

A Shari’ah compliant plan designed to offer protection to Banks and similar financing/ leasing companies from suffering any loss due to the untimely death (God forbid) of its Borrowers. As for the Group Care, this plan also offers related additional benefits including but not limited to Total Permanent Disability.

The benefit is equal to the outstanding principal amount at date of death or disability and ensures full settlement of the account of such Members thus eliminating any financial risk or loss to the Banks or similar leasing/ financing companies at such time.