Arab Insurance Brokers
(Protecting Your Dreams)
Arab Insurance
Brokers, realize that the world is changing in all aspects of life, from global
warming to financial turbulences, even among the strongest economies.
We strongly
believe that when you buy insurance cover, you should be buying peace of mind.
Due to our
contacts, not only do we provide you with insurance covers from First Class
insurers, but also at cost effective insurance premiums.
What does an
Insurance Broker Offer?
Providing you
with complete protection can only be achieved successfully with the involvement
of a trusted insurance advisor.
Developing a
relationship with a trusted insurance broker offers numerous benefits:
Significant
product knowledge:
With hundreds
of insurers offering a variety of products across the country, it is impossible
for you and your company to stay updated on the options available.
Brokers are constantly assessing the insurance marketplace, and participate in
dozens of hours of continuing education each year in order to maintain a strong
depth of knowledge.
Pricing
awareness:
Brokers combine
their vast product knowledge with a regular assessment of pricing trends in the
insurance industry. A trusted broker is aware of options that may only be
offered by certain companies, and can also determine whether circumstances
around your company’s specific needs are likely to lead to significant pricing
changes from year-to-year.
Independence:
Insurance
brokers are independent, meaning they work with multiple insurers on your
behalf. These advisors are in a position to offer you numerous options
with variations in coverage, service levels, and pricing, all in consideration
of your specific needs.
Dispute
resolution:
Occasionally
difficulties can arise with obtaining insurance. When dealing with a
broker, you have an industry expert on their side who will work to develop a
solution for nearly any insurance issue.
Regular reviews
of your coverage: Insurance companies are constantly innovating their
products. The expertise that a broker brings to their craft means that
your company will benefit from frequent reviews of their insurance portfolio
Affordability:
Brokers are
compensated by the companies they choose to represent by way of
commissions. You generally do not pay separate fees for the numerous
services provided by brokers, as commissions are contemplated by insurance
companies when setting prices.
Your company
wouldn’t consider tackling a financial or technology issue without the use of a
qualified expert. Avoiding the advice of a trusted insurance broker could
leave you open to significant financial risk. Dealing with a qualified,
licensed insurance expert is the best way to receive comprehensive insurance
protection at the best possible price.
Among all
the insurance brokers in Middle East & Indian Sub Continent we
have a super-efficient, experienced, and professional team of insurance
brokers that are not only capable of suggesting the best suited
insurance policy for you but are also very honest and ethically responsible.
Arab Insurance
brokers are the best insurance brokers in the Entire Middle East as
they are highly informative, trained, and are prepared to help the clients get
their desired insurance plan. So if you seeking for insurance brokers
in Dubai, We have the finest team of insurance brokers available
in the insurance circuit of Entire Middle East.
Types of
Insurance
Motor Insurance
Personal Accident
Marine Transit
Property All Risk Insurance
Engineering
Liability Insurance
Travel Insurance
Personal Accident
Marine Transit
Property All Risk Insurance
Engineering
- Contractor All Risk
- Erection All Risk
- Machinery Breakdown
Liability Insurance
- Employers Liability
- Public Liability
- Product Liability
- Professional Indemnity
- Workmen's Compensation
- Money Insurance
Travel Insurance
Fidelity Guarantee
Medical Malpractice
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Motor Insurance
Motor Insurance
deals with the insurance of road vehicles. Third Party Liability covers the
legal liability of the person insured towards a third party who is injured or
killed in an accident or whose vehicle or property is damaged. Comprehensive
cover provides all the same legal liabilities as well as coverage of accidental
damage to the insured vehicle. Both Third Party and Comprehensive covers are
available with the option to include personal accident cover for passengers and
drivers.
Our Third Party
Liability policy satisfies the legal requirement for motor insurance in the
U.A.E.
Government
Regulations
Motor Insurance
has become an important aspect of everyday life. In today's human activities
there is tremendous risk of dangers to people and property. An Individual's
action could cause damages or losses that need to be compensated.
These
considerations have urged legislators to enforce Motor Insurance and make it
compulsory. According to United Arab Emirates Federal law No(21) of 1995
Motor Insurance against Third party Liability is compulsory for obtaining Motor
Vehicle Licence.
Furthermore, In
order to achieve the supervision and control of ministry of Economy and
Commerce on Motor Insurance, the Ministry issued Ministrial Resolution No.(54)
of 1987 to unify the vehicle insurance policies as follows:
" Vehicle
insurance policy issued by operating insurance companies in the UAE cover Loss,
Damage, Civil Liability as per the two forms attached to the
Resolution".
The Ministry
attached forms of such documents that were used with effect from 1st January,
1988.
Types of Motor
Insurance
The two types
of unified Motor insurance Policies cover:
1. Loss, Damage
and Third Party civil Liability (Comprehensive)
- Own damage to
the vehicle upto the declared value, less Excess & Depreciation.
- Death and /or
Bodily injury to any third party is unlimited, but as per court of law decision.
- Damage to
Third party property upto Dhs.500,000/- any one accident.
2. Third Party
Civil Liability (TPL)
- Death or
bodily injury and / or property damage to any third party as above.
Geographical
Area for Insurance cover is United Arab Emirates
Third Party
civil Liability Covers explained
The above two
types of motor insurance policies cover Death of or Bodily injury to any person
including the passengers in the vehicles EXCEPT the INSURED or the DRIVER at
the time of the accident and THEIR FAMILIES (SPOUSE, PARENTS and CHILDREN) and
the EMPLOYEES of the Insured.
Additional
Endorsement
Upon the
request of the Insured, the company, by way of additional endorsement attached
to the policy and within the limits of its provisions and conditions, may cover
the insured and his family and the Driver and persons working for the insured
against accident that may occur to any one of them.
We provide door
to door insurance coverage, protecting your goods from exposure that might
occur during your sea, air and/or land transportation, protecting each shipment
until it reaches its final destination and while in transit in between, against
various risks.
Marine & Aviation
We deal with all major risk categories in the Marine and in the Aviation lines. We secure covers from the best and most experienced markets in the world.
Personal Accident
Death,
injury or disability can have significant impact on business as well as on
families. Personal Accident cover will help to reduce the impact of such events.
Personal
Accident insurance in high risk territories can also cover medical evacuation
and repatriation expenses.
Property All Risk Insurance
· Storm, tempest and flood
· Water damage due to bursting or
overflowing of water tanks, apparatus or pipes
· Lightening
· Earthquake
· Malicious damage following SRCC
· Impact damage from third-party vehicles
· Standard explosion
· Aircraft
Business Interruption (LOP) - coverage pays for loss of net profit and fixed expenses
Burglary Insurance - covering loss of insured property following theft by forcible entry-Exist
Business Interruption (LOP) - coverage pays for loss of net profit and fixed expenses
Burglary Insurance - covering loss of insured property following theft by forcible entry-Exist
· Strikes, Riots, Civil Commotions (SRCC)
Engineering
Contractors'
All-Risks (CAR) Insurance
Protection
against loss or damage due to contract works, construction plant and equipment
and/or construction machinery. It also covers third party claims in respect of
property damage or bodily injury arising in connection with the execution of a
various construction projects. The policy will indemnify loss or damage due to
the following causes:
Fire,
lightening, explosion
Flood and
inundation
Windstorm of
any kind or Earthquake, Theft and/or burglary
Bad
workmanship, lack of skills, negligence, malicious acts or simply human error
Contractors'
Plant and Machinery (CPM) Insurance
It covers loss
or damage occurring at work, at rest, or during the maintenance operations. It
is not limited to a specific construction site.
Erection
All-Risks (EAR) Insurance
This offers
adequate protection against all risks involved in the erection of machinery,
plant and steel structures of any kind, as well as third party liability in
respect of property damage or bodily injury arising in connection with the
execution of an erection project. The insured under EAR policy is
normally:
· The manufacturer or supplier of
machinery or plant if he carries out the erection work or is responsible for it.
· The firm commissioned with erection
work.
· The purchase of the machinery or plant
to be erected.
The policy will
indemnify loss or damage due to the following causes:
· Fire, lightening, explosion
· Flood and inundation
· Windstorm of any kind
· Earthquake
· Theft
· Faults in erection
· Negligence, lack of skill, lack of
experience, malicious acts.
· Short-circuiting, arcing, excess
voltage
· Excess pressure or vacuum, tearing
apart on account of centrifugal force
· Any other unforeseen events such as
loss or damage due to collapse, fall of foreign objects, on-site transport
of items to be erected and so on
Liability Insurance
Today, with the
development of the judicial system, neither an individual nor a corporate can
escape legal liability. Liabilities may arise in one of the following ways:
Out of personal
negligence
As an employee
of an organization towards employees
In public in
respect of bodily injury or death
Damage to
property
Out of goods
sold or supplied
During the
process of conducting business
Professional
negligence
Errors or
omissions that lead to financial loss
Employees
Employees are
regarded as the most valuable asset of any organization. The UAE Federal Law
no. 8 of 1980 (amended from time to time) stipulates the employer’s liability
in the event of an accident whilst in employment. Although the law does not
enforce insurance protection, employers are obliged to insure against their
liabilities under the Federal Law as well as under Common Law or Shariah Law.
Group Life
Insurance Policies can be designed with benefits to match individual needs as
well as to cover obligations under the Federal Law and Liability arising under
Common Law or Shariah Law. The cover can be provided on a 24-hour worldwide
basis with additional benefits of repatriation and accidental medical expenses.
Public
Companies may
be exposed to the following risks directly or indirectly responsible for the
liabilities that arise from them:
Accidental loss
of, or damage to, any third party’s property
Any accidental
bodily injury
Any disease
contracted during the course of your business activities
Damage to the
buildings you occupy as tenants
Loss of, or
damage to, the goods in your care and custody
Employees being
exposed to ‘work away’ risks if they have to go out of the premises for their
work.
Liabilities
arising out of the food & drinks served by you
Liabilities
arising out of the goods sold, supplied, serviced or manufactured by you
These risks can
be insured under a Public Liability Policy suitably extended to
include your specific needs covering Work Away Risks, Tenant’s Liability or
Product Liability.
Products
A product is
defined as any physical item “fit for purpose” that is sold or given away.
As a supplier,
you may be legally responsible for any damage or injury that a product you
supply may cause. Claimants are likely to claim from you, despite the fact that
you are not the original manufacturer of the product.
The Products
Liability Insurance covers legal liability arising out of a defective
product manufactured and having left the insured’s premises, as opposed to
the Public Liability Insurance which covers risks within the premises.
Professional
The world in
which professionals operate is one of ever increasing pressure, with demands
for quick answers and cost effective solutions. Working in such a stressful
environment can result in errors and omissions by the professionals, which may,
in turn, result in a claim. This factor together with the litigious nature of
the society underscores the need for protection against potential lawsuits,
both for clients and professionals. Some of the professionals generally exposed
to these risks are architects, consulting engineers, doctors, lawyers,
accountants, etc.
Professional
Indemnity Policies are slightly complex in nature and often require
endorsing them to suit specific needs. It is hence, absolutely critical to seek
professional help in designing such an insurance policy.
Medical
Insurance
