Property & Commercial

Property Insurance

Business involves capital investment and, protection of your investment in buildings, machinery, stock and other contents are important for the healthy and long-term sustenance of your organization. Our property insurance solutions offer peace of mind with appropriate coverage with timely claims assistance in the event of a misfortune.

  • Fire Insurance – Our standard Fire policy covers the risk against Fire and lightning only – the basic cover. However, there are ‘add on perils’ such as Explosion, Earthquake, Storm, Tempest, Flood and the like which can be added.
  • Property All Risks Insurance – Our policy offers wider coverage than a standard Fire policy and your assets are covered under this policy for accidental, physical loss and/or damage. Please ensure that your properties are covered adequately to avoid under insurance.
  • Business Interruption / Loss of Property – Our policy covers loss of revenue / gross profit following damage to your property covered under your Property All Risks insurance policy. This policy should co-exist with your Property All Risk Insurance and cannot be taken on a stand-alone basis. The additional covers offered under this policy include cover for Standing Charges and Increased Cost of Working.


Risks associated with the execution of construction or erection projects are varied. We have specialists in engineering insurance who scrutinize project proposals for risk patterns that may affect your project execution plan. Our vast collective experience in this specialist discipline ensures that your project risk is adequately insured with us.

  • Contractor’s All Risk’s Insurance – Our policy is designed to insure construction of civil works and coverage is offered under two sections. Section One covers Material Damage i.e. sudden and unforeseen physical loss or damage to the Works and Section Two covers Third Party Liability i.e. your legal liability resulting from death or bodily injury or property damage to a third party caused by an accident at the Contract Site.
  • Erection All Risk’s Insurance – Our policy is designed to insure projects majorly involving machinery / plant erection works and the coverage offered is under two sections similar to a Contractors’ All risks Insurance. This policy also covers the testing of the machinery and plant which is a major risk factor in such projects.
  • Contractor’s Plant And Machinery Insurance – Our policy is designed to cover Plant & Machinery including Cranes and other construction equipment against any unforeseen and sudden physical loss or damage. The policy is normally incepted on an annual basis and it is important that machinery is covered on new replacement value basis to avoid under insurance.
  • Machinery Breakdown Insurance – Many companies across a range of industry sectors have plant and/or machinery that is essential to the running of their business. When these machines suffer a breakdown or another form of loss or damage it can result in unexpected and costly repair bills. Our policy covers this indemnity due to such breakdown of machinery.
  • Machinery Breakdown Loss of Profits Insurance – Wherever a business suffers sudden and unforeseen damage to its machinery there will be a resulting financial loss. A Machinery Business Interruption insurance policy provides protection against these financial losses thereby assisting the business to recover once the damage is repaired.
  • Electronic Equipment Insurance – Many trades rely extensively on electronic equipment. With this reliance comes the need to protect against material damage and subsequent financial loss. Our Electronic equipment insurance will cover these losses with respect to computers, servers, printers and the like.
  • Deterioration of Stock Insurance – Wherever there is storage of goods in a refrigerated environment there is the risk of damage from a variety of causes. For example; there may be a failure in the power supply or simply a breakdown. This could result in a rise or fall in temperature. Our Deterioration of Stock insurance policy provides protection against deterioration due to unforeseen and sudden physical loss of or damage to the machinery specified in the policy schedule.
  • Boiler And Pressure Plant Insurance – Our policy is designed to cover various types of boilers and pressure plant against the risk of any loss and/or damage due to explosion or collapse.
  • Advanced Loss of Profit Insurance – Our policy is designed to protect projects from financial loss that arise out of unexpected delays due to insured events during the construction or erection phase of the project.

Third Party Liabilities

Business in the Middle East is increasingly exposed to legal liability claims as society becomes more legally aware and litigious. Our portfolio of Liability insurance products are designed to cover this exposure arising out of business operations.

  • General Third Party Liability Insurance – Our policy offers indemnity for sums which you are held legally liable to pay as damages resulting from accidental death or bodily injury of any third party person or accidental damage to third party property happening in connection with your Business during the policy period. This policy can either be incepted for a specific project or on an annual basis. This is also called a Commercial General Liability or Public and Products liability insurance.
  • Professional Indemnity Insurance – Our policy offers indemnity for sums which you are held legally liable to pay as compensatory damages arising from claims first made against you during the period of insurance in respect of negligence in the conduct of your professional practice. This policy is normally purchased by designers and consultants and can be incepted either for a specific project or on an annual basis. However, we cover many professions such as Accountants, Lawyers, Brokers and many more.
  • Directors & Officers Liability Insurance – Our policy covers personal legal liability of Directors and Officers of a Company resulting from wrongful act while working for the Company. Employees acting in a managerial / supervisory capacity are considered to be Officers and their acts would also be covered under this policy. Directors and Officers can be subject to law suits resulting from failure to properly execute their duties and such law suits can be due to allegations of power abuse, mismanagement and the like. Law suits are instituted against Directors in their personal capacity and their personal liability is unlimited. Such law suits can be filed by stake holders such as shareholders, competitors, customers, creditors, financial institutions, regulators, employees etc.

Workmen’s Compensation Insurance

This policy offers cover for employees as per the provisions of Omani Labour Law covering work related accident and occupational diseases. All employees are required to be covered under this Policy including the top management. This policy is normally incepted on an annual basis and can be extended to include cover for Employer’s Liability as per Shariah / Common Law.

General Accident Insurance

  • Money Insurance – Our policy is designed to cover money against loss, destruction or damage whilst being kept in premises in a locked safe or in strong-room by housebreaking or burglary or by hold-up. Our policy also covers money whilst in transit under the custody of your employees from your premises until arrival at the place of disbursement.
  • Fidelity Guarantee Insurance – Our policy is designed to cover loss directly sustained by your Company resulting from forgery or embezzlement, larceny or fraudulent conversion of money or goods belonging to your Company by your Employees. Normally, employees handling cash, accounts and inventory are covered under this policy.
  • Personal Accident Insurance – Our policy offers worldwide cover for your employees on a 24 hour basis against death or bodily injury resulting from an accident. The compensation provided is based on the sum insured selected by the Company in respect of the life assured at the time of policy inception.
  • Bankers Blanket Insurance – Bankers Blanket is a package policy designed for financial institutions such as banks and exchange houses. Our policy offers cover under various sections which includes infidelity by employees, loss of cash in premises & while in transit, loss by forgery and counterfeit currency and more.
  • Jewellers Block Insurance – Jewellers Block is a package policy designed for Jewellers and this policy covers loss of merchandise in premises within vault, outside vault during business hours & while in transit.

Apart from the above, we also offer various other specialist classes of insurance like Event Cancellation, Hole-in-One, Trade Credit, Kidnap and Ransom, Terrorism, etc.