Corporate & SME

Invest in the Future of Your Business: Safeguard Your Success with Us

Protect your assets and reduce your risk with personalized assessment and customized solutions

Insuring your business is important to

Cover professional and legal liabilities
Cover against electronic crime
Cover assets from unexpected calamities

Understanding the Basics of Property and Casualty Insurance

Property and Casualty insurance, or P&C insurance, is crucial in safeguarding individuals and businesses from unexpected financial losses resulting from property damage, liability claims, and other unforeseen events. We provide comprehensive P&C insurance solutions tailored to your unique needs at Arabia Insurance.
 

Property Insurance

Fire Policy

This policy provides coverage for both your assets in the event of fire and lightning. It can also be extended to offer protection against a wider range of perils, including storms, tempests, floods, rainwater damage, pipe bursts, overflowing water tanks, earthquakes, explosions, impacts, acts of vandalism, civil disturbances, labour strikes, and theft. Furthermore, it offers the option to extend coverage to protect your business from legal liability claims related to property damage to third parties and neighbouring properties.

Property All Risks Policy

This policy safeguards both your assets from any unintentional or physical harm or losses, with the exception of those specifically detailed as exclusions in the policy document. You also have the option to expand this coverage to encompass your business's responsibility for material damages incurred by third parties and neighboring properties. Electronic & Computer Crime Coverage.

Loss of Profits Policy

This policy provides compensation to both you and your business for the loss of gross profits resulting from a decrease in revenue and an increase in operating costs when your premises sustain damage from a covered peril, causing an interruption in your business operations.

Plate Glass

This policy provides compensation to your business in the event of specified glass breakage, covering the cost of repair or replacement

General Accident Insurance

Machinery Insurance

This  policy offers protection to the insured for various types of machinery, plant, mechanical equipment, and related apparatus. It covers the financial consequences of physical loss or damage resulting from sudden and unexpected electrical or mechanical breakdown.

Machinery Loss of Profit 

This policy offers coverage for the real loss of gross profit experienced due to a business interruption caused by an accident that is eligible for indemnification under Machinery Insurance.

Deterioration of Stocks 

This policy offers compensation for the loss or damage incurred by goods in cold storage resulting from a breakdown of the refrigerating machinery.

Personal Accidents

This policy offers protection to an individual or their legal representative in the event that the insured experiences bodily injury or death caused by an accident resulting from external, visible, and violent means.

Third Party Liability

This policy offers coverage for legal liability of the insured towards third parties for bodily injury and/or property damage that may occur as a result of the insured's activities within the specified premises and can be extended to cover the full activity.

Fidelity Guarantee 

This policy offers protection by providing compensation for the loss of the insured's money or goods due to the dishonest or unfaithful actions of employees.

Money Insurance 

This policy offers compensation to cover the loss of money, including cash, notes, and checks, while it is in transit to and from the place of work and while stored in the specified safe.

Contractors’ All Risk 

This policy offers extensive coverage against loss or damage related to contract works, construction machinery, equipment, and machinery. It also offers protection against third-party claims concerning property damage and/or bodily injury associated with the execution of a construction project.

Erection All Risk  

This policy offers extensive coverage against loss or damage related to contract works, construction machinery, equipment, and machinery. It also offers protection against third-party claims concerning property damage and/or bodily injury associated with the execution of a construction project.

Contractor’s Plant and Machinery 

This policy offers coverage to contractors engaged in construction or erection works, protecting them from financial losses due to physical damage or loss of their construction machinery and equipment.

Electronic Equipment Insurance

This policy offers compensation for losses incurred by insured computers, ancillary devices, and other electronic equipment resulting from sudden and unforeseen physical damage. Additionally, it can be extended to cover the replacement of data media and the process of recreating data, along with any extra costs incurred to maintain data processing after physical damage has taken place.

Boiler Insurance 

This insurance policy provides indemnity for the following:

- Damage to the boiler.

- Insured's legal liability for damage to property that does not belong to the insured.

- Insured's legal liability for death and injuries to any person who is not employed by the insured.

Professional Indemnity 

This policy offers coverage protects the insured from legal liability arising from any acts of negligence, errors, or omissions committed during the course of their professional activities within a specified period.

Medical Malpractice  

This policy offers indemnity for damages that may be awarded against the insured in relation to professional services provided or should have been provided by the insured while a person is receiving treatment in a hospital/clinic. It also covers services that should have been rendered by the hospital/clinic, doctor, or any qualified assistant or nurse. The coverage applies to claims arising from errors, negligence, or mistakes made during the insurance period.

Travel Assistance  

This policy provides a range of benefits, including:

- Personal assistance for medical and emergency dental care.

- Repatriation of the insured in case of injury, illness, or death.

- Extension of the insured party's stay due to injury or illness.

- Advance funds and bail payment in penal proceedings.

- Miscellaneous information and services assistance.

- Urgent message and medicine dispatch.

- Compensation for loss of check-in luggage.

 

Speciality Lines Insurance

 

Banker's Blanket Bond (BBB)

This specialized bond is crafted to provide assurance to your banking partners against potential financial losses resulting from various risks, including employee dishonesty, robbery, larceny, theft, forgery, misplacement, and certain other specified perils.

Electronic & Computer Crime Coverage

his coverage is specifically designed to complement the insurance provided by the Bankers Blanket Bond. It extends protection to cover instances of fraudulent input of electronic data or computer instructions into your computer system. This can occur through unauthorized access to a bank's communication lines or through the fraudulent preparation of tapes or computer programs

Directors' and Officers' Liability (D&O)

Cyber insurance encompasses protection for losses associated with the harm or loss of data within IT systems and networks, as well as the potential liability claims that may arise due to a cyber incident.

Cyber Insurance

Covers your enterprise against the legal liability arising out from any negligence, error, or omission committed during the period in the conduct and execution of their professional activities.

Political Violence/Sabotage and Terrorism 

The consequences of such cyberattacks can lead to various forms of damage, including material damages, business interruption, injuries, fatalities, and other related losses. These types of losses are typically not included in a standard property insurance policy.   

Trade Credit Insurance 

Trade Receivables Insurance is a type of coverage that protects suppliers from the risks associated with non-payment of their accounts receivable by both local and international buyers. This insurance serves to assist businesses in expanding their operations and increasing their sales by offering innovative solutions for managing trade receivables effectively.

Marine Insurance

Marine Cargo Insurance stands as a testament to the rich history of the insurance sector, marking the very origin of insurance itself. This insurance forms a reliable pact where the insurer pledges to indemnify the insured for any loss or damage to their goods or cargo during transit, whether by sea, air, road, or rail.

Vital for both domestic and international trade, this insurance ensures that goods are protected from the risks of loss or damage during their journey, a common requirement in many sales agreements.

Who benefits from Marine Cargo Insurance?

Importers and exporters

Freight forwarders representing clients.

Manufacturers

Individuals and businesses involved in both local and international trade.

At the core of Marine Insurance are the Institute Cargo Clauses, monitored by the Joint Cargo Committee. These clauses evolve with modern trade, providing favorable terms that align with globally recognized standards:

 

Institute Cargo Clauses (A) 1.1.82 / 1.1.09

Institute Cargo Clauses (B) 1.1.82 / 1.1.09

Institute Cargo Clauses (C) 1.1.82 / 1.1.09

Including coverage for War & SRCC Risks 1.1.82 / 1.1.09

Arabia Insurance Company offers extensive coverage for exports, imports, third port shipments, and goods in transit. We provide customized policies, including spot and annually renewable Marine Open Cover policies, to suit diverse business needs.

Please note, our coverage does not extend to countries where local insurance policies are obligatory or those under United Nations sanctions.

Our reliable
reputation

8

Countries of operation

79+ Years

of regional expertise

95%

Claim settlement

BBB-

Strong issuer credit

B+

Solid financial rating

Why Select
 Arabia Insurance?

Personalized Risk Assessment 

Utilize cutting-edge AI technology to provide customers with a highly personalized risk assessment, offering tailored plans that precisely match their unique needs.

24/7 Virtual Insurance Concierge

Offer round-the-clock support with a Virtual Insurance Concierge that can answer queries, assist in claims processing, and provide advice—all in real-time.

Fast-Track Claims Approval

Promise and deliver a rapid claims approval process, say within 24 hours, backed by transparent communication throughout the entire journey.

We're here to help you.

Contact one of our advisors to walk you through our insurance plans and help you make the right decision.

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Property & Casualty Insurance, or P&C Insurance, covers property damage and liability risks.

P&C Insurance covers many risks, including damage to property, theft, liability claims, and legal expenses resulting from accidents.

P&C Insurance can cover various properties, such as homes, Industrial commercial buildings, rental properties, and personal belongings.