Arabia Business Insurance

Arabia business insurance products include Marine Insurance, Group Health Insurance, Liability Insurance and more. These products offer financial and liability protection for all types of businesses in the UAE. Backed by a solid B+ financial rating, Arabia Insurance UAE continues to lead the industry with cutting-edge solutions and a reputation for reliability.

Types of Arabia Business Insurance

Marine Insurance 

Marine Insurance protects businesses against financial loss by covering risks associated with the transportation of goods by sea, air, road, or rail. It protects your assets from potential damages or losses during transit. This Arabia Insurance business product secures your business and provides financial stability.

Types of Marine Insurance
Marine Insurance is divided into three main categories. Each type serves different aspects of maritime and aviation activities -  

Marine Cargo Insurance	Hull Insurance	Aviation Insurance
This type of Arabia Insurance Abu Dhabi is vital for businesses that transport goods. It offers -  Indemnification: Covers loss or damage to goods during transit, whether by sea, air, road, or rail Who Should Buy: Beneficial for importers, exporters, freight forwarders, manufacturers, and businesses involved in trade Customisable Policies: Includes options like spot policies for single shipments and renewable marine open cover policies for ongoing needs to address various requirements	Hull Insurance is essential for vessels, offering critical protection such as —  Coverage: Protects against damage, loss, and liability of commercial vessels while at sea Stakeholders: Designed for ship owners, shipping companies, vessel operators, financial institutions, lenders, and charterers Financial Security: Safeguards the financial interests of all the parties involved in the ownership, operation, and financing of vessels	Aviation Insurance is crucial for the aviation industry, offering coverage that includes -  Risk Management: Provides protection against risks and liabilities in aviation, including accidents and damages Beneficiaries: This type of Arabia Insurance UAE includes aircraft owners, operators, airlines, air carriers, aircraft manufacturers, maintenance providers, airport operators, general aviation operators, and government regulatory bodies Security: Ensures financial stability, operational security, and overall safety within the aviation sector

Group Health Insurance

Group Health Insurance is a type of health coverage provided by employers to their employees. It offers comprehensive medical benefits under a single policy. This policy by Arabia Insurance company Dubai, designed to protect the health and well-being by covering a range of medical expenses, ensures robust protection for your workforce. 

Key Coverages:
Group Health Insurance provides extensive coverage that includes — 

1. Coverage up to AED 1,000,000 annually
2. Protection for chronic and pre-existing health conditions
3. Comprehensive care for maternity needs and newborns
4. Coverage for essential medical procedures, including prosthetics and organ transplants
5. Support for home care and parent accommodation during hospitalisation
6. Special coverage for conditions like multiple sclerosis
7. Includes doctor's visits, prescribed medicines, and alternative treatments
8. Coverage for dental care and optical needs

Terms and conditions apply based on the specific plan.

Wellness Programs and Coverage Benefits:
Group Health Insurance also focuses on creating a healthy workplace by offering - 

1. Wellness Programs: Initiatives designed to encourage a healthier lifestyle among employees
2. Workplace Attractiveness: Enhancing the organisation’s attractiveness by safeguarding employees’ health while making it more appealing to both current and potential employees

Simple and Transparent Claims Process:
Group Health Insurance comes with a user-friendly and transparent claims process. The process is easy so that claims are handled efficiently and without unnecessary complications.

 

Liability Insurance

Liability Insurance protects businesses against claims resulting from injuries or damages to third parties. It safeguards businesses from financial losses that may arise due to legal liabilities associated with property damage, bodily injuries, or other risks that occur within the specified premises.

Third-Party Liability Coverage
Liability Insurance primarily focuses on covering third-party claims, including - 

• Property Damage: Provides coverage for damages to third-party properties that occur due to activities within the insured premises
• Bodily Injury: Protects against claims related to physical injuries sustained by third parties on the insured premises
• Legal Costs: This type of Arabia Insurance UAE covers the legal expenses incurred while defending against third-party claims
• Settlement and Compensation: Assists in paying settlements or compensation awarded to third parties

 

Medical Malpractice

Medical Malpractice Insurance is a specialised type of insurance that protects healthcare professionals and institutions against claims of negligence or errors in the course of providing medical care. This type of Arabia Insurance Dubai business policy is ideal for doctors, nurses, clinics, and hospitals.

Coverages Provided by Medical Malpractice Insurance
Medical Malpractice Insurance offers comprehensive coverage for healthcare professionals, including - 

• Protects against claims related to services provided by hospitals, clinics, doctors, nurses, and other qualified healthcare assistants
• Covers claims arising from mistakes, errors, or negligence during the treatment process within the insured period
• Applies to claims made by patients or individuals who received treatment at a hospital or clinic
• Assists in covering the legal expenses involved in defending against malpractice claims

 

Professional Indemnity Insurance

Professional Indemnity Insurance provides protection for professionals, such as consultants, architects, lawyers, and accountants, against claims made by clients for losses or damages resulting from negligent services, errors, or omissions in the course of their professional duties.

 

Directors & Officers Liability

Directors and Officers Liability Insurance, a product under the financial lines of corporate insurance, provides essential protection for the personal assets and liabilities of directors, officers, and senior managers. 

This Arabia business insurance policy covers the mentioned entities against claims arising from decisions or actions taken in their roles as leaders and decision-makers within a company. It ensures that they are safeguarded from personal financial loss due to lawsuits or legal actions related to their corporate responsibilities.

 

Property Insurance

Property and Casualty Insurance provides vital protection for individuals and businesses from unexpected financial losses due to property damage, liability claims, or unforeseen events. It shields both personal and commercial properties against various risks that could lead to significant financial strain.

Key Coverage Types
Property Insurance provides coverage through two main types of insurance:

• Fire Insurance: Protects buildings and their contents against damages caused by fire and lightning
• Property All Risk Insurance: Covers buildings and contents against accidental physical damage or loss, except those specifically excluded in the policy

Fire Insurance

Property All Risk Insurance

Fire Insurance offers comprehensive coverage, including -  Protection against fire and lightning damage This type of Arabia Insurance Abu Dhabi policy can be expanded to include damages from storms, tempests, floods, rainwater, burst pipes, overflowing water tanks, earthquakes, explosions, and impact damages Covers losses due to malicious damage, riots, strikes, and burglary Includes coverage for legal liabilities towards third parties and neighbours for material damages

Property All Risk Insurance provides broad protection by covering -  Covers buildings and contents against all accidental physical damages or losses, except those explicitly excluded in the policy Can be extended to cover legal liabilities  for material damages  towards third parties and neighbours

 

Engineering Insurance

Engineering Insurance covers risks associated with engineering projects and equipment. This Arabia business insurance plan protects businesses involved in construction, manufacturing, and other technical fields from potential financial losses due to damage, breakdowns, or other unforeseen incidents. It ensures that potential risks are managed effectively. 

Types of Engineering Insurance
Engineering Insurance encompasses several key types, including -

Contractors All Risk Insurance	Machinery Breakdown Insurance	Electronic Equipment Insurance	Deterioration of Stock Insurance
Contractors All Risk Insurance offers comprehensive protection, including: Contract Work Protection: Covers loss or damage related to construction work Equipment and Machinery Coverage: Protects construction plants, equipment, and machinery on-site Third-Party Claims: Provides coverage for third-party property damage or bodily injury related to the construction project Broad Scope: Applicable to various stages of construction, from initial groundwork to project completion	Machinery Breakdown Insurance safeguards businesses by covering -  Machinery and Equipment: Protects all types of machinery, plants, and mechanical equipment Sudden Breakdown: Covers physical loss or damage due to sudden and unforeseen electrical or mechanical breakdowns Comprehensive Coverage: Ensures that critical equipment remains operational with minimal downtime	Electronic Equipment Insurance offers specialised coverage for electronic devices -  Computer and Equipment Coverage: Protects insured computers, ancillary devices, and other electronic equipment Material Damage: Covers losses due to sudden and unforeseen material damage Data Media Replacement: Extends to include costs for replacing data media and recreating lost data Continued Operations: Covers additional costs incurred to continue data processing after physical damage	Deterioration of Stock Insurance provides essential protection for stored goods -  Cold Storage Coverage: Protects against the deterioration of goods stored in cold storage facilities Refrigeration Breakdown: Covers losses due to the breakdown of refrigerated machinery Product Protection: Makes sure that perishable goods are covered against unexpected spoilage

 

Erection All Risk Insurance (EAR)

Erection All Risk Insurance provides comprehensive protection against all risks associated with the erection of machinery, steel structures, and similar installations. 

It covers potential losses or damages during the erection process and also includes coverage for third-party claims related to property damage or bodily injury that may occur in connection with the execution of an erection project.

 

Contractors Plant and Machinery Insurance

Contractors Plant and Machinery Insurance provides coverage for contractors involved in construction or erection work. It protects against physical loss or damage to their construction machinery and equipment, so that vital tools and machines are covered during the execution of projects. 

 

Workmen’s Compensation Insurance

Workman Compensation Insurance covers the legal liability of an employer in the event of death or injury to employees while they are performing their job duties. Under this type of Arabia Insurance UAE, employees receive compensation for work-related injuries or fatalities.

Arabia Business Insurance Claim Process

To file a claim with Arabia Business Insurance, follow these simple steps - 

1. Visit the Official Website: Go to arabiainsurance.com.
2. Access the Claims Section: Tap on the "Claim" tab located at the top corner of the homepage.
3. Fill Out the Claim Form:
   • Provide Personal Details: Enter your name and email address.
   • Insurance Information: Include your insurance plan type and policy number.
   • Describe Your Issue: Use the designated box to explain your claim or issue in detail.
   • Attach Evidence: If you have any supporting documents or evidence, attach them using the provided option.
4. Contact Options: You can also contact Arabia Insurance by phone or email for assistance with your claim.
5. Submit the Claim: Once all the required information is complete, submit your claim form.
6. Follow-Up: A designated claim personnel will contact you to guide you through the further process and assist with resolving your Arabia Insurance UAE claim.

Why Choose Policybazaar.ae for Your Business Insurance?

Choosing the right insurance for your business is crucial, and Policybazaar.ae makes it easier and more accessible than ever. As a leading insurance marketplace in the UAE, Policybazaar.ae is committed to making financial services and insurance accessible to everyone in the region.

Here's why Policybazaar UAE is the ideal choice for your business insurance needs - 

1. Wide Range of Insurance Products: Policybazaar.ae offers a comprehensive selection of business insurance products, including Marine Insurance, Group Health Insurance, Professional Indemnity, Directors and Officers Liability, Medical Malpractice, Workman Compensation, Public Liability, and many more. Whatever your business needs, this platform has you covered.
2. Extensive Network of Insurers: With over 22 leading insurers available on the platform, you can find a variety of options to choose from. 
3. Unbiased Expert Advice: If you're unsure which insurance plan best suits your business, Policybazaar.ae offers unbiased advice to help you make an informed decision. 
4. User-Friendly Platform: The Policybazaar.ae website is user-friendly, making it easy to browse, compare, and purchase insurance plans. Whether you're a small business owner or managing a large corporation, the platform simplifies the insurance selection process.

Frequently Asked Questions (FAQs)