Orient Business Insurance

The team of 1,700 professionals brings extensive knowledge of the local insurance landscape, making them a reliable partner for personal and commercial insurance.

Since its establishment in 1982, Orient Insurance UAE has expanded to seven countries, offering a comprehensive range of coverage options.

From effective commercial insurance, including property and professional indemnity, to tailored personal plans, Orient is committed to protecting what matters the most to you and your business.

Types of Orient Business Insurance Plans

Discussed below are the plans for business insurance UAE offered by Salama Insurance.

1. Property Insurance

This Orient business insurance plan protects your physical assets against various risks including fire, theft, vandalism, storms, and natural disasters. It is essential for protecting your financial investment and ensuring peace of mind to save you from unexpected events.

Types of Property Insurance:

1- Business Interruption

This Orient business plan covers the loss of net profit and ongoing expenses following a disruptive event, such as a fire or natural disaster. This insurance is essential for safeguarding your business against financial losses due to unforeseen disruptions, ensuring you can maintain operations and recover effectively. By having this protection in place, you can have stability and continuity in challenging times.

Key Benefits:

• Coverage of Loss: It compensates for lost income and helps cover ongoing fixed costs, known as standing charges, during the interruption period.
• Increased Costs: This Orient Insurance UAE also covers reasonable increased costs of working incurred to mitigate the impact on turnover.
• Indemnity Period: Selecting an appropriate period is crucial, as it defines the duration for which the business can claim benefits until it is restored to its pre-loss condition.
• Underlying Policies: Business interruption insurance is often linked to underlying policies, such as Fire & Allied Perils or Property All Risks Insurance.

2- Fire & Allied Perils

Fire & Allied Perils Insurance is designed to protect your properties at specified locations. This Orient business insurance plan is essential for safeguarding your property against a range of potential hazards, ensuring you are protected against unexpected events.

Key Features:

• Standard Perils Covered:
  • Damage caused by fire incidents
  • Coverage for damage due to lightning strikes
  • Includes earthquakes, storms, tempests, and floods
  • Covers bursting and overflowing of water tanks and apparatus
  • Protection against damage from vehicles or other objects
  • Coverage for damage caused by aircraft
  • Includes riot, strike, and malicious damage
  • Protection against losses due to explosions
• Risk Assessment: This type of Orient insurance UAE coverage is typically granted following a satisfactory risk inspection and the completion of a proposal form.

3- Property All Risks

This Orient business insurance offers broader coverage compared to standard Fire & Allied Perils Insurance, protecting against accidental physical loss or damage to insured property. It is ideal for those seeking extensive protection for their property, covering a variety of risks to safeguard their investments effectively. 

Key Features:

• Comprehensive Coverage: This type of Orient insurance Dubai covers a wide range of risks, including fire, theft, impact, collision, etc, ensuring extensive protection for your assets.
• Accidental Loss or Damage: Protects against unforeseen incidents that result in physical loss or damage to the property, offering peace of mind.
• Risk Assessment: Similar to Fire & Allied Perils Insurance, coverage is contingent upon a satisfactory risk inspection and the completion of a proposal form.

2. Engineering Insurance

Engineering insurance provides comprehensive coverage for construction projects which saves you from any unexpected financial burden. It is essential for businesses that regularly engage in construction and maintenance works.

Types of Engineering Insurance:

1- Contractors’ All Risk Insurance

Contractor's All Risk (CAR) Insurance is designed to address all risks associated with construction projects, offering comprehensive protection through two main sections.

This Orient business insurance plan is essential for contractors looking to mitigate risks associated with construction projects, ensuring both project integrity and financial security.

Key Features:

1. Section I: Material Damage - Covers loss or damage to contract works and ancillary facilities comprehensively, ensuring financial protection against various risks during the construction phase.
2. Section II: Third-Party Liability - Protects contractors from future lawsuits by offering coverage for legal obligations resulting from unintentional physical harm or property damage to third parties.
3. Coverage Duration - The policy extends protection throughout the entire construction period and includes a 12-month maintenance period, offering additional peace of mind post-completion.

2- Deterioration of Stock

This coverage protects against losses incurred due to the deterioration of stock stored in refrigerated cold rooms or chambers. This Orient insurance is crucial for businesses relying on refrigeration, safeguarding against potential losses from unexpected machinery failures.

Key Features:

• Coverage for Deterioration: This type of Orient insurance Dubai protects against losses from the spoilage of perishable goods stored in refrigeration units, ensuring financial stability after an incident.
• Pre-Condition: Availability of a valid Machinery Insurance policy is required to get Deterioration of Stocks Insurance, linking the two coverages.
• Excess Provisions: The policy typically includes a monetary excess, as well as a time excess, which may affect the claim amount and timing.

3- Contractors’ Plant & Machinery

What is Contractors Plant & Machinery Insurance?

This Orient business Insurance plan protects mobile plants and equipment used on construction sites from unexpected events, such as accidents, theft, or damage from external sources.

It safeguards against sudden, accidental, and unforeseen loss or damage, helping ensure that your equipment is secure while you work.

Take a Note🗒️: This insurance does not cover mechanical or electrical breakdowns, meaning that if your machinery stops working due to wear and tear or internal issues, you won’t be protected under this policy.

4- Erection All Risks

What is Erection All Risk (EAR) Insurance?

This Orient business plan protects against a wide range of risks associated with the erection process, including accidental damage, theft, and unforeseen events that could disrupt the project. 

By securing this insurance, contractors can safeguard their investments in heavy machinery and ensure that their work won’t stop or lead to significant financial loss.

5- Machinery Breakdown

This Orient Insurance, also known as Machinery Loss of Profits Insurance, protects plants and machinery from unexpected events. This coverage includes loss or damage caused by sudden, accidental incidents, including mechanical and electrical breakdowns, typically not covered by standard insurance policies.

To ensure comprehensive protection, this Orient business insurance requires that the declared sums insured reflect the new replacement values of the machinery.

It means that in the event of a loss, you can replace the damaged equipment without incurring additional costs.

3. Marine Insurance

What is Marine Insurance?

This Orient business insurance plan provides financial protection for goods and vessels against various risks during shipping. It includes loss or damage due to accidents, weather events, theft, and other unforeseen circumstances.

Types of Marine Insurance -

1- Marine Cargo - Open Cover

This Orient business plan provides comprehensive protection to a wide range of goods during transit, regardless of the mode of conveyance— by sea, land, or air. 

This type of coverage is particularly beneficial for businesses that frequently ship products, as it allows them to insure multiple shipments under a single policy.

Key Features:

• Flexible Options: Coverage can be arranged for—
  • Individual shipments
  • Annual basis for frequent shipments
• Contingency Protection: Available for both sellers and buyers to safeguard their interests during shipping.

2- Marine Cargo - Single Transit

This Orient business insurance plan covers the movement of goods during a specific shipment and manages risks associated with the transportation of goods. It is ideal for businesses making occasional shipments, ensuring financial security in case of unforeseen occurrences.

Key Features:

• Single Shipment Focus: Coverage is tailored for individual shipments rather than multiple ones.
• Flexible Options: Can be arranged based on the needs of the shipment and frequency of transport.
• Contingency Protection: Available to safeguard the interests of both sellers and buyers.

3- Marine Hull Insurance

Marine Hull Insurance covers various vessels, including cargo ships, tugs, supply vessels, dredgers, and pleasure crafts. This Orient insurance is essential for protecting the physical assets of vessels operating in both open waters and sheltered inland or coastal areas.

What’s Covered?

• Wide Coverage: Applicable to a variety of vessels, including—
  • Cargo vessels
  • Tugs and supply vessels
  • Dredgers
  • Yachts and pleasure crafts
• Operational Scope: Covers vessels operating in blue waters, inland and coastal waters.
• Optional Third-Party Liability: It can include protection for third-party liabilities and safeguarding against claims from other parties.

4- Marine Liability Insurance

Marine Liability Insurance protects businesses and individuals involved in maritime activities from financial losses resulting from third-party claims. This Orient business insurance covers various liabilities that can arise in the marine industry.

It ensures businesses can operate confidently, knowing they are safeguarded against unexpected claims and financial repercussions.

Key Types:

• Ship Repairers Liability: Covers claims arising from damage caused to a vessel while it is being repaired or serviced.
• Charterer’s Liability: Protects charterers from liabilities that may arise during the charter period, including damage to the vessel or third-party claims.
• Freight Forwarder’s Liability: Provides coverage for freight forwarders against claims related to loss or damage of goods during transportation.
• Hauliers Liability: Covers liabilities for hauliers transporting goods by road, including damage to the cargo or third-party property.
• Terminal Operator’s Liability: Protects terminal operators from claims resulting from incidents occurring at their facilities, such as damage to cargo or injuries to third parties.
• Protection and Indemnity (P&I) Liability: A comprehensive coverage for shipowners, protecting against a wide range of liabilities, including crew injuries, environmental damage, and other third-party claims.

5- Yacht Insurance

Yacht Insurance provides comprehensive coverage to your vessel and its owner against a variety of risks associated with boating. Whether you have a small boat or a megayacht, this Orient insurance ensures you have the right protection tailored to your needs.

4. Aviation Insurance

What is Aviation Insurance?

Aviation Insurance covers aircraft, their operators, and passengers against a range of risks associated with flying. This Orient business insurance plan is essential for anyone involved in aviation, including private pilots, commercial airlines, flight schools, and aircraft owners.

Types of Aviation Insurance

This Orient business plan encompasses various specialised policies tailored to meet the unique needs of the aviation industry. Two key types are -

• Airport Operators Liability: Protects airport operators against claims arising from accidents or incidents on airport premises.
• Aviation Hull & Liability: Combines protection for physical damage to the aircraft (hull insurance) with liability coverage for third-party claims.

5. Liability Insurance

What is Liability Insurance?

This type of Orient Insurance Dubai is designed to protect individuals and businesses from financial losses resulting from claims against them for causing injury or damage to others. It serves as a safety net, helping to cover legal costs, medical expenses, and damages awarded in lawsuits.

Types of Liability Insurance

1- Commercial General Liability

This type of Orient business insurance plan covers the basic risks for businesses, including bodily injury and property damage claims.

2- Directors & Officers Liability

With this Orient business plan, businesses can protect corporate directors and officers from claims associated with their decisions and actions while managing the company.

3- Medical Malpractice

This Orient business insurance covers healthcare professionals against claims of negligence or malpractice in the delivery of medical services.

4- Product Liability Insurance

Product Liability insurance protects manufacturers and sellers from claims related to defects in products that cause harm to the third party. 

5- Professional Indemnity Insurance

This Orient business insurance safeguards you against claims of negligence or breach of duty in your service.

6- Public Liability

It covers claims made by the public for injuries or damages occurring on a business’s premises or as a result of its operations.

7- Workmen’s Compensation Insurance

This Orient business plan provides coverage for employees who suffer work-related injuries or illnesses, covering medical expenses and lost wages.

Orient Business Reimbursement Claim Form

Follow the below steps to easily fill Orient Insurance reimbursement form -

1. Visit the official site of Orient Insurance UAE.
2. Click on ‘Claim Intimation’ in the main menu. 
3. Select the preferred country and click on ‘Non-Motor Claims.’
4. Click on ‘Initiate’ to be redirected to the form page. 
5. Fill out the form with necessary details including your policy number, Email ID, details of claim, etc.
6. Attach all the required documents.
7. Click on ‘Submit Claim’.

Or

For immediate assistance, you can directly call them on their customer care number at 800 674368. Insurance personnel will contact you shortly to help you with your inquiries. 

Why Choose Policybazaar.ae for your Business Insurance Needs?

If you want to navigate the complexities of business insurance with ease, choosing Policybazaar.ae can be a suitable option to ensure your enterprise is well protected.

Here are some reasons why you should go for Policybazaar UAE -

1. Comprehensive Options: Policybazaar.ae offers a wide range of business insurance products tailored to various industries, ensuring you find the right coverage for your needs.
2. Competitive Pricing: With access to multiple insurers, Policybazaar.ae helps you compare quotes to secure the best rates, allowing you to get quality coverage at an affordable price.
3. Expert Guidance: The team at Policybazaar.ae consists of knowledgeable insurance experts who can provide personalised advice and support throughout the selection process.
4. Streamlined Process: Policybazaar.ae simplifies the insurance buying process with an efficient online application, reducing paperwork and saving you time.
5. Trusted Partnerships: We partner with reputable insurers, providing you with confidence in the reliability and quality of your coverage.

Frequently Asked Questions