Salama Business Insurance

Their broad range of insurance solutions are designed to adapt to your changing needs. You can easily make updates and manage your policy details online. For a more personalised touch, you can connect with its dedicated expert team to guide you through every step of your claim.

Types of Salama Business Insurance in UAE

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

1. Marine Insurance

What is Marine Insurance?

Marine Insurance protects you against losses that may occur while transporting goods by ships, cargo, and terminals. This type of Salama Insurance is essential for shipping and courier companies as it can help protect them from financial losses.

Types of Marine Insurance

There are 3 types of Marine Insurance, each catering to your specific needs -

• Marine Cargo Insurance
• Hull and Machinery Insurance
• Yacht and Boat Insurance

1- Marine Cargo Insurance

This Salama Insurance covers the losses and damages done to goods caused by external factors during transit. It typically covers risks such as damage from rough weather, accidents, theft, and sometimes even cargo mishandling. Policies can be tailored to cover specific risks depending on the type of cargo and its route.

2- Hull and Machinery Insurance

Marine Hull Insurance covers the physical damage to the ship, including the vessel (hull) and its machinery. This insurance is essential for shipowners and operators, as it protects against a wide range of risks associated with maritime operations.

3- Yacht and Boat Insurance

Yacht and Boat Insurance covers repairs or replacement of the boat’s hull and machinery if damaged by collisions, grounding, or other accidents. This insurance ensures financial security for both the vessel and its owner in case of unforeseen events, offering essential protection for the boat owners.

2. Property Insurance

What is Property Insurance?

Property insurance is a type of coverage designed to protect residential properties against risks such as fire, theft, vandalism, and some natural disasters. This type of Salama business insurance typically covers the building structure, personal belongings, and liability for accidents occurring on the property.

It helps cover repair costs, replacement expenses, and potential liability claims, providing peace of mind to property owners and renters.

Types of Property Coverage

Under this plan of Salama Insurance Dubai, you can access different types of property coverage including -

• Fire & Allied Perils
• Property All Risk Policy
• Business Interruption Policy
• Worker’s Compensation
• Employee Liability
• Public Liability

1- Fire and Allied Peril Policy

This Salama Arab insurance plan covers damage to property caused by fire and other related risks such as explosions, lightning, earthquakes, or storms. It ensures financial protection if your property is damaged or destroyed due to these risks.

2- Property All Risk

This comprehensive policy provides coverage for loss or damage to insured property by fire, riot and strike, terrorist activity, theft, or accident. It is designed for those who want comprehensive coverage with minimal exclusions, making it a suitable choice for protecting high-risk properties.

3- Business Interruption Insurance

With this Salama business insurance cover, you can get comprehensive coverage to help your businesses recover lost income and cover ongoing expenses if operations are disrupted. This policy covers events such as fires, natural disasters, or other emergencies. It ensures financial stability during periods when the business cannot operate normally.

4- Employee Compensation Insurance

Also known as workers' compensation, this insurance provides financial support and medical benefits to employees who are injured or ill during the period of their work. It covers medical expenses and a portion of lost wages, ensuring employees receive the necessary care while also helping to protect the employer from legal claims.

5- Employee Liability Insurance

This Salama Insurance policy covers employers against legal costs and claims arising from employee-related issues, such as wrongful dismissal, discrimination, or harassment. It helps protect the company from potential lawsuits and financial losses related to employee disputes.

6- Public Liability Insurance

Public liability insurance covers third-party liability claims made by the general public, such as customers, delivery personnel, or visitors, against your small business. It covers legal fees and potential payouts, ensuring financial protection in case of accidents involving the public.

3. Engineering Insurance

What is Engineering Insurance?

Engineering insurance protects you against risks associated with ongoing construction projects and machinery. It covers the potential issues related to the construction, installation, and operation of equipment, ensuring financial protection against various types of damage and loss.

The expense of replacing or repairing damaged equipment may also be covered by engineering insurance.

Types of Engineering Insurance

You can choose from different types of Engineering Insurance that suit your needs -

• Erection All Risks
• Deterioration of Stock
• Contractor's All Risks
• Contractor Plant & Machinery
• Electronic Equipment Insurance
• Machinery Breakdown

1- Erection All Risks Insurance

With this Salama Insurance UAE policy, you can cover damage or loss to machinery and equipment during the erection or installation phase. It protects against risks such as accidents, natural disasters, or fire that might occur while machinery is being set up at the construction site.

2- Deterioration of Stock Insurance

It financially protects against loss or damage to stock caused by spoilage or deterioration due to equipment breakdown such as refrigeration failure. This type of Salama business insurance plan is particularly important for businesses dealing with items that can degrade over time, such as food products, pharmaceuticals, and certain chemicals.

3- Contractor Plant & Machinery Insurance 

This policy covers damage or loss to machinery and equipment used by contractors in their operations, such as bulldozers, cranes, compressors, etc. It includes protection against risks such as theft, accidental damage, and breakdown, ensuring that essential equipment is safeguarded.

4- Contractor's All Risks Insurance

This comprehensive Salama insurance provides coverage for construction projects, including damage to the construction site, materials, and temporary structures.

It also covers third-party liability for injuries or property damage from construction activities.

5- Electronic Equipment Insurance (EEI)

You can cover your electronic equipment, such as computers and communication systems, against risks including accidental damage, theft, and breakdown. It ensures that businesses are covered for repair or replacement costs and additional expenses caused by a breakdown.

Additionally, if your expensive equipment could be damaged by changes in temperature, humidity, or other environmental factors, this insurance can help protect it.

6- Machinery Breakdown Insurance

This Salama Arab Insurance policy covers repair or replacement costs for machinery that suffers a breakdown due to mechanical failure or other unforeseen issues. It is like a safety net for your equipment, managing the costs of repairs or replacements when problems arise.

You can purchase this policy as an add-on to your existing car insurance policy, however, not every company offers it.

Steps to Fill Salama Insurance Claim Process

You can register a claim through several convenient methods -

1. Visit the official website of Salama Insurance UAE.
2. Click on the ‘Register a Claim’ button on the homepage.
3. Fill the form with all the required information.
4. Press the ‘Submit’ button.

Or 

Call or drop an email at Customerservices.gt@salama.ae for assistance with your claim.

After completing all the steps, a designated claim personnel will call you for further assistance with your Salama Insurance claim.

Note: You can find the Salama Insurance claim form and other details on the official website of the company.

Why Choose Policybazaar.ae for your Business Insurance?

Protecting your business with the right insurance is essential. Policybazaar.ae is here to help you with that.

Here are the several key advantages of why Policybazaar UAE should be your top choice for business insurance -

1. Personalised Services - You will get to choose from a wide range of insurance policies tailored to your business needs, including liability and property insurance. Find the right plan to protect your business from potential risks.
2. Easy-to-Use Platform - Navigating insurance options is simple with Policybazaar.ae’s user-friendly online platform. You can compare different policies, get quotes, and make informed decisions quickly and easily.
3. Expert Support - You will get expert advice and support throughout your insurance selection process. The experienced team at Policybazaar.ae helps you choose the best coverage for your business.
4. Prompt and Reliable Service - The support team is always available to assist with any questions or issues, making sure your insurance needs are met promptly.

Frequently Asked Questions