Sukoon Business Insurance

To cover your vehicles or business assets and more, you can find top-notch Sukoon Business Insurance policies that suit your requirements.

Types of Sukoon Business Insurance Plans

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

1. Marine Insurance

What is Marine Insurance?

Marine insurance specifically covers ships, cargo, and related interests against losses caused by accidents, storms, or other perils that may occur during transit across seas and oceans. With this type of Sukoon Business Insurance, you can get a wide range of personal and commercial covers to protect your assets. It may also include protection against claims from passengers or crew.

Types of Marine Insurance

Marine Insurance is divided into 3 main categories, with each one serving different aspects of marine and aviation activities -

1. Marine Cargo Insurance
2. Marine Hull Insurance
3. Aviation Insurance

1- Marine Cargo Insurance

This insurance plan covers the loss and damage of goods transited by air, sea, and road.

What’s Covered?

• Parcel Post and Courier
• Duty of Freight Forwarders
• Haulier's Liability
• Delay in Start-Up (DSU) as per the Terms of Service Agreement
• Marine Cargo
• Strikes and War
• Transportation by Land
• Project Transports
• Throughput of Stocks

2- Hull Insurance

It covers your vessels and ships against risks like physical damage, collision liability, and even third-party liability. This plan by Sukoon Insurance is valid worldwide and includes coverage against third-party liability as well, ensuring that your business is never left out at sea.

What’s Covered?

• Builders' Risks
• Insurance for Charterers' Liability
• Hull and Machinery
• Insurance for Freight Interest or Increased Value Disbursements for Crew
• Personnel Accidents (PA) Coverage
• Defence, Demurrage, and Freight (FD&D)
• Loss of Hire
• Liability of Ship Repairers
• Protection and Indemnity (P&I) 
• Port Authorities and Terminal Operators

3- Aviation Insurance

You can get a whole range of airline and general aviation coverage that includes —

General Aviation

• Aircraft hull coverage (including damage from war)
• Pilot Licence Protection
• Accident Coverage (for passengers and crew personal accident)
• Aircraft Liabilities 
• Covers Deductible Amount

Airline

• Major and Minor Fleet Coverage (for passenger and cargo operations)
• Insurance for Unforeseen Liabilities

Aviation Liabilities

• Airport and Airport Traffic Control Liability
• Hangar Operations and Premises Liability
• Contractors and Airside Liability
• Critical and Non-critical Aviation Products Liability 
• Aircraft Refuelling Operations

2. SME Health Insurance

This plan offers affordable and tailored healthcare solutions for small and medium enterprises across the Emirates. Designed to meet regional regulations and the unique needs of your employees, it ensures comprehensive coverage without straining your company’s finances.

Key Benefits

• 24x7 access to doctors through video and voice calls
• Plans available for as few as 2 employees or up to 150 members
• Easy online claims process 
• Flexible benefits selection to fit your budget
• Free AED 50,000 life rider cover for death due to any cause
• Coverage for non-network and international claims with overseas direct billing options
• Volume discounts for groups over 50 members
• Option to increase coverage for pre-existing conditions and maternity benefits
• Comprehensive network of direct billing healthcare providers
• Optional routine dental and optical benefits with no minimum eligibility requirements

3. Erection All Risk Insurance (EAR)

This Sukoon Business Insurance plan provides comprehensive coverage for the erection of machinery, plants, and steel structures. It includes protection against property damage, bodily injury, and third-party claims.

Coverage Includes

• Fire, explosion, lightning, and more
• Floods, earthquakes, and windstorms
• Losses due to theft or burglary
• Faults in erection, negligence, and malicious acts
• Short-circuit, excess pressure, and other on-site risks

Extensions or Add-ons

You can enhance your policy to include any one of the following maintenance covers -

• Maintenance Visits Cover: Protection for damage during maintenance operations
• Extended Maintenance Cover: Covers damage from the erection period that occurred during maintenance
• Maintenance Guarantee Cover: Additional liability coverage for manufacturers during the guarantee period

4. Business Interruption Insurance

If a fire or lightning damages your business, you might face loss of revenue. This can further exacerbate the scenario amidst ongoing costs like bank interest, salaries, rent, and electricity.

In such cases, this Sukoon Business plan can serve as a protection against the losses you might face in the future. 

• Coverage: Business Interruption Insurance covers financial losses during times when your business can't run normally due to a covered risk.
• Availability: This insurance is an optional addition to Property All Risks or Fire Insurance policies. Make sure you have one of these policies to get Business Interruption coverage.

5. Fire & Allied Perils

Fire and accident insurance offers extensive coverage for residential and commercial properties against risks like fire, explosions, theft, storms, floods, and more. You can also customise your covers to suit specific your property and industry needs.

Standard Fire and Allied Perils

• Basic Cover: For losses due to fire and lightning
• Additional Cover: Includes fire, lightning, and allied perils like burglary

6. Property All Risks

You can cover your business property against accidental loss or damage due to various causes including fire, explosion, flood, and theft.

• Sum Insured: Based on the actual or replacement value of the property.
• Premium: Calculated per thousand units of the sum insured, with a deductible.

Here’s the list of risks covered -

• Fire, lightning, storm, floods, or earthquake
• Explosion
• Aircrafts
• Malicious acts
• Damage by own vehicles
• Strikes or riots
• Bursting or Overflowing of Water Apparatus (including Sprinkler Leakage)
• Theft or attempts at it 

7. Machinery Breakdown

Machinery Breakdown (MBD) Insurance covers profit loss due to machinery breakdown. It covers all plants, machinery, and mechanical equipment during operation, rest, or maintenance.

• Covered Risks
  • Defects in casting
  • Centrifugal tearing
  • Workshop errors
  • Faulty design
  • Boiler water shortage
  • Physical explosions
  • Electrical causes
  • Bad workmanship
• Sum Insured: This should match the cost of replacing the machinery with a new equivalent, including customs duties and installation.

Note: MBD insurance complements fire insurance coverage.

8. Contractor’s Plant and Machinery Insurance

If your construction business relies on machinery, damage to these machines can halt your operations and lead to high repair costs. This Sukoon business plan is designed to protect your business from such losses.

• Protection: Covers unexpected damage or loss to machinery, whether it's in use, at rest, or during maintenance 
• Scope: Applies to machinery at any location, not limited to a single construction site

What's Covered?

1- Mobile Construction Machinery

• Earth-moving machines (e.g., bulldozers, draglines, or loaders)
• Road surface finishers, compactors, and rollers
• Mobile tunnelling and mining equipment
• Other special-purpose machines
• Mobile cranes and power generators

2- Stationary Plant

• Conveyor systems
• Tower cranes and hoists
• Concrete and asphalt plants
• Power equipment for construction sites

9. Engineering Insurance

What is Engineering Insurance?

Engineering insurance is a specialised type of insurance designed to cover the risks associated with engineering projects and operations. This Sukoon Business Insurance plan is crucial for businesses involved in engineering, construction, and heavy industries.

It ensures that businesses can manage potential financial impacts from accidents, equipment breakdowns, and other unforeseen events that may disrupt operations.

Types of Engineering Insurance

There are several key types of Engineering Insurance -

1. Boiler and Pressure Vessel (BPV)
2. Electronic Equipment (EE)
3. Contractor’s All Risk (CAR)
4. Deterioration of Stock (DOS)

1- Boiler and Pressure Vessel (BPV)

This Sukoon Insurance business plan covers any third-party obligations resulting from damage to boilers and pressure vessels in factories, mills, plants, and steam power stations.

What’s Covered?

• Your liabilities for any fatal or non-fatal injuries caused to someone other than your family members, coworkers, or employees
• Any boiler or pressure vessel explosion or collapse during regular operation
• Any damage to a boiler or pressure vessel, excluding fire
• Third-party physical harm or property damage resulting from the construction project

2- Electronic Equipment (EE)

This insurance is designed to address any damage to the equipment — whether from fire, lightning, humidity, faulty installation, or burglary. It covers the replacement value of the insured items, including customs duties, transportation, and installation charges.

What's Covered?

Electronic Equipment Insurance covers a wide range of risks, including -

• Fire, Explosion, Lightning, or Falling Aircraft
• Smoke, Soot, or Corrosive Gases
• Damage from severe weather conditions
• Water and Humidity  
• Failure of Air Conditioning
• Malicious Acts
• Short Circuit and Electrical Issues
• Design, Manufacturing, or Assembly Faults
• Faulty Operation  
• Losses from theft or attempted theft

Extensions

• External Data Media Cover: Covers both the material value of the data and the costs associated with reprocessing and restoring it
• Increased Cost of Working Cover: This includes hire charges, transport costs for data media and personnel, accommodation expenses, night work, and work on public holidays

3- Contractor’s All Risks (CAR)

The CAR policy provides comprehensive protection against a broad range of hazards on construction sites. It covers damage to construction plants, equipment, and machinery as well as third-party claims for property damage or bodily injury that may occur during the construction process.

What's Covered?

The CAR insurance covers various types of risks, including -

• Fire, explosion, or lightning
• Windstorm
• Earthquake
• Losses due to water-related incidents
• Losses due to theft or attempted theft
• Coverage for structural failures
• Protection against damage caused by poor workmanship, negligence, or errors.

Note: Coverage begins when work starts or when items are unloaded at the site. It ends when the completed structure or any part of it is put into service or taken over.

Extensions

You can enhance your CAR coverage with these options -

• Maintenance Visits Cover:  Protects during the maintenance period from any loss or damage occurring while fulfilling maintenance contract obligations
• Extended Maintenance Cover:  Offers additional protection for losses or damages that occurred during the construction period but only become apparent during the maintenance period

4- Deterioration of Stock (DOS)

This Sukoon Business Insurance policy covers the risks caused by the breakdown of refrigerating machinery. Ideal for a wide range of users, including owners, tenants, and operators of cold storage facilities, it is also suitable for those in food preservation, meat and fish processing, agricultural manufacturing, and chemical and pharmaceutical industries.

Note that DOS is a complementary cover to Machinery Insurance and provides coverage specifically for the deterioration of goods.

What's Covered?

This Sukoon Insurance plan covers the deterioration of stock resulting from -

• Any rise or fall in cooling temperature that affects the stored goods
• Sudden and unforeseen release of refrigerants into the cold storage rooms.
• Incorrect composition of the storage atmosphere due to material damage to the refrigeration plant, which is also covered under Machinery Insurance

Extension or Add-on

Failure of Public Power Supply: You can extend your DOS cover to include losses caused by the failure of the public power supply. This is subject to the condition that the situation regarding public and backup power supplies is satisfactory.

10. Group Health Insurance

Group Health Insurance of Sukoon Insurance is available under a broad selection of customisable policies that provide access to a wide network of healthcare partners. Designed to meet the diverse needs of businesses, these plans help attract and retain employees by providing essential health benefits.

Types of Group Health Insurance Plans

Here are some Sukoon Insurance business plans -

1. Shield Saver and Shield Saver Plus
2. Group Tailored Products
3. Enhanced Plus
4. DHA Essential Benefits Plan
5. Abu Dhabi Employee Protect
6. Thiqa Top Up Health Plan
7. Regional Insurance Medical Solution
8. Health Extend Plan

11. Medical Malpractice

Medical errors, while often unintentional, can have serious consequences for both patients and healthcare professionals. This Sukoon business insurance policy is designed to offer you enhanced financial protection and support in such challenging situations.

Key Covers

• Protection against claims related to treatment errors or oversights
• Coverage for mistakes involving medication or inappropriate prescriptions
• Support for cases where the harm to a patient results from alleged negligence by a healthcare professional
• Includes protection against any damage due to Improper diagnosis 

Sukoon Business Plan Claim Process

You can conveniently submit, track, and manage your claims through Sukoon’s mobile app or online portal.

Follow the below steps to easily file a Sukoon Business Insurance claim -

1. Visit the official website of Sukoon Insurance. 
2. Go to the ‘Claim’ section at the top corner of the homepage.
3. Download the ‘Claim Form’ and fill out the necessary details like personal details, and insurance information. 
4. Attach evidence and submit the form on the Sukoon app or by clicking on the link given on the webpage. 

Or

You can also contact Sukoon Insurance by phone or drop an email for assistance with your claim.

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

Documents for Processing a Sukoon Business Insurance Claim

You may need to upload these documents with a completed, signed claim form to the mySukoon app or portal -

• Original invoices or bills with payment confirmation
• Medical or lab test reports
• Translated documents in English or Arabic
• Copy of the claimant's healthcare insurance card
• Summary table of invoices from the Reimbursement Claim Form

Important

• For claims over AED 5,000 (abroad) or AED 10,000 (in the UAE), you may need to submit some additional documents depending on the requirement.
• Submit your form within 120 days of treatment. Both you and the attending doctor must complete the form for each visit.

Note that only one claim submission is allowed per person — family members must apply individually.

Claim Settlement

You may receive all the eligible claims within 3 weeks of form submission or get reimbursed according to average network prices. Additionally, co-insurance and a deductible may apply. 

Why Choose Policybazaar.ae for your Business Insurance?

With so many options available in the market, choosing the right one for your business is important. With Policybazaar.ae, you can not only get expert advice but also the best plans at the most attractive prices.  As a leading insurance aggregator in UAE, we ensure that you get the best guidance to find the right business insurance policy tailored to your business needs.

Here’s why Policybazaar.ae is the ideal site to get your Sukoon business insurance policy -

• Wide Range of Insurance Products: From Marine Insurance, Directors and Officers Liability, Medical Malpractice, and Workman Compensation to Group Health and more, we offer a comprehensive selection to meet all your business insurance needs.
• Claims Assistance: Our dedicated support team assists you throughout the claim process and gives you unbiased guidance to help you make an informed decision.
• Extensive Network of Insurers: You can choose from over 22 leading insurers to find the best options for your business.
• User-Friendly Platform: Policybazaar.ae’s easy-to-navigate website simplifies the process of browsing, comparing, and purchasing insurance.

We have answered some of the most frequently asked questions about Sukoon Business Plan in the section below -

Frequently Asked Questions