Corporate / Business Insurance
Do you have the right insurance cover for yourself ?
Building a business takes time, money & often involves taking on a considerable financial risk.A single incident involving a claim against the business could result in a huge financial loss if the proper safeguards are not in place or inadequate insurance coverage. Having the right insurance policy is key to managing your risks as a business owner.
The level of insurance coverage your business requires more often depends on the type of business you have, its assets its & employees but more importantly the risks that the business undertakes.
We are committed to providing our corporate clients with a comprehensive set of insurance solutions covering multiple sectors including Aviation, Marine, Energy, Construction, Transportation, Healthcare, Hospitality and much more. We have developed a suite of products that can be tailored to meet the needs of our corporate clients to provide reassurance across all sectors.
Discover our range of products
Fire & General Accident
Fire & Allied Perils
Any loss or damage to material and property causes in terms of loss of capital and other consequential losses
Property All Risks
This insurance policy indemnifies the Insured for accidental physical loss of or damage to the property insured whilst situated at the premises described in the policy
As a result of a loss due to the risk of fire and the damages it may cause, besides the business coming to a halt, there are certain standing charges
This is a package policy covering loss and/or damage to the hotel property, loss of revenue, third party liability arising from the operations, loss and/or damage to
Despite the best internal control measures in any corporate activity, mishaps like misappropriation and embezzlements by employees do take place.
Commercial Banks and Financial Institutions recognize the risks associated with their operations. The exposures are from within as well as external.
This insurance is ideal for stationers, grocers, all kinds of shops and stores, super markets and departmental stores.
Liability Workmen's Compensation
Workers in any organization are exposed to work related accidents and therefore well protected under the UAE Federal Law No.8 of 1980 & subsequent amendments thereto.
Liability Employer's Liability
AWNIC offers Employer’s Liability Insurance as an extension under Workmen’s Compensation Insurance or as a standalone policy as per the requirements of customers
Liability Public Liability
Boats can be insured for an agreed value amount or on an actual cash value (market value) basis. Engines are usually insured for replacement cost.
Contractor's All Risks
Contractor’s All Risks Insurance [CAR]. The basic concept of this cover is to offer comprehensive and adequate protection against loss or damage in respect of the contract works
Erection All Risks
Erection All Risks Insurance [EAR]. The basic concept of this cover is to offer comprehensive and adequate protection against all the site risks involved erection of machinery and plant
Contractor's Plant And Machine
Contractor’s Plant & Machinery (CPM). It is designed to provide insurance protection and peace of mind for contractors, and the construction industry, against a range of risks.
Machinery Breakdown [MBI]. It is designed to provide coverage for machinery against any unforeseen and sudden physical loss or damage necessitating its repair or replacement due to causes
Machinery Loss of Profits
Machinery Breakdown [MBI]. It is designed to provide coverage for machinery against any unforeseen and sudden physical loss or damage
Electronic Equipment [EEI]. It is designed to provide coverage for protection against loss and damage from “all risks”, to specialized electronic equipment such as computers, x-ray machines, communication facilities, studio equipment
Deterioration of Stock
This insurance provides for indemnity against physical loss or damage to stocks such as frozen meat, foods, and other chilled and frozen items of trade of the insured
Boiler Insurance, It is designed to provide coverage of indemnity for loss or damage to boilers resulting in explosion and collapse due to overpressure and failure of safety valves, faulty workmanship, defective materials and faulty design.
Marine & Aviation
Factors considered for fixing premium are based on annual gross receipts, limit per conveyance, policy aggregate limits & sub limits; carrier’s operating efficiency
Oil & Energy
Offshore Construction Risks
Offshore Construction All Risks Insurance offers coverage for physical damage or loss to contract works and Third Party Liabilities under the following two sections.
Onshore Construction Risks
AWNIC offers coverage for infrastructure projects such as oil, gas, power, petrochemicals etc.