This policy is suitable for all entrepreneurs exposed to liability due to negligence arising out of accidents in the course of their business operations.
Salient Features
This policy indemnifies against amounts the insured is legally liable to pay as damages to the third party victims which may be:
- Compensation for accidental death, bodily injury or disease to third parties
- Damage to or loss of property belonging to third parties arising out of an accident, including legal costs incurred with the prior consent of the insurer.
- Legal and civil liabilities against the named Insured.
- Extensions for Sudden & Accidental pollution and transportation risks can be
considered as per the requirements of customers at additional rates, terms and
conditions.
Benefits
Policy covers the following benefits:
- Any legally liability liable to pay third party during the policy period
- Includes cover for legal costs and expenses.
- Covers unlimited liability for ADNOC & Other Government related contracts
as per the contractual requirement of the principal.
Premium
Premium rates dependent upon:
- Type of risk based on hazard groups classified.
- The limit of liability and
- Annual anticipated turnover
- Nature and scope of services provided
As the prevailing public law is stringent and the courts are awarding huge sums arising out of liabilities, it is prudent to take such an insurance cover even in cases where it is not mandatory.
Quotation will be offered on submission of a duly completed proposal form to the company. For further details please call us on our telephone or ask for a call back.
Quotation will be offered on submission of a duly completed proposal form to the company.