INSURANCE POLICIES:
1. Property All Risks Insurance
2. Jewelers Block Insurance
3. Contractors & Consultants Insurance
4. Professional Indemnity Insurance
5. Public & Product Liability Insurance
6. Event Insurance
7. Life & Medical Insurance
8. Motor & Fleet Insurance
9. Money & Fidelity Insurance
10. Home Contents Insurance
11. Yacht / Pleasure Boat Insurance
12. Travel Insurance
13. Tour Operators Insurance
14. Ship Repairer Insurance
15. Medical Malpractice for Clinics & Hospitals
16. Deterioration of Stocks
17. Machinery Breakdown Insurance
18. Business Interruption / Loss of Profits cover
19. Electronic Equipment Insurance
Property All Risks Insurance Dubai, UAE
Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.
Property All Risks Insurance covers all kind of risk including following except those which are specifically excluded from the policy schedule:
- Property Damages
- All other Contents Clause
- Automatic Reinstatement of Sum Insured
- Architects and Professional Fees clause
- Burglary / Theft Clause
- Capital Additions Clause
- Debris Removal Clause
- Electrical Clause Waiver
- Fire Extinguishing Expenses
- Impact Damage including own vehicles
- Including Third Party / Neighbors / Landlord Liability
- Payment on Account clause
- Properties in the Open
- Public Authority Clause
This Policy does not cover:
Damage to the Property Insured caused by:
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- faulty or defective design materials or workmanship, inherent vice, latent defect, gradual deterioration, deformation or distortion or wear and tear;
- interruption of the water supply, gas, electricity or fuel systems or failure of the effluent disposal systems to and from the Premises;
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- collapse or cracking of buildings;
- corrosion, rust, extremes or changes in temperature, dampness, dryness, wet or dry rot, fungus, shrinkage, evaporation, loss of weight, change in colour flavour texture or finish, action of light, vermin, insects, marring or scratching.
Jeweller’s Block Insurance
Gold Retailers Insurance in Dubai | Gold Traders Insurance in Dubai
A typical Jewelers Block insurance policy in UAE will deliver coverage for an extensive range of risks, personalized to your business requirements. SIMS’s exclusive Jewelers Block policy is developed specifically for jewelers located in and out of gold souqs in entire Emirates. Policy Cover included but not limited to;
- Robbery, including stealing, burglary and theft
- Unintentional damage
- Business disturbance due to fire, shoplifting or other incident
- Items under care & custody
Jeweler’s Block Coverage is a risk policy that delivers custom made coverage for manufacturers, jewelry makers, wholesalers, retailers, dealers and collectors, etc.
20. General Third-Party Liability Insurance
21. Freight Forwarders Insurance
Contractors All Risks Insurance | Erection All Risks Insurance
Project Manager Insurance in Dubai | Civil Engineer Insurance in Dubai
Contractors’ all risks (CAR) insurance is an insurance approach that gives coverage to property damage (Civil Engineering Construction Projects) and outsider (3rd Party Liability) destruction or human injury claims. Policy can be extended to cover the maintenance period as well the actual construction period.
The object of a CAR insurance policy is to protect all parties on a project, owners, contractors, engineers, etc. regardless of the type of destruction and damage to the property or who caused the loss.
Professional Indemnity for Engineers, Consultants, Lawyers, Tax Agents etc.
Professional Indemnity Insurance in UAE | Consultants, Engineers, Lawyers, Tax Agents Insurance in Dubai
Professional Indemnity insurance covers Engineers, Architects, Consultants Legal Advisors & other insurable professionals regarding compensation that they may have to pay to their customers, arising out of glitches connected with the work/projects they have carried out for their clients.
The insurance is tailored to cover the price of protecting you against any claims of misconduct as well as covering compensations that may be given against you. It may also cover the cost of fixing errors and faults with the purpose of avoiding a more costly legal action.
Third Party Insurance Dubai | Liability Insurance in UAE
Dubai Commercial General Liability | Completed Operations Insurance
Several business administrators don’t reserve the opportunity to understand public liability insurance and could meet paying excessive charges for harms if their policy turns out to be insufficient for their needs.
Public liability insurance covers you for the cost of a claim made by an individual from the public that has suffered harm or property damage because of your business, product or services provided to them.
This certifies you against the cost of remuneration to be paid out and additionally the legitimate costs caused by the claims arise.
Life Insurance
Life Insurance in Dubai | Life Insurance Product | Buy Life Insurance
Life Insurance is an agreement between an Insurer and a policyholder in which the insurer ensures payment of a death advantage to named recipients upon the death of the protected policyholder.
Living life to the full is somewhat we all aim to. And having life insurance at SIMS supports you, because you know that if something happened to you, your family will still be looked after. Your life insurance compensation can be used by you to;
- Make up for missing income
- Pay for kids’ education
- Clear any remaining mortgages, loans or credit cards
- Pay off the debt
Medical Insurance
Medical Insurance UAE | Buy Medical Insurance in Dubai
The Medical Insurance policy covers medical expenditures for both inpatient and outpatient treatments either due to accident or sickness.
“According to the Dubai Health Insurance Law No 11 of 2013 that came into effect in January 2014, the legal liability for every sponsor is to provide an essential insurance package.”
Types of medical expenses usually covered under the plan are:
- Room Charges
- Operation Theatre Charges
- OPD Charges
- Diagnostics / Laboratory
- Consultants Fees / Specialists Fees
- Drugs & Medicines
Private Motor Insurance
Car, Motor, Vehicle Insurance in Dubai | Border Transit Insurance Broker Dubai
Getting an auto protection isn’t simply required by law in UAE, but a responsibility as well. In the event of wrong judgment on a road if you make an accident and harm a person or property in Dubai or any of the Emirates, at that point it is your financial obligation to set it right. While auto insurance doesn’t keep accidents from happening, it will give you a security cover to enable you to manage any sort of accidental damages.
There are two kinds of covers available under Motor Insurance:
- Comprehensive or Full Insurance Coverage
- Third Party Liability Insurance Coverage
Money Insurance
Money Insurance Policy in Dubai
Money is constantly vulnerable to accidents such as burglary, theft, stealing and other money crimes. To protect against this risk, “Money Insurance Cover” could be bought. Money means and includes cash, bank drafts, currency notes, cheque, postal orders and current postage stamps.
Money Insurance policy covers;
- “Money” carried by the Insured or the authorized employee, messenger cashier, accountant while in transit.
- Loss of money on transfer caused by robbery, break-in, theft or any other accidental reason
- Money that has not been spent and has been reserved in a safe is also covered after business hours.
- Out of the safe during working hours
Travel Insurance
Travel Insurance in Dubai
No matter how far, how long, or how frequently you travel, SIMS has the right insurance cover for you. You can select from any of our awesome cover options, great overall travel protection choices and you’ll know you’ll have SIMS with you on your tour. You’ll find the correct level of protection for you and your business trip. From short city breaks and business trips to expanded cover for long adventures — we ensure complete peace of mind.
Ship Repairer’s Liability
Ship Repairer’s Liability Insurance in Dubai
This Liability policy is planned for ship repairers and offers protection for equipment under their care, custody & control for damage to ships and vessels during renovation, overhauling or alteration by the Insured.
Coverage can be loss or damage to a vessel while the Insured is involved with sea trials for fault diagnostics, transportation of the ship by the Insured to/from the proprietor, liability of the Insured’s workmen while operational at third party sites.
MBI | Machinery Break Down
Machinery All Risk, Machinery Breakdown Insurance in Dubai
Machinery Breakdown Insurance particularly covers sudden and unforeseen failure of machinery and equipment that are installed and have just keep running in factories. Such failure is caused by human, accidental or physical reasons when machinery and equipment are in operation.
Cover consist of loss or damage causing from machine-driven or electrical breakdown.
Business Interruption Insurance
Business Interruption Insurance Dubai | Extra Expense Insurance UAE
Business interruption insurance is a kind of insurance that covers the loss of income when you have to close your business temporarily because of events beyond your control and a business undergoes after a tragedy.
The income loss covered may be due to disaster-related terminating of the business capacity or due to the transformation process after a disaster. The cover might include, rent and lease payments, loan payments, employee wages, temporary relocation rental expenses, civil authority coverage, losses caused by damage that prevents access to the business area or building.
Electronic Equipment Insurance
EE Insurance Dubai | Telecom Infrastructure Insurance UAE
This is certainly specific kind of insurance based on “all risk” cover. Electronic equipment insurance covers all unexpected and accidental physical losses, which cannot be excluded by insurers. This insurance covers specific items, devices, equipment or computer and data handling devices.
