Professional Indemnity Insurance

Professional Indemnity insurance is designed to cover your businesses in the event that you are pursued by third parties who claim that they have suffered a loss as a result of your company’s professional negligence.

Cover is normally taken by professionals such as accountants, fund managers, lawyers, architects or any professional services providers.

Al Ain Ahlia also offers Medical Malpractice cover which protects medical profession such as doctors, nurses, surgeons, technicians etc against claims of medical negligence. We have plans which caters the requirements of individual professionals as well as corporate customers such as hospitals / clinics / pharmacies.

Directors’ And Officers’ Liability Insurance

Insures against wrongful acts committed by the company’s directors or officers. This provides protection in respect of claims from shareholders, creditors, customers, employees and others, who can sue directors as individuals, for their negligence in the running of, and behavior of, the Company.

Fidelity Guarantee Insurance

This insurance covers the Insured’s financial losses resulting from defalcation, forgery or fraudulent acts committed by an employee for improper personal financial gain.

Fire And Allied Perils Insurance

Insures property destroyed or damaged by fire, lightning, explosion and aircraft impact, but is normally extended to include storm (e.g. hurricane, typhoon, cyclone), water damage (including flood), earthquake (and where relevant tsunami or volcanic eruption), strike riot and civil commotion and vehicle impact as causes of loss. It should be noted that a Fire policy only insures those perils specified in the policy.

Fire and Allied Peril policy can cover home or office building, factories, processing units, Storage units and contents such as furniture, permanent fixtures, appliances, personal effects, machinery and equipment, and stock of raw materials etc.

Sabotage, Terrorism

This policy responds to physical damage (and, if elected, Business Interruption) caused by acts of Sabotage or Terrorism. At the request of the customer, we can provide cover for political risk which is a wider form of cover compared to Sabotage and Terrorism policy which covers property damage due to sabotage, terrorism, malicious damage, riots, strike and civil commotions, war and civil war, coup d’etat, mutiny and insurrection, rebellion and revolution.

Money/Cash In Transit Insurance

Covers loss of cash, notes, securities, cheques, money orders stamps belonging to the business whilst :

• In transit
• In your premises in locked safes/strong rooms outside business hours
• Damage to safes and /or strong rooms

Workmen’s Compensation Insurance

Insures the employer’s obligations to their employees under Labour Law/Workmen’s Compensation Ordinance (Federal Law 8 of 1980, UAE) . In UAE compensation is governed by Chapter 8 of Federal Law No. 1980. This covers injuries suffered employees in the course of employment. Our plans can be extended to cover :

• Medical Expenses
• Expenses for Repatriation of Mortal Remains
• Employer’s Liability
• 24 hours Personal Accident

Public Liability Insurance

Covers a wide range of legal liabilities to third parties for injury or property damage arising client’s normal business activities.

All businesses have a legal liability to their customers, suppliers and the general public. If a third party suffers bodily injury or damage to their property arising out of the client’s business activities, maintenance of business premises and the actions of its employees, they may be held liable. A court can award significant compensation against the company, the effect of which may be compounded by the impact on the company’s time, reputation, and defense costs. Public Liability insurance will indemnify for compensation awarded in court and the associated costs for investigation and defense of claims.

Products Liability Insurance

Insures against company’s legal liabilities to third parties for bodily injury or loss of or damage to property caused by the company’s products or goods.