Contractor's All Risks Insurance. The basic concept of this cover is to offer comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and/or bodily injury arising in connection with the execution of a building project.
Al Wathba Insurance's CAR Policy has two sections.
This section provides coverage for losses on materials and contract works from a variety of risks such as:
This section provides indemnity to third party due to the Legal liability of the insured resulting from negligence of the insured up to an agreed limit(s) for
Maintenance Period Cover protects the insured's against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract subject to the cause of such loss or damage having originated during the period of insurance
The factors influencing the premium rate for CAR are the Quantum of Contract Value, Period of Contract, Value of Construction Plant & Machinery, nature & type of project, previous loss history of the contractor and the experience of the contractors in similar type of projects.
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.
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. Our insurance delivers financial protection against events of any cause whatsoever occurring at work, at rest or during maintenance operations, and is not limited to a specific construction site.
There are different types of Construction Plant and Machinery that are usually put into operation at the construction or Erection site. The Plants, Equipment and Machinery are exposed to a number of risks exist in addition to the exposure to natural calamities. Such Machinery and Plants include shovels, excavators, rollers and dumpers amongst others.
Al Wathba Insurance's CPM Policy covers Contractor's Plant and Machinery against any unforeseen and sudden physical loss or damage from any cause including electrical or mechanical breakdown but except those specifically excluded under the terms of the Policy. The indemnity under the policy is for replacement or repair.
Premium rate is based on factors like replacement value of Plants & machinery, model & type of Machinery, age and working conditions, maintenance history, previous claims history and contractor's experience etc.
For further details, please call us on our telephone or ask for a call back.
Erection All Risks Insurance. The basic concept of this cover is to offer comprehensive and adequate protection against all the site risks involved erection of machinery and plant as well as steel structures of any kind.
Erection All Risks Insurance has two sections providing coverage as under:
This Section provides coverage for losses and / or damages to materials and erection works owned by principals and contractors / subcontractors against
This section provides indemnity to third party due to the Legal liability of the insured [subject to the limits under the policy] resulting from negligence of the insured or his employees causing:
Accidental bodily injury &/or death to third parties (Not members of the insured's family or their employees), accidental damage to Property (excluding Property belonging to or in the custody or under the control of the Insured, his family members or his employees), and Legal expenses for defending any proceedings with Insurer's consent.
Maintenance Period Risks: After the Erection works, including testing and commissioning, covered under the EAR policy is completed, maintenance period cover comes to effect. During this period the cover is against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract insured/contractor's provided the cause of such loss or damage originated during the period of insurance.
Premium is charged on the total erection value of the contract and is based on factors such as nature, location of project site, period of erection, experience of the erectors etc. For further details, please call us on our telephone or ask for a call back.
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 such as defects in casting in material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness and explosion are just some of the causes that can be covered by MBI.
Machinery and Equipment used in various industries are exposed to risks of unforeseen and sudden mechanical or electrical breakdown resulting in loss or damage. Such losses may be repairable or sometimes need replacements.
Sum insured for this insurance should be the replacement cost including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum actually should have been insured.
Premium rate is influenced by factors such as values, type, make, model and age, nature and type of industry where used, experience of the industry, loss history.
For further details, please call us on our telephone or ask for a call back.
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 and other data processing machines. The policy also covers (hardware), data media center (software; data media and the cost of restoration of information) and increased cost of working (additional expenditures in case of a loss or damage).
Electronic Equipment used in various industries and offices are exposed to risks of unforeseen and sudden causes resulting in loss or damage. Such losses may be repairable or sometimes need replacements.
This Policy applies to the insured items at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the aforesaid operations, or during subsequent erection after commissioning.
Sum insured for this insurance should be the replacement cost including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum actually should have been insured.
Premium rate is influenced by factors such as values, type, make, model and age, nature and type of industry where used, experience of the industry, loss history.
For further details, please call us on our telephone or ask for a call back.
Loss of Profits following Machinery Breakdown [LOP]. It is designed to provide coverage for the actual loss of profits, sustained as a result of business interruption caused by an accident, indemnifiable under the Machinery Breakdown Insurance Policy.
The consequential loss following a breakdown of machinery, plant or equipment due to a sudden and unforeseen event would sometimes be worse than the extent of physical damage. Production and business comes to a standstill sometimes, but fixed expenses such as salary, wages, interest on capital, rent etc., will continue to be incurred resulting in loss of gross profits and increased cost of working during the interruption period.
In order to have a full understanding of the terms listed below as well as the nature and scope of coverage under the policy, we recommend customers and prospects to study the conditions, exclusions and definitions stated in the policy or contact our technical staff in Engineering Insurance Department.
Premium rate is influenced by factors such as total turnover, Limit [gross profits selected], period of indemnity, voluntary time excess, nature & type of risk, location, industry experience, previous loss history etc.
For further details, please call us on our telephone or ask for a call back.
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 which are destroyed due to unforeseen and sudden breakdown of refrigerating machinery.
Al Wathba Insurance's Deterioration of Stock Insurance is designed to provide coverage against damage or loss from deterioration of stocks in a controlled temperature of the cold storage due to breakdown of refrigerating machinery including rise or fall in temperature and escape of refrigerants.
In order to have a full understanding of the nature and scope of coverage under the policy, we recommend customers and prospects to study the conditions, exclusions and definitions stated in the policy or contact our technical staff in Engineering Insurance Department.
Premium rate is influenced by factors such as value of stock in cold storage, age and condition of refrigerating machinery, location & construction of building and nature & type of risk, industry experience, previous loss history etc.
For further details, please call us on our telephone or ask for a call back.
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.
The accident insurance for boilers and pressure vessels against the risk of explosion and collapse due to the following causes:
Normally issued on an annual basis commencing and ending at 12 midnight.
In order to have a full understanding of the nature and scope of coverage under the policy, we recommend customers and prospective clients to study the conditions, exclusions and definitions stated in the policy or contact our technical staff in Engineering Insurance Department.
For further details, please call us on our telephone number or ask for a call back.
The right plan depends on your needs, lifestyle, and level of protection you’re looking for. Our solutions are designed to be flexible, so you can choose coverage that fits you best
You can get a quote online in just a few minutes by entering basic details. Alternatively, you can reach out to our team or one of our trusted partners for assistance.
Yes, many of our plans offer flexible options and add-ons, allowing you to tailor your coverage based on what matters most to you.
Typically, you will need identification documents and relevant details depending on the type of insurance. The exact requirements will be shared during the quote or purchase process.
Claim processing time depends on the type and complexity of the claim. We aim to handle all claims as efficiently and transparently as possible.
Yes, most policies can be renewed online quickly and easily. You will receive reminders before your policy expires to ensure continuous coverage.
You can request changes to your policy at any time. Our team will guide you on what can be updated and any applicable terms.
Yes, we take data privacy and security seriously. Your information is handled with strict confidentiality and in line with regulatory requirements.
Our customer support team is always here to help. You can reach us via phone, email, or digital channels for any assistance.
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