Group Protection: Covers death or disablement due to accidents or sickness
Group Health Insurance: Health insurance in KSA is compulsory and regulated by CCHI. Coverage includes in-patient and out-patient medical expenses; including Materinity, Optical, and Dental treatments.
Services Property & Casualty
Property All risk: Covers against accidental physical loss or damage to the property due to any cause including Fire and allied perils and consequential losses associated with the perils insured.
Fire and perils: Covers against accidental physical loss or damage to property caused by Fire, Lightning, Explosion, impact damage, natural catastrophes, and other named perils that may be added as extension.
Theft (Burglary): Covers against loss or damage due to theft by forcible entry/exit into the insured premises.
Money and Fidelity: Covers against loss of money in safe as well as while in transit during business hours. Also Covers loss due to speciﬁc dishonest acts of employees.
Motor Fleet: Covers physical loss or damage to the private or commercial motor vehicles of the Company as well as legal liability towards Third Party due to road accidents
Contractors All Risks (CAR): provides Comprehensive Cover against physical loss or damage to the property/contract works during its construction, including Contractor's plant and
equipment as well as liability towards Third Party arising during the Construction period.
Erection All Risks (E.A.R): provides comprehensive Cover against physical loss or damage to the Machinery/Plant/Project during its erection, including liability towards Third Party
during the erection period.
Machinery Breakdown: Covers against losses which arise suddenly and unforseenably and physically affects Computer hardware, Communication equipment, Medical equipment, and
other electronic equipment, including damage to data media.
Third Party Liability: Covers the Insured's legal liability towards Third Party for loss or damage to their Life and Property due to the professional negligence of the Insured or his
employees. Could be extended to cover food or drink poisoning.
Employer's Liability: Covers Employer's legal liability towards his employees for death or injury happening during the period of Employment as a result of negligence or on act of tort from the employer.
Products Liability: Covers manufacturers or suppliers legal liability towards Third Party for loss to their Life and Property caused by the product to end-users.
Services Marine & Aviation
Cargo: Covers loss or damage to all sorts of Cargo in bulk, on pallets or in containers by sea or by airfreight from suppliers worldwide to Customers warehouse in the KSA or vice versa.
Hull: Covers the Ship or Yacht and its components such as body and machinery from different surrounding risks, such as Sinking, Fire etc... including Liability towards Third Party.
lnland Transit: Covers loss or damage to cargo during Inland transportation from or to the Insured's destinations within the KSA/ and could be extended to GCC and any other Arab
Aviation: Covers the plane and its Components from surrounding risks, including liability to Third Party.
Services Risk Management
In association with our Insurance Professional and technical contacts, we produce a comprehensive risk coverage program for the entire risk in question to ensure appropriate
protection for the client , his associates and for the public.
RISK IDENTIFICATION: Before any action is taken it is important that the nature of the risk be indentiﬁed and its potential impact assessed. Our team achieves this by:
Review of policy wordings, contracts and other documentation
Interviews with management and staff connected with the project.
RISK REDUCTION: Measures can be taken to reduce the probability of loss occurrence. For example safety and security surveys can be carried out , and appropriate action recommended Further effective action can be taken through education and planning.
RISK INSURANCE COVERAGES: Unless the risks have been identified and assessed there is no way of knowing whether insurance arrangements are valid and which coverage is necessary.
I.I.R.B. Services achieves this by a unique strategic approach to risk management.
LOSS MANAGEMENT: Once losses occur it is essential that the quantiﬁcation and settlement process should be speedy and accurate.