1- Products Damage Liability Insurance
This insurance covers your legal responsibility for any personal harm or property damage caused by products you offer or create, including the contents.
2- Employer’s liability
This policy is intended to protect the Employer from any legal responsibility for body injuries or death that may result from any violation of Kuwaiti labor laws.
3- Third Party’s Liability
The third-party insurance policy provides coverage for body injuries (both fatal and non-fatal), third-party property loss, and legal liability that the contributor might incur while doing his or her work (third party means: each person not related to the Insured).
4- Professional Indemnity Insurance
According to the terms and limits of the policy, professional liability insurance covers the legal liability incurred as a result of professional mistake on subscribers such as doctors, engineers, lawyers, and all consulting institutions when practicing the profession during the insurance period.
5- Political Violence Insurance
Provides financial protection to investors, financial institutions and businesses that face the possibility of losing money because of political events. Political risk insurance protects against the hazard that a government will take some action that causes the insured to experience a large financial loss. Political risk insurance can cover many possibilities, such as expropriation (e.g., government confiscation of property), political violence (e.g., acts of civil unrest or insurrection), the inability to convert local currency and repatriate it, sovereign debt default, and even acts of terrorism and war according to the conditions and Limits of the insurance policy.
6- Managers & officers Liability Insurance
The properties and personal wealth of the Board of Directors and Executives are protected by this policy from the costs of legal actions related to defending the insured people. The policy covers legal costs and attorney fees as well as the value of judgments rendered against the insured in cases where the improper act was committed as a consequence of a breach of duty, trust, mission, omission, mistake, incorrect details, default, or any other similar act. The coverage may be extended to cover investigation costs, retired managers and non-executives, wanted person arrests, and additional covers.
7- Financial Insurance
Emanating from our belief to perform the insurance mission in the ideal manner and to fulfil all the needs of the Customer who are under protection, we conduct a study and develop covers related to the financial insurance. These policies are designed for Investment Companies, decision-makers, and companies involved in Financial and electronic dealings and investment Funds in order to protect all activities and works of the said Companies, namely:
• Board of Directors and officers Insurance
• Protection of Financial stock Brokers Policy
• Investment Managers insurance Policy
• Financial Dealings policy
8- Banker’s Blanket Insurance
To help banks and other financial institutions deal with potential hazards, this policy was created expressly for them. It offers the following coverage’s as standard coverage:
• Infidelity of insured’s employees.
• Loss of cash: This includes cash &/or securities &/or valuables held in vault or safes due to theft or hold-up or other perils.
• Loss of property while in transit anywhere in the custody of an employee or other authorized person or while in the custody of any security or armored vehicle of the company.
• Forgery or fraudulent alteration of checks, bills of exchange, acceptances, drafts, certificates of deposit, letters of credit, and similar documents.
• Loss of securities which prove to have been counterfeited, forged, fraudulently altered or lost or stolen
• Loss due to counterfeited currency.
• Offices and contents, i.e. loss of or damage to furnishings, fixtures, equipment, stationery etc. Due to theft, hold up, vandalism or malicious mischief.
• Legal fees, i.e. the policy indemnifies the insured for all reasonable legal fees, costs and expenses incurred in defense of any demand, claim or suit or legal proceeding.
9- Group Personal Accidents Insurance
The personal accidents policy provides coverage for medical costs incurred as a result of accidents that result in death, limb loss, permanent total disability, temporary total disability, or partial disability that lasts more than 24 hours.
