We offer a comprehensive range of Business Insurance products,
delivered with a personal service, to protect your business.
Our insurance policy options protect your assets, revenues and liabilities to bring you peace of mind.
We cover
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Property
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Liability
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Marine and aviation
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Employee benefits
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Engineering
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Other
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Property
Fire insurance and special perils (including burglary)
This policy covers your
properties against loss due to fire, burglary, lightning, explosion, riot,
strike, civil commotion, storm, flood, bursting or overflowing of water tanks
or pipes, or earthquakes (insured perils). It is important that the property is
not undervalued for insurance quotation purposes. If it is, and there is a
claim, then the claim will be adjusted against the undervalued amount.
Property all risks
This policy offers wider
coverage than a standard fire and special perils insurance. The insurance covers
your properties against accidents, physical loss and/or damage. The cover is
subject to certain exclusions.
Business interruption
This is a special class
of insurance that covers your loss of revenue/profits following damage to the
properties covered under your policy. This policy cannot be taken as a
stand-alone insurance and has to exist alongside a property insurance policy.
Additional cover is available under the policy. This may include cover for
standing charges that are incurred during the period of interruption. It may
also include the increased cost of labour that may be incurred to revive
business operation, such as rental of alternative premises and office
equipment.
Marine and aviation
Marine cargo
Cargo logistics and
movement can involve risk, particularly when moving highly sensitive goods.
Issues that may arise include collision, natural hazards, sinking, piracy and
war. Cover can be sought for all cargoes including shipments of high-value or
high-risk goods on a warehouse-to-warehouse basis.
Inland transit (goods in transit)
Goods being delivered
from a supplier to a customer overland, whether by road or rail, can be covered
by an inland transit policy. This is also referred to as ‘goods in transit’ insurance.
The cover is very similar to marine cargo insurance.
Marine hull
This covers loss or
damage to hull and machinery of a marine vessel. The hull is defined as the
structure of the vessel. Machinery is the equipment that generates the power to
move the vessel and control the lighting and temperature systems within the
vessel such as boiler, engine, cooler and electricity generator. Yachts may
also be insured under a marine hull policy. A typical hull and machinery policy
also covers 3/4 collision liability.
Aviation
This policy provides cover
for several risk areas in one policy. This includes cover for the hull of an aircraft, liabilities for
passengers and cargo, liability to third parties as well as liability coverage
whilst an aircraft is taxiing (also referred to as airside liability).
Engineering
Contractors all risks (CAR)
This policy is specially
designed to insure civil works where a major portion of the work does not
relate to erection or installation of any plant and machinery. This insurance
offers cover in two areas. The first covers any sudden and unforeseen physical
loss or damage to the contract works. The second covers the legal liabilities
resulting from any third party property damage caused by an accident at the
contract site. Cover can be extended to include construction plants and
associated machinery, temporary buildings, maintenance periods, off-site
storage and related inland transportation.
Erection all risks (EAR)
This policy offers cover
similar to CAR with the exception that this cover is specifically designed to
insure engineering works, where a major portion of the work relates to the erection
or installation of any plant or machinery (e.g. a gas turbine plant). The policy
offers cover under two sections, similar to contractors all risk insurance,
with additional in-built cover of four weeks' testing period under section one
of the policy.
Contractors' plant and machinery
This policy is specially
designed to cover your machinery, plant, cranes and other equipment. It is
ideally suited for contractors who use construction plants and equipment
on-site at their client’s premises. The policy offers cover against any
unforeseen and sudden physical loss or damage to the plant and machinery
itself. Indemnity is made on new replacement value and therefore must be
insured on this basis to avoid under insurance, which will affect the amount
paid out in the event of a claim.
Machinery breakdown
This policy offers cover
for mechanical and electrical breakdown, subject to certain exclusions. Whilst
contractors' plant and machinery insurance covers any sudden, physical accident
damage to the machinery, it excludes loss due to mechanical or electrical breakdown.
A complete insurance package for plant and machinery would have both covers in
place.
Electronic equipment breakdown
This policy is
specifically designed for electronic equipment, and offers cover similar to the
machinery breakdown insurance. However, this insurance has two additional
sections offering cover for external data media under section two (includes
cover for expenses related to the reconstruction of that data media following a
loss covered under section one) and cover for increased cost of working under section
three (additional expenditure for the use of substitute equipment following a
loss covered under section one). For a complete insurance package for
electronic equipment, it is recommended to insure items under both a property
all risks and electronic equipment breakdown policy.
Liability
Public liability
This insurance covers
legal liability of the insured against any third party, including bodily injury
and/or property damage arising from the insured party’s business operations.
Workmen's compensation and employer's liability
This policy protects your
business against employee death, bodily injury and illness arising out of work-related exposures in accordance with Qatari labour laws (specifically, articles
59 and 60 of the Qatari labour law). This policy can also be extended to cover employer’s
liability as per Sharia law.
Professional indemnity
This policy can protect a
business if claims are brought against it by a client due to professional
negligence. This cover is suitable for all types of professions.
Products liability
This policy protects your
business from claims related to the manufacture or sale of products, food,
medicines or other goods to the public. It covers the manufacturer’s or
seller’s liability for losses or injuries to a buyer, user or bystander caused
by a defect or malfunction of the product, and, in some instances, a defective
design or a failure to warn. The damages awarded in these type of claims
include medical costs, compensatory damages, economic damages, and, in some
instances, legal fees, costs and punitive damages.
Directors' and officers' liability
A director faces
potential legal liabilities on all sides. With the onset of more stringent
corporate governance guidelines and increasingly complex legislation, recent
years have seen a dramatic rise in the number of claims against directors both
as result of shareholder class actions and individual claims. This policy is
the most effective way of ensuring a level of protection against the potential
costs of a court case or settlement of a claim.
Employee benefits
Group personal accident
This insurance policy provides
peace of mind for your employees, helping to avoid difficult and conflicting
issues with staff if they are unable to work due to injury. The policy provides
cover for accidental death, permanent disablement benefits, temporary
disablement and weekly benefits. This cover applies 24-hours a day, worldwide.
Group life
This policy is a benefit
given by an employer to an employee. This covers death (all causes). It also
features optional cover such as permanent total and permanent partial
disability. This cover applies 24 hours a day, worldwide.
Group medical
Under this policy, an
employer provides medical insurance to its employees and their immediate family
in terms of inpatient and outpatient treatment. Cover is usually on a direct
billing basis, with a preferred network of hospitals and clinics. Treatment
outside of the network would be on a reimbursement basis. Extra optional cover
is usually available to the client. This might include maternity and dental
cover.
Other
Money
This provides cover for
money when it is being transported by insured parties between the premises and
the bank, or on the premises in a safe or locked drawer. It also covers money
stored at an employee's or director's home in the event of a burglary and/or other
incident.
Fidelity guarantee
This protects a company’s
money, securities and assets from criminal activity that might not be covered
under a generic property policy. The insurance provides coverage for acts such
as employee dishonesty, forgery, embezzlement, fraud and electronic or computer
fraud. Cover typically extends to money in transit and worldwide coverage,
rather than just on the business property.
We also offer other
specialist insurance policies to cover the following areas; trade credit,
haulers’ liability, freight forwarders’ liability, tour operators’ liability, stockbrokers’
liability, terrorism, builders’ risk, port operators’ liability and event
cancellation.
To find out more about insurance options tailored to your business, send email to nonrm.enterprise@cbq.qa