Key Features

• Fidelity Guarantee Insurance

  This insurance provides protection to the employer against financial losses arising from acts of fraud, breach of trust, or forgery committed by the insured employee during their period of employment. Such acts include those related to funds or goods owned by the employer and handled by the employee in the course of their duties. Coverage applies on the condition that the loss is discovered during the policy period or within six months of its expiry, provided that no more than six months have elapsed since the termination of the concerned employee’s service.

• Money Insurance
  This insurance provides comprehensive protection for cash against risks it may be exposed to during storage or transit. The coverage includes:
  • Loss of cash while in vaults or secure rooms within the insured party’s premises.
  • Loss of cash outside the vault during working hours due to robbery or threat of violence.
  • Loss of cash during transit resulting from direct attack or threat to the life of the money carrier, as specified in the policy.
  • Loss or theft of cash inside the insured party’s premises, excluding losses due to robbery or violent acts.
  This insurance helps reduce financial risks associated with daily cash handling and grants companies and institutions a higher level of safety and confidence.
• Personal Accident Insurance
  This insurance provides financial coverage in the event of death or loss of one or more body parts, whether partial or total, temporary or permanent. It aims to protect financially vulnerable individuals against unexpected accidents other than occupational injuries.
  Scope of Coverage:
  • Death resulting from an accident.
  • Total or partial permanent disability due to an accident.
  • Temporary disability resulting from bodily injury.
  • Medical expenses resulting from temporary injury.
  This insurance is globally recognized, applicable at all times, with clearly defined beneficiaries from the policy—whether the company or legal heirs or any other designated persons. It includes coverage for permanent partial disability as specified in the policy.
• Product Liability Insurance

  This type of insurance provides coverage for establishments against legal liabilities arising from damages to property or bodily injuries caused by defects or faults in products supplied by the company. It covers claims for damages that may arise after the sale or use of the product by the customer, thereby contributing to protecting the commercial reputation and reducing financial risks resulting from such incidents.

• Professional Indemnity Insurance
  This type of insurance provides the necessary coverage for professionals who offer consulting or intellectual services in exchange for fees, such as engineers, designers, planners, financial consultants, insurance brokers, and others. It aims to cover legal liabilities that may arise from professional errors, omissions, or negligence during the performance of their duties.
  The insurance coverage includes compensation for:
  • Financial losses resulting from errors or professional negligence.
  • Legal defense costs for the insured when faced with lawsuits during the policy period.
  • Claims arising from bodily injuries or material damages caused by professional negligence in delivering the service.
  Claims must be filed within the coverage period, and errors or omissions must have occurred after the effective date specified in the policy schedule.
• Third-Party Liability
  This insurance provides protection for the insured party against legal claims that may be brought against them by a third party for bodily injury or material damage resulting from their activities or business operations.
  Coverage includes:
  • Compensation for death or bodily injury to persons other than the insured party’s employees or family members who participate directly or indirectly in the insured’s work.
  • Compensation for damages to third-party property that the insured party does not own or have under their responsibility or control, or property on which the insured’s employees, contractors, or subcontractors work.
  • Legal defense costs in case of claims, subject to the insurer’s approval. This coverage applies within the limits and specified works in the policy schedule throughout the policy period.
• Workers’ Compensation
  Workers’ compensation insurance is one of the essential compulsory insurance requirements mandated by the Saudi Labor Law, which obligates employers to compensate workers in case of injury or illness suffered during the performance of their duties.
  This insurance policy provides coverage against the legal liability borne by the employer toward employees, and includes:
  This insurance policy provides coverage against the legal liability borne by the employer toward employees, and includes:
  • Compensation for medical expenses resulting from occupational injuries.
  • Payment of compensation for injuries or diseases stipulated by the provisions of the Labor Law.
  • Protecting the employer in case the employee litigated for a negligence-based case, rather than just sufficing with the regulatory compensation.
  This policy contributes to strengthening compliance with labor regulations and provides a safer and more stable work environment.