 Fire And general accident Insurance
The fire and general accidents department at Ain Takaful Insurance seeks to provide all services and offers large variety of insurance services, and to select for its participants the appropriate insurance covers in order to face challenges and risks that they may confront. Ain Takaful Insurance considers the participant at the centre of its attention.
The Company aims at gaining confidence and trust of the participant member through the protection it provides for him and for his family, and for safeguarding his property and providing cover for his legal liability towards third parties as a result of carrying on business. This protection is provided to the participant against any danger that he may be subject to whether this be bodily injury or loss of money. The cover provided is large and diversified and at the lowest possible cost.
The Department also carries out studies in depth on participants such as companies and / or corporations in order to get acquainted with their insurance requirements and to offer the best covers against the risk of fire or any danger covered by insurance under the below – mentioned policies, in order to lessen and limit losses that may occur or that may have repercussions and great consequences on the participant and the national economy.
Fire and General Accident Department provide various classes of insurances under personal lines, commercial lines, Engineering and Liability which are mentioned under Property & Casualty heading.
The details given for all classes are only brief of the cover and not exhaustive. In case of requirement of further details or for any other specific classes other than these kindly contact us.
Fire & Allied Perils: Loss or damage to the property consisting of building, contents, plant and machinery, equipments, Stocks, furniture, fixtures and the like are covered against Fire, Burglary, Lightning, Explosion, Riot, Strike, Civil Commotion, Storm, Flood, Bursting or Overflowing of Water Tanks or Pipes, Earthquake, etc including Loss of Profits.
Property All Risks: The cover offered is wider than the Fire & Allied Perils for the property and contents against accidental loss or damage other than those specifically excluded in the policy.
Burglary: This is a stand alone policy for the insured property and contents against forced robbery or theft due to violent and forcible means.
Householder's Comprehensive Insurance: This policy covers damage to the insured household properties and contents in dwellings caused by Fire, Theft, Water damage and other allied perils.
Fidelity Guarantee: This policy covers the infidelity or dishonesty of employee's subject to the exclusions of the policy due to act of Forgery or Embezzlement, Larceny and/or Fraudulent Conversion.
Money: This policy covers the money during transit or in safe during and outside the business hours subject to the exclusions of the policy.
Third Party/Public Liability: This Policy covers the Legal Liability of the insured to third parties (Personal injury and Property Damage) arising out of and in the course of insured's business. Products Liability can be included as an extension and subject to the exclusions mentioned in the policy.
Workmen's Compensation: This policy covers work-related accidents/diseases of the employees in accordance with the prevailing Labour Laws. Employer's Liability can be included as an extension.
Contractor's All Risks: This policy covers loss or damage to contract works, Construction plant and equipment and/or construction machinery where major portion of works does not relate to erection or installation of any plant and machinery. Cover available under this insurance consists of two sections. Section I covers sudden and unforeseen physical loss or damage to the Contract Works and Section II covers Legal Liability to Third Parties (Bodily Injury and Property damage).
Erection All Risks: This policy covers loss or damage to contract works, construction plant and equipment or machinery. This insurance is designed to insure Engineering works where major portion of the work relates to erection or installation of any plant or machinery. An additional inbuilt cover of 4 weeks testing period is available under Section I of the Policy.
Plant and Machinery: This policy covers plant, machinery, Cranes, Equipments which is ideally suitable for Contractor's who use their plant and equipment on-site or at client's premises against all risks other than those specifically excluded by the Policy.
Machinery Breakdown: This policy covers sudden and unforeseen physical loss or damage to machineries from causes such as defects in casting and material, design faults at workshop or in erection, bad workmanship and the like from any other cause other than those specifically excluded by the policy.
Electronic Equipment/Computer Insurance: This insurance is specifically designed to cover accidental loss or damage to electronic equipment like computers, telecom equipment and the like against sudden and unforeseen physical loss or damage from causes other than those specifically excluded by the policy.
Professional Indemnity : This Policy is meant for covering the liability of professionals like Doctors, Engineers, Lawyers, Chartered Accountants and the like as a result of errors and omissions committed by them while rendering their professional service during the policy period (and retroactive period if any) and within the Territorial Limits stated in the Schedule.
Personal Accident: This policy covers Death/Disability of Individuals or Groups due to accident. The salient features of the coverage are 24 Hours Worldwide and medical expenses incurred as a result of accident are reimbursed.
Travel Insurance: This insurance is for protection against various unexpected events arising during travel outside Kuwait.
Plate Glass: This policy is meant for any breakage of Glass in the premises specified in the Schedule. The insurer's will pay or make good to the contributor the intrinsic value of glass together with the cost of any necessary boarding up pending replacement subject to the limits of value.
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