Commercial Insurance
Public Liability Insurance
Noble Insurance can arrange policy protecting not only your Company from legal liability, which may arise due to negligence and/or errors of your Management / workers but also third party property damage or Bodily injury/death.
The cover suits all the entrepreneurs exposed to liability due to negligence arising out of accidents during the course of their business operations.
Covers
This policy indemnifies against the amount the insured’s legally liable to pay a damages to the third party victims.
- Compensation for accidental death, bodily injury or disease to third parties.
- Damage to or loss of property belonging to third parties arising out of an accident, including legal costs incurred with the prior consent of the insurer.
- Legal and civil liabilities of the directors and officers of the company.
- Extensions for pollution and transportation risks can be considered as per the requirements of customers at additional rates, terms and conditions.
Premium rates depend upon the type of risk based on hazard groups classified, the limit of liability, the annual anticipated turnover and the nature / scope of services provided.
As the prevailing public law is stringent and the courts are awarding huge sums arising out of liabilities, it is prudent to take such an insurance cover even in cases where it is not mandatory.
The policy covers legal liability for Accidental Property Damage of and/or Death/Personal Injuries to Third Parties arising out of operation of the insured business within the Territorial Scope. The policy specifically excludes liability arising out of products being sold, supplied or professional services rendered by the Insured, loss or damage to property belonging to or in the care, custody or control of the Insured, and liability to employees against occupational accidents/injuries.
Our technical team will be happy to assist you should you require additional information or further clarification.
General Third Party Liability Insurance
Noble Insurance can arrange General Third-Party Liability Insurance to provide indemnity to the insured against legal liability in the event of accidental bodily injury &/or property damage, caused by any defect in the insured’s ways, works, machinery or plant or negligence of the insured.
Comprehensive general liability policy refers to an insurance policy that is obtained by a business. It covers damages that the insured becomes legally obligated to pay to a third party. Insured becomes liable to pay to a third party because of bodily injury or property damage. Comprehensive general liability policy is also known as general liability policy or commercial general liability policy
Our technical team will be happy to assist you should you require additional information or further clarification.
Workmen's Compensation Insurance
Noble Insurance can arrange Workmen’s Compensation Insurance to provide indemnity against injury, disability &/or death of any workmen whilst on work as per Labour law.
Workers in any organization are exposed to work related accidents and are therefore well protected under the UAE Federal Law No.8 of 1980 and subsequent amendments thereto. The Federal Law of UAE makes it mandatory for the employers to pay compensation to the employee(s) due to an accident arising out of and in the course of their employment.
Workmen’s Compensation Policy indemnifies the employer against all sums payable under the U.A.E. Federal Law No. 8 of 1980 and subsequent amendments to pay compensation to any employee due to accident arising out of and in the course of employment.
- Medical Expenses: Medical expenses benefit for work related accidents for up to AED 50,000/- per person.
- Expenses for Repatriation: Repatriation expenses for transporting the deceased body following a work-related accident up to AED 50,000/- per person. (Higher limits can be considered at an extra premium).
- Employer’s Liability: Up to AED 1,000,000/-Any One Accident &/or in the annual aggregate (Higher Limit can be consider)
The premium rate is applicable to the Estimated Annual Wages of the employees which are adjustable at the end of the policy period based on the actual annual wages. The premium chargeable depends on the nature of work, the risk involved for the cover/extensions to the policy.
Our technical team will be happy to assist you should you require additional information or further clarification.
Employer's Legal Liability Insurance
Employer’s Legal Liability Insurance protect employer against the legal liability towards injury &/or disability &/or death of any workmen. This cover is normally provided as an extension under Workmen’s Compensation Insurance policy up to a specified limit.
Employer’s Liability Insurance indemnifies employers to pay compensation which they are legally required to pay under the Common Law for personal injury or death by accident arising out of and in the course of the employment.
The Policy also pays for all costs and expenses incurred in defending any claim for compensation, but with the prior consent of the company.
The premium rate is applied on the Limit of Indemnity. The premium rate depends on the nature of work and the risk involved.
Our technical team will be happy to assist you should you require additional information or further clarification.
Products Liability Insurance
When you think of your product, do you think of all the implications that can arise from its use? Or do you focus solely on getting the product in the hands of the consumer and advertising to keep your brand name in the minds of the public? Most companies think of all these things and more.
They have come to realize that they are just as vulnerable to mishaps like property damage and injury arising from the use of their products as anything else. That is why companies focus on protection by obtaining product liability insurance.
The manufacturers or sellers of goods can be protected by Product Liability Insurance against any compensation or damages, which they may be called upon to pay as a result of accidental bodily injury or property damage caused by defective products.
This cover can be granted as an extension to Third Party Liability Insurance to protect against legal liability to Third Parties for property damage and/or death/personal injury arising out of defects in the products sold, supplied or manufactured by the Insured. Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.
Products Liability distinguishes between three major types of product liability claims:
- Manufacturing defect,
- Design defect,
- Failure to warn (also known as marketing defects).
However, in most states, these are not legal claims in and of themselves, but are pleaded in terms of the theories mentioned above. For example, a plaintiff might plead negligent failure to warn or strict liability for defective design.
- Manufacturing defects are those that occur in the manufacturing process and usually involve poor-quality materials or shoddy workmanship.
- Design defects occur where the product design is inherently dangerous or useless (and hence defective) no matter how carefully manufactured; this may be demonstrated either by showing that the product fails to satisfy ordinary consumer expectations as to what constitutes a safe product, or that the risks of the product outweigh its benefits.
- Failure-to-warn defects arise in products that carry inherent nonobvious dangers which could be mitigated through adequate warnings to the user, and these dangers are present regardless of how well the product is manufactured and designed for its intended purpose. Product liability is a protection against financial loss arising out of the legal liability incurred by an insured because of injury or damage resulting from the use of a covered product or out of the liability incurred by a contractor after a job is completed.
Product liability insurance protects companies in the event that the products they have manufactured injure someone or cause property damage. In the case of lawsuits, product liability insurance protects a business financially due to claims or product defects. If you manufacture products to sell to the public it is a good idea to get product liability insurance so you can avoid unpleasant situations like a lawsuit that could possibly put you into bankruptcy or cause you to go out of business.
Product liability insurance policies go a long way in giving you the security you need as a business to produce products that are useful and valuable to your customers. However, you need to be aware of the implications arising from producing your products once they get into the hands of the consumers that will purchase them.
Our technical team will be happy to assist you should you require additional information or further clarification.
Haulier's Liability Insurance
Haulier’s Liability Insurance cover damage to cargo caused by fire, explosion or accident to the carrying vehicle, arising out of negligence of the insured and/or servants. The owner of the vehicle (Insured) is legally liable for such loss/damage. Such loss/damage to cargo is not covered under Motor insurance.
Transportation of general cargo like foodstuff, chemicals, and other products is a responsibility that involves enormous risk. This policy protects the organization involved in the transportation of goods belonging to others.
Our technical team will be happy to assist you should you require additional information or further clarification.