We designed this collection of insurance products especially for the Services business to provide the appropriate protection to transact its activities safely.

Property Insurance: All Risk

This policy offers comprehensive cover for industrial units, commercial properties against all risks (including accidental damage) excepting those specifically excluded under the policy. There are two types of policies:

  1. Accidental damage policy mainly for commercial property.
  2. Industrial all risks policy mainly for industrial units.

However, both policies specifically exclude any consequential loss.

  • This is an all risk cover resulting in damaging the property of the insured other than specifically excluded, this is a Fire policy including Theft / Accidental damage / breakage of glass by default.

Property Insurance: Fire And Additional Perils

This policy provides indemnity for material damage to the insured property resulting from various perils such as fire and lightning, explosion / implosion, impact damage, aircraft damage, bursting / overflowing of water tanks / pipes / apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, riots, strikes, malicious damage and earthquake, burglary/theft following upon actual forcible and violent entry or exit from the insured premises.

  • This will cover the insured against Fire and named perils such as flood / natural catastrophes, this type is more controllable when underwriting a risk.

Consequential Loss-Property Damage Insurance

This policy broadly covers loss of gross profit on account of interruption of business, consequent upon material damage to property due to fire or any other insured peril under the standard fire, fire and additional perils or all risks policy. This insurance includes cover for increased cost of working following the loss, as well as the standing charges of the business.

Public and Product Liability Insurance

Public Liability

To indemnify the Proposer in respect of his legal liability for accidental death of or bodily injury to Third Party persons and loss or damage to Third Party Property arising out of the Proposer's business or occupation.

Product Liability

Tangible products of manufacturers, traders, sellers, are always exposed to the risk of incurring legal liability to pay damages to consumers or third parties for accidental injury to any person and accidental damage to property arising out of the supply of any product from within the Geographical Limits in connection with the Business or Contract specified in the Schedule and where the claim is first made against the Insured during the Period of Insurance.

  • This policy covers premises liability for third party bodily injury/death and property damage. It can include cover for liability arising out of food and drinks supplied/sold.

Theft Insurance

This insurance policy provides cover against loss or damage of your stocks, furniture, fittings, and all other contents of your shop or business establishments against burglary (theft arising due to violent and forcible entry into or exit from your premises). The damage caused to the premises would also get covered.

Money Insurance

This insurance policy provides cover against loss of money (Cash bank and currency notes, cheques bankers, drafts money orders, securities for money current postage and revenue stamps and unexpired units in franking machines all belonging to the Insured or for which the Insured is responsible):

  1. whilst in transit.
  2. whilst on the insured’s premises specified in the schedule.
  3. whilst in a residence of any principal or director or employee of the insured.

This insurance also provides the following extensions:

  • Personal accident assault
  • Loss or damage employee clothing and personal effect
  • Loss or damage to safes

Credit Insurance

Trade credit insurance seeks to indemnify the insured against losses incurred by them from non-payment of commercial debt. It aims to help the insured's business to avoid heavy losses and achieve growth and profitability. It can be customized to provide business solutions to strengthen the insured's credit management and capacity to support the business.

Plate Glass Insurance

This policy covers any accidental loss or damage to fixed glass or associated frameworks. It is ideal for covering large amount of fixed glasses against accidental damages, which would not be generally covered under a regular property policy.

In addition, the policy will pay the costs necessarily incurred, of boarding up until the broken glass is replaced.

Marine Cargo Insurance

Marine Cargo (Sea, Air and Land) insurance provides cover for loss or damage to goods in transit either within KSA or imports/exports to and from KSA or a combination of both. Marine Insurance can be provided on “All Risks” or restricted cover basis. Open cover and Single Transit policies are available.

Airport Contractors Liability Insurance

It covers the original insured’s legal liability to third parties as may arise out of their aviation operations.

Fidelity Guarantee Insurance

This insurance policy provides cover against financial loss sustained by the insured as a result of acts of fraud or dishonesty committed by the employees of the insured, in the course of their employment. This policy is suitable for covering the dishonesty of employees in the positions of cashiers, accountants, storekeepers etc who handle cash/ stocks of the insured.

Professional Indemnity Insurance

Professionals are considered to be possessing expertise in their line of profession and should exercise proper care while offering the services to their clients. However, as human error cannot be always eliminated, errors and omissions do creep-in in some cases, leading to claims against the professionals for any of their errors or omissions or negligence which may cause financial loss to their clients.

Personal Accident Insurance

Tawuniya's Personal Accident policy provides financial compensation to the victim / his or her family against the death of / permanent or partial disability suffered by the insured due to injuries sustained through accidents during the policy period.

The cover is offered on 24 x 7 basis and worldwide.

Loss of income during temporary disability period, medical expenses for treating accidental injuries can also be covered.

Sabotage & Terrorism Insurance

This policy covers any damage and loss to your business premises operational or under construction and erection. We can also offer insurance cover to the structure and / or contents of your home against the acts of terrorism. Loss of income and additional expenses can also be covered.

Contractors' All Risks Insurance

Contractors' all risks (CAR) policy is specifically designed to protect the interest of contractors, principals, sub contractors, in respect of civil engineering projects like construction of buildings, bridges, road works, etc. It provides an "all risk" cover. Every risk is covered unless it is specifically excluded.

  • This policy can be issued in the joint names of the contractor & the principal to comply with the insurance requirements of the contract.

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