General Insurance
Business & Commercial Insurance
Running a business involves numerous risks, many of which are beyond your control. Business and commercial insurance provides a safety net that allows you to manage these risks effectively. Without it, you could face devastating financial consequences from events like natural disasters, theft, or lawsuits. By investing in business and commercial insurance, you’re safeguarding your business’s future and ensuring long-term stability.
Choosing the right policy involves assessing your business’s specific risks and needs. Start by evaluating the potential hazards you face, such as natural disasters, employee injuries, or customer lawsuits.
Yes, Business and Commercial Insurance policies can and should be customised to fit your business’s unique needs. A one-size-fits-all approach doesn’t work for business and commercial insurance because every business faces different risks. Customising your policy ensures you have the right coverage for the specific threats you might encounter, giving you peace of mind and optimal protection.
Construction Insurance
Construction All Risk Insurance is a comprehensive and specialised insurance package designed to cover a project from start to finish. It combines two key protections into one policy:
Material Damage: Covers physical loss or damage to the contract works (the structure being built) and all materials on-site from sudden, unforeseen events.
Third-Party Liability: Covers your legal liability for accidental property damage or bodily injury to third parties (like the public or neighboring properties) arising from your construction activities.
While not a universal legal requirement by the government, it is 100% contractually mandatory for any legitimate project. Project owners, developers, banks, and financiers will not allow any work to begin (including site preparation) until a valid Construction policy is in place. It is a fundamental requirement for securing contracts and project financing.
Fidelity Guarantee Insurance
Fidelity Guarantee Insurance covers your own company’s direct financial losses caused by the dishonesty of your employees. Professional Indemnity Insurance, on the other hand, protects your business against claims from third parties (like clients) who have suffered a financial loss due to your professional negligence, errors, or omissions.
While it is not federally mandated for all companies, it is a best-practice policy for any well-governed company.
Insurers assess your risk profile based on several factors:
- Limit of Indemnity: The maximum amount you wish to be covered for.
- Number and Roles of Employees: The number of staff covered and their level of access to funds.
- Nature of Business: The industry you operate in and its inherent risks.
- Internal Controls: This is a key factor. Strong internal controls, such as dual signatories, regular internal audits, mandatory leave policies, and thorough background checks, can significantly reduce your premium.
Home and Property Insurance
While having Home & Property Insurance isn’t a legal requirement, it’s strongly advised you have a policy in place. For most people, their home is their largest asset, so property insurance provides protection against the unexpected. Most mortgage providers will also make it a requirement that having an insurance policy in place is a part of their lending conditions and agreement.
Building insurance will cover the cost of rebuilding or repairing your villa or apartment if an incident like a fire, storm, or major leak occurs. It will cover things like the building structure, roof, walls, doors, fitted bathrooms and kitchens. Building insurance doesn’t cover possessions such as appliances, electrical equipment, computing equipment and furniture, you will need content insurance for this.
The cost of Home & Property Insurance depends on several factors including the property’s value, location (e.g., Dubai Marina vs. a suburban community), size, age, and construction materials. Your claims history and the presence of security systems, which can reduce premiums by protecting against theft, are also important considerations.
At Addison Bradley Emirates, we guide our clients through every step of their insurance journey. We begin by assessing your unique needs to identify the best combination of value and comprehensive cover available in the UAE, ensuring you get a policy that is perfectly suited for you.
The cost depends on several factors, including the property’s rebuild cost, year of build, construction materials, location, and any security systems in place, among others.
Building insurance typically covers the cost of rebuilding or repairing your home for loss or damage caused by:
- Theft, attempted theft, and vandalism.
- Fire, storms, explosions, and other natural events.
- Water damage from burst pipes or leaking appliances.
- Impact damage from vehicle collisions.
- Damage from fallen trees or lampposts.
Our process begins with a detailed consultation to understand your unique requirements, as we believe every client is different. We ensure complete clarity at every step. Once your needs are identified, our team of experts excels at sourcing the most suitable and competitive cover from the UAE insurance market to provide you with total peace of mind.
Marine & Cargo Insurance
The insurance premium is calculated based on several factors, including the total value of the goods, the type of cargo, the shipping route and destination, the mode of transport, and the level of coverage required.
“Port-to-port” coverage protects your shipment only while it is on board the vessel between the port of loading and the port of discharge. “Warehouse-to-warehouse” coverage is much more comprehensive, as it covers the goods throughout the entire journey, including inland transport from the seller’s warehouse to the port, and from the destination port to the buyer’s warehouse.
Personal Accident Insurance
Your standard health insurance typically covers medical expenses for sickness and general health issues. Personal Accident Insurance, on the other hand, is specifically designed to provide financial compensation for injury, disability, or death that results directly from an accident. It also offers benefits that health insurance may not, such as weekly compensation for loss of income while you recover.
The policy provides multi-layered financial protection, including:
- Coverage for emergency medical expenses incurred as a direct result of the accident.
- A weekly compensation payment if the injury temporarily prevents you from working.
- A lump-sum payment for Permanent Partial or Total Disablement if the injury has long-term consequences.
Professional Indemnity& Public Liability Insurance
The easiest way to distinguish them is: Professional Indemnity (PI) covers financial loss due to a failure in your professional services or advice. Public Liability (PL) covers physical loss (injury or property damage) due to your business operations.
Yes. If you have clients, couriers, or suppliers visiting your home for business purposes, you are still liable for any injuries that occur on your property. Furthermore, it protects you when you are out of the office visiting client premises or attending meetings, where you could be held responsible for injury or damage.
Property All Risk Insurance
This policy is essential for businesses with significant physical assets where a loss could cause major financial disruption. This includes:
- Manufacturing plants and factories
- Large commercial properties (malls, office towers)
- Warehousing and logistics companies
- Hotels and large hospitality venues
- Companies with extensive or high-value machinery and equipment
Third Party Liability Insurance
For certain business activities and free zones, holding a valid Third Party Liability policy is a mandatory requirement for obtaining and renewing a trade license. We can advise you on the specific regulations that apply to your business.
No. Third Party Liability insurance covers claims made by third parties (e.g., customers, visitors). Injuries to your employees are covered under a separate, mandatory policy known as Workmen’s Compensation Insurance.
Travel Insurance
While not mandatory for all destinations, it is a compulsory requirement for obtaining a visa to many countries. Regardless of visa requirements, it is highly recommended for all international travel to protect yourself from significant financial risks.
You should purchase your travel insurance policy as soon as you have booked your flights and accommodation. This ensures you are immediately covered for trip cancellation in case an unforeseen event prevents you from travelling.
Your policy documents will include a 24/7 emergency assistance contact number. You must call this number immediately in a serious medical emergency so the assistance company can coordinate with the hospital and arrange for payment guarantees where possible.
Workmen’s Compensation Insurance
This is a critical distinction. Workmen’s Compensation Insurance specifically covers injuries and illnesses that are a direct result of an employee’s job. Group Health Insurance provides general medical coverage for non-work-related illnesses and injuries. Both are mandatory for most employers in the UAE.
No. The UAE Labour Law applies to all employees, regardless of their role. An employee in an office can suffer a work-related injury, such as a slip and fall or repetitive strain injury. Therefore, coverage is required for your entire workforce, from labourers to administrative staff and management.
Health Insurance
Individual & Family Health Insurance
It typically covers doctor visits, hospital stays, prescription medications, surgeries, and preventive care. The specifics depend on the plan you choose.
Consider your medical needs, financial situation, and the types of services you want covered. Our team at Addison Bradley Emirates can help you find the perfect match.
Yes, most insurers allow you to adjust your coverage as your needs change. Always check the terms and conditions regarding policy changes.
Group/Corporate Health Insurance
Yes, health insurance is mandatory for employers to provide for all their employees in the Emirates. Providing it is considered a best practice adopted by leading companies to attract and retain talent.
The cost depends on several factors, including the group size (number of employees), the required level of coverage (medical network, additional benefits), and the average age of the employees. We offer competitively priced plans to suit various budgets.
When visiting any medical facility within the approved network, the employee presents their digital or physical health insurance card to receive medical services.
Life Insurance
Education & Retirement Plans
There are two key differences. First, these plans offer investment growth potential that is designed to beat standard bank interest rates and inflation over the long term. Second, and most critically, they include life insurance cover. If you simply save in a bank and pass away, your family only gets what you’ve saved so far. With these plans, your family receives the full target amount, ensuring the goal is achieved.
This is a primary concern we address. We work with insurance providers who offer globally portable plans. You can continue contributing to your plan from anywhere in the world, and the benefits can be paid out in any country, providing you with seamless, worldwide coverage.
Income Protection Insurance
This is a crucial distinction. Your Health Insurance pays the doctor or hospital to cover your treatment costs. Income Protection insurance pays you a “salary” to cover your living expenses (like rent, food, and school fees) when you are unable to work.
This is a primary concern we address. We work with insurance providers who offer globally portable plans. You can continue paying your premiums from anywhere in the world, and the benefits (a claim) can be paid out in any country, providing you with seamless, worldwide coverage.
Term Life Insurance
These products are, at their core, Life Insurance products. In the event of your death before the plan matures, your beneficiaries will receive the sum assured, ensuring the financial goal (such as your children’s education) can still be achieved.
Yes, it is common to have multiple policies to cover different needs. For example, you might have a decreasing term insurance policy to cover your mortgage and a level term policy to provide an income for your family.
Whole Life & Endowment Plans
Think of it as renting versus owning. You rent Term Life for a specific period for pure protection. You own Whole Life Insurance; it’s a permanent policy that provides lifelong protection and builds cash value, making it a financial asset.
An Endowment plan pays out in one of two scenarios: on the policy’s maturity date if you are still alive, or to your beneficiaries if you pass away before that date. This makes it an excellent goal-oriented savings plan with built-in protection.
Motor Insurance
Commercial Vehicles Insurance
Unlike Private Car Insurance, Commercial Vehicle Insurance is specifically designed for vehicles used in business activities. It typically offers broader liability cover, fleet options, and may include protection for cargo, drivers, and passengers depending on the policy.
Yes, our fleet policies are flexible and can cover a range of vehicles, including cars, vans, trucks, and specialised vehicles.
Private Car Insurance
A No Claims Discount (NCD) is a reward for not making any claims on your insurance during a policy year. The more years you drive without claiming, the higher the discount you receive.
Yes, you can make changes to your policy mid-term. Whether you’ve bought a new car, moved house, or simply want to adjust your cover, we’re here to help. Just contact our customer service team, and we’ll discuss the necessary adjustments.
CONTACT US
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Customer Support
Our dedicated customer support team is available to help you with any enquiries. You can reach them at +971 2 639 7711 during our business hours.
Email
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