Get a smoke detector and keep it working..
Smoke detectors save lives. Install at least one on every level of your house or apartment - more if your home is large. Make sure there's a smoke detector...
Casualty insurance is for losses and liabilities which are a result of unforeseen and direct accidents. This category of insurance is quite broad. It encompasses a range of situations and fields within the insurance industry. Typically, casualty insurance covers both damages to property and people as the reader may deduce from the brief descriptions given below for each typical casualty policy. A point worthy our emphasis is that casualty insurance that includes personal liability can be useful to business owners and homeowners.
1. Workmen's Compensation & Employer's Liability Insurance - (WC & EL)
The insurance policy (WC) is designed to compensate the employer (insured) direct expenses and wages or salaries he pays to employee(s) with work related injuries. Liabilities to employees in respect of injuries suffered by them arising out of and in the course of their employment subject to rulings of Labor Office. WC Insurance policies normally accommodate employer's liability coverage within its structured design. In the Kingdom, the Government Organization for Social Insurance, GOSI, had imposed cover plan for work-related ?injuries. It referred to is as Industrial Injuries benefit plan. This act narrowed the choice of the insurance companies in selling WC policies. Instead, insurance companies introduced what they had termed DIC policy (difference in conditions) insurance policy. Insurance companies discovered gaps in the industrial injuries benefit plan imposed by GOSI visas workman's compensation benefit plan.
In addition to the DIC, Al Sagr Cooperative sells also employer's liability policy plan (EL). As mentioned above, EL could be sold as a separate policy. EL policy pays according to the Sharia laws applicable in the KSA.
2. Public Liability Insurance
The cover plan is designed to indemnify the insured all claims to which Insured becomes legally liable to pay to third party (ies) in compensation for damages up to limits specified in the policy. Such compensations are identified as:
a) Accidental bodily injury (ies) to Third Party.
b) Accidental loss or damage to Third Party property (ies).
Cover is negotiated with the insured prior to attachment of risk in order to incorporate reimbursement plan commensurate with the risk exposure.
3. Products Liability Insurance
In similar manner as with the liability program, this insurance is intended to indemnity insured his liability to compensate third party (ies) their loss (es) resultant form product (s) insured sold, distributed, supplied, repaired, re-conditioned and the like depending on the business of insured. Products may cause bodily injury (ies) or property damage(s), in either case the policy pays to insured when he is legally liable to pay. Sums insured are set by insured and Al Sagr Cooperative commensurate with the size of the business of the insured and the understanding of extend of damage product may cause.
4. Professional Liability Insurance
The policy indemnifies insured all agreed sums which the Insured (such as Architects, Engineers, Medical Practitioners, Lawyers, Financial Institutions and Chartered Accountants etc.) becomes legally liable to pay in damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service. Legal cost and expenses incurred in defence of the case, with the prior consent of Al Sagr Cooperative are also payable, subject to the overall limit of indemnity selected and the standard exclusions specified in the Policy.
1. Personal Accident Insurance
From the name of the policy, the reader knows already that the insurance policy responds when insured himself is accidentally injured and when such injury results in paying of any of the benefits described in the policy. Payments are made to the insured or in cases to his/her legal heirs depending if death to the insured life did occur.
Different coverage are available ranging from a restricted cover of Death only, to a more comprehensive plan including, in addition to death, Permanent Disabilities (like: PTD or PPD) and Temporary Total Disability (TTD). In addition, insurance cover may also be extended to include Medical Expenses incurred due to accident also Expenses of Repatriation of mortal remains following accidental death.
The policy is basically designed to offer compensation to the insured person who dies or sustains bodily injury solely as a result of an accident which is external, violent and visible. Hence death or injury due to any illness or disease is not covered by the policy.
The policy operates worldwide based on 24-hour plan.
2. Neon Sign Insurance
This Policy covers Loss or Damage to the Neon Sign installation or any part thereof described in the Policy whilst situated at the specified location by Fire, Lightning, Explosion, Aircraft, Riot, Strikes, Malicious Damage, Storm, Tempest, Flood, Earthquake, Impact and Bursting/Overflowing of water tanks, apparatus and/or pipes, subject to specified exclusions in the Policy..
3. Plate Glass Insurance
This insurance is intended to cover fixed plate glass against accidental breakage due to any cause not otherwise excluded in the Policy.
The Company?s Liability is to replace the broken glass with glass of similar quality or at its option pay to the Insured the value of the glass broken at the price current at the date of the breakage, subject to adequacy of sum insured.
The insurance cannot be extended for glass which is not fixed, i.e. which might be loose or movable in the premises.
4. Money Insurance
The policy is designed to indemnify insured loss of money up to agreed limits if :
(a) On insured's premises whilst
- in locked counters/drawers/cash registers/tills/cabinets during business hours
- in locked safe outside office hours
(b) Whilst in transit, (outside premises of insured) during the course of transit between specified locations on direct trips by authorized employee(s).
5) Fidelity Guarantee Insurance (FG)
The desire for wealth can change the attitude of human beings. It induces malicious intention in any person and it cannot be judged by their behavior.
When huge sums of money are being handled by employees, there is always a risk of it being misappropriated or embezzled. Business can suffer huge losses by this kind of infidelity risks The policy indemnifies the employer his direct financial loss sustained by fraudulent and/or dishonesty act(s) of his employee(s) and are named in the policy.
The Fidelity Guarantee Policy is recommended not only in respect of employees dealing with Cash/Accounts such as Finance Managers, Cashiers, Accountants, etc. but also those who are responsible for stocks such as Salesmen, Storekeepers, etc.
Should your business or personal requirements need other insurance coverages, we are.