ADNIC Business Insurance

With a strong network of branches and service centres, ADNIC Abu Dhabi provides a variety of business insurance products, including marine insurance, property insurance, liability insurance and others. Their reputation for financial strength and commitment to customer service makes them a reliable choice for companies of all sizes.

Types of ADNIC Business Insurance

Given below are the types of ADNIC business insurance plans —

1. Marine Insurance

ADNIC marine insurance protects businesses from financial losses due to damage or loss of goods during transit. Covering transportation by sea, air, or land, this type of ADNIC business insurance ensures that your goods are protected from accidents, theft and other unforeseen incidents.

Types of ADNIC marine insurance

There are majorly two types of ADNIC marine insurance -

• Marine Cargo Insurance
• Marine Hull Insurance

1- Marine Cargo Insurance

Marine cargo insurance covers accidental physical loss or damage to cargo during its transit by sea, air, land, or parcel post. With this ADNIC insurance, businesses in Abu Dhabi can protect their goods against unexpected events throughout the transportation journey. Additionally, with special coverage, this ADNIC business insurance policy can also protect against losses or damages caused by wars and strikes

Types of ADNIC marine cargo policy

• Single Cargo Policy: This policy is ideal for businesses seeking one-time cargo coverage. It protects a single shipment from start to finish, so that the goods are covered for the entire duration of the journey.
• Open Cargo Policy: Designed for businesses that frequently ship cargo, this policy automatically covers all transits after purchase.

2- Marine Hull Insurance

Marine Hull Insurance is a key component of ADNIC's marine insurance solutions, providing comprehensive coverage for the physical damage or loss of a ship or vessel. This insurance covers a wide range of risks, including damage from collisions, fires, and other maritime hazards. Additionally, it covers machinery and equipment on board, ensuring that shipping operations continue smoothly despite unforeseen incidents at sea.

Coverages provided by ADNIC Marine Hull Insurance

We have given a brief overview of the coverages provided by ADNIC Marine Hull Insurance:

• Pleasure Craft: Coverage for personal and recreational boats used by the crew
• War Risk: Protection against risks associated with war and conflict while at sea
• Hull & Machinery: Covers damage to the vessel's machinery and equipment
• Disbursements, Increased Value, and Excess Liability Risk: Offers additional coverage for increased liability and the vessel’s value
• Loss of Hire: Compensation for loss of income due to the vessel being out of service
• Kidnap and Ransom: Protection against kidnapping and ransom incidents involving crew members
• Builder’s Risk Insurance: Covers the vessel during its construction or repair
• Marine Liability: Coverage for liabilities arising from accidents or damages caused by the vessel
• Protection and Indemnity Risk: Comprehensive coverage for liabilities related to crew injuries, cargo, and collisions

2. Property Insurance

ADNIC property insurance protects your business from financial losses due to damage or loss of commercial property. Whether the cause is a natural disaster like a flood, burglary, or even fire, this ADNIC insurance helps businesses recover quickly by covering damages to buildings, inventory, and equipment.

What does an ADNIC property insurance cover include?

ADNIC property insurance provides the following inclusions -

• ADNIC Shield
• Burglary
• Property All Risk
• Jewellery All Risk
• Fire and Allied Perils
• Hotel Comprehensive
• Baggage All Risk
• Political Violence
• Terrorism

3. Fire and Allied Perils

What is Fire and Allied Perils Insurance?

ADNIC offers fire and allied perils coverage under its property insurance policies. This insurance protects businesses against financial losses due to fire and other related perils such as lightning, explosion, storms, floods, and more.

4. Liability Insurance

Liability insurance protects businesses against financial losses from risks and incidents such as cyber threats, terrorism, and other unforeseen events. This type of ADNIC business insurance ensures that businesses remain protected from potential lawsuits and claims, helping to maintain operational and financial stability.

What does a comprehensive liability insurance policy cover?

• Comprehensive General Liability
• Employers' Liability
• Directors and Officers Liability
• Workmen's Compensation
• Professional Indemnity (annual and single projects)
• Medical Malpractice
• Media Liability
• Terrorism Liability
• Cyber Insurance (Individual, SME, Corporate)
• Decennial Liability / Inherent Defects Liability

5. Public & Product Liability

Public and Products Liability insurance is part of ADNIC corporate liability coverage. This insurance protects businesses from claims arising from bodily injury or property damage to third parties caused by negligence, defective products, or incidents on business premises.

6. Workmen Compensation Insurance

What is ADNIC Workmen Compensation Insurance?

ADNIC offers workmen’s compensation under its liability insurance policies. This type of ADNIC Abu Dhabi business insurance policy is designed to protect employees who suffer work-related injuries, illnesses, or death. It ensures that employers comply with their legal obligations under UAE law, providing financial support for medical treatment, lost wages, and even death benefits to the dependents of the deceased employee.

7. Professional Indemnity Insurance

Professional Indemnity insurance provides coverage against claims arising from professional negligence, errors, or omissions made in the course of providing professional services. This coverage is crucial for professionals such as consultants, lawyers, and architects, ensuring that they continue their work with peace of mind.

8. Medical Malpractice Insurance

Medical malpractice insurance covers healthcare professionals and institutions against claims of negligence or errors in patient treatment. It protects medical practitioners against financial losses due to lawsuits arising from their professional services. It makes sure that they have financial support needed to manage legal costs and potential settlements.

9. Event Insurance

What is event liability insurance?

ADNIC event liability insurance provides coverage for event organisers and protects them against financial losses from accidents, injuries, or property damage that occur during the event.

10. Directors and Officers Liability Insurance

Directors and Officers Liability insurance, offered under ADNIC’s corporate liability policies, protects company executives from personal financial losses arising from lawsuits related to wrongful acts in managing the company. This insurance also covers legal defence costs ensuring that executives are safeguarded against potential legal and financial risks associated with their duties.

11. Group Medical Insurance

What is Group Medical Insurance?

Group Medical Insurance is available for small, medium-sized enterprises (SMEs), and large corporations. It provides comprehensive health coverage to both employees and their eligible dependents. These ADNIC insurance Dubai plans offer world-class medical insurance products, with options for both local and international needs. Beyond medical coverage, these plans include value-added services and are known for market-leading customer service.

Types of ADNIC group medical insurance plans

• Organisations with More than 100 Employees: These organisations can access optimal medical coverage within the UAE and internationally. The ADNIC Abu Dhabi plans can be customised to include additional benefits to meet the specific needs of the business and its employees.
• Organisations with Less than 100 Employees: These organisations benefit from a tier-based plan selection system, offering four distinct tiers: Platinum, Gold, Silver, and Bronze. Each tier offers a clearly defined set of benefits helping businesses to choose the plan that best suits their employees' needs and budget.

12. Engineering & Construction Insurance

Engineering and construction insurance is designed to protect businesses involved in construction and engineering projects from financial losses due to various risks. This insurance provides coverage for accidents, delays, and material damage that can occur during the execution of construction projects.

What does an engineering and construction insurance policy include?

• Contractors All-Risk Insurance
• Erection All-Risk Insurance
• Principal's Advance Loss of Profits (ALOP) / Delay in Start-Up (DSU)
• Electronic Equipment Insurance
• Machinery Breakdown / Loss of Profit Insurance
• Contractor's Plant and Machinery Insurance
• Sabotage and Terrorism Risks, Political Violence

13. Erection All Risks (EAR)

Erection All-Risk Insurance, part of the Engineering and Construction Insurance, provides coverage for mechanical and electrical installation projects. This insurance protects against unforeseen physical losses or damages during the erection phase of a project. It also covers the contractor's equipment, temporary structures, and potential third-party liabilities.

14. Contractors All-Risk Insurance

Contractors All-Risk Insurance is part of the Engineering and Construction Insurance. It provides comprehensive coverage for contractors against unexpected physical losses or damages to civil contract works during construction. This insurance covers the construction site, including the plant, machinery, and temporary facilities, as well as any potential third-party liabilities arising from the project.

Claim Process of ADNIC Business Insurance

ADNIC provides a simple claim process for business insurance, generally involving the following steps -

• Step 1: Report the Incident

You need to report the incident to ADNIC Abu Dhabi and keep all the necessary documents ready, such as the policy number, details of the incident, and the estimated value of the loss. This is the first step in initiating your ADNIC claim form process.

• Step 2: Claim Assessment

Once the ADNIC claim is reported and the documents are submitted, ADNIC begins the claim assessment. They will review the incident details and may contact you with the next steps. Depending on the severity of the loss, an ADNIC representative might need to assess the damages in person.

• Step 3: Receive Claim Reference Number

After the ADNIC claim is officially opened, within a couple of days, you will receive an SMS with your claim reference number. You can use this reference number to track the status of your claim throughout the process.

When filing a ADNIC business insurance claim, the following documents are generally required -

1. Policy number
2. Mobile number
3. Email address
4. Time, date, and location of the incident
5. Description of what happened
6. Estimated value of the loss

Where to Submit Your Claim

You can submit your ADNIC claim form and documents through various channels depending on your location.

Here is a table with the contact details -

For additional information, you can contact the local ADNIC branches:

1. Abu Dhabi: Building No. 403, P.O. Box 839, Abu Dhabi, UAE.
2. Dubai: Specific address details can be obtained directly from ADNIC customer care.

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Some of the key benefits of choosing this platform .ae include -

1. Comparison of multiple business insurance plans in one place
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Frequently Asked Questions