Top Small Business Insurance Companies in Dubai, UAE

With the right coverage, your business can be protected from unexpected damages, helping it run smoothly even during challenging times.

Best SME Insurance in UAE

Some of the best and the cheapest sme insurance quotes in Dubai are:

Which Type of Insurance Does a Small Business Need?

Without the right coverage, you could face significant out-of-pocket expenses that may harm your business.

Here are the key types of insurance every small business should consider —

1. General Liability Insurance:

Protects your business from claims of bodily injury or property damage. For example, if a customer is injured on your premises, this insurance can cover medical costs.

2. Professional Liability Insurance:

Also known as errors and omissions (E&O) insurance, it covers mistakes made in professional services. For example, if your business makes an error that causes financial harm to a client, this policy covers the legal costs.

3. Business Interruption:

Also called business income insurance, it helps replace lost income if your business is unable to operate due to property damage like fire or storm damage.

4. Commercial Property Insurance:

Covers damage to your business property, including buildings and equipment. For example, if your office is broken into and your computers are stolen, this insurance can help cover the replacement costs.

5. Workers’ Compensation Insurance:

This insurance provides benefits to employees who suffer work-related injuries or illnesses. This is required by law in most areas if you have employees.

6. Data Breach Insurance:

Helps protect your business in the event of a data breach, covering costs for customer notification, public relations, and credit monitoring.

7. Directors’ and Officers’ Liability Insurance (D&O):

D&O insurance protects business leaders from personal liabilities due to errors in management, legal breaches, or misreporting. It covers legal defence costs and penalties, making it essential for startups and businesses seeking investment.

8. Cyber Liability Insurance:

Cyber liability insurance covers businesses against data breaches and cyber-attacks, including legal claims, fines, and compensation costs. It provides essential support for managing the aftermath of a cyber incident.

Best 8 Insurance Companies for Small Business

Finding the right insurance for your small business is crucial to protecting your assets and operations.

Here are some of the top insurance packages for small businesses in the UAE —

1.) AIG Insurance

AIG provides comprehensive coverage options for small businesses, including cyber insurance, protection against online threats, and Directors & Officers (D&O) insurance. This covers business leaders against legal actions. Additionally, AIG also offers extensive commercial property coverage up to $500 million. With a strong international presence, AIG ensures responsive claims support and financial expertise, making it a reliable option for SMEs.

Key Cover	Additional Cover
Physical assets like buildings, contents, furniture, portable equipment (medical, laptops, phones), and electronic equipment Lost profits and additional costs to rebuild the business Legal liability for accidental injury to clients and third parties, and damage to their property Workmen’s compensation for injuries or diseases during employment, along with employer’s liability coverage	Covers repair, replacement, and extra expenses due to equipment breakdown Protects against fraud committed by employees Provides coverage for employees in case of death or permanent disability

Click here to Buy AIG Insurance

2.) Tokio Marine

Tokio Marine is a global leader in insurance, operating across 45 countries, including the UAE. The company offers a wide range of business insurance products like marine cargo insurance, ideal for businesses involved in shipping, and property insurance to protect physical assets. It also provides event insurance, offering protection against unforeseen cancellations or disruptions. Known for its innovative solutions, this small business insurance company is well-suited to businesses with diverse insurance needs.

Insurance Coverage	Description
Workmen's Compensation	Provides coverage for employees' injuries or diseases occurring during employment
Public Liability	Protects against legal liability for injury or damage caused to third parties or their property
Property All Risks Cover	Covers damage to business property, including buildings, contents, and equipment, from all types of risks
Electronic Equipment Cover	Covers repair or replacement costs of electronic equipment, including high-end machines and devices
Loss of Rent Cover	Compensates loss of rental income if the property is damaged and unfit for use
Group Personal Accident Cover	Provides coverage for employees in case of death or permanent disability due to an accident
Money Cover	Covers loss of business money due to theft, burglary, or other risks
Fidelity Cover	Protects against financial losses due to employee dishonesty, fraud, or theft
Business Interruption	Covers loss of income and extra expenses incurred during a period of business disruption

Click here to Buy Tokio Marine

3.) Watania Takaful

Watania Takaful is a prominent provider of Sharia-compliant insurance solutions in the UAE. They offer tailored coverage options for businesses. Watania’s insurance plans also cover medical and liability Takaful, ensuring businesses are covered for health-related expenses and legal responsibilities. Watania’s services are designed to align with Islamic principles, providing ethical business protection.

Key Inclusions
Covers loss of income during business disruption Increased costs to continue operations after a loss Ongoing expenses like rent and salaries during business interruption Protects against defects in materials or casting used in business operations Losses caused by design errors or poor workmanship Coverage for issues like lack of water in boilers or other operational failures Includes damage caused by physical events such as explosions or short circuits

Key Inclusions

Covers loss of income during business disruption
Increased costs to continue operations after a loss
Ongoing expenses like rent and salaries during business interruption
Protects against defects in materials or casting used in business operations
Losses caused by design errors or poor workmanship
Coverage for issues like lack of water in boilers or other operational failures
Includes damage caused by physical events such as explosions or short circuits

Click here to Buy Watania Takaful

4.) Sukoon Takaful

Sukoon Takaful is one of the leading small business insurance companies of Sharia-compliant insurance with over 50 years of experience. The company offers comprehensive packages that include property, engineering, marine, liability, and medical coverage. With its affordable premiums and strong track record, Sukoon Takaful is a trusted choice for businesses seeking reliable coverage.

Insurance Type	Description
Public Liability	Covers legal liability for bodily injury or property damage caused to the public due to negligence or fault of the business or its employees
Product Liability	Provides coverage for manufacturers and suppliers against legal liability for property damage, injuries, illness, or death caused by goods they produce, sell, or alter
Workmen’s Compensation	Covers compensation to employees for accidents or injuries that occur while they are working
Employer’s Liability	Protects employers from legal claims made by employees or their dependents for injury, death, or illness caused due to employer negligence or unsafe working conditions

Click here to Buy Sukoon Takaful

5.) Al Buhaira National Insurance

Established in 1978, this small business insurance company offers reliable business insurance options. They provide aviation insurance and liability coverage, catering to businesses in diverse industries. Known for exceptional customer service and reliability, ABNIC is a popular choice among SMEs seeking comprehensive protection.

Insurance Type	Description
Property Insurance	Physical assets like buildings, equipment, inventory, and furniture against damage or loss from fire, theft, or natural disasters
Liability Insurance	Protects against third-party claims for injuries or damages caused by the business, including public, professional, and product liability
Business Interruption Insurance	Provides coverage for lost income and expenses during a temporary business shut down due to events like natural disasters or equipment failure
Workers' Compensation Insurance	Covers medical expenses and lost wages for employees injured or ill on the job

Click here to Buy Al Buhaira National Insurance

6.) Union Insurance

Established in 1998, Union Insurance offers a broad spectrum of business insurance products. With a paid-up capital of over AED 330 million, Union Insurance is known for its solid financial foundation. It offers a variety of coverage options to meet the needs of both small and large businesses across the UAE.

Point	Description
Exceptional customer service	Guide you to the right policy, customise it, and provide continuous support
Experienced technical team	Skilled team creating innovative products and offering risk assessment and gap analysis
Digital capabilities	Digital tools simplify policy issuance, claims tracking, and more for efficiency
Seamless experiences	Smooth risk management through our online presence, hassle-free claims, and strong network

Click here to Buy Union Insurance

7.) Abu Dhabi National Insurance

Abu Dhabi National Insurance, a leader in Takaful insurance since 2003, offers a variety of coverage options for businesses. They are well-regarded for engineering insurance and workmen’s compensation insurance. ADNIC’s commitment to Sharia-compliant practices. Its strong financial backing makes it a reliable choice for businesses looking for ethical and comprehensive coverage solutions.

Attribute	Description
Exceptional, Friendly Service	Providing personalised and approachable customer support
Secure	Ensuring safety and protection in all aspects of the service
Tried and Tested Products and Services	Offering reliable, proven solutions that have been successful over time
Wide Network	A broad, well-established network for diverse coverage and access
Secure Payment Options	Providing safe, trusted methods for transactions and payments

Click here to Buy Abu Dhabi National Insurance

8.) Fidelity United Insurance

Fidelity United, established in 1976, has a long-standing history in the insurance industry. With its strong roots in the Lebanese market, Fidelity United offers comprehensive business insurance solutions designed to support small businesses. This small business insurance company delivers tailored insurance products that safeguard your business, assets, and employees.

Benefit	Details
Tailor Made	Wide range of options to meet specific business needs
Affordable	Reasonable premiums across all insurance products
Professional Risk Solutions	Dedicated team to assess and manage risk for your business
Public Liability Coverage	Covers legal liability for bodily injury or property damage caused by business operations
Workmen’s Compensation	Covers medical costs and lost wages for employees injured or ill during work
Professional Indemnity	Protects against legal costs and damages arising from professional errors or omissions
Comprehensive Coverage	Offers a wide range of coverage, including defence costs and various liability limits

Click here to Buy Fidelity United Insurance

How to Get Small Business Insurance?

Getting SME business insurance in the UAE is easy through Policybazaar.ae. Here's how —

Visit Policybazaar.ae and go to the business insurance section, which includes SME Package Insurance.
Fill in the required details about your business in the form provided.
After submission, you'll be directed to the Quotes page. Choose your preferred insurance plan and click "Get Quote."
A Policybazaar representative will contact you to assist with finalising your insurance package.

This simple process helps you compare options and find the best coverage at competitive rates.