Liability insurance provides protection to insured in various legal situations. This insurance is specifically for protection against Individual or Professional mishaps. Situations where insured are called to the courts of law due to acts they themselves, their family members or their employees could have done negligently or otherwise and which may have caused bodily injuries or deaths to other people or damage to property of others.
The required defence in such circumstances is offered by the various liability insurances
available with us. Our liability insurance includes the following:
- Medical malpractice
- Professional indemnity
- Public liability
- Workmen’s compensation
If Medical Mal Practice occurs, Medical professionals can be subject to various
judicial processes. For this reason, more and more Doctors and other medical professionals
are looking for insurance covers to protect their rights as individuals or as groups
through Hospitals, Clinics and other medical service centers.
At Oman Insurance we offer coverage that indemnifies the Assured against all sums
where the assured shall become legally liable to pay damages arising out of any
bodily injury, mental injury, illness, disease or death of any patient caused by
and negligent act error or omission committed by the Assured in or about the conduct
of the Assured's occupation or business.
The rate chargeable is always applied on the basis of the limit of indemnity requested
and the turn over of the insured, type of medical services offered and the number
and type of Professionals available. There is a Deductible for each and every loss
in addition to a number of other Conditions.
Professionals like Engineering and other Consultants can often be exposed to legal
suits due to acts of negligence in their profession. Court cases against consultants
in various fields have resulted in the awarding of huge sums of monies to claimants.
In view of which such professionals revert back to insurance companies for protection
against legal battles.
Oman Insurance offers the Professional Indemnity Policy which indemnifies the Insured
in respect of the Insured's legal liabilities for any Third Party Claim which meets
the following requirements:
Any third party claim must:
- 1.Be for compensatory damages, such indemnity to include claimant's
cost and approved defence costs and expenses,
- 2.Be first made against the Insured during the policy
- 3.Be for bodily injury, material damage or construction damage arising
from a negligent act, error or omission committed or alleged to have been committed
or omitted (as the case may be) by the Insured during the policy period.
- 4.Arise out of the ordinary course of the performance
of professional services by the insured,
- 5.Relate to a negligent act, negligent error or negligent omission
which was or may have been or is alleged to have been committed or omitted (as the
case may be)
The rate chargeable is always applied on basis on the limit of indemnity, turn over
and the type of activities in which the insured is involved and is very dependent
to the nature of works, risks and exposure involved. There is a Deductible for each
and every loss in number of other Conditions.
Individuals and business establishments can be subjects of third party legal liability
due to acts of negligence caused by them, their families or employees. As such legal
liabilities can turn into expensive court battles, it is often in their best interests
to opt for insurance protection. Even products that are defective, which can cause
bodily injuries or death, is often the cause of the legal liability.
We offer Public and Product Liability Insurance protection to our customers by providing
indemnity to third party due to the Legal liability of the Insured resulting from
negligence of the insured or his employees/family members causing:
- Accidental bodily injury and/or death
- Accidental damage to property (excluding property belonging to/in
the custody of/under the control of the Insured, family members or employees)
In addition, we also provide:
- Legal expenses for defending any proceedings with the Insurer's consent.
Workers are an irreplaceable investment to any organisation. Providing protection
for the employees is a matter not only of protecting the organisational asset but
also of moral importance. Governments across the world enforce the issue of providing
not only good working environments but also protection to the workers for the uncertainties.
UAE also enforces this issue and endorses it by having specific laws to cater for
and deal with workers accidental disputes.
At Oman Insurance Company, we offer workmen's Compensation Policy which will indemnify
your Company against all sums for which your company will be liable under the U.A.E.
Federal Law No. 8 of 1980 and subsequent amendments to pay compensation to any employee
in your immediate service due to accident arising out of and in the course of his
Some of the standard extensions to this insurance are:
- 1.Expenses for Repatriation of deceased body following work accident
up to Dhs.5,000/- per person (Higher limits can be requested at additional premium)
- 2.Employer's Liability up to Dhs.1,000,000/- any one accident &/or
in the aggregate (Higher limits can be requested at additional premium).
The rate chargeable is always applied on the Estimated Annual Wages of the employees,
which is adjusted at the end of the policy period. This is very dependent to the
nature of work, risk involved cover/extensions requested. There is a day Deductible
and various Conditions attached to the policy