Property insurance covers accidental damage to assets like buildings, stocks, plant & machinery, office, furniture & fixtures, and various other contents.

An ideal Property insurance policy also provides coverage for business interruption including Loss of profits, Increased cost of working, Loss of rent, Legal fees, Consulting fees e.g., architects or surveyors, disruption at suppliers’ and customers’ premises, public utilities, denial of access etc.

One can find a standard off the shelf Property All Risk & Business Interruption insurance in the market, however it is important that due importance is given to the type of risk, the evolving market conditions, suitable wordings etc.

DIOT-SIACI Middle East advises you on risk management, structuring bespoke insurance solutions and providing guidance on property valuations, which is an important item that often misses the attention.

Public and Product Liability Insurance

Something as simple as a wet floor or a loose wiring can result in a claim against you. Public Liability insurance provides coverage for liability (including legal defense costs and expenses) for death, bodily injury and/or property damage to any third party arising out of business activities of the insured. This will include the cover for landlord’s liability as well.

Product Liability insurance provides you coverage against claims for injury or property damage arising from products sold by your business. Its main purpose is to cover legal costs and damages.

DIOT-SIACI Middle East’s expert panel for the casualty business helps you with a tailor-made product as per your business requirement covering all aspects of risks associated with third party losses.