Introduction:

Although liability insurance is not a mandatory insurance cover by law in Saudi Arabia, but it is very essential and currently being a standard requirement in majority of public/private sector contracts in the KSA.

Commercial General Liability Insurance addresses a wide range of liability solutions. It has the responsibility to cover losses arise from your products and services and the consequences that you want to avoid caused by your activities. It also has the responsibility to cover the claims made against you by third-parties in connection with incidents occurred from your business activities.

Our insurance covers you against public/third parties claims arising from:

A) Accidental bodily injury to any third-party person
B) Accidental damage to third parties’ property
Plus – Supplementary Payments/Expenses

Product Highlights:
The importance of having liability insurance is to protect you against third parties’ liability and to avert risks from your company.

It addresses a wide range of liability extensions/covers within the insurance policy:

• Premises and operations liability— liability for conditions or activities arising out of the premises or operations of a company
• Products and completed operations liability— liability of a company to a user who is harmed by products manufactured, sold or distributed by the company.
• Cross liability, Waiver of subrogation, Sudden and accidental pollution…etc — The highly standard terms and conditions required globally either for projects, contract or premises exposures

Premises Liability (Usually Annual Policy) covering:

• Factories
• Houses
• Offices
• Showrooms
• Restaurants (premises liability or food and drink poisoning liability)
• Warehouses
• Hotels
• Hospitals
• Etc….

Project / Services Liability (can be as per project period or annual policy):

• Construction Project for certain project period (6, 12, 24… months)
• Maintenance services for certain project period (6, 12, 24… months)

 

Benefits (Why Chubb Arabia?)

• Cover can be purchased on a stand-alone basis
• Tailor made coverage, terms & conditions as per the insured wish and contract requirements
• Suitable standard coverage accepted by main and major principles within KSA
• Capability in claims handling on global and local levels
• Large Capacity
• Local and international expertise for large and critical risks/exposures