General Accident Insurance

Listed under this line of insurance is a number of important policies designed to provide maximum insurance protection against wide range of risks related to and borne by various business commercial activities.

1- Money Insurance

This insurance policy is tailored to indemnify the insured for financial losses (other than what is explicitly excluded in the policy and the attached endorsement "s") incurred in connection with an act of burglary, theft, physical damage of money etc. whilst in:

• Transit.
• The insured premises during working hours (for use).
• In safes or in vaults or secured rooms and in cash registers.

Money defined as

Cash Bank notes, Currency Notes or Coins, Cheques, Postal transfers, Postage Stamps, and payment requests.

2- Fidelity Guarantee Insurance Policy

This insurance policy indemnifies the insured for financial losses sustained by due to Forgery, Embezzlement, Larceny and/or Fraudulent conversion committed by the insured's employees (as named in the policy schedule), entrusted with money and/or property.

3- Glass Plate Insurance Policy:

This policy indemnifies the insured for accidental breakage of the insured glass plates (breakage of glass due to any cause other than those excluded in the policy) specified in the policy schedule either by replacing or paying the market value for the broken glass up to the sum insured value specified in the policy schedule less any salvage.

4- Burglary Insurance Policy

This policy covers the insured against losses to the insured property caused by theft, through break and entry to or exit from (breaking into or out off the premises and/or climbing over or drilling walls) the insured premises or any attempts for such acts.

5- Personal Accident Insurance Policy

This 24/7 around the world insurance protection policy is designed to indemnify the insured against sustained violent external and clear accident causing the insured’s:

• Death or.
• Permanent total and/or partial disability, or.
• Temporary total and partial disability.

Compensation basis – as defined by the compensation schedule in the policy.

6- Workmen Compensation Insurance Policy

This policy covers the insured's employees and laborers against accidental bodily injury, disability or death whilst on duty and/or engaged in the execution of any project undertaken by the insured in accordance with the provisions of the current Kuwait Labor Law.

7- Employer's Liability Insurance Endorsement

This endorsement cover is tailored to indemnify the insured against all sums (up to the limit of liability specified in the endorsement) which the insured shall become legally liable to pay due to final court rulings to any employee in their immediate service, who suffered accidental bodily injury or death resulting from and in the course of employment by the insured and during the period of insurance.

The Employer's Liability Endorsement is only granted in conjunction with Workmen Compensation Insurance policy.

8 - Bankers Blanket Insurance

This comprehensive insurance policy is specifically designed to insure banks and other financial institutions' various business activities against incurred losses arising from the following risks:

• Infidelity of employees.
• Loss of property on premises.
• Loss of money and other valuables in transit.
• Forgery or fraudulent alteration of checks, bills, drafts, money orders etc.
• Losses incurred by the insured in the ordinary course of business in dealing with securities such as share certificates, stocks, bonds, debentures, promissory notes, deeds, mortgages, certificates of deposits, letters of credits etc.
• Loss incurred by the insured due to receiving in good faith any counterfeited or forged bank notes.
• Loss of or damage to offices and contents, which includes but not limited to furnishings, fixtures, equipment, stationary etc.
• Loss or damage to ATM’s and cash in these ATM’s.
• Loss resulting from professional negligence.
• Loss or damage resulting from computer crime.

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