Bahrain Offers Various Indemnity Options Including Construction and Home Insuran

Posted by Admin on January 17th, 2014

The insurance industry in Bahrain consists of Islamic and conventional companies. It is served by numerous ancillary providers such as consultants, brokers, actuaries and people who adjust the loss for the consumer. Insurance in Bahrain has seen steady growth which has led to better services by private players.

Securing Your Home and Shop

When you work hard to get yourself and your family a home, it’s only reasonable that you take a home insurance. This can protect your asset from all sorts of accidents and get coverage for not only the building but also what is inside. Reliable companies provide a comprehensive insurance and a premium that’s not hard on you. It offers financial assistance for renting another home and covers every part of the building and everything that is inside the compound wall. Contents in your home include home appliances, furniture and all valuables that are at home at the time of the accident. However, valuables are covered only if it is specified by the consumer. Some companies provide coverage for any damage caused by violent disturbances. This is called the riot insurance and is useful especially for shop owners and others who have commercial spaces.

General Contractors’ Insurance

Any construction project involves timelines, contract administration and accidents. Therefore, it’s good for general contractors to take construction insurance that will cover damages caused during construction. This is a risk policy which is normally procured by the contractor or project owner. It typically covers building damages and some companies may also provide for the losses incurred due to the accident. It protects construction workers if they get injured at the site. However, this does not free the employer from providing a safe and secure workplace for workers. The policy also, generally covers all the machinery and materials used at the site. Considering the unpredictable nature of this industry, the coverage is comprehensive and includes several probable problems.

Insurance for Housemaids

Domestic servant insurance is nowadays offered by many companies in Bahrain. The policy provides good coverage not only for housemaids but also for others who work in your home such as drivers, gardeners and nannies. The policy is very beneficial as it covers personal injury due to an accident, loss of body parts, blindness or any permanent disability. In case of disablement caused due to an accident, weekly benefits are provided by insurance companies. Financial compensation is given for death and repatriation is also taken care of. In the case of death, the coverage also includes good monetary compensation. Additionally, most companies cover the expenses of reinstating a new maid following death of your previous servant.

This article is written by a professional author who describes the detail of Insurance in Bahrain and Domestic Servant Insurance. For more information visit us at:- www.bnidirect.com. 

Like it? Share it!


Admin

About the Author

Admin
Joined: January 17th, 2014
Articles Posted: 153

More by this author