UAE Best Insurance Companies - Tawasul Insurance Services – United Arab Emirates
Tawasul Insurance Service L.L.C was established on 27th May, 2006 in Abu Dhabi United Arab Emirates. Tawasul is register with the Department of Economic Development Abu Dhabi, Chamber of Commerce and Industry. Tawasul has been one of the prominent insurance brokers since its inception, offering personal and commercial lines of Insurance.
Tawasul Insurance known for its consistent and excellent financial results in UAE. However, in a professional service industry like ours, the ultimate test should always be client service. Tawasul Insurance have a culture that is passionate about putting client first. As the broker to disavow contingents and refuse supplemental compensation, Tawasul Insurance has taken an unwavering stand on acting in the best interest of the client.
Some Advantages of going through with Tawasul Insurance are:-
Time Saving:- with Tawasul Insurance a broker will assist you to choose the best suited policy or plan and will save time by knowing what risk conditions you might have.
Convenience:- Building a good relationship with a broker that you can trust will choose / shop better competitive terms and price for you even at the time of renewals.
Customer Service:- dedicated services are available at your door step if any claim arises.
Underwriting Access:- through Tawasul Insurance you can get access to underwriting Departments of many insurance companies and could assist you to complete mandatory requirements like filling and submission of proposal forms.
Tawasul Insurance Services History
Tawasul Insurance Services LLC is the sole insurance brokerage arm of United Internal Group (UIG) which is a multimillion dollar conglomerate of financial institutions having its presence acknowledge in Europe, Asia and the Middle East. From the early days of its inception in year 2006, Tawasul Insurance Service is recognized and sought in the industry as a independent insurance broker in the GCC Region having its key strength in the ability to maintain strategic relationship with its associate offices and business partners, for the sole purpose of furnishing holistic risk mitigation for its clients both locally and globally.
Tawasul Insurance excellent service, innovative products and timeless values are borne from decades of experience acquired by principal leaders and trailblazers.
Tawasul Insurance Vision Statement
Tawasul Insurance vision is to set the standard of excellence among insurance providers by being innovative, being financially strong, and exceeding customer expectations. Tawasul Insurance will attract and retain the very best employees and agents to help achieve this goal. With the goal of being the most genuine and trust worthy advisor in its class, Tawasul Insurance Service provides tailored strategies to successful businesses and individuals with solutions beyond insurance.
Tawasul Insurance Service provided Different Plan of Insurance such as follows:-
Contractor’s Plant & Machinery
This policy provides an all risk cover during the construction period for contract work against loss or damage to property and third party liability for accidental bodily injury or property damage in connection with the performance the contractor other than by an excluded cause for further Details please call to Tawasul Insurance on +971 2 643 4331 or write an Email to info@tawasulinsurance.ae .
Health Care
Health Care plan that provides health insurance to a group of people e.g. companywide insurance for employees. Group Health Insurance provides you the freedom to avail clinics / Hospitals on panel your don’t have to pay and eventually you will never get out of pocket from Employers point of view, it curtails the administrative cost and helps to retain loyal & quality human resource.
Marine Insurance with Tawasul Insurance Services
This policy is designed to cover loss of money and Cheques as a result of Fire, Theft and other causes not specifically excluded. The money will be covered during transit to and from other banks and business locations also known as cash in transit insurance. Cover will also extend to include all monies while on your premises or on the counter during business hours or in locked safe also known as cash in safe cash on counter insurance. Marine Insurance covers the loss or damage of ship/cargo/terminals and or any transport or cargo by which property is transferred, acquired or held between point of origin and final destination. Goods in transit, this policy cover the risk of loss or damage inherent in the movement of goods including loading and unloading risk from the point of departure until delivered at the final destination.
Motor Insurance with Tawasul Insurance
Motor insurance is usually grouped according to the type of vehicle e.g. Private Cars, Commercial Vehicles, Agricultural and Construction Equipment’s and Vehicles, two most popular forms of cover are:-
Comprehensive
This cover loss or damage to own vehicle caused by the accident, collision or overturning, Fire and Theft. It also covers damage to third party property and bodily injury or death.
Third Party
This provides cover for loss or damage to third party property including bodily injury and or death to third parties. There is no coverage for own damage.
Individual Health Insurance Plan with Tawasul Insurance Services
Individual Health Insurance plan are plans your buy on own for yourself or for your family.
Life Insurance Plan with Tawasul Insurance Services
Education Care (EduCare)
Remember the sense of pride and responsibility you felt when you carried your child for the first time from then onwards, you want to protect your child and make sure that his or her future is secure and in the best hands. Education plays a pivotal roles in determining your Childs future and the cost of this is increasing with time. After meeting all other financial commitments will you have enough money to put aside to give your child the best education for a promising future?
Life Shield
Your obligations towards your family know no bounds and you endeavor to fulfill all of your commitments to the best of your ability. However, the future is uncertain and no one knows what lies ahead. Who then shall be your family’s pillar of strength? Will they have enough financial support to carry certainty and security, so you can be prepared for any eventuality?
Life Secure
You cannot alter what is destined in the future. At the back of your mind are you often nagged by the fear or your family protection? Whom would they rely on in case anything untoward happened to you? Life secure an insurance plan which is designed to provide you the peace of mind that you can deserve. By opting for this plan today, you can be prepared to protect your family from any unfortunate event that may lie ahead in the future.
Home Insurance with Tawasul Insurance Services
Our home is our identity. It resonates our thinking, our sense of style and taste, our hard work and is our place of peace and harmony. A home insurance policy protects our possessions and assets for which we have toiled the most in the life. Tawasul Insurance affordable home policy will be provide the peace of mind required to concentrate on your core professional activity whilst we take care and make sure that your home is well safe guarded.
Benefits with Tawasul Home Insurance
Accidental damages due to fire and lightning, breakages to fixed glass, sanitary ware, accidents to domestic helpers are a few to name from a long list of comprehensive covers that can be availed through your home Insurance policy. Covers such as riot, strike and malicious damage, loss of rent (if you had rented your apartment unforeseen accidents can cause loss of income during the period of repair – your home insurance policy has a facility to protect this income up to a pre specified limit and period can also be obtained for additional payment.
The home insurance policy provides the flexibility of taking comprehensive insurance for the contents (high valve electrical items, fittings, paintings, your Rolex etc…) of your home without insuring the building. This make it very convenient to most of us who live in rented apartments in the United Arab Emirates.
Travel Insurance with Tawasul Insurance Services
Tawasul Insurance Services brings you a choice of travel insurance policies to ensure peace of mind and rewarding experience when you travel. Tawasul Insurance Service offer multiple packages with a lot of flexibility and option built into them to enable you to choose a set of benefits that match you. You can choose a package depending on the area of travel, the activates you undertake, and even protect yourself against terrorism in sensitive areas.
Group Health Insurance with Tawasul Insurance Services
A plan that provides health insurance to a group of people e.g. companywide insurance for employees. Group health insurance provides you the freedom to avail medical treatment from the clinics and Hospitals on panel. You don’t have to pay and eventually you will never get out of pocket. From employer’s point of view, it curtails the administrative cost and helps to retain loyal and quality human resource.
Contractor’s All Risk Insurance (C.A.R) and Erection All Risk (E.A.R) with Tawasul Insurance Services
CAR and EAR Policy provides an all risk cover during the construction period for contract work against loss or damage to property and third party liability for accidental bodily injury or property damage in connection with the performance of the Contractor other than by an excluded cause.
Contractors Plant and Machinery Insurance (CPM) with Tawasul Insurance Services
Contractors Plant and Machinery Insurance (CPM) insurance is an all risk policy covering the plant and machinery of contractor at specified work site. The Contractor’s machinery is generally used under rough conditions and so is more vulnerable to damage. The CPM policy is designed for all such situations and will assist in protecting your against the sudden and unforeseen physical losses / damages to your plant and equipment’s. It covers all kind of construction equipment like Compressors, Heavy Duty Crane, Boring Machines, Bulldozers, Pipe Jacking and Hauling Equipment, excavators, Loaders, Road Roller etc….
Workmen’s Compensation Insurance (WC) Policy with Tawasul Insurance Services
Workers compensation insurance provides coverage for an employee who has suffered an injury or illness resulting from job related duties. Coverage or compensation includes medical and rehabilitation costs and lost wages for employees injured on the job. It is a must buy insurance or a mandatory insurance in all free zones of the United Arab Emirates (UAE).
Property Insurance with Tawasul Insurance Services
Property is subject to many types of losses. It can be natural or unnatural. Form unnatural losses one can save their property by using burglar alarms or any other special devices. However in case of natural disasters like earthquake, Fire, Flood or any other disaster one cannot find out a way to foolproof the security of their property.
Money Insurance with Tawasul Insure Services
This Policy is designed to cover loss of money and Cheques as a result of fire, theft and other causes not specifically excluded. The money will be covered during transit to and from other bank and business locations also known as cash in transit insurance.
Cover will also extend to include all monies while on your premises or on the counter during business hours or in locked safe also known as cash in SAFE CASH on counter insurance.
Credit Insurance with Tawasul Insurance Services
Credit insurance covers the risk of non-payment when a business offers a trade credit to a corporate customer. Core benefits of credit insurance are;
· Focus on growing your business securely, selecting the right trading partners and moving safely into new markets.
· Helps in avoiding and managing credit risk.
· Helps to protect your balance sheet by lowering your bad debt provision.
· Enhanced cash flow
· Improved access to finance with favorable lending terms – off balance sheet funding
Bond Insurance with Tawasul Insurance Services
Bond Insurance and Construction Projects
In dealing with construction projects, the terms “Bonds” and “Bank Guarantees” often come up. Bonds and bank guarantees can offer different facilities, and it is important in making financial decisions that these differences can be discerned. Making the best decisions for your unique circumstances requires and understanding of the way bond insurance operates and how it can be used to achieve a variety of your financial goals as well as a sense of how bond insurance are priced, the dynamics that drive the market and the various risks involved for you whether you are a contractor or a developer. This guide, intended as an introduction to bond insurance for interested parties’ offers information on the three main types of bond insurance, as well as tips useful to making a decision on purchasing bond insurance.
What Value does Bond Insurance Add?
Bond insurance adds several value enhancing features to those who are involved in a construction project:-
· With bond insurance, a principal has a backup source of payment to rely on if the contractor cannot meet his obligations.
· For the Contractor, it comes at a huge cost saving in that he does not have to freeze his capital as in the case of purchasing a bank guarantee.
Motor Fleet Insurance with Tawasul Insurance Services
Tawasul Insurance Services offers you comprehensive insurance coverage and motor fleet insurance services and solutions in the United Arab Emirates (UAE). If you have a motor fleet and are looking to get a value for money motor fleet insurance quote from trustworthy vehicle insurance companies in the United Arab Emirates.
Gold Plus Jewelers Block Insurance with Tawasul Insurance Services
This policy is designed from Tawasul Insurance Services for those who are engaged in the jewelry business as retailers, wholesalers or manufacturers. The policy cover most of the risk exposures in this trade such as display in showrooms, personal carryings, sending by courier services or air freight, entrustments, exhibitions, etc…
Fidelity Guarantee Insurance with Tawasual Insurance
The policy is designed to protect the insured against fraudulent or dishonest acts committed by the employees in the course of the employment for their financial gain, which result in a financial loss to the insured.
Machinery Plant Insurance with Tawasul Insurance Services
Any person (say a Contractor or Sub-contractors) who own / or has hired the construction plant machinery and equipment are being exposed to the risk of its loss or damage whilst it is being used in a work site. Tawasual Insurance experts will help you tailor a machinery All Risk Policy that offers a very comprehensive cover for construction plant and machinery.
Professional Indemnity Insurance with Tawasul Insurance Services
The policy provides protection against professional negligence which could lead to Bodily Injury or Property Damage to third parties for which the insured can be held legally liable:-
· Professional indemnity for Consulting Engineers & Architects
· Professional Indemnity for Accountants
· Medical Malpractice Insurance (For Medical Practitioners)
Public Liability Insurance with Tawasul Insurance Services
The policy covers legal liability for accidental property damage of and / or Death or Personal injuries to third parties arising out of operation of the insured business within the Territorial scope. The policy specifically excludes liability arising out of products being sold, supplied or professional services rendered by the insured, loss or damage to property belonging to or in the care, custody or control of the insured, and liability to employees against occupational accidents / injuries.
Products Liability Insurance with Tawasul Insurance Services
This cover cab be granted as an extension to third party liability insurance to protect against legal liability to third parties for property damage and or death personal injury arising out of defects in the products sold, supplied or manufactured by the insured.
Al Tawasul Insurance Services Contact Details
Email: info@tawasulinsurance.ae
Telephone: +971 2 643 4331
Mr. Muhammad Iqbal (Executive Director)
Muhammad.iqbal@tawasulinsurance.ae
Mr. Raja Shahid Islam (Finance Manager)
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