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| Services and Facilities |
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| Saudi Brokers offers all types of traditional Insurance services as described below: Our Traditional Insurance Services
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KIND |
SCOPE |
Property Business Interruption |
Property All Risks (ABI)& / or (LM7 ), Fire and Allied Perils, Business Interruption following Loss ,Household Comprehensive , Shop Owners Comprehensive and Deterioration of Stock. |
Engineering |
Contractor’s All Risk (CAR), Erection All Risk (EAR) , Computer All Risk , Machinery Breakdown , All Risk Plant and Equipment and Business Interruption or Advance loss of Profit. |
General Accidents |
Motor , Personal , Money Policy, Theft , Dishonesty ,Disappearance & Destruction (3D Policy) and Workmen Compensation. |
Liability |
Comprehensive General Liability (Third Party Liability) ,Product Liability Policies and Professional Indemnity. |
Marine |
Marine Cargo and Marine Hull |
Aviation |
Aviation Liability, Hull and Loss of License ,Aviation Operator Liability |
Employee’s Benefits |
Medical and Group Life Insurance |
Others |
Product Guarantee , Product Recall, Medical Malpractice ,Decennial Insurance. |
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| Saudi Brokers promotes its newly added Insurance services, including but not limited to the following. |
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 Critical Illness Insurance
Marine Cargo Stock Throughput Policy;
3-D (Dishonesty, Disappearance and Destruction)
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Saudi Brokers Company provides a customized tailor made programs that meet Client’s needs through one of the following means,
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 Brokerage : Saudi Brokers company reads the fine print of various policies for its Clients adding clauses and deleting exclusions wherever needed. The Company knows the market and can, therefore advise the Clients about:- |
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 The Insurance Company most suitable to Client’s needs;
Interpretation of policies (Wording and conditions);
The “Rating” (which Companies give the most favorable premium, claims Adjustment and prompt settlement).This places the Company in a position to secure the most favorable rates for Clients.
Arrange Reinsurance support in the international markets.
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| Risk Management: Saudi Brokers focuses on Risk assessment before preparation of insurance packages/ bid documents in order to provide the best Insurance coverage for the risk and always into consideration “Cost Versus Insurance Coverage” |
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| Medical Insurance : Saudi Brokers provide Insurance schemes to meet the different needs; most of the policies take into consideration the CCHI approved wording and amend it to the needs and requirements of the Insured Client’s. |
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| These schemes are underwritten by a major Saudi based Insurer who has direct billing facilities with hospitals and /or clinics around the kingdom. |
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| Our range of services includes |
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| Rendered at no additional charges &/ or fees, we |
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Arrange complete preliminary study by arranging a complete pre- risk survey to all locations of the Client’s through a qualified surveyor to give the recommendations & suggestions which can eliminate probable risk occurrence and reduce the loss incase of accident. It takes into consideration close review of your present / existing coverage’s and your exact needs and requirements in accordance with the nature of business / trade
Prepare complete Bid Documents , which includes policy wordings , clauses to be incorporated as well as exclusions to be waived against broader coverage . Following ; we invite our pre –selected first class insurance companies to bid . This procedure makes us sure that all Insurance companies will submit there rates on the same terms and condition bases , which will make it easy for further comparison. This will be discussed further with you to incorporate any additional coverage you might require.
Prepare a complete comparison sheet of all the proposals submitted by the Insurance Company along with spreadsheets and our recommendations on the most competitive Insurance Company.
Assign and Account Executive to manage this account through regular visits to understand your needs and requirements , and from time to time amend the changes accordingly and to follow up the processing of all our claims.
Our job does not end here, but it covers as well “after sale services” A-Z claims handling –on behalf of our clients –from the moment claims are reported to us , intimated back-to-back to insurers , through submitting claim documents ,negotiating settlement and finally achieving & collecting settlement. It will further include preparation of periodic claim’s statistics for your own record.
Discuses and review the end of year insurance results with the Client’s to achieve necessary adjustments and to request renewal terms from existing Insurance Company at least one month from the renewal date.
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