Commercial Lines
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Commercial lines insurance is a type of insurance plan that protects companies from losses during business operations. It offers coverage for risks related to employees, customers and company property across sectors, from construction and manufacturing to healthcare and finance.
Businesses are more vulnerable to financial risks than individuals on account of employees, customers and infrastructure. Since companies are liable for the actions of their employees, insurance needs become increasingly complex as the number of employees increases.
Commercial Corporate Insurance isn’t just a “nice-to-have”—it’s the secret weapon every smart business needs. Imagine running your company without constantly looking over your shoulder for property damage, lawsuits, or cyber-attacks. Sounds great, right? That’s what Commercial Corporate Insurance does: it takes on those risks so you can focus on scaling up, not cleaning up.
But hey, let’s keep it real. Insurance can be a significant investment, and finding the right coverage can feel like a headache. And while it won’t prevent disasters, it does soften the blow when things go wrong. So, yes—Commercial Corporate Insurance is a cost, but it’s also your ultimate confidence boost, ensuring you grow without the constant worry of “what if?
ENERGY INSURANCE
We have a dedicated team comprising experienced underwriters and engineers who understand the complexity and technicality of energy related risks.
Our specialised team is well versed with the process, whether it is for the early seismic surveys, upstream development phase, offshore pipe laying, project financed mega LNG trains or for construction of a refinery.
Whatever may be your need, we deliver quality service and offer bespoke risk transfer solutions.
Energy insurance covers such as,
Operations: Onshore/Offshore + OEE
Master package programme covering various facets of Offshore and Onshore Operations viz. property including supply vessels, liability, Operators Extra Expenses (well control), increased cost of redrilling, marine cargo, incidental works etc.
Builders All Risks (offshore projects)
Builders All Risks covering EPC contracts tailor made to suit specific requirements. This may include special conditions and clauses that are required by financiers
Erection All Risks (onshore projects)
Erection All Risks and Advance Loss of Profit/Delay in Start Up covering downstream Energy and petrochemical projects
Professional Liability Insurance
While working for a client, any mistake that causes financial or reputational damage can cause a lawsuit. Professional liability insurance covers the cost of any legal action that results from damage, depending on the profession. Occupations that need professional indemnity insurance include accountants, physicians and engineers.
Product Liability Insurance
Product liability insurance is essential for manufacturers, distributors and retailers to protect against damages claims caused by their products. Any defect arising during the design, manufacturing or distribution process can cause bodily or property damage. In such cases, product liability insurance limits financial and reputational harm to the business.
Employer Liability Insurance
Businesses employing one or more workers require employer liability insurance. If an employee is injured or becomes ill due to their work, the employer is liable to pay medical costs and compensation. Even if the employer is proven not to be at fault, legal expenses can rack up. Employer liability insurance relieves this burden by covering medical, legal and unemployment payments.
Commercial Property Insurance
Commercial property insurance targets businesses that own real estate. Offices, factories and warehouses need insurance in the event of fire, theft or natural disaster. It also covers company assets, including furniture, equipment and inventory. However, property located in flood-prone areas needs separate commercial flood insurance.
Commercial Auto Insurance
Company-owned vehicles used for business aren’t covered by personal motor insurance policies. Companies are legally required to insure vehicles used for work-related purposes. A comprehensive commercial auto policy covers both damage and injury claims, protecting your business from the costs of a work-related accident.
We realize how hard it would be if a business vehicle is being off the road due to road traffic accident.
We help choose the right policy for you from a diverse range of Insurance providers including the Multinational Insurers. You can report your motor claims through us as our in-house claims team strives to ensure prior importance to the commercial vehicles while reporting and handling claims with your chosen Insurer.
Business Interruption Insurance
Business interruption insurance indemnifies lost income if the business can’t operate due to covered losses like property damage or workplace injury. Financial disruption can severely affect small and large companies that can afford to stay closed for long periods. By supplementing lost income and covering repair costs, business interruption insurance allows companies to get back on their feet.
ENGINEERING AND CONSTRUCTION INSURANCE
Times have changed, businesses are evolving more rapidly, and industries are becoming more responsive to market dynamics including global forces, risks and opportunities.
Construction and engineering sector is certainly not exempted as these industries are important for several reasons. Apart from being a highly specialized sector, it remains a significant economic contributor despite fluctuations, challenges and slowdowns that have impacted it in recent years.
From a risk mitigation point of view, it is important to note that there are various risk and liability concerns that are specific to it. In a nutshell, engineering insurance refers to essential cover which affords economic safeguard against risks encountered during contract implementation and execution. At FMMIC, we offer variety of engineering and construction related insurance types and risks associated with the following products.
- Contractors All Risks (CAR) Insurance
The basic concept is to offer comprehensive and adequate protection against loss or damage in respect of contract works such as construction, fit out, installation, including plant and equipment and or construction machinery. Cover is extended against third party claims in respect of property damage or bodily injury arising in connection with the execution of a building contract.
- Contractors Plant and Machinery (CPM) Insurance
This is an insurance of contractor’s plant and machinery on an annual basis. It covers any loss or damage from any cause whatsoever occurring at work, at rest or during maintenance operations and is not limited to a specific construction site, including third party liability coverage.
- Erection All Risks (EAR) Insurance
This this a comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.
GROUP MEDICAL INSURANCE
Whether it is for Groups in a corporate setting or an SME, who prefers the benefit of dealing with a transparent and trustworthy insurance partner, our wealth of experience in Medical insurance, dedicated claims handlers and Relationship managers, allows us to assess and respond to inquiries in a thoughtful and carefully considered manner.
Our well experienced representatives carefully customise plans to your specific needs, with an emphasis on building long-term relationships/partnerships.
Whatever may be the size of your business, we offer a range of medical insurance plans and healthcare solutions to suit your requirements.
What benefits we offer to our clients:
- International, regional and local healthcare plans ranging from basic to fully comprehensive.
- Network of hospitals, clinics and pharmacies for treatment throughout the Gulf. A Worldwide network of hospitals may also be arranged for frequent travellers
- Our plans are in line with and are approved by the local regulators like the Dubai Health Authority (DHA) and the Health Authority of Abu Dhabi (HAAD) in the Emirate of Abu Dhabi.
- Our team of underwriters assess products with competitive premiums and our experienced claims officers ensure to settle claims in a swift and hassle-free manner.
- Our specialised team of dedicated relationship managers manage client requirements during the contractual period.
MARINE CARGO INSURNACE
Marine Cargo Insurance is one of the oldest branches of Insurance or you can say here is where the insurance mechanism was invented. Marine insurance is an agreement whereby the insurer undertakes to indemnify the insured for loss of or damage to goods /cargo during transit by rail, road, sea, or air.
Marine Cargo insurance plays an important role in domestic trade as well as in international trade. Most contracts of sale require that the goods must be covered, either by the seller or the buyer, against loss or damage while in transit
HULL AND MACHINERY
Hull and machinery insurance is a type of ocean marine insurance. This hull coverage protects the insured vessel or fleet against physical damage caused by a peril of the sea or other covered perils while the vessel is in transit over water.
Although the most commonly insured vessels are those operating in the ocean or the sea, hull and machinery insurance can cover vessels that work in any kind of waterway. For example, tugboats, barges, floating machinery, and even oil rigs which operate in coastal areas.
Hull and machinery insurance policies can be written to cover a single vessel or the whole fleet of a ship owner.
A deductible specified in the policy declarations is payable in the event of a hull and machinery insurance claim
KEY-MAN INSURANCE
Keyman insurance is a type of life insurance policy that covers the business organisation for losses arising from the death of its key people. The employer pays the premium, and if the insured person dies during the policy term, the employer receives the death benefit.
When a business organisation feels that the absence of certain key members or people can greatly affect its performance, then it buys a keyman business insurance policy where:
- The policy is proposed by the business organisation.
- Premium payments are made by the business organisation.
- The life of ‘key’ people is insured for a fixed amount.
- The business organisation is the beneficiary of the policy.
In a keyman insurance policy, the employer is the proposer who pays the premium, and the key person is the life insured. The keyman can be any person who holds a significant position in the business organisation’s growth or has a specified skillset.
In case of the unexpected death of the keyman, the employer will receive the death benefit. The unexpected demise of the keyman can incur losses to the business organisation in two ways: profit reduction and costs for replacing the key person.
The death benefit from the keyman insurance policy can be used to tackle the financial inconsistencies in the absence of the key person or recruit a new executive. However, if the life insured survives the policy term, no benefit is paid.