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Tamkeen Insurance Company offers a special insurance program to contractors and property owners against contractors’ risks resulting from implementation and/or maintenance projects, and to indemnify subscriber/policyholders (contractor/owner), from incurring any material burden for reparation of damages and/or losses resulting from projects under implementation, subject to flexibility considerations in meeting specific insurance needs.

The Company is committed to fulfilling its obligations towards subscribers (policyholders) and to responding quickly and promptly after any incident, in a professional environment built upon clarity and credibility in order to achieve the vision of creating an integrated partnership with subscribers (policyholders). The Company is committed to its mission and corporate identity based on the full adoption of the principles and standards of application of insurance compliant with the provisions of Islamic Sharia’a.

Insurance Coverage:

The Company is committed, under the Contractor's Insurance Program, to disbursement of reparations for damages and/or losses incurred by contractor/owner due to the following risks:

Material Risks which Include:

Project-associated property located, stored and/or transferred on site.
Contractor's equipment, machinery and temporary equipment required for project on-site construction.
Costs incurred from rubble removal as a result of excavation or automatic demolition.
Loss of fees paid to architects/consultants in the event of an accident at project site and costs of overtime and/or express freight expenses incurred due to the accident.

Third Party Liability Risks:

Physical injury and/or death as a result of project activities under implementation.
Damages to property of a third party.
Cross liability risks specific to owner /contractor(s) of project under execution.
Physical injury and/or death or other material damages (to owner/ contractors / engineers).

Calculate the Value of Insurance Subscriptions (Premiums):

The value of insurance subscription (premiums) is calculated on the basis of: the type of risk covered by insurance, the total insurable value (compensation ceiling/cap), nature of project under implementation, project duration and location, adopted safety measures, and deductible value (incident charge/fee) agreed upon with the insured person/party.

Subscriptions (premiums) are calculated as a percentage per thousand of the total insurable value (maximum limit of indemnity (.