Tamkeen offers a special professional liability insurance for subscribers (policyholders) and indemnify them of any material burdens and/or losses resulting from negligence and/or unintentional error that occurred while practicing his/her profession/occupation that may cause damage to others, subject to flexibility considerations for meeting specific insurance needs.
The Company is committed to honoring its obligations towards subscribers and responding quickly and promptly after any incident, in a professional environment based on clarity and credibility to achieve its vision of creating an integrated partnership with subscribers. The Company is committed to its mission and corporate identity based on the full adoption of principles and standards of application of Islamic insurance compliant with the provisions of Islamic Sharia’a.
Under the Professional Liability Insurance program, the Company is obliged to reparation of damages and/or losses resulting from lawsuits and claims due to negligence and/or unintentional error that the subscriber (policyholder) may have committed during the exercise of his/her profession through the disbursement of compensations to the affected employees, agents or any other parties directly related to the effects of such damage.
Calculate Value of Insurance Subscriptions (Premiums):
The value of insurance subscription (premiums) is calculated on the basis of total insurable value (maximum limit of indemnity) and nature of insured profession.
Insurance contributions (premiums) are calculated as a percentage of the total insurable value (maximum limit of indemnity)
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