• Fire and Accidents Insurance

    • Full range of covers to protect properties and assets
    • Pick, choose and combine covers as needed
    • Rich expertise in risk management/improvement

Overview of Our Products

Our Fire and Accidents policies encompass a wide range of covers that offer insurance protection for all kinds of residential and commercial properties against risks like fire, explosions, theft, storms, floods, earthquakes, riots, strikes, collisions etc.


You can explore the full list of policies we provide under our Fire and Accidents range on this page.


Each type of cover can be customised for specific types of residential or commercial entities and provide unique protections catering specifically to those properties or industries.

Standard Fire and Allied Perils

  • TYPES OF COVER

    There are two categories of covers offered under this product:

     

    • The basic policy cover (losses and/or damages due to fire and lightning only)
    • The additional cover (losses and/or damages due to fire, lightning and allied perils)
  • COVERAGE
    Both categories have similar terms applied to them. But for the additional cover of ""Allied Perils"", each peril differs from the other in terms of ratings. In addition to the above, you can also extend the standard fire and allied perils policy to cover against losses and/or damages due to burglary.
  • THE SUM INSURED
    The sum insured is decided either on the basis of the actual value or the new replacement value of the property. It should be adequate to cover the total loss. As the insured party, you would calculate and inform us of the sum insured. You may seek the help of our underwriters to determine how to do so. It's important that we have an accurate sum insured calculated accurately. This will help avoid averages being applied in the event of a claim, wherein you will have to pay a rateable proportion of the loss.
  • PREMIUM AMOUNT

    The rate chargeable is always calculated on a ""per mille"" basis (for every thousand units) on the total sum insured. The premium is usually dependant to the nature of risk, location and the housekeeping.

     

    There is a deductible applied for each and every claim. Remember that this is in addition to a number of other conditions.

Property All Risks

  • PRODUCT OVERVIEW
    Under our Property All Risks Insurance, we cover you for accidental physical loss of or damage to the property insured whilst situated at the premises described in the policy.
  • WHAT'S COVERED

    The coverage is usually provided for a period of one year. You are covered for any loss or damage by:

     

    • Fire
    • Lightning
    • Aircrafts
    • Explosion
    • Earthquake
    • Strike
    • Riot
    • Malicious Damage
    • Storm
    • Tempest
    • Flood
    • Bursting or Overflowing of Water Apparatus (including Sprinkler Leakage)
    • Impact by Own Vehicles
    • Theft or Attempted Theft (by violent and forcible entry to or exit from the premises)
    • Other Accidental Loss or Damage
  • THE SUM INSURED

    The sum insured is decided either on the basis of the actual value or the new replacement value of the property. It should be adequate to cover the total exposure.

     

    As the insured party, you would calculate and inform us of the sum insured. You may seek the help of our underwriters to determine how to do so.

     

    It's important that we have an accurate sum insured calculated accurately. This will help avoid averages being applied in the event of a claim, wherein you will have to pay a rateable proportion of the loss.

  • PREMIUM AMOUNT

    The rate chargeable is always calculated on a "per mille" basis (for every thousand units) on the total sum insured. The premium is usually dependant to the nature of risk, location and the housekeeping.

     

    There is a deductible applied for each and every claim. Remember that this is in addition to a number of other conditions.

Business Interruption Insurance

  • PRODUCT OVERVIEW

    Dealing with a fire or lighting incident at your place of business can be really stressful. What adds on to this is the stress of the lost revenue and burden of the standing charges (bank interests, employee's salaries, rent, electricity etc.) which will continue irrespective.

     

    In such situations, our Business Interruption cover can help out as a protection against the losses and financial burdens you might face during the period when your business can't operate at full capacity.

  • ADD ON COVER
    Business Interruption is an add-on cover that can be bought as an extension to the Property All Risks or the Fire Insurance policies. So, make sure you have one of these in place to enjoy the benefits of Business Interruption protection.

Premiums and Sum Insured

When you apply for a Business Interruption cover, the following factors will be taken into consideration for calculating your sum insured and premiums. 

Note that the rate chargeable is always applied on the total sum insured (gross profit) and is dependant to the period of indemnity, nature of risk, location and alternatives available to continue with the business.

  • Gross Profit - The amount by which "the sum of the value of the turnover and the value of the closing stock" exceeds "the sum of the value of the opening stock and the amount of the specified working expenses". The values of the opening and closing stocks should be calculated in accordance with the insured's normal accountancy methods, with due provision made for depreciation.
  • Net Profit - This is the net trading profit (exclusive of all capital receipts and accretions and all outlay properly chargeable to capital) from the insured business at the premises after due provision has been made for all standing and other charges, including depreciation.
  • Standing Charges - All continuing regular payments like Interest, Rent, Bank Charges, Insurance Premium, Advertising, Printing, Stationery, Electricity, Traveling Expenses, Maintenance of Plant and Machinery, Depreciation of Building, Plant and Motor Vehicles etc.
  • Annual Turnover - Turnover is the total money earned by an insured business or service in one year
  • Period of Indemnity - The period of indemnity is the length of time for which benefits are payable under an insurance policy.

    This different from the period of insurance, which will usually be 12 months. The indemnity period will depend on the time that the insured would feel as necessary to prepare to come back to the position they were in before the incident that led to losses in property and trading.

     

    Reasonably, this period would be anything between 6 to 18 months. But it is usually worked out on the basis of the indemnity amount payable, which is determined by factors like:

    - Reduction in turnover
    - Increase in cost of working

Livestock Insurance

  • PRODUCT OVERVIEW

    For farmers and agricultural entrepreneurs, their livestock is one of their most important assets.


    And just like any other business, a lot could go wrong if something happens to these assets - e.g. the death of animals resulting from accident, illness or disease. These events can lead to financial losses and can be a major burden on the business.


    Which is why a good Livestock Insurance policy can really help out. Through our Livestock Insurance policy, you will be covered for the actual value of your animals at the time of occurrence of the specific peril (or the time of the manifestation of the disease or illness) that cause death.

  • PREMIUM AND SUM INSURED

    The rate chargeable is based on the Total Sum Insured, which in turn is dependent on the type of animals, farm security, periodical veterinary check-ups and exposure to calamities, arrangements and seasons.


    There are various different conditions that are applicable to this policy. You can refer to the policy document for applicable exclusions.

Jeweller’s Block

  • PRODUCT OVERVIEW

    Gold and jewellery, in all forms, attracts a lot of attention. This attention can often lead to an added degree of risk when compared to other traded commodities.


    The additional risks demand extra security and extra insurance coverage.


    Our Jeweller's Block insurance coverage is designed to address these risks. You are protected against a range of different risks that affect gold and jewellery, providing cover for a host of perils are covered under the policy.

  • COVERAGE

    This insurance provides coverage against loss and/or damage to stock, furniture, fittings and fixtures etc.


    Under this policy, the word "stock" refers to goods consisting of gold, jewellery, platinum goods, bullion, precious stones and pearls.

  • PREMIUM AND SUM INSURED

    The rate chargeable is based on the Total Sum Insured, which in turn is dependent on the scope and extent of cover opted for and security measures in place, among others.


    There is a deductible and different conditions applicable to this policy. You can refer to the policy document for terms and applicable exclusions.

How to Get Insured

  • Apply by Phone

    Call us at 800 4746 (toll-free) for more information and to enrol over the phone.

  • Apply by Email

    Drop us an email with all your details and we'll get back to you soon.
  • Apply in Person

    Walk into one of our branches to get information, apply, and enrol in person.
Alternatively, request a call back from one of our insurance experts.

Product Resources

FAQs
  • Definitely! As long as you have an existing fire policy covering the stock. You have the option of extending the fire policy to cover the same stock against burglary as well.
  • Sure. We can insure your giraffes under our livestock insurance clauses.
  • Yes, we can cover your printing press under our Fire or Property All Risks policy.
  • You can get our Fire or Property All Risks policy for your office/shop/warehouse.
  • No, sorry, we can only issue a burglary cover policy if there is a fire policy covering the items.
  • Yes, tsunami should be covered as long as the provided policy covers earthquakes.

See more FAQs

What our customers think

  • I am using Oman Insurance from the last 5 months. Very good service. I applied for a reimbursement request through the Oman Insurance app and I received the approval within three working days.

    Drisya

  • I like the fact that you have promptly settled my medical expense reimbursement claims without any delay and also that you have kept me informed about the progress of this process.

    Shaji

  • Had a seamless claims handling experience when I recently met with an accident. I would highly recommend Oman Insurance for motor insurance.

    Pradip

  • They quickly responded to me after my accident. They visited the agency the next day and also the approval was on the same day. Thank you.

    Fatema

  • Company was very easy to communicate with; they took care of my car issues and renewed my insurance. The process was very easy and the staff was very polite and helpful.

    Racheal

  • Excellent support, and very quick service. I was shocked I got my insurance within two hours on a Saturday while at the seat of my office.

    Yacoub

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