Car Accidents in Dubai

Image source:

Image source:

You have finally obtained your driver’s license and more importantly, are you financially sound. If you are in this situation, you are on your way to purchase a car.

Once you have purchased the car of your dreams, call an insurer. Unfortunately, your four-wheeled beauty could become an obstacle in the path of a thrill-seeker, drunk or otherwise. Accidents are mostly unintentional and unfortunate, but sadly not uncommon. What’s even sadder is the amount of time wasted in pointing fingers instead of sticking around and cooperating with each other till (and even after) the police arrive at the scene.

In such an event, there’s just one simple rule: interact, don’t react and don’t admit fault. Check to make sure everyone involved is alright. If there are casualties, call an ambulance; be honest while explaining the incident, get the names and contact details of the other drivers involved in the accident and information about their cars, insurers, etc., and try to obtain as many eye-witness accounts as possible. From the legal point of view, taking pictures of the damaged vehicles is of utmost importance. In fact, here’s a tip for all parties involved the accident: have the ‘before’ picture of the car handy as well. Cell phones with cameras are a god send.

Lying is a strict no-no when it comes to talking to your insurer about it. You have to remember that you could be denied coverage for the damage if all the facts are incorrect. Carrying a copy of the police report is an absolute must: it could establish who violated the traffic law at the time of the accident. If you feel your insurer is not giving you a fair valuation for damages to your car, don’t hesitate to seek a second, and possibly a third opinion (including that of your car dealer).

Also, if needed, receive medical treatment as soon as possible. As far as visits to your doctor are concerned, all you have to do is be regular and heed every piece of advice. It’s very important to have a diary; it’ll help you keep track of the next appointment and amounts outstanding to your insurer, lawyer, etc. If the other insurers adjuster calls you, don’t speak to them, politely refer them to your adjuster.

Another consideration is waiting to make a decision once you have been made an offer. If it is a serious accident, speak to your lawyer and don’t settle a claim until you have made sure that you’ll be suitably compensated for all the injuries you have suffered. A doctor’s prognosis is critical, because some injuries could cause a great deal of discomfort for a very long time.

In the insurance industry, when a claim is presented to a Company and an adjuster is assigned to the claim, if it turns out that either party has called lawyers in for injuries, the companies will usually just take care of the physical damage of the vehicle and step back and allow the lawyers deal with the respected parties.

For more information you can visit car accident page of and can also watch our YouTube videos for avoiding car insurance claims in Dubai.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Cyber Risk Insurance

Image source:

Image source:

A core part of modern business organization is the technology operations a Company uses to run their business as seamlessly as possible. It is needed for electronic communication, daily management, storage of information data and software programs that are vital to your daily business operation. Unfortunately, the work you do on the internet is out there for the taking.

Cyber Risk Coverage

This type of coverage is not one of many that would be included in your business insurance policy. It is a liability policy/rider that needs to be added to your policy. It needs to adequately cover the cyber risks that may occur with your own technology and another business system owned by one of your clients.

There are a couple of different types of insurance for different types of risks.

First, your business information and technology is compromised; and secondly, any third party liability that you may be held accountable. A few of the important liability exposures:

  • Database and Network Security Breeches – such as a virus or malware, that gets into your main information system and is passed on to your customers or business associates.
  • Technology Failures – If you have any issues that prevent your employee from working all day, this coverage would cover the expense for the time down.
  • Business Interruptions – If you can’t use your system, it is interrupting the daily work flow that needs to be done.
  • Online Fraud – It happens everyday and the only course of action is to be as preventable as you can.
  • Online Reputation Management – Advise clients that your website is verified, safe to use and protected by only the best security systems.
  • Damage and Defense Costs – If you are sued by one of your customers, this coverage will respond to the damage and any legal costs.
  • Cyber-risk insurance is designed to protect your business from all of the exposure risks out there. It can be a complex situation and you should sit down with your agent and confirm the type of insurance you have, and if it is the insurance you require.                            

Insurance Solutions by Industry

These information is extremely important to protect your business. Every business has a different need as far as insurance is concerned. A small breakdown of the types of Insurance that may already be set up together as a Small Business package.

  • Automotive – including auto parts, gas stations, bars, glass and transmission shops, repair garages, service stations
  • Office packages for accounting, beauty salons, medical offices
  • Contractors – plumbing mechanical contractors, janitorial services, or electrical
  • Realty such as commercial buildings, property owners of residential apartments which have been manufactured by others

It’s never too late to speak to a licensed broker to get all the information you need to set up your business. Knowing you are completely protected for business insurance gives you a peace of mind to run a successful organization.

In the business section of, we can draft an appropriate policy that protects your online business.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Insurance Fraud in Dubai – we are all paying for it

Image source:

Image source:

If you live in Dubai and have insurance on your vehicles right now, it is a good chance that part of the premium you are paying is due the Company increasing their rates due to fraud.

We all pay for fraud through the insurance premiums, you can be sure the number is in the millions. The act of fraud is a criminal offence so you have to wonder how so many get away with it.

If you are participating in any type of insurance fraud:

  • Obviously your claim will be denied, the policy will be cancelled, and your license will be revoked. Because fraud falls under the Federal Government, high Authorities in some Countries, you could go to jail for 10 years depending on the extent of crime.
  • When the time comes that you are able to get your license back and drive, because insurance is mandatory, you will have to buy insurance. The Company will only offer you liability for the other person and the rate will be astronomical.
  • The most common type of auto fraud would include lying about the entire loss, staging accidents, entering claims on existing damage.

How Can What Can People Do to Help Fight Fraud?

  • Insurance company adjusters, and different levels of law enforcement, are making great strides in exposing insurance fraud rings, but they need help from the consumers to get the problem under control.
  • Report all suspicious activity whether it is in a parking lot, on the road, a hit and run, numerous criminal activity on your street like break ins, vandalism
  • Staged accidents, get as much information you can. In fact, take a picture with your phone of the license plate, car, person, everything you can.
  • Check over the claims form to make sure the information is all there and correct. Many cities now have collision reporting centers. Send you adjuster the pictures.
  • Do not ever sign a blank claims form or any type of legal form until you have spoken to your own adjuster or lawyers.

Did you Know?

  • If you lend your vehicle to someone and they have an accident, they will be liable for the accident, but so would you, being the registered owners. Make sure you have known the person you are lending your car to for quite awhile. A staging accident could be done with your own vehicle, and you wouldn’t even know it.
  • Insurance Companies do not like dishonest people. If you are caught trying to pull one over on the insurance company, they will take full legal action against you.
  • That an Insurance Company has guidelines to follow which before they can cancel your policy.
  • If you decide to cancel your policy mid term, there is a penalty but the most important thing you should do is to take a look at your policy. If there is an accident or ticket, it may be worth staying where you are until renewal. The worst thing you can do it cancel your policy before you have a written confirmation of a quotation with another Company.  If you want to change insurance companies and cancel your existing policy before it expires, be very cautious.

Come visit for your car insurance enquiry. We conduct a ‘know your customer’ check to reduce chances of fraud and hence protect you from facing higher premiums in the future.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

What, Where, Why, Who – Car Insurance in Dubai

Image source:

Image source:

Here are a few frequently asked questions about car insurance with quick and easy answers:

  • What is the difference between renting a car for your pleasure or renting a car to use because of an accident?

The rental vehicle is usually paid for by the insurance company. The pleasure rental is paid for by you.

  • Why are the rates for young men usually more than young girls?

Men usually show off a lot more than the girls do and rack up more speed tickets and accidents. That being said, woman drivers are getting more traffic offenses than ever. Depending on the Country, distraction offenses are rising on cell phone use.

  • Why is a Ferrari so expensive to insured?

Price, make, model, all the accessories and the top of the line materials used for each and every car

  • Tell me what is the difference between an Insurance Agent and an Insurance broker?

A broker has many companies that have access too, an agent works directly with one Company. 

  • What is the difference between a CSR and an Insurance Broker?

A CSR usually works in the office writing new business and assisting client with questions. An Insurance Broker does basically the same job, but they are on the road most of the time looking for business outside the office.

  • What’s the difference in rates if you are a young driver and don’t take a driver training course?

The course itself is around AED300 and up.

A young driver in the first year of being licensed may have to pay AED3000 with no experience or no driver training.

A young driver in the first year licensed with driver training would probably pay $1500. There are other factors however, just this one example, pays for the course the first year. 

  • Who sets the rates, the CSR, The Insurance Broker or the Insurance Agent?

None of the above. Insurance is regulated by a Government Authority. The people above must use the rates set by this rates approved.

  • What is the rate difference between a 2 door and a 4 door vehicle?

The 2 door models are normally higher as they tend to be  more of a sporty design which young drivers are attracted to buying.

  • What is the difference between an uninsured driver and a person being under insured?

Uninsured is when there is absolutely no insurance on the vehicle. Minimum amount required to drive. This is a problem if you are involved in an accident with this person and your injuries and damages exceed the coverage carried by the third party.

  • What happens if I have tickets for speeding or any other  driving infractions on my license?

Depending on the number of tickets, the company could charge you a higher premium.

  • What is the difference between the lessee shown on the policy and an lessor?

If you are leasing a vehicle from a dealer, the lessee is you, and the lessor is the Company leasing you the vehicle.

  • On an auto application it asks ‘has the vehicle been modified’. What does that mean?

If you have modified your vehicle, as an example, put in a higher HP of motor, or put the off road tires on it, or changed the vehicle from way the original vehicle was built.

Come and visit InsuranceMarket where your dedicated personal shopper can help you with any queries pertaining to your car insurance in Dubai.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Questions to ask your Broker when shopping for car and home insurance in Dubai?

Image source:

Image source:

Auto Insurance Dubai:

  • Why have my rates gone up when my vehicle is older than last year?

The premiums are not only based on the vehicle itself, they are based on driving experience, driving record and previous accidents.

  • What can I do to bring the cost down?

Ask your broker about any discounts you are qualified for this year or  if you can change any type of coverage like a deductible.

  • Am I qualified for any additional discounts this year?

If you have you home insured with your auto, you can get a multiline discount and possibly more.

  • Why are the rates so high for my son?

Most statistics show that young drivers, are involved in more accidents than those with more experience.

  • My car is only worth AED 10,000, why is my comprehensive insurance AED 1000? That is a 10% rate.

Comprehensive insurance in Dubai is subject to minimum premiums which must be charged regardless of car value. This is usually around the AED 1000 mark.

  • What are these new medical benefits? Are they mandatory? If you only had one question you could ask your broker, this would be it.

Accident Benefits are a very complex and you will find there are    different layers consisting of injuries, medical care, long term health issued. You should call and make an appointment with us for a breakdown of what coverage you have.

  • Can I increase the limits and the deductibles on my policy?

Yes to both, sometimes any additional premium is wiped out by the credit you will get increasing your deductible.

  • Does the alarm system on my vehicle lower my rates?

Yes, but in two different ways, first, the alarm system put in the vehicles by the manufacturers; have already been taken into consideration when originally assigned a vehicle code. Secondly, alarm systems you put in the vehicle will probably give you a discount. It is wise to check with your broker to find out the make of the system, as some do not qualify.

Home Insurance Dubai:

Image source:

Image source:

  • Does my coverage allow me “new for old” personal belongings

Yes within reason. It is best to video your inside belongings and keep receipts for high value items.

  • Do I have the highest Liability Coverage in case someone sues me?

This is very important. If you feel you need more coverage, and you are already at maximum limit, inquire about an “Umbrella or an Excess Liability” policy.

  • What if I have to leave my home because of a fire. Would my temporary living costs be covered

Most homeowner polices do have that type of coverage built in to the policy. That coverage is worth the premium in itself.

  • Are there any discounts on the home policy?

Yes, if you insure your home and auto with the same Company. Each company has its own.

  • I have expensive jewelry. Is there a limit on the policy.

There are limits with different insurers, your broker will be able to give you the advise you need to insure jewelry properly.

  • Do I have the best rates or is there another company that has lower rates that I can move to?

We provide the best coverage and rates of any insurance company in the area.

  • If I have an alarm, do I get a discount.

Yes most insurers will offer an alarm discount with receipt of an Alarm company certificate.

  • If I am traveling, should I have someone checking my home?

Yes, you should not leave your house unattended for more that 4 days. Other than the obviously reasons, the concern is the water pipes are not leaking.

Liability Insurance Dubai

  • My dog bit the guy next door, he said he may sue us. Do we have coverage for that?

This is the type of situation that you need the personal liability insurance.

  • I knocked over a glass of red wine on my neighbors carpet – can i pay for the cleaning under my policy

This would fall under your homeowners personal liability for property damage.

  • I drove my car into my neighbors garage, he is not happy.

Yes there is coverage; it would be paid through your auto policy.

  • The tree in my back yard fell on the same neighbors pool, and now he is really unhappy.

Yes, you can inform him that your insurance will take care of the damage.

You can visit to learn about the best deals on your car or home insurance in Dubai.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Yacht Insurance liability in Dubai and across the UAE

Image source:

Image source:

There are many yacht insurance clubs around the UAE, some of them offer special coverage for the elite. They are of course, written by particular Insurance Companies and are privy to a group rating. This allows them to keep the insurance costs quite low, plus increase and secure an attractive package for the member. A group yacht insurance policy does offer basically the same coverage as the non group policies. It is, however, wise to investigate and compare an alternate insurer to confirm you are getting the coverage you need. One very important liability coverage to look for is the type of protection it gives your crew members, should anything happen.

The base of the policy is the liability and the hull of the vessel. Other than the obvious coverage for the type, length, and value of the yacht, the prices are determined by the jurisdiction in which the vessel is registered and moored.

It is not just the coverage provided on the policy that is important, it is also the way they handle their claims service. You wouldn’t want to have hit something out there in the ocean, and have to wait 3 days for an adjuster to approve a tow for you. Claims Adjusters should be at arms length when needed and respond quickly. This would be the type of claim that you ask questions after the fact. A good Yacht Insurance Company should have excellent claims service. If it costs a little more, it would probably be to your advantage.

There should be a few liability situations that stand out such as:

1. Coverage extends to cover people who you have allowed to use the   yacht for short periods of time.

2. Offer complete coverage if you charter out the yacht to the public

3. The crew members working the charter would all still be eligible for all coverage that the actual policy provides to them; and

4. The people that charter your boat, must have proof of their own liability insurance in case of any type of damage or personal injuries they cause another person or damage they cause to the boat.

Contractual liabilities

You are covered for any contractual indemnities which you are required to accept under a club, marina, or supplier’s standard terms and conditions. Most rights of subrogation are waived. If you are to enter into an agreement, you must offer the agreement to your Company to review and approve.

Crew compensation

Type of coverage for crew compensation for accident, personal injury, illness or death. Ensure that any legal representation cost and expenses are covered.

Water sports

Personal Injury Claims arising from the use of water sports equipment, belonging to you and stored by your yacht.

Racing cover

A Company will usually cover sailing yachts participating in casual racing events or those organised by yacht clubs. There are restrictions on the type of racing that occurs, which should be read carefully before participating. If your yacht’s principal purpose is competitive racing, you will need to inform the Company.

Come visit for a custom made yacht insurance or pleasure craft insurance solution.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Workmen’s Compensation Insurance in Dubai and across the UAE

Image source:

Image source:

Every business must purchase Worker’s Compensation Insurance or else they risk being exposed to compensation that must be paid as per the UAE labour law if an accidental death or permanent injury occurs due to work related causes. This Insurance confirms that their employer commits their obligations to workers who are injured or become ill to a workplace hazard. It does not matter what the size of your business is, having to take care of your employees on your own, is a very challenging financial situation.

Workers who have been injured or become ill on the job, would probably take legal action against their employers, resulting in a system that would simultaneously made it difficult for workers to obtain compensation for such injuries. This could be potentially devastating to the employer who would be responsible for financial penalties within the regulated law.

Worker’s Compensation laws provide a fairly comprehensive benefits plan to workers who suffer workplace injury or illness. Benefits include lost wages, rehabilitation, medical expenses, and death benefits. If the employer fails to carry workers’ compensation insurance to meet the minimum standard laid out by the insurance regulators, they would have to pay all the costs themselves as well as pay penalties levied by their regulator.  

Worker’s Compensation is a worldwide insurance program that is regulated and governed by each individual country.

The main benefits of this coverage:

    • Occupational Death

Should a worker die as a result of a work-related injury, the member of his family shall be entitled to cash amount of his basic wage up to 24 months.

    • Loss of Wages

If a worker is unable to work due to injuries, there is coverage for a cash allowance equal to his normal salary for up to six months.

    • Permanent Disability

When a worker is permanently disabled, the cash amount is the same as the death benefit. It is given for period of 24 months.

    • Medical Expenses

When you are unable to work due to a work related accident, the employer shall pay for the cost of treatment in a government or private approved medical center. This includes all medical services such as rehabilitation equipment and medicines.

There are additional benefits available that are included in the categories above. If have questions about Workman’s Compensation, check online for the labour laws in your area.

Worker’s compensation does more than just hand out funds to workers that have been injured or have died at the workplace. They continually check complaints of the safety work sites; they will drop in unannounced to different work sites, and offer seminars on safety. Each employer will need to be aware of all the safety regulations and make sure their Company is run abiding by the rules.  There strict laws and huge penalties it your business is not working according to Labour laws. 

To enquire for workmen’s’ compensation insurance, you can meet Alfred or visit the business insurance section of InsuranceMarket.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine