Miscellaneous Accidents Insurance Policy

Concept of Coverage

Ta’awuniya Insurance Company provides “Miscellaneous (General) Accidents” insurance, which includes a set of products covering multiple types of risks.

Policies/Covers under this service

1. Personal Accident Insurance: Covers death or disability resulting from an injury due to a sudden accident. The sum insured is set by the insured and forms the basis for compensation.
2. Workmen’s Compensation (Employees’ Injuries): Covers workers against injuries during working hours, at the workplace, and while commuting to and from work.
3. Liability Insurance: Covers the insured’s financial losses arising from civil liability toward third parties.
4. Bankers Blanket Bond (BBB): Covers a broad set of risks faced by banks, including cash theft/hold-up inside the bank, cash-in-transit risks, fidelity losses caused by bank employees, forgery of cheques and other financial instruments, and hold-up risks affecting bank equipment and devices.

Cash Insurance Policy

Covers cash (and equivalents) against robbery/theft risks (excluding stated exclusions), with several forms:

1. Cash-in-Safe:

   Covers cash and equivalents kept in steel safes, provided theft is committed by third parties and supported by a police report.

2. Cash-in-Transit:

   Covers cash against fire, theft, and transit risks while transported by road to and from the insured’s workplace, provided theft is by third parties and occurred by force.

3. Cashier Cash:

   Covers theft of cash handled by the cashier during official working hours, committed by third parties and evidenced by a police report; treated as part of Cash-in-Safe cover.

4. ATM Cash:

   Covers fire and theft of cash inside ATMs within 24 hours, provided theft is by third parties, involves force/violence, and is supported by a police report.

Fidelity Guarantee (Breach of Trust)

Covers cash or stock entrusted to cashiers and storekeepers (and similar roles) against misappropriation by those entrusted persons; issued for the benefit of the applicant requesting the cover.