property insurance...automatic joining of employees from the date of joining the employment with the...

COVER SPECIFICATIONS

PROPERTY INSURANCE

1. Eligibility Criteria:

EXPO 2020 participating pavilion as the Insured.

Insurable Properties

All Physical Assets including but not limited to:

a) Tenants improvement including all permanent fixtures / fittings

b) Electronic and Computer Equipment

c) Stock of Merchandise, Display Items, Exhibit Items and the Like:

d) Any Other Property as declared

2. Scope of Cover

Industrial & Commercial Property All Risks Policy Form – London Market 7

All Risks basis covering loss or damage by the perils listed below together with accidental, physical loss of

or damage to the insured property due to any cause that is otherwise not excluded under the policy.

• Fire

• Lightning

• Explosion

• Earthquake / Storm / Tempest / Flood etc. (Acts of God)

• Bursting or overflowing of water tanks and pipes

• Aircraft Damage

• Impact Damage can be extended to include own vehicles

• Riot and Strike / Civil Commotion

• Malicious Damage

• Burglary – due to forcible / violent entry and/or exit

Cover Extensions

1) Automatic Reinstatement of Sum Insured; 2) Claims Preparation Cost; 3) Designation of properties Clause; 4) Errors and Omission Clause; 5) Fire Extinguishing Expenses; 6) Payment on Account Clause; 7) Removal of Debris; 8) Reinstatement / Replacement Value Clause (85% Condition of Average); 9) Sprinkler Leakage - Accidental;


10) 72 hours Clause; 11) Impact Damage By Own Vehicles; 12) Smoke Damages due to insured perils

Please refer to the Policy form for further details

There are limitations applicable to some of the above clauses as mentioned in the policy schedule.

Main Exclusions

• Electrical and Mechanical breakdown

• Deterioration of Property due to change in temperature

• War and Civil War including invasion of foreign enemy , Sabotage and Terrorism

• Loss destruction or damage by storm tempest water hail frost or snow to property in the open (other

than building and structures designed to exist in the open) and contained in open sided buildings;

• Loss destruction or damage by nuclear, radioactive contamination, ionising and radiation etc;

• Loss destruction or damage to:

• Property in course of construction or erection or Property being worked upon;

o Electrical equipment or wiring caused by electrical current (other than lightning). Resultant

damages will be covered excluding the particular equipment causing the loss.

o Property in transit other than within the premises;

o Property whilst in transit other than within the premises;

o Value documents manuscripts business books or computers systems records except

reconstruction cost;

• Loss resulting from unexplained or mysterious disappearance and theft etc;

• Contamination pollution, wear and tear, corrosion, rust, vermin, fungus, rot gradual deterioration

etc;

• Sanctions / Embargo

• Waiver of Subrogation against EXPO 2020

Rate & Deductible: To be quoted upon submission of duly completed Application Form


WORKMEN’S COMPENSATION & EMPLOYER’S LIABILITY


EXPO 2020 Participating Pavilion as the Insured

2. Scope of Cover:

Injury to employees as a result of accidents arising out of and in course of employment during the period

of insurance within the territorial limits in the Policy

(a) Compensation: As per UAE Federal Labor Law No. 8 of 1980

(b) Standard Benefits

a. Death: 24 months’ basic salary subject to minimum AED 18,000/- and maximum AED 35,000/-

b. Permanent Total Disability (PTD): Same as death benefits

c. Permanent Partial Disability (PPD): As per scale mentioned in the Labour Law

d. Temporary Total Disability (TTD):Salary (excluding allowances) for the days the injured

employee is not fit to attend to normal duties as certified by a qualified medical practitioner

up to a maximum period as stipulated in the Labour law (100% first 6 months and 50% during

the balance 6 months

(c) Other Benefits

a. Medical expenses: Medical expenses incurred towards treatment of injuries caused as a result

of work related accidents subject to policy limitations – Limit: AED 25,000/- per employee per

accident.

b. Repatriation expenses: Repatriation expenses to send the final remains following work related

accident are covered hereunder. Limit: AED 25,000/- per employee

c. Employer’s Liability: Legal liability of the employer for occupational injuries due to his

negligence at Sharia/Civil law. In addition, Insurers will also pay for the defense costs incurred

with written consent. Limit: AED 1,000,000/- any one occurrence.

(d) Cover extensions

✓ Employee to employee Extension (arising in the course of employment) ✓ Including cover for Hernia, Sun Stroke, Muscle Strain as industrial disease arising in the course

of employment ✓ including transportation to and from place of work to residence and vice versa considered as

“at work” ✓ 24 Hours Non-Occupational Personal Accident cover Extension (Accidental Death and

Permanent Total Disability & Repatriation benefit as provided above) ✓ Including employees travelling on motorcycles for office duration only


✓ Including sports and other social activities/ functions of the employees conducted under the auspices of the Insured as being a part of the business of the insured

✓ Automatic joining of employees from the date of joining the employment with the Insured – premium adjustment at policy expiry

Please refer to the Policy Form for further details ✓ Blood Money (Diya) difference Clarification Clause ✓ Primary Insurance Clause ✓ Errors & Omissions Clause ✓ Including persons selected to be the Insured’s employees on new employment contracts whilst

on incoming flights from their country of origin to the UAE and to their place of stay in the UAE. The policy cover to continue for such new persons whilst their employment visas are being processed and until completed

✓ Waiver of Subrogation against joint/ additional insureds, if any ✓ Claim Notification – as soon as reasonable practicable ✓ Funeral expenses up to a limit of AED 10,000/- per person only when repatriation is not

possible ✓ Including medical treatment outside country of work – Subject to treating physicians

recommendations & expenses not exceeding UAE Medical limits and prior approval ✓ Including insured’s employees whilst on flights and/or commuting from/to country of work

provided they are not part of the flight as aircraft crew ✓ Cover for occupation and industrial disease

(e) Deductible: 1 Day for Temporary Total Disablement

(f) Main Exclusions:

✓ Natural Death ✓ Non Occupational sickness/ injury ✓ Total Asbestos Exclusion Clause, punitive and exemplary damage ✓ Sabotage, Terrorism & War ✓ Aviation Liability ✓ Off shore works completely ✓ Sanction and Embargoes Clause ✓ Electronic Data Endorsement Clause ✓ Political Risk Exclusion Clause ✓ Full Nuclear Exclusion Clause ✓ loss or damage arising out of Pollution and Contamination absolutely ✓ Claims arising out of AIDS ✓ Excluding any exposure from emerging risks being: ✓ Electromagnetic Fields (EMF) ✓ Genetically Modified Organisms (GMO)


✓ Transmissible Spongiform Encephalopathy (TSE) ✓ Toxic Mold

(g) Premium Rate: 0.20% on the estimated total wages subject to a minimum premium of AED 500/-

per policy


MOTOR INSURANCE 1. Eligibility Criteria:

• EXPO 2020 Participating Pavilion as the Insured

• Type of Vehicles: Saloon/SUV/4x4

• Vehicle value below AED 250,000/-

2. Coverage: As per UAE Unified Motor Vehicle Insurance Policy

• Comprehensive up to 10 years from the date of first registration

• Agency Repair up to 3 years for the date of first registration

• Cover against Natural Calamites

• Nil Excess (Recoverable claims only)

• Nil Excess (Wind Screen Damages only)

• Off Road Cover (4WD)

• Unlimited Third Party Bodily Injury Cover

• Third Party Property Damage Cover up to AED 2,000,000/-

• Geographical extension to Oman

• Personal Accident Benefit Cover

• 24 Hours Roadside Assistance Cover

• Cover for Personal Effects

• Ambulance Cover

• Loss/Damages by Riots/Strikes & Civil Commotion Cover

• Replacement Car

• Towing Charges

• Emergency Medical Expense Cover

• Free Life Insurance Cover for Individual Insured for AED 100,000/-

3. Annual Premium Rate

• Motor – 3.00% subject to a minimum premium of AED 1,300/- for Saloon/SUV and AED 2,000/-

for Four Wheel Drive Vehicles

• Personal Accident Benefit for Driver– AED 120/-

• Personal Accident Benefit for Passenger– AED 30/- per seat

• Premium for Replacement Car Option:

✓ 7 Days – AED 222/-

✓ 10 Days – AED 293/-

✓ 14 Days – AED 365/


4. Excess as per below.

Vehicle Value Excess (AED)

Up to AED.50,000 350/-

From AED.50,001 to AED.100,000 500/-

From AED.100,001 to AED.250,000/ 750/-


MARINE CARGO INSURANCE


• EXPO 2020 participating pavilion as the Insured

• Interest: Materials imported by EXPO 2020 participating pavilions

2. Scope of Cover

• Provides cover against loss of or damage to cargoes while in transit

• Cover includes War, Strikes, Riots & Civil Commotion risks

• Institute Cargo Clauses (A) for sea freight and Institute Cargo Clauses (Air) for air freight in respect of

General Cargoes

• Institute Frozen Food Clause (A) or Frozen Meat Clause (A) in respect of temperature controlled

cargoes.

• These are ALL RISK clause, which does not specify the perils covered and only perils excluded are

specified. Hence those perils(s) not specifically excluded are covered.

• In addition General Average and Salvage charges are also payable in respect of sea shipments except

due to those specified exclusions.

Attachment and Termination of Risks:

• If the purchase (INCO) terms are on FOB basis, insurance cover commences once the goods are loaded

to carrying vessel/aircraft or from the time ownership of cargo transferred to insured as per contract

of sales and ceases upon arrival at the final destination.

• If the purchase (INCO) terms are on C&F basis, insurance cover commences once the goods cross the

ship rail or from the time ownership of cargo transferred to insured as per contract of sales and ceases

upon arrival at the final destination.

• If the purchase (INCO) terms are on ex-works basis, insurance cover commences once the goods leave

the suppliers premises and ceases upon arrival at the final destination.

Exclusions under Cargo Clause

Following are the basic exclusions under the Institute Clauses:

• Willful Misconduct;

• Ordinary leakages, loss in weight, wear and tear etc.,

• Trade Losses;

• Insufficiency or unsuitability of packing or preparation of goods (Package include stowage in a

container or liftvan only when carried out prior to attachment of risk or by insured or their servants);

• Loss or damage caused by inherent vice of the subject matter insured;


• Loss or expenses proximately caused by delay;

• Un-seaworthiness of vessel provided assured or their servants are privy;

• Atomic or nuclear fission or fusion or radioactive force;

• Deliberate damage by the wrongful act of any person or persons;

• Excluding electrical / mechanical / electronic derangement unless caused by visible physical impact;

• Excluding rust, oxidation & discoloration unless caused by an insured peril;

Basis of Valuation

- C&F + 10%

- FOB + 20%

- Ex-work + 20%

Deductible (Excess)

The policy is subject to a monetary deductible.


GOODS IN TRANSIT INSURANCE


• EXPO 2020 participating pavilion as the Insured

• Interest: Materials imported by EXPO 2020 participating pavilions

2. Scope of Cover

Loss or damage to goods being transported in road conveyance. Perils covered depends on the type of

cover opted.

Types of Cover

a) Road Risk Clause (Road Risk cover)

Perils covered:

• Fire

• Lightning

• Collision

• Overturning

• Breakage of bridges involving the vehicle

a) All Risk Land Transit Clause

Perils covered on All Risk basis except the below:

• Willful misconduct of the insured

• Ordinary leakage, loss in weight or volume or wear and tear

• Loss due to insufficient or unsuitability of packing

• Loss, damage due to delay

• Loss, damage due to inherent vice

• War, civil war etc.

• Capture seizure arrest restraint or detainment and result of losses

• Derelict mine bombs, weapons etc

• Riot, strikes and civil commotion

• Terrorist acts

Information Required By Insurers

Single Transits: (1) Nature of goods being transported


(2) Value of the goods (3) Voyage (From – To) (4) Carried by own trucks or Hired trucks*

*If hired trucks are used for transportation of goods, please review the contract and ensure that all rights are reserved.

Deductible (Excess)

The policy is subject to a monetary deductible depending on the cover opted and the nature of goods

transported.

Rate Chart:

As attached


INBOUND TRAVEL INSURANCE


• Employees of EXPO 2020 Participating Pavilion

• Maximum stay duration: 180 days

• Insurance must be purchased before the commencement of travel

2. Coverage

As per Inbound Policy wordings

The following is only a summary of the cover. Request you to refer to the Terms & Conditions for full

details:

Benefits Travel Inbound Plus Travel Inbound

Assistance Services Included Included

Emergency Medical & Associated Expenses

$50,000 (In-Patient and Out-Patient) AED 150,000 (In-Patient Only)

- Excess $50 Nil

Emergency Medical Evacuation Included Above AED 7500

- Excess $50 Nil

Repatriation of Mortal Remains $5,000 AED 10,000

- Excess $50 Nil

Emergency Family Travel 1 x Economy Return Ticket -

- Excess $50 -

Emergency Dental $500 -

- Per Tooth $100 -

- Excess $50 -

Loss of Personal Baggage $2,500 -

- Valuables (including laptop) $ 500 Per Item -

- Single Item, pair or set $ 125 Per Item -

- Tobacco, alcohol and fragrances $ 50 Per Item -

- Excess $30 -

Loss of Personal Money $300 -

- Excess 10% of claimed amount -

Credit Card Fraud $300 -

- Excess $30 -

Baggage Delay $ 500 ($ 50 per 3 hours) -

- Excess 3 hours -

Flight Delay $ 500 ($ 50 per 6 hours) -

- Excess 6 hours -

Loss of Travel Documents $500 AED 250


Exclusions: As per policy wordings

Premium Chart:

Orient - Inbound Plus Travel Insurance Orient - Inbound Travel Insurance

PREMIUM (AED) - Inclusive of 5% VAT PREMIUM (AED) - Inclusive of 5% VAT

Trip Band

Inbound Plus Trip Band

Inbound

18-65 years 66-79 years 18-65 years 66-79 years

15 days AED 63.00 AED 126.00 30 days AED 42.00 AED 168.00




180 days AED 630.00 AED 1,260.00

Additional Notes:

• As per Orient Insurance Inbound Policy wordings & exclusions