Palestine Insurance Company offers a variety of insurance programs designed to meet the needs of individuals and institutions. This includes:
Covers the Legal Liability of the insured that may arise towards Third Parties as a result of an accident during the insurance period. Which may cause bodily injury and/or material damage to the property of a Third Party. However, the accident must take place at the insured location of the insured
Limit of Indemnity: normally, there is a limit of indemnity for Any One Accident and a limit for the insurance period. The limit is determined based on the nature of business of the insured, the location and the potential risk. This type of insurance can be used by commercial stores, showrooms, companies and institution to cover the visitors.
This coverage is provided to companies that operate refrigerating warehouses (cooling) or to restaurants. It indemnifies the insured for the damage or deterioration that could occur to the stored goods in the refrigerators as a result of malfunction or breakdown in the machinery of the refrigerating equipment. This cover is contingent and given along with a Machinery Breakdown insurance policy for refrigerators and cooling machinery.
This insurance indemnifies the insured against any loss or damage to the Plate Glass installed on buildings, as a result of sudden and unforeseen accident up to the limit declared by the insured.
Accidents covered may include: storms, earthquakes, fire, lightening, external explosions, burglary and riots.
The insured is indemnified in case of glass damage up to the limits stated in the schedule as follows:
The Annual Premium is determined as a percentage of the Total Insured Value and/ or the limit of indemnity during the insurance period
EEI indemnifies the insured for any material damage to electronic equipment and computers against any all sudden and unforeseen losses. Coverage also includes fire, lightening, water damage, burglary and damage that results from electrical disturbance during installations and maintenance.
Cover can be extended to include increased cost of working and the cost of restoring lost data as a result of a covered accident.
The sum insured is calculated based on “new replacement value” of the same equipment in addition to shipping, clearance and installation costs
This insurance covers the legal / civil liability of producers, distributors or organizations that are responsible for testing products, against bodily injury or material damage towards Third Parties as a result of using the subject products or goods.
This type of insurance covers the compensation of employees and workers of the insured for bodily injury, death, permanent total disability, permanent partial disability and / or temporary disability as a result of accidental accident suffered during the insurance period during:
The insurance coverage may also be extended to include overtime, public holidays and holidays if explicitly stated in the insurance and an additional premium is charged
Engineering Insurance consists of several insurance types, including:
Provides necessary financial protection to owners and/or contractors of a "project" if the project requires repairs or replacements as a result of a sudden unforeseen loss or damage during the implementation and/or maintenance. Coverage includes:
Coverage can be extended to include Sub-contractor (Plumber Contractor, Electrical Works, main Contractor Structural Construction Contractor)
This insurance is considered one of the oldest types of insurance. Marine insurance can be classified to two main types:
The workplace may be subject to burglary during or outside working hours, or money may be stolen while in transit from the insured's offices to the bank or vice versa.
Money insurance policy, whether in transit, in safe or in the drawers, compensates the insured for their losses.
The premium is calculated on the basis of the estimated annual amounts held in safe and in transit, and prices vary according to the size, nature, risk location, security measure, and claims history.
This policy provides compensation to the insured in case they suffer a direct financial loss as a result of acts of infidelity from one of their employees as a result of:
Losses include cash, checks, securities, number forgery, manipulation and theft of inventory.
This insurance provides coverage for legal liability made by third parties against the insured under the following circumstances:
This policy provides insurance coverage for licensed professionals or specialists such as:
With Travel insurance, we give you a peace of mind at reasonable prices! In case of an emergency abroad the country, whether for work or pleasure and recreation. The company has signed an agreement with AFRO ASIAN assistance company to provide the service you need if you are injured or sick in any country you may go to around the world 24 hours a day. In addition to other beneifts
Household Comprehensive insurance provides insurance coverage to suit your needs. Coverage includes buildings, house contents, personal accidents, rental costs and alternative homes in the case of an emergency. In addition to the public liability of the insured.
Through this program offers insurance against personal incidents for individuals and compensation to subscribers (policyholder) for disabilities resulting from accidents. Compensation is made to subscribers or beneficiaries in case of subscribers’ death taking into consideration the flexibility required to meeting any special insurance needs.
This policy provides wide insurance coverage against risks, and is the ideal choice for commercial and industrial establishments, for your buildings and contents against the following risks:
The policy provides insurance coverage against loss of profits that may result from insured incidents, including the following:
The premium is calculated based on a percentage (per-mill) of the total sum insured, determined based on the nature of the building and elements of hazards and safety measures.