Services

We take care of your insurance needs, so you can concentrate on what you do best – your business

AVIATION

We can design both proportional and non proportional covers, risk excess programs on whole account, retrocessional or specific bases. Aviation risk expertise includes leasing, airport services, and corporate and private aircraft.

We have the capability to provide unrivalled service for the Insurances of:

  • Airport and Airstrip Liability – Airside, non-airside and related services (baggage handling and airports services contractors).
  • Refuellers Liability.
  • Aircraft Hull & Machinery (Fixed & Rotary wing).
  • Aviation Clubs.
  • Emergency & Crisis Services.
  • Loss of License cover.
  • Transport risks we handle: – All forms of rail transportation and associated risks. – Commercial Motor Fleets. – Luxury Motor Vehicles.

 

 

ENGINEERING

We are specialists in the provision of insurances and risk services to the construction industry.

Typical insurances available are:

  • Contractors All Risks.
  • Erection All Risks.
  • Contract/solvency Guarantees
  • Legal Liability covers
  • Professional Indemnity (Design and Error and Omissions).

 

Please contact us for a “no obligation” consultation at the conception stage of your project
 

PROFESSIONAL RISKS

Errors & Omissions cover, Directors and Officers cover and Employment Practices Liability. These provide cover for individual executives for losses and legal fees arising out of mistakes, errors and omissions in connection with a persons Profession.

Whether an architect or an engineer, a doctor or a lawyer, an accountant or an IT professional, a board member or advisor, a media company or an advertising agency, an insurance broker or a loss adjuster, all of the above need to buy professional liability insurance.

The global legal environment has been changing rapidly over the past decade, and Safenet has the answer. The most comprehensive, secure, and simply explained custom design insurance coverages placed at Lloyd’s of London, the leading insurance market place in the world.

Some of the professions and areas we are able to cater to:

  • Doctors
  • Lawyers
  • Accountants
  • Insurance professionals
  • Corporate executives
  • IT companies
  • Media and Advertising
  • Architects and Engineers
  • Construction companies
  • Directors & Officers Liability coverage
  • Professional Liability for Investment Managers

 

POLITICAL RISKS

Opportunities exist where uncertainty lies. At times the same uncertainty exposes your business, your staff, and your financial existence to both danger and other risks. War, Sabotage, Terrorism, and Civil Unrest are all exposures that can impact your business tragically and suddenly. Under Attack? Safenet can assist. As the leading provider of political risks solutions to hundreds of insurers and insureds across the Middle East, our products are custom designed to provide maximum coverage at minimum cost.

The products we offer:

  • Sabotage and Terrorism covers (T3/T3a and T3L wordings)
  • S & T, SRCC, and Malicious Damage covers (LPO437)
  • Full Political Violence (Perils 1-7 inclusive of War)
  • War on Land (Both fixed and mobile assets)
  • Kidnap & Ransom
  • Personal Accident
  • Life

 

Safenet Advisors are able to work with most of the global terrorism insurance markets to deliver customized political violence products backed by the best underwriters in the world.

With a network of experts, eye witnesses, access to local media sources, and the ability to constantly assist underwriters within conflict zones to assess exposures, we are able to compete at the highest and most complex level.

 

ACCIDENT, LIFE & HEALTH

Safenet’s Accident & Health division offers a range of solutions to insurance companies, and corporate clients around the world:

  • Group and Individual Personal Accident Cover
  • Health Care plans
  • Personal Accident Cover for Athletes
  • Personal Accident cover for Ultra High Net Worth Individuals
  • Individual and Group Life
  • Keyman covers

 

PROPERTY

Our property division is able to cater to the most complex of property and liability risks the type of covers we can avail:

  • Property and consequential losses
  • Utility Risks
  • General Liability
  • Workmens’ Compensation
  • Primary and Excess layers
  • Catastrophe Perils
  • Deductible Buy-backs

Industry sectors familiar to the team include Petrochemical, Bottling, Steel, Glass, Cement, Ceramics, Plastics, Furniture, Telecoms, Hotels, Diary and Retailers.

 

LIABILITY

Today, every product or service has the potential to be global. That has been made possible by globalization. The phenomenon that allows goods, services, litigation, and information to move freely around the world.

Every well managed company will be aware of the significant exposures that face their business each and every time a product rolls off the manufacturing belt.

From injury, to poison, to pollution, to damage to third party. Every company requires protection. Some of the products and services Safenet can offer your company:

Comprehensive General Liability

  • Products Liability
  • Product Recall
  • Public Liability
  • Pollution Liability
  • Consequential Loss
  • Excess of Loss covers
  • Catrastophe Covers

 

MOTOR

From Classic Cars to sports cars, to luxury vehicles, or commercial fleets we are able to provide cover on both proportional and excess of loss basis.

Some of the coverage we are able to provide:

  • Own Damage
  • Third Party Liability
  • Hold Up
  • Malicious Damage
  • Storm Cover
  • Transport

 

LIVESTOCK & BLOODSTOCK

Cover for death, injury or disability of horses and other valuable animals including related veterinary costs and expenses.

We can provide cover for:

Coverage

Bloodstock

Type of horses:

  • Thoroughbred stallions, thoroughbred mares, flatracers, foals / yearlings, national hunt horses.
  • Bloodstock coverages; All Risks Mortality, Permanent Infertility (ASD), Congenital Infertility, Prospective Foal, Transits
    Equestrian

Type of horses:

  • Showjumpers, dressage horses, eventers, hunters / hacking / pleasure horses, polo horses, driving horses, showing horses
  • Equestrian coverages; All Risks Mortality, Loss of Use – Full and Accidental External Injury Only, Transits, Surgical Coverage, Vets Fees / Major Medical, FLT, Permanent Infertility

 

ENERGY

Whether it be upstream or downstream energy related interests, from exploration to distribution, our brokers can assist.

Specific areas of strength also include Construction, Operational, Machinery, and Stock covers for:

  • Power & Utilities
  • Refineries
  • Fertilizer plants
  • Oil Wells
  • Down hole tools
  • Stock Policies

 

MARINE

  • All forms of Marine Hull, Cargo, and Liability covers
  • Protection & Indemnity Insurance – market reporting, pre-qualification of clubs, marketing
  • Port Risks
  • Salvage scheduling & management
  • Cargo claims recoveries
  • Hull & Machinery claims-collation documents
  • Most forms of onshore and offshore energy risks

 

FINANCIAL INSTITUTIONS

Safenet provides a full range of products for Banks, Lenders and other financial institutions. Includes Bankers Blanket Bonds, Computer Crime, Premises and Transit risks.

The complexity of Financial Institutions’ insurance needs in the wake of the current economic environment are getting more and more sophisticated.

We provide the following coverages underwritten with only the finest underwriters in the world:

  • Bankers Blanket Bond (BBB)
  • Directors & Officers Liability
  • Computer Crime
  • Errors & Omissions
  • Money 3D
Latest Updates

Safenet Insurance Brokerage Company to expand operations in Kuwait.

The future of insurance marketing is through online shopping.
We have just launched AskBasma insurance aggregator which is here to revolutionize the way you compare and purchase insurance policies.

With our innovative technology, we bring together multiple insurance providers in one place, making it easier and faster for you to find the best coverage options.
Our aggregator is designed with you in mind. We understand that shopping for insurance can be overwhelming and time-consuming. That’s why we’ve created a platform that simplifies the process, saving you both time and money. Join us as we introduce the future of insurance aggregation.

Check our aggregator website: www.askbasma.com

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