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ENGINEERING

1-Machinery Breakdown Insurance

Machinery and Equipment used in various industrial operations are exposed to unforeseen or sudden mechanical or electrical damage.

Machinery Breakdown Policy covers machinery, plant and equipment in process industries, factories, engineering work-shops etc, against loss or damage due to electrical or mechanical breakdown, such as defects in casting and material, faulty design, bad workmanship, physical explosion, tearing apart on account of centrifugal force, short circuit, vibration, mal-adjustment, misalignment etc, except those specifically excluded under the policy terms.

The sum insured for this insurance should be the replacement cost, including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum that should have been insured at the outset.

The Premium rate is influenced by factors such as values, type, make, model and age, nature and type of industry where the equipment is being used, experience of the industry, loss history.

2-Erection All Risks Insurance

Erection All Risks Insurance [EAR] protects the interests of principals and contractors involved in erection of Plants, Machinery, Heavy Equipments etc, against their exposure to loss, damage or liability by various external and internal causes during the course of erection.

Section-1

Physical Loss or Damage: This Section provides coverage for losses and / or damages to materials and erection works owned by principals and contractors / subcontractors against;

- Accidental damage during construction.
- Fire, lightning.
- Water damage, flood, storm and tempest.
- Collapse, collision, impact, burglary, theft and malicious damage, aircraft.
- Breakdown or explosion to any part of the contract.
- Consequent damages due to defects in material casting, workmanship & design.
- Riot, strike, subsidence, landslide, cyclone, hurricane, earthquake, and volcanic eruptions.

Section- 2

Third Party Legal Liability: This section provides indemnity to the third party due to the Legal liability of the insured (subject to the limits under the policy) resulting from negligence of the insured or his employees causing;

- Accidental bodily injury &/or death to third parties (Not members of the insured’s family or their employees)
- Accidental damage to property (excluding property belonging to or in the custody or under the control of the Insured, his family members or his employees), and
- Legal expenses for defending any proceedings with Insurer’s consent.

Maintenance Period Risks: After the Erection works, including testing and commissioning, covered under the EAR policy has been completed, maintenance period cover comes to effect. During this period the cover is against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract.

The premium is calculated on the total erection value of the contract and is based on factors such as duration of contract, nature, location of project site, period of erection, experience of the erectors etc.

3-Contractors’ All Risks Insurance

Contractors’ All Risks Insurance [CAR] protects the interests of contractors involved in civil, mechanical or electrical contracts like construction of buildings, bridges, dams, towers etc, against their exposure to loss, damage or liability by a variety of external and internal causes during the course of construction.

Section 1:

Physical Loss or Damage: This section provides coverage for losses on materials and contract works from a variety of risks such as;

- Accidental damage during construction
- Fire, lightning
- Water damage, flood, storm and tempest
- Collapse, collision, impact, burglary, theft and malicious damage, aircraft
- Breakdown or explosion to any part of the contract e.g. Lifts in buildings etc.
- Consequent damages due to defects in material casting, workmanship and design
- Riot, strike, subsidence, landslide, cyclone, hurricane, earthquake, volcanic eruptions.

Section 2:

Third Party Legal Liability: This section provides indemnity to third party due to the Legal liability of the insured resulting from negligence of the insured up to an agreed limit(s) for;

- Accidental bodily injury &/or death to third parties
- Accidental damage to property (excluding property belonging to or in the custody or under the control of the insured, and legal expenses for defending any proceedings with company’s consent.

Maintenance Cover: Maintenance Period Cover protects the insured against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract, subject to the cause of such loss or damage having originated during the period of insurance.

The premium is calculated on the basis of contract value, period of contract, value of Construction Plant & Machinery, nature and type of project, previous loss history of the contractor and the experience of the contractors in similar type of projects.

4-Contractor Plant & Machinery

Various types of construction plants, machinery and equipments are used in the construction or erection on projects site. These plants, equipments and machinery are exposed to a number of risks in addition to the exposure to natural calamities.

The CPM Policy covers Contractor’s Plants, Machinery and Equipments against any unforeseen or sudden physical loss or damage from any cause, including electrical or mechanical breakdown, but, except those specifically excluded under the terms of the policy. The indemnity under the policy is for replacement or repair.

Premiums are calculated based on the factors like replacement value of plants and machinery, make, model and type of machinery, age and working conditions, maintenance history, previous claims history and contractor’s experience etc.

 

5- Electronic Equipment Insurance

Electronic equipment used in various industrial operations and offices are exposed to risks of unforeseen or sudden causes resulting in loss or damage.

This policy covers electronic equipment against any unforeseen or sudden physical loss or damage, except those specifically excluded under policy terms.

The policy covers the insured items at work or at home, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the aforesaid operations, or during subsequent erection after commissioning.

The sum insured should be the replacement cost including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum that should have been insured at the outset.

Premium calculations are based on factors such as values, type, make, model and age, nature and type of industry where the equipment is being used, experience of the industry, loss history.

 

Role

The Board of United Insurance is responsible for the overall direction of the business of the Company and is accountable to the shareholders for the operations of the Company. The terms of service of the Board are determined by the General Assembly.

Appointment

The appointment if the Board Members is done every three years through a formal and transparent election process that involves the entire membership of the Company.

Composition

The current Board comprises of 10 non –executive Directors’ with Six members from the Shareholders and 3 members elected from the Customers and One Expert, as well as the Chief Investment & Strategy Officer and General Manager serving in ex officio capacity. Senior management officials of the Company attend Board meetings by invitation. Cuurent members of the Board of Director:

Mr. Tarig Khalil Osman - Chairman
Prof. Mamoun Daoud EL Khalifa - Debuty Chairman
Mr. Khalid Khalil Osman - Board Member
Mr. George Contomichalos - Board Member
Mr. Taha Hamid Humeida - Board Member
Mr. Mohamed Attia - Policyholder Member representing Kenana Sugar Factory
Mr. Moawia Elberier  - Policyholder Member representing Moawia Elberier Group
Mr. Alaa Din Abdul Muttal - Policyholder Member representing Golden Arrow Group 
Dr. Abdel Rahman Eltayeb Ali Taha - Expert on the Board
Mr. Abdel Khalig Abdalla Mohamed -
General Manager (Non-voting Member)
Mr. Zuheir Hassan Ibrahim -
Secretary of the Board (Non-voting Member)

 

BOD Diagram 2

1-Money Insurance

Money is always susceptible to mishaps such as burglary and the like. To protect against this risk, “Money Insurance Cover” may be purchased.

Money shall mean cash, notes, cheques, securities, stamps and the like.

This cover is available against risks whilst;
          -  In transit from premises to bank and vice versa.
          -  In a safe, in office premises.
          -  Out of the safe during working hours.
          -  In a Banks’ safe.
          -  In the care & custody of company’s designated staff.
        - Other Extensions incidental to Money Insurance can also be provided. These can be tailor made to the exact requirements of the customer.

In granting the “Money Insurance Cover”, the following factors are taken into consideration:
          -  Estimated annual carrying
          -  Maximum limit for any one carrying
          -  Maximum limit for safe-keeping at any given time.

The premiums are calculated on the estimated annual carryings and amount of money in the safe or on the premises.

Furthermore the premiums are based on the nature of the business, location and the security measures in place. For a thorough understanding of the product, please refer to our standard policy terms and conditions.  Exclusions under the policy are;
          -  Theft by own employee.
          -  Money out of safe.
          -  Loss of premises following use of key, unless, key is obtained violent behavior of threats.
          -  Shortage due to errors of omission and commission.
          -  War and like activities.

2-Fidelity Guarantee Insurance

Despite the best internal control measures in any corporate activity, mishaps like misappropriation and embezzlements by employees do take place. Fidelity Guarantee Insurance Policy protects employers against such exposures.

Employers should consider the following points while opting for Fidelity Guarantee Insurance.
          -  Number of employees handling cash, valuables or stocks & bonds.
          -  Limits of exposures.
          -  Employees status and credibility

The policy covers any loss caused due to any act(s) of Forgery or embezzlement, larceny & /or fraudulent act committed by an employee in the course of their duties. The premiums are calculated on the basis of aggregate limit of indemnity in addition to per capita premium.

3- Group Personal Accident Insurance

This cover operates 24 hours and on a worldwide basis. It provides for payment of specified capital benefits following accidental death, bodily injury, permanent total disablement, and permanent partial disablement, temporary total and temporary partial disablement caused by an accident.

In addition, the cover also provides reimbursement of emergency transportation to the nearest hospital and also expenses incurred for preparation and repatriation of the mortal remains of the insured person from the place of death to the country of residence.

This cover can also be extended to cover medical expenses. Cover:
          -  Accidental death: compensation is 100% capital sum insured.
          -  Permanent total disability: compensation is 100% capital sum insured.
          -  Permanent partial disability: compensation is as per continental scale.
          -  Temporary total disability: compensation is calculated on the basis of salary with a maximum of 52 weeks.
          -  Medical expenses: compensation up to AED 5,000/- per person per injury.
          -  Repatriation expenses: compensation for transportation or burial up to AED 5,000 per person.

Premiums are based on the sum insured selected, age, nature of work, salary levels and the optional benefit selected.

4- Workmen Compensation Insurance

Workers in any organization are exposed to work related accidents and are therefore well protected under Sudan Laws and subsequent amendments thereto. The Federal Law of UAE makes it mandatory for the employers to pay compensation to the employee(s) due to an accident arising out of and in the course of their employment.

Workmen’s Compensation Policy indemnifies the employer against all sums payable under the U.A.E. Federal Law No. 8 of 1980 and subsequent amendments to pay compensation to any employee due to accident arising out of and in the course of employment.

The Extensions available to this insurance are;

Medical Expenses: Medical expenses benefit for work related accidents for up to SDG 10,000/- per person, subject to the treatment being confined to Sudan Government hospital/clinics. (higher limits and private hospitals / clinics can be opted at extra premium).

Expenses for Repatriation: Repatriation expenses for transporting the deceased body following a work related accident up to SDG 5,000/- per person.  (Higher limits can be considered at an extra premium).

Employer’s Liability: Up to SDG 1,000,000/-Any One Accident &/or in the annual aggregate.

The premium rate is applicable on the Estimated Annual Earnings of the employees which is adjustable at the end of the policy period based on the actual annual earnings. The premium chargeable depends on the nature of work, risk involved for the cover/extensions to the policy.

We recommend a reference is made to the standard policy wording for a proper understanding of the nature, scope, terms and conditions of the insurance.

 

Address:              8 -9-10 The United Insurance Tower. 
                              Parliament St. Crossing Tayar Murad
                              Street, Khartoum, Sudan.

Phone: 
                +249183720001  &  +249183720002
Fax :                     +249183720003  &  +249183720008 

E-mail:  
                This email address is being protected from spambots. You need JavaScript enabled to view it.
Website:               www.unitedinsurance.ws

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