Credit Insurance

And Corporate Insurance Products

Credit Insurance

Economic recession has left its impact on our lives during the previous years. Different business sectors around the world were affected which led to an increase in insolvency cases, failure to pay or collect debts. The demand for Credit Insurance is higher than any other time. Clients and Business providers alike are looking to reduce their risks, obtain trust and rebuilt the new and existing markets.

Our vast experience in Credit Insurance has helped our customers make the best choices for their businesses, we are continuously working to provide them with the most accurate information and practices regarding their potential and current customers and market development.

Benefits

Protection of Business Sectors against failure to pay commercial debts and provides compensation for material losses.
Comprehensive Insurance Cover for the business sector to avoid losses and increase profitability.
Increase knowledge and provide information about companies, the business sector, economic trends and indicators to make informed decisions about Credit facilities. Ensure constant communication and open dialogue with our customers or their agents while managing their account by our Claims Management, Risk Management and Alternative Risk Analysis and Underwriting Teams, as well as providing logistical services and consultancies.

Credit Insurance

Covers the risk of not being paid by insured’s trade debtor. Additional covers offered are trade debt collection, protection against fraud, providing bonding and guarantees, including export guarantees.

Employee Benefits

Benefits

Group Protection: covers death or disablement of employees due to accident or sickness.
Group Health: health insurance in KSA is compulsory and regulated by CCHI - Cover includes in-patient medical expenses, and out-patient medical expenses, including optical and dental treatments.
Group Personal Accident: covers accidental death, Permanent Total Disablement (PTD), Permanent Partial Disablement (PPD) and weekly indemnity following accident.
Workmen Compensation: covers legal liability of employers to compensate their employees for death, disablement or injury due to an accident at work during the period of employment contract.

Liability Insurance

The experience accumulated over the years of working in the Insurance Sector allows Allianz Saudi Fransi to provide tailor made Liability Insurance Products. Our solutions serve companies in various commercial sectors such as factories, automotive companies, construction, power and public utilities establishments.

We are constantly developing our products to reduce risks, face challenges and diminish losses or injuries incurred on commercial properties whether they were as a result of product misuse, third party inflicted or caused by a natural disaster.

Moreover, our rapid reaction to claim settlements ensures minimum losses for our clients to resume their business and grow.

Benefits

Provides Comprehensive Insurance Cover to protect Employees and Civilians on work site.
Provides Comprehensive Insurance Cover for any potential Property Loss or Damage.
Provides Comprehensive Insurance Cover for Company Vehicles as well as Third Party Liability.
Ensure constant communication and open dialogue with our customers or their agents while managing their account by our Claims Management, Risk Management and Alternative Risk Analysis and Underwriting Teams, as well as providing logistical services and consultancies.

Liability

Third Party Liability: covers the insured’s legal liability towards third party for loss or damage to their life and property due to the professional negligence of the insured or his employees. Could be extended to cover food poisoning.
Employer’s Liability: covers employer’s legal liability towards his employees for death or injury happening during the period of employment as a result of negligence or an act of tort from the employer.
Products Liability: covers manufacturer’s or supplier's’ legal liability towards third party for loss or damage to their life and property caused by the product to end users.