Our Solutions

Health Insurance
Products & Services

At Prudence, we adhere to quality standards of the industry and comply with DHA regulatory requirements.

For any complaints or feedback on health insurance or other, kindly call us/write to us on the below provided telephone/e mail

Telephone: +971 4 295 3969

E-mail: medassist@prudence-ae.com

To read further on Prudence's health insurance related compliance policies and procedures, kindly click on the link below.

Complaint Form Complaint Procedure
Trade Credit Insurance
Products & Services
  • Trade Credit Insurance for local and international exports
Marine Insurance

Designed to comprehensively cover risk exposures involved in International Trade

Our Unique Strengths:

  • StrongUnderwritingCapacityupto US$ 150 million per risk.
  • World-classGlobalInsurersenjoyingstrong S&P ‘AA’ and ‘A+’ financial ratings.
  • Customizedcoveragesolutionsforcargoes offering widest protection.
  • SeamlessSupplyChainprotection throughout entire leg of multimodal transportation extended to cover storage and distribution risks on comprehensive lines.
  • Globalsurvey,claimsandrecoveries handling infrastructure. Our insuring partners have global presence with local experience delivering state of the art services in over 150 countries.
  • Web-based IT service portal providing efficient access & policy documentation.
  • Verycompetitivepremiumratesbasedon best benchmarked international practices.
Property & Business Interruptions Insurance
  • Property All Risks Insurance
  • Fire & Allied Perils Insurance
  • Business Interruption Insurance
  • Electronic Equipment & Computers Insurance
  • Money Insurance
  • Deterioration of Stocks Insurance
  • Exhibition Risks Insurance
Financial & Professional Liability Insurance
  • Public Liability Insurance
    • Product Liability Insurance
  • Comprehensive General Liability Insurance
    • Completed Operations Liability Insurance
  • Environment Impairment Liability Insurance
    • Product Recall Insurance
  • Hauliers Legal Liability
  • Carriers Legal Liability Insurance
  • Warehousemen’s Legal Liability Insurance
    • Container Liability Insurance
  • Port Operator’s Legal Liability Insurance
  • Directors & Officer’s Liability Insurance
  • Clinical Negligence Risks Insurance
  • Medical Malpractice Insurance
  • Professional Indemnity Insurance
  • Extended Warranty Insurance
Engineering & Projects Insurance

Projects Insurance comprehensively encompasses:

  • Contractor’s All Risks Insurance (CAR),
  • Erection All Risks Insurance (EAR),
  • Advance Loss of Profits Insurance (ALOP) or Delay in Start-up Insurance (DSU)
  • Political & Investments Risks Insurance

The insurance covers wide range of construction related risk exposures covering any damage that occurs during the construction, erection, installation, testing and commissioning process like accidents, natural disasters, damage due to faulty workmanship, faulty materials and faulty design.

The cover incepts form right from site mobilization phase including transportation of project materials, continues during the entire stages of construction or erection and ends when the project is successfully handed over by way of issuance of certificate of completion and take-over (including hot and cold testing phases for erection works). The policy extends to cover liability of the contractor during the Defect’s Liability Period as required per the contract.

Liability exposure to third parties are also covered upto the desired and specified coverage limit which includes legal and defense costs and expenses incurred to protect the interest of the Insured corporate entity(ies).

Cover for any potential loss of profits or losses resulting from project delays including standing charges etc. caused due to an insured event can also be covered under Advance Loss of Profits (ALOP) or Delay in Start-up (DSU) Insurance.

Insurance is also available against political risks exposures involved in projects such as confiscation, nationalization, unfair cancellation, unfair calling of performance bonds, non-payment risks by the principal and a host of such political and investment risk exposures best protecting your organizational interests.

Project insurance policies can be arranged by the Contractor or Project Owner as appropriate and including the operational and financial interest of all parties involved in the project. The policy can also be either a project specific or a blanket arrangement best meeting the requirements of the organization.

Political Risk Insurance

Comprehensive insurance solutions covering Commercial & Political Risks involved in export trade, projects and capital investments.

Risk Exposures Covered

Commercial Risks:
  • Insolvency
  • Protracted Default
Political Risks
  • Expropriatory Actions, Confiscation and nationalization
  • Government moratorium
  • Currency inconvertibility / non-transfer
  • Discharge of debt
  • War and Political Violence (including Terrorism)
  • Natural disasters
  • Sovereign payment default
  • Wrongful calling of on-demand contract guarantees and bonds

Program enhancements for Equity Investors

  • Forced abandonment or forced divesture of foreign investment as a consequence of above risks Export or operating license cancellations by the host government
  • Business interruption : loss of projected net profit resulting from an act of expropriation or political violence

Program enhancements for Project Risks

  • Non-honoring of an arbitration award
  • Non-honoring of a guarantee issued in support of a project
  • Wrongful calling of bonds and capital markets bond issues
  • Inability to export because of operating license cancellation

Key Product Offerings

1. Short, Medium and Long-term Trade Credit & PRI covers.
2. Stand-alone Political Risks Insurance for projects & investments;
3. LC confirmation risk exposure on issuing banks
Cyber Crime Insurance

In today’s digital era, cyber risks and crimes are on an alarming rise affecting governments, banks, corporates and individuals at large. Cyber Insurance provides a comprehensive coverage against following key exposures:

  • Data breach liability – for person and corporate data
  • Data breach costs – including notification costs and IT forensic costs
  • Network security liability – for hacked or compromised systems including denial of service attacks
  • Media liability – for digital publications
  • Business interruption – caused by a cyber incident
  • Restoration costs for data and programs – resulting from a cyber business interruption event
  • Crises communication – to mitigate reputational damage
  • Hacker theft cover – based upon theft of funds
  • E-payment liability – PCI fines and penalties covered

Cyber Insurance offers an end-to-end risk management solutions covering Loss Prevention Services, Insurance Coverage and Breach Resolution Team and comprehensively protects your organizational interest in today’s cyber world.

Specialty Insurance
  • Medical Malpractice Insurance
  • Extended Warranty Insurance
  • Product Recall Insurance
  • Kidnap & Ransom Insurance
  • Jewellers Block Insurance
  • Fine Arts – Jewellery & Specie Insurance
  • IPO Liability Insurance
  • Merger & Acquisition Insurance
  • Event Insurance
  • Weather Risk Insurance
  • Crop Insurance
  • Bloodstock Insurance
  • Livestock Insurance
  • Sport & Leisure Insurance
Aviation Insurance
  • Aviation (Hull & Machinery) Insurance
  • Passenger Legal Liability Insurance
  • Loss of License Insurance
Oil & Energy Insurance
  • Offshore & Onshore Package Insurance
  • Control of Well Insurance
  • Insurance of platforms
  • Delay in Start-up and Business Interruption Insurance
  • Offshore Liability Risks Insurance
  • Pollution Risks Insurance
  • War, Terrorism and Political Risks Insurance
Mergers & Acquisitions Insurance
Corporate Affinity Lines Insurance
Life, Accident & Health Insurance
Motor Fleet Insurance
Bankers Blanket
Commercial Crime & Fidelity Insurance
Management Liability Insurance
  • Public Liability Insurance
  • Product Liability Insurance
  • Comprehensive General Liability Insurance
  • Completed Operations Liability Insurance
  • Environment Impairment Liability Insurance
  • Product Recall Insurance
  • Hauliers Legal Liability
  • Carriers Legal Liability Insurance
  • Warehousemen’s Legal Liability Insurance
  • Container Liability Insurance
  • Port Operator’s Legal Liability Insurance
  • Directors & Officer’s Liability Insurance
  • Clinical Negligence Risks Insurance
  • Medical Malpractice Insurance
  • Professional Indemnity Insurance
  • Extended Warranty Insurance
Factoring & Supply Chain Finance
Trade Credit & Structured Trade Finance
Bancassurance
Life, Accident & Health Insurance
Home Insurance
Travel Insurance
Car Insurance

PRUDENCE has developed a broad base of expertise, experience and strategic value-added insurance solutions catering to diversified range of industries serving multinational, regional and local corporates. Our extensive key insurance offerings touch following industry segments. Please contact us for details on any specific sector of your interest and we shall swiftly get in touch with you.

Aerospace

Architects & Engineers

Associates / Franchises / Affinity Groups

Automotive

Aviation

Banking & Financial Institutions

Business Processes Outsourcing (BPO)

Chemicals

Commodities

Construction

Education

Electronics, IT & Home Appliances

Energy & Power

Engineering

Entertainment & Sports

Financial Services

Food & Beverage

Food Processing, Distribution & Services

HealthCare

Hospitality & Leisure

Infrastructure

Life Sciences

Manufacturing

Marine

Mining

Multimodal Transportation

Non-Profit / Social Organizations

Offshore

Oil & Gas

Pharmaceuticals

Processing & Packaging

Professional Services

Real Estate

Retail & Wholesale Distribution

Supply Chain & Logistics

Technology

Telecommunications, Media & Technology

Trading & Distribution