Product Liability Insurance

Tamkeen Insurance Company offers a special insurance against liability of products (goods and merchandize) that indemnify subscribers (policyholders) from incurring any material burdens or and/or losses due to the insured product causing harm to a person (a third party), subject to flexibility considerations for meeting specific insurance needs.

The Company is committed to honoring its obligations towards subscribers (policyholders) and responding quickly and promptly after any incident, in a professional environment based on clarity and credibility to achieve its vision of creating an integrated partnership with subscribers. The Company is committed to its mission and corporate identity based on the full adoption of principles and standards of application of Islamic insurance compliant with the provisions of Islamic Sharia’a.

Insurance Coverage:

Under the Product Liability Insurance Program, the Company is committed to disbursement of reparations for the following risks:

Any physical injury, illness, and/or material losses sustained by any person (third party) as a result of sale, supply, storage, remodeling, repair, change or treatment of the insured product’s (goods or merchandize) by the subscriber (policyholder) that may accidentally occur during the validity period of the product insurance policy.

Calculate Value of Insurance Subscriptions (Premiums):

The value of insurance subscriptions (premiums) is calculated on the basis of total insurable value (maximum limit of indemnity( ,safety procedures, and product nature.

Contributions (premiums) are calculated as a percentage of total insurable value (maximum limit of indemnity)

Apply for this program