Soteria Insurance Solutions offers comprehensive packages of all types of direct insurance including; Property and Fire Insurance, Life Insurance, Engineering Insurance, Marine Insurance, Travel Insurance, Liability Insurance, Motor Insurance, Individual and Group Medical Insurance, Energy Insurance, Personal Accidents Insurance, Bankers Blanket Bond Insurance, Jewelers Block Insurance and Political Violence Insurance, Cyber Insurance and Credit Insurance.
This type of direct insurance includes commercial, personal or industrial properties and factories. In addition, clients personal belongings may be covered inside and outside home. Moreover, our various fire and theft policies protect homes and company contents against losses due to fire, burglary, accidental damages and natural hazards.
Life insurance products of Soteria Insurance Solutions are the most flexible and diverse in the market. Our qualified actuaries shall ensure clients receipt of competitive premium rates, extended conditions and optimal solutions.
Includes insurance against losses or damage of ships and cargo in terminals and between points of transport, covering the risks of transit for all types of cargo transported by various means of conveyance such as sea freight, airfreight, land transit and parcel posts on standard terms and conditions. Soteria Insurance Solutions also offers marine insurance for all types of vessels including general cargo vessels, oil tanks, carriers, tugs, barges, other offshore supply vessels, dredgers, and commercial and personal yachts.
This type of direct insurance covers medical, financial, and other loss settlements which might be incurred during travelling abroad. With our travel insurance coverage, we protect clients against the damage or loss of baggage, cover medical expenses they may incur, and cover other incidents they may experience during trips.
Covers medical procedures for individuals and family members. Soteria Insurance Solutions created a tiered medical insurance offerings to simplify the process of selecting the most appropriate medical coverage and to ensure clients have the level of insurance that best fulfills their needs.
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Our motor insurance offers Comprehensive and Third Party Liability Insurance including covering third parties from faults of car drivers, injuries, damages, fire and theft at competitive premium rates. Add to this, we offer the complementary insurance, covering the vehicle body only from material damages and theft.
Soteria Insurance Solutions offers protection to cover losses and / or damages at every stage of engineering development and projects.
Some of the solutions tailored for engineering insurance are as follows:
• Contractors All Risk (CAR).
• Third Party Liability in Job Sites.
• Contractors Equipment and Machinery.
• Electronic Equipment Insurance.
• Erection All Risk (EAR).
• Machinery Breakdown.
• Insure engineering and erection.
• projects against Sabotage, Terrorism,and War Risks
Soteria Insurance Solutions offers coverages on various products including financial losses, legal expenses, death, injury, damages and material damage.
Some of liability products we offer are as follows:
• Workers Compensations.
• Public Liability.
• Commercial General Liability.
• Product Liability.
• Employers Liability.
• Directors and Officers Liability.
• Contingency Liability.
• Professional Indemnity.
• Medical Malpractices.
Soteria Insurance Solutions energy insurance offerings include tailored insurance solutions for energy generation products, such as wind turbines, solar energy, nuclear energy and hydroelectric energy. Our professional energy department personnel cater to the entire insurance requirements of Oil and Gas entities, whether during the development phase or the operational side of the business. The cover extends to those entities located in the MENA region, as well as the global entities having interests in the region.
Soteria Insurance Solutions provides Personal Accident Insurance compensating its clients in the events of injuries, disability or death solely caused by violent, accidental, external and visible events.
Soteria Insurance Solutions provides the specialized insurance of Bankers Blanket Bond Insurance “BBB”, also known as Crime Insurance, furnishing protection against the direct financial losses sustained as a result of employee infidelity, the physical loss of property on premises, forgery and alteration of monetary instruments and other documents of value, computer and cyber fraud as well as fraudulent electronic fund payments
Soteria Insurance Solutions provides comprehensive coverage for loss or damage to jewelry that is the stock of jewelry retailers, wholesalers and manufacturers.
Soteria Insurance Solutions offers worldwide insurance on assets that are exposed to war, terrorism and political violence and attacks to help companies and individuals navigate through the dynamic, complex and ever changing global threats. Political Violence cover includes losses resulting from: Terrorism and Sabotage, Strikes, Riots, Civil commotion, Malicious damage, Mutiny, Rebellion, Insurrection, Coup d’état, War, Civil War, Revolution.
Political risk insurance provides financial protection to investors, financial institutions, and businesses that face the possibility of losing money because of political events. It protects against the possibility that a government will take some action that causes the insured to experience a large financial loss. Political Risk cover includes losses resulting from: Confiscation, Expropriation, Nationalization, Deprivation, Forced abandonment, Selective discrimination, Forced divestiture.
Cyber-insurance is a specialty lines insurance product intended to protect businesses, and individuals providing services for such businesses, from Internet-based risks, and more generally from risks relating to information technology infrastructure, information privacy, information governance liability, and activities related thereto. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
Credit insurance is a type of insurance that pays off your loan or credit card balance if you’re unable to make payments due to death, disability, unemployment, or in certain cases if property is lost or destroyed. For businesses, one type of credit insurance provides protection against non-paying clients.
5 Types of Credit Insurance
There are five types of credit insurance—four of them are designed for consumer credit products. The fifth type is for businesses.
1. Credit life insurance pays off your credit card balance if you die. This keeps your loved ones from having to pay your outstanding credit card balance out of your estate or worse, out of their own pocket.
2. Credit disability insurance pays your minimum payment directly to your credit card issuer if you become disabled. You may have to be disabled for a certain amount of time before the insurance pays out. There may be a waiting period before the benefit kicks in. So you can’t add the insurance policy and make a claim the same day.
3. Credit unemployment insurance pays your minimum payment if you lose your job through no fault of your own. If you quit, for example, the insurance benefit doesn’t kick in. In some cases, you may have to be unemployed for a certain amount of time before the insurance pays your minimum payment.
4. Credit property insurance protects any personal property you’ve used to secure a loan if that property is destroyed or lost in theft, accident, or a natural disaster.
5. Trade credit insurance is a type of insurance that protects businesses that sell goods and services on credit. It protects against the risk of clients who don’t pay because of insolvency and a few other events. Most consumers won’t need this type of insurance.