Insurance

Our Products

ENERGY & ENGINEERING

Fenchurch Faris has played an integral part in the Middle East engineering insurance market for the past three decades.

> Contractors All Risks (CAR)
> Erection All Risks (EAR)
> Machinery Breakdown (MBD)
> Deterioration of Stock (DOS)
> Contractors Plant Equipment & Machinery (CPEM)
> Energy

FINANCIAL LINES

Fenchurch Faris offers a wide spectrum of financial products catered to banks or any corporate entity facing financial exposures.

> BBB – ECC – PI
> Directors & Officers Liability (D&O)
> Credit/Plastic Card
> Stock Brokers PI
> Credit Risk
> Money in Transit - Money in Safe
> Fidelity Guarantee
> Crime Bond – 3D

MARINE

Fenchurch Faris has formed strong partnerships with major players in the marine insurance market (both internationally and regionally), ensuring that no risk is too small or too big.

> Marine Hull
> Marine Cargo
> Pleasure Craft
> Protection & Indemnity (P&I)
> Terminal & Marina Operators Liability
> Ship Repairers Liability
> Freight Forwarders Liability
> Hauliers Liability

CASUALTY

Fenchurch Faris has negotiated numerous time-tested facilities and agreements with first class reinsurers to offer the broadest covers at the most competitive rates.

> Public & Product Liability
> Third Party Liability (TPL)
> Professional Indemnity (PI)
> Medical Malpractice
> Errors & Omissions (E&O)

PROPERTY

Fenchurch Faris has a dedicated team of property insurance specialists with access to a multitude of highly-rated securities and a property facility with one of the most reputable reinsurers in the world.

> Property All Risks (PAR)
> Loss of Profit (LOP)
> Fire & Allied Perils
> Hotel Comprehensive Cover

LIFE, PA & MEDICAL

Fenchurch Faris offers a full range of life and health insurance products and services, which cater to individuals, families and corporate entities.

> Life
> Personal Accident
> Credit Life
> Credit Shield
> Medical
> Travel Insurance

SPECIAL RISKS

Fenchurch Faris handles all specialist niche classes of business with access to binding authorities through our international partners.

> Jewellery Block
> Event Cancellation & Abandonment
> Bloodstock/ Livestock
> Agriculture
> Specie (Fine Arts, TV, Films, VIP & Armored Cars)

AVIATION

Fenchurch Faris works with several of the worlds leading aviation underwriters to provide the most appropriate coverage for its clients.

> Aviation
> Airside Liability
> Pilots Loss of License
> Airport Operators Liability
> Airport Contractors Liability

TREATY

Fenchurch Faris handles all proportional and non-proportional treaties, including the following:

> Property
> Engineering
> Motor
> Liability
> Catastrophe
> Medical
> Marine (Hull & Cargo)
> Life

Property

Class: Property All Risk Fire & Allied Perils
Risks Covered: Residential Buildings, 5 Star Hotels, Hotel Apartments, Villas, etc.
Limit: Max. top location value of USD 100,000,000 on MPL basis
Territory: GCC Countries
Security: Underwriters at Lloyd’s
Info Required: 3 year loss record being less than 30%, Fully RCC construction, 100% sprinkler protection
Class: Property All Risk Fire & Allied Perils
Risks Covered: Broad
Limit: Max. top location value of USD 100,000,000 on MPL basis
Territory: MENA region
Security: (AA-) by Standard & Poors
Info Required: 3 year loss record being less than 30%, Fully RCC construction, 100% sprinkler protection

Property All Risk Representatives

Financial Lines

Class: Directors & Officers Liability
Risks Covered: Broad including Banks and other Commercial entities
Limit: Automatic authority, up to USD 20,000,000 any one policy
Territory: Worldwide, including U.S. if requested
Security: Underwriters at Lloyd’s
Info Required: P.F. and audited financial statements or business plan

Financial Lines All Risk Representatives

Marine

Class: Cargo
Risks Covered: Open Covers/Single Shipments/Project Cargo. No minimum premium requirements
Limit: USD 10,000,000, up to 100% share
Territory: Worldwide
Security: Underwriters at Lloyd’s
Class: Cargo - Small Premium Shipments
Risks Covered: Single Shipments. No minimum premium requirements
Limit: Up to USD 2,000,000 per shipment; up to 100% share
Territory: MENA region including Iraq and war on land subject to underwriters’ agreement
Security: (B++) by AM Best
Class: Hauliers Liability
Risks Covered: Broad
Limit: USD 2,500,000
Territory: Mena region but excluding Syria, Iran, Sudan and South Sudan
Security: Underwriters at Lloyd’s
Info Required: Proposal Form
Class: Pleasure Craft (Yachts)
Risks Covered: Pleasure and Commercial Purposes
Hull and Materials, Engines and Machinery, Personal Effects, MDEC, WSRCC, Third Party Liability and Medical Expenses
Limit: USD 10,000,000 per vessel
Territory: Arabian Gulf, Red Sea and Mediterranean Sea, excluding Iraqi & Iranian Waters
Security: Underwriters at Lloyd’s
Info Required: Model, Age, Length, Engines, Hull material, Max. Speed

Marine All Risk Representatives

Political Violence

Class: Political Violence
Risks Covered: Broad, including Political Violence, Sabotage & Terrorism, SRCC, Business Interruption and Loss of Rent
Limit: Automatic authority, up to USD 30,000,000 any one policy
Territory: Worldwide, excluding Sanctioned Countries
Security: Underwriters at Lloyd’s
Info Required: Loss History for the past five years, breakdown of the exposure, security measures and exact location / address

Political Violence All Risk Representatives

Professional Indemnity

Class: Professional Indemnity
Risks Covered: Engineers, Lawyers, Accountants, Architects & Miscellaneous Classes. Single projects and annual policies
Including 10-year extended reporting period
Limit: USD 30,000,000 any one occurrence
Unlimited Aggregate for Annual Policies
Territory: MENA Region
Security: Underwriters at Lloyd’s
Info Required: Proposal Form
Class: Professional Indemnity
Risks Covered: Engineers, Lawyers, Accountants & Architects
Single projects and annual policies
Including 10-year extended reporting period
Limit: USD 5,000,000 any one occurrence and in the aggregate
Territory: MENA Region
Security: (AA-) by Standard & Poors
Info Required: Proposal Form

Professional Indemnity All Risk Representatives

Liability

Class: Commercial General Liability
Risks Covered: Broad
Limit: USD 75,000,000
Territory: Worldwide
Security: Underwriters at Lloyd’s
Info Required: Proposal Form
Class: Medical Malpractice
Risks Covered: Clinics, medical centers, hospitals, etc.
Umbrella covers for doctors and doctors associations
Limit: USD 5,000,000 any one occurrence and in the aggregate
Territory: GCC Countries
Security: (AA) by Standard & Poors
Info Required: Proposal Form, List of Employees and Claims Record
Class: Employers Liability & Workers’ Compensation
Risks Covered: Workers Compensation as per local legislation with Employers’ Liability as an add-on cover. Onshore or Offshore risks, including medical expenses, repatriation expenses & transportation to/from worksite.
Limit: USD 25,000,000
Territory: Worldwide, excluding USA/Canada
Security: Underwriters at Lloyd’s
Info Required: Proposal Form
Class: Tour Operators’ Liability
Risks Covered: Legal liability for bodily injury and property damage in connection to any travel or tour arrangements carried out by the Insured.
Limit: USD 25,000,000
Territory: Worldwide
Security: Underwriters at Lloyd’s
Info Required: Proposal Form

Liability All Risk Representatives