Saudi Indian Company for Co-operative Insurance (SICCI) is a joint stock company established in the Kingdom of Saudi Arabia as per Royal Decree No. M60 dated 18/09/1427H. SICCI is a joint venture between Fawaz Al Hokair Group of Companies, KSA, Life Insurance Corporation of India, The New India Assurance Company Limited, India and Life Insurance Corporation (International) B.S.C.(c), Bahrain
SICCI's Comprehensive General Liability Insurance provides cover against legal liabilities towards third parties caused in connection with the business of the insured occurring at the premises specified in the policy schedule.
Policy Details
Liability at law for damages and claimant's cost and expenses in respect of:
(a) Accidental bodily injury to any person
(b) Accidental damage to property
(a) Accidental bodily injury to any person
(b) Accidental damage to property
Provided:
* Accident took place in the premises specified and during the policy period
* Legal action is brought about within 12 months of expiry of policy
Limits of liability:
Under the policy, there are two limits of liability.
A. Liability of insurance in respect of any one accident / occurrence (AOA)
B. Liability of insurance during any one year / period of insurance (AOY)
A. Liability of insurance in respect of any one accident / occurrence (AOA)
B. Liability of insurance during any one year / period of insurance (AOY)
Standard Exclusions:
Employment / workmen's compensation liabilities
Any professional liability of the insured
Sub-contractor's liabilities.
War, terrorism, nuclear related consequences.
Fines, Penalties or Consequential losses.
Insured to remember:
1. Limits of liabilities and deductibles, if any, are as per schedule.
2. Exceptions, terms and conditions as per policy are binding on insured and insurer.
3. In the event of occurrence which may give rise to a claim, the insured should
2. Exceptions, terms and conditions as per policy are binding on insured and insurer.
3. In the event of occurrence which may give rise to a claim, the insured should
a. Give immediate notice in writing to the insurer and forward any claim / summons etc.
b. At his expense, supply all information / assistance to insurer for registering a claim properly