Group Life & Personal Accident

Working in partnership with organisations to understand their employee benefit strategies, the IDBQ Solutions team provides expert advice, building customised risk solutions for Group Life and Personal Accident cover requirements of business owners.

Given our local position with local specialization and insurer networks coupled with our executives’ long years of international experience, we are able to source and negotiate the most competitive market rates and terms for our clients, both at tender and renewal.

The Group Life provides coverage for a group of employees, by paying the capital sum insured benefit to the beneficiary on the death of an employee. The Group Life cover is offered on a yearly renewable basis and the benefits of the coverage are as under:

*Benefits to the Employer

*Attract and retain employees

*Provide welfare benefits to the employees and their immediate families

*Simple administration procedures

*Various Rider benefits at nominal cost

*Benefits to Employees

*Insurance protection at a relatively low cost

*Cover is available 24 hours a day, 7 days a week, anywhere in the world

*Covers Natural as well as Accidental Death

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Group Medical Insurance

Employees are the backbone of any Organization.   Whilst the well-being of your employees is vital for the health of your Organization, it is also paramount important that Organization could not spend heavily on group medical insurance premium.    Hence devising right medical plan for their employees is an important and challenging task for any corporate so that employees are benefited with best medical cover and the corporate is benefited with cost effective price.

Organization should devise their medical insurance program based on the parameters given below:

*Budgets allocated for health insurance program

*Management’s philosophy in providing medical benefits to employees (i.e.) tiered benefits based on positions or uniform benefits to all employees

*Management’s philosophy in covering employee’s dependants

*Annual Benefit limit to be covered

*Geographical area to be covered

*Benefits to be offered to employees in case of non-compulsory group medical territory

*Medical Network Providers

*Whether the medical insurance program is contributory or non-contributory

IDQ has a strong history of providing group medical solutions in the State of Qatar, and an in-depth knowledge of the difficulties that face those living and working abroad.  We design, place and manage all forms of health, life, disability and critical illness programs and our services embrace:

*Claims administration, analysis, reporting and reimbursement/fulfilment

*Advising on and arranging multi-national pooling of risk

*Occupational Health and Wellbeing consulting including Employee Assistance Programs

*Management and reporting of self-funded programs

*Case management of workplace injuries

With the reach and coverage that we offer, accessing our group health and risk expertise in every worldwide location, is easy.

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Crime

Crime insurance typically provides several different types of crime coverage, namely, employee dishonesty, forgery, computer frauds, funds transfer frauds, kidnap, ransom, or extortion coverage; money and securities coverage; and money orders and counterfeit money coverage.

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Medical Malpractice

Medical malpractice insurance protects against a professional negligence claim where a treatment provided by a health care provider falls below the accepted standard of practice in the medical community and causes injury or death to the patient.

The regulatory authorities in various countries now are taking a serious view on medical practitioners who are held to be negligent in their professional duties.  The patients or their relatives also sue the medical practitioners, should they believe that the treatment rendered was not effective on the patient.  This could result in significant financial loss for hospitals, clinics and individual doctors who are engaged in the profession of medicine.

The medical malpractice cover helps such practitioners to manage the risks related to cases filed against them by the health authorities or the patients.

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Fraud and Dishonesty

Provides compensation only for financial losses resulting from misappropriation or embezzlement of money or goods by employees. IDQensures that the losses owners, organisers and stakeholders might suffer from fraud and dishonesty of Employees are also covered.

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Directors & Officers (D&O)

In recent years, directors and officers liability insurance has become a core component of corporate insurance. Directors and officers liability Insurance (D&O) protects the directors and officers of a company, or the organization itself in the event of a loss due to the legal action brought for alleged wrongful acts in their capacity as directors and officers. Coverage can also extend to defence costs arising out of criminal and regulatory investigations/trials.

Wrongful acts include omissions, errors, misstatements, misleading statements, neglect or breach of trust or duty. Beneficiaries are the directors, officers or the corporation itself. Suits can be bought for various reasons. Shareholders might sue for insider trading. Creditors might sue for misrepresenting the financial statement of the company. Competitors might sue for anti-trust or unfair trade practices.

The responsibility that Director’s & Officer’s have in areas such as health, safety, environment, sustainability and legacy are significant.  For all Directors and Officers we propose to effect an insurance that gives them personal protection against the consequences of any legal challenges for their perceived wrongful acts.

The cover we could obtain for the insured will cover the personal liability of the company directors and officers as individuals and also any costs incurred by the company on third parties to protect the company.

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Professional Indemnity

It’s the kind of insurance that protects your business from financially crippling and often reputation-damaging claims by unhappy clients. Professional indemnity insurance, also known as Errors and Omissions (E&O) insurance, is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results.

In the present day, dynamic business environment, the executives of the Company must take various decisions to effectively run the business.  While the situation at a certain point of time may warrant a certain decision to be taken, subsequent developments may result in some of the decision taken coming under scrutiny.  Various regulators of the business may have various views on how the business should be run.  The stakeholders of the business, the competitors, the suppliers and the customers may all have different view point, which may not all be in line with the Company’s or executive’s view point.

All these results in pressure on the Company officials, which in turn could result in executives committing errors, being held negligent or committing breach of duty or omission.  Business entities would like to protect its executives and itself for the legal liability and costs that may arise in such circumstances.

Professional indemnity insurance protects you from legal action taken for losses incurred as a result of your advice. It provides indemnity cover if your client suffers a loss – either material, financial or physical – directly attributed to negligent acts.

Below we list some of the danger areas your business could be exposed to:

*Negligence: or breach of duty of care

*Intellectual property: unintentionally infringing on others’ copyrights, trademarks, broadcasting rights, any act of passing off

*Loss of documents/data: damaged, lost or stolen data and documents belonging to your clients

This policy is most suitable for doctors, lawyers, accountants, architects & designers, engineers, brokers, consultants, advertising agencies etc.

The professional indemnity covers that our Team could arrange for your Business would help mitigate such risks to the extent possible.

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Commercial General Liability Insurance

Owning and operating a business comes with plenty of responsibility and accountability. In today’s uncertain world, technology and case law are constantly changing the liability landscape. Even if you operate with the utmost care, sometimes things do go wrong.

Under a general liability insurance policy, the insurer is obligated to pay the legal costs of a business in a covered liability claim or lawsuit. This policy offers the option of protection for bodily injury, property damage, advertising injury (damage from slander or false advertising) and personal injury to a third party for which a company is found to be legally liable.

The insurance company also covers compensatory and general damages. General liability insurance policies always state a maximum amount that the insurer will pay during the policy period.

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Product Liability

Product liability insurance protects you in case a product you produce or provide causes harm to a user or a user’s property. A “product” is anything that is tangibly used, touched, or consumed. This type of insurance is recommended for every business that manufactures a product, but is especially important for companies that produce food, clothing, toys or anything else that could conceivably cause harm to someone.

If you sell, supply or deliver goods, even in the form of repair or service, you may need cover against claims of goods causing injury or damage.

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Third Party Liability

Third party insurance is designed to protect you from claims made against you by another person.  The primary function of third party liability insurance is to protect you in the event that you cause an accident. Liability coverage will reimburse others and pay for damages awarded in a lawsuit, depending on your insurance limits.

Third Party Liability is an essential class of insurance that gives business owners, property owners and stakeholders very robust protection. A serious incident at an event could be extremely expensive should the liability insurance fail or be insufficiently indemnified.

TPL cover can be placed for specific location only or can be tailor made to cover various business activities of the Insured in various territories under a single policy based on the annual turnover basis.

IDBQ’s experienced team ensures that such TPL policies are drafted, composed and placed with great care.

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