Civil Liability Insurance:

Under this insurance, the insurance company undertakes to compensate the insured for any amounts they become legally liable to pay to others due to bodily and/or material damages they may suffer while present within the geographical boundaries specified in the insurance policy, provided that these damages occurred during and as a result of the insured performing their usual business activities and during the insurance period.

What the insurance covers:
Legal compensations: The company covers any amounts the insured becomes liable to pay to others due to damages arising from the practice of their business.
Bodily damages: Covers bodily injuries that others may suffer while present at the insured location.
Material damages: Includes damages to others’ property resulting from the insured’s activities.

What the insurance does not cover:
Injuries to family members: Coverage does not include injuries to family members living with the insured.
Damage to personal property: Damages to the insured’s own property are excluded.

Calculation of insurance premiums:

The premium calculation is affected by the following:

• The nature of the insured’s business (whether it is a large store, factory, hotel, restaurant, multi-purpose showroom, etc. The higher the traffic and crowd at the insured location, the higher the insurance premium will be).
• The location of the business in relation to its proximity or distance from residential, commercial, or industrial complexes.
• The agreed amounts as limits of the company’s liability for bodily and/or material damages per accident or for the total accidents during the insurance period.
• The amount the insured agrees to bear for each accident or claim related to damages to others’ property.

For more information, please contact us at 1800220220 or via mobile at #600.

Professional Liability Insurance:

Under this insurance, the insurance company undertakes to compensate the insured for any amounts they become legally liable to pay to others due to negligence or unintentional error while practicing their professional work, provided that these damages occurred during and as a result of the insured performing their work and during the insurance period.

Why choose Professional Liability Insurance?

Insurance coverages: The Takaful company commits to compensating damages resulting from:

• Negligence or unintentional error: When the subscriber (insured) causes harm to others while performing their professional duties.
• Claims and lawsuits: Compensation for any legal claims or lawsuits made by affected parties such as clients, employees, or other entities negatively impacted due to negligence or unintentional errors.

Calculation of insurance premiums:

The premium calculation is affected by:

• Total insured amount (coverage limit): The maximum amount covered by the company.
• Nature of work: The type of work practiced by the insured, where the level of risk associated with the profession may affect the value.

Calculation method: Premiums are calculated as a percentage of the total insured amount (coverage limit).

For more information, please contact us at 1800220220 or via mobile at #600.

Elevator Liability Insurance:

Legal liability insurance for accidental bodily injuries that may be sustained by any person including owners, and/or tenants, and/or their family members, and/or visitors as a result of using the elevators in the building. This is within the coverage limits agreed upon between the company and the insured.

Under this insurance, the insurance company undertakes to compensate the affected parties.

Why choose elevator insurance from Takaful?

Insurance coverages:

The company covers damages and losses resulting from accidents including:

• Bodily injury that any person may suffer while using the elevator, such as owners, tenants, family members, or visitors, due to an accidental incident.
• Safety procedures: Provided that the insured ensures the elevator complies with safety conditions, undergoes regular maintenance, and is licensed by the competent authorities.

Calculation of insurance premiums:

The premium calculation is affected by:

• Total insured amount (coverage limit): The maximum amount covered by the company in case of an accident.
• Elevator capacity: The elevator's ability to carry a specified number of persons or weight.
• Safety procedures: Inspection of the elevator for compliance with specifications and safety requirements.
• Nature of the building: The type and size of the building containing the elevator.
• Elevator age: The condition and usage duration of the elevator, as older elevators may require higher premiums.

Premiums are calculated based on elevator capacity and the unified tariff system issued by the Palestinian Capital Market Authority.

Benefits of elevator liability insurance:

• Legal and financial protection: Protects subscribers against financial burdens associated with any accidents that may occur in the elevator.
• Compensation for injured persons: Provides compensation for injuries resulting from elevator accidents.
• Safety: The insurance emphasizes adherence to safety procedures and licensing by competent authorities to ensure minimal risks.

This type of insurance is especially important in multi-story buildings, as it protects all parties from legal and financial liability.

For more information, please contact us at 1800220220 or via mobile at #600.

Product Liability Insurance:

Takaful Insurance Company offers special product liability insurance to protect companies or individuals from the financial burdens resulting from damages their products may cause to third parties. This insurance aims to prevent any material or legal losses caused by the product responsible for the damage.

Under this insurance, the insurance company undertakes to compensate the insured for any amounts they become legally liable to pay to others due to damages caused by their products, within the insurance period and its terms.

This insurance aims to spare the insured from material and legal losses in case of damages caused by their products.

Why choose product liability insurance?

Insurance coverages:

The company covers damages and losses resulting from the following risks:

• Bodily injury, illness, or material loss that may affect any person (third party) due to a product sold, supplied, stored, repaired, reassembled, or treated by the subscriber.
• Accidental incidents: occurring during the validity of the policy due to practices related to the products or goods provided by the subscriber, causing damages to third parties.

Calculation of insurance premiums:

The insurance premium calculation is affected by:

• Total insured amount (coverage limit): The maximum amount the company will cover in case of any product-related accident.
• Safety procedures: The level of safety and preventive measures followed in manufacturing, selling, storing, or repairing the product.
• Nature of the product: Types of goods or products dealt with and the likelihood of associated damages.

Premiums are calculated as a percentage of the total insured amount (coverage limit).

Benefits of product liability insurance:

• Protection against damages: Helps cover financial liability resulting from damages the product may cause to third parties.
• Compensation for affected parties: Provides compensation for persons injured or damaged due to the use of sold or supplied products.
• Legal compliance: Enhances companies’ ability to comply with local and international consumer protection laws.

This insurance is crucial for companies relying on selling or manufacturing products, as it builds trust in their products and provides legal and financial protection.

For more information, please contact us at 1800220220 or via mobile at #600.

Political Violence Insurance:

This insurance provides protection against losses and damages that may result from such extreme acts, including compensation related to buildings and contents that may be damaged or destroyed due to violent political events.

This type of insurance covers material loss or physical damage to buildings and contents belonging to the insured or for which the insured is legally responsible, resulting from any of the following risks: terrorism, sabotage, riots and strikes and/or civil commotions, intentional damages, armed rebellion, mutiny and/or military coup.

Why choose political violence insurance from Takaful?

This insurance covers material losses or damages to buildings and contents belonging to the insured or for which the insured is legally responsible, arising from any of the following risks:

• Terrorism: Damages caused by deliberate acts aimed at causing loss.
• Sabotage: Damages resulting from destructive acts targeting property.
• Riots and Strikes: Covers damages caused by riots or labor or popular strikes.
• Civil Commotions: Damages resulting from protests or civil disturbances.
• Intentional Damages: Damages deliberately caused by individuals or groups.
• Armed Rebellion: Damages resulting from military resistance against the government or authorities.
• Mutiny and Military Coup: Damages resulting from mutinies or military coups affecting property.

For more information, please contact us at 1800220220 or via mobile at #600.

Medical Malpractice Insurance:

Al-Takaful Insurance Company offers a special program for medical malpractice insurance for individuals, designed to protect the insured from any financial burdens resulting from their work as a physician by compensating patients for any error, negligence, or oversight during the physician’s practice in a clinic, center, or hospital within Palestine.

Why choose medical malpractice insurance from Al-Takaful?

Coverage:

Compensation is provided for damages resulting from:

• Medical error, oversight, or negligence: if it causes health damage to the patient during medical services.
• Cases of health injury: caused by errors during treatment or medical procedures.
• Legal cases: coverage considers judicial rulings issued by competent courts, ensuring protection for the physician or medical entity in the event of lawsuits arising from medical errors.

Calculation of insurance premiums:

Premium calculation is influenced by:

• Total insurance amount (compensation limit): the maximum coverage provided by the company.
• Safety procedures: the extent of preventive protocols in the facility or medical practice.
• Nature of medical specialty: premiums vary according to the specific medical profession or specialty.
• Insurance duration: the period for which the policy is valid.

Calculation method: premiums are calculated as a percentage of the total insurance amount (compensation limit).

Benefits of medical malpractice insurance:

• Protection against professional risks: guarantees that physicians or medical institutions will not bear financial liability in case of medical error.
• Fair compensation to the patient: ensures patients’ rights in case of health damage caused by negligence or medical error.
• Prompt response: the company commits to quick compensation in the event of an incident or lawsuit.

This insurance is important for medical professionals in their workplaces to ensure legal and financial medical protection and provide a safer work environment for all parties.

For more information, please contact us at 1800220220 or via mobile at #600.