Himaya Iraq Ltd. is an active player in Iraq in the insurance brokerage for placing insurance of assets starting from the constructions phase (contractor or Erection all risks) to the property all risks of your warehouse, factory or building (and business interruption following a covered property claim), the dishonesty of your employees (Fidelity), your money in safe or transit, encompassing perils from fire, damage by water, storm, earthquake to war, terrorism, strikes, riots, civil commotion and malicious damages etc...
Starting with an Enterprise comprehensive and holistic approach in order to understand Your Company and assess its risks to organize the transfer of a sizeable part of its risks to insurance companies (as per the risk appetite of Your company) and to offer bespoke risk management solutions
Assisting and advising You in filling all insurance proposal forms and preparing the submission file to the underwriters
Doing the necessary insurance market exercise through benchmarking premiums, insurance offers and policy types etc... Thanks to our market knowledge.
Assisting, providing a legal support and advising the insured throughout the life of the claim from the initial notification of the claim and management of insurers’ experts while representing your interests. By working with all of the stakeholders, we develop a claims strategy that puts in place the fundamentals needed to deliver on the insurance policy.
Assigning one Account Executive in charge of Your Company from A to Z who acts as a single point of contact
Doing pre-risk survey reports on your properties. This will allow us to know better Your company and thus Your needs. This will assist underwriters in assessing the risk.
For construction make sure to ask for the certificate of completion.
For determining the sum insured:
AT THE TIME OF THE CLAIM IT IS TOO LATE! “TO GOVERN IS TO FORESEE..."
To deliver on your duty of making a fair presentation of the risk to insurers containing all material circumstances which you know or ought to have known.
If you are in doubt as to whether information is material, it is best to disclose it since rarely disclosure will prejudice you, whereas non-disclosure certainly will.
Disclosure to include:
A material fact is one that is likely to influence the judgment of an insurer when determining whether to provide a business with cover and at which premium.