Property07

AXA Property Insurance

Protects the owner against accidental loss or damage to buildings, fittings and fixtures, machinery, furniture, stock, and the consequential loss of profits. As a significant player in the Commercial Property Insurance market, AXA Gulf provides comprehensive cover for industrial and commercial clients from SME to large companies in the region.


AXA Gulf provides three types of covers to ensure your property is well protected:

- Fire & Allied Hazards Insurance

- Property All-Risk Insurance

- Consequential Loss of Profit Insurance

Fire & Allied Hazards Insurance

This insurance is designed to cover your properties against loss or damage caused by hazards  as mentioned in the Policy. Provides comprehensive protection against fire, lighting, storm, hurricane, earthquake, flood, impact damage etc. The sum insured may be either on the basis of the actual value or the new replacement value of the property. The property to be insured may consist of the following physical assets:

- Furniture, fixtures and fittings

- Plant and equipment

- Office equipment

- Stock in trade from raw materials to finished products

Key benefits

- Risk engineering - AXA offers risk engineering, loss prevention and sophisticated risk management consultancy services to clients.

- Competitive pricing - AXA gives your business maximum value for money, rewarding your good claims experience.

- Standard cover - AXA's standard cover can be combined with a complete set of optional extensions specific to your activity

Property All-Risk Insurance

Comprehensive protection against all natural disasters and accidents. The sum insured may be either on the basis of the actual value or the new replacement value of the property. The policy is usually issued on an annual basis. 

Key benefits

- Risk engineering - AXA offers risk engineering, loss prevention and sophisticated risk management consultancy services to clients.

- Competitive pricing - AXA has a competitive pricing to give your business maximum value for money, rewarding your good claims experience.

- Standard cover - AXA's standard cover can be combined with a complete set of optional extensions specific to your activity.

Consequential Loss of Profit Insurance

In simplest terms, the business interruption policy is designed to restore the business to the same financial position as if the loss had not occurred.

To obtain Loss of Profits, it is always essential that you have a Material Damage policy in force, covering your premises for the same period. The interruption period starts from the date of the loss and extends to when the business’s turnover and profit levels are back to where they would have been but for the loss.

It is essential that a Loss of Profits policy is “tailor-made” to meet your exact requirements; therefore, there are many extensions or “optional extras” that can be added to the basic cover.

cover loss of “Gross Profit” following material damage as a result of fire, lightning, storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc. (or other insured peril) at your premises. This policy operates only when there is an admissible claim under the property material damage policy. Broader coverage with fewer limitations

- Flexibility to design the policy as per your needs

- Coverage can be extended to include professional accountant’s charges and claims preparation expenses

Fire & Allied Hazards Insurance

Property All Risk Insurance

This product provides comprehensive protection including fire, lightning, storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc other than those few mentioned as ‘exclusions’ under the policy.

Consequential Loss of Profit Insurance

There is a limit set on this interruption period and termed as the ‘Indemnity Period’ which is chosen when the cover is taken out and is recorded in months.

Why AXA?

  • #1 Global insurance brand

  • Tailored covers and extensions

  • Fast claim settlements