..:: Freezone Companies ::..

Freezone Companies

All Free-zone companies required to maintain compulsory insurance coverage as described below. Insighters provides all kind of Insurances for Free-zone companies as required by the law and. Our capabilities range from securing basic insurance coverage to overseeing comprehensive risk management programs and providing advanced, specialized services for:

Office Package
Retail Package
Property All Risks
Business Interruption
Deterioration of Foodstuff
Public Liability
Product Liability
Money Insurance
Motor Fleet
Group Medical
Group Life
Workmen Compensation
Marine Cargo

Compulsory Insurances for Free-zones

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Jebel Ali Free Zone Area (JAFZA)
Dubai International Financial Centre (DIFC)
Dubai Media/ Internet City
Dubai Airport Free Zone

Jebel Ali Free Zone Area (JAFZA)

1) Insurance of Buildings

Free Zone Clients are required to have their premises insured against fire and perils. The policy shall be sufficient to cover clearance and replacement costs of the structure, fixtures and fittings. Insurance of “contents” of any building shall be at the discretion of Clients.

2) Employee’s Insurance

Jafza requires Client’s to take out Third Party Liability (Public Liability) and Workmen’s Compensation, which is AED.500,000 for up to 19 employees and AED 1,000,000 for 20 employees or above. The cover is for any single occurrence, but there should be no limit in the policy as to the number of occurrences. Workmen’s compensation claims must include cover for injury / disability compensation and related medical expenses.

Dubai International Financial Centre (DIFC)

1) Strata Title Law

A body corporate for a strata scheme must insure:

(a) the buildings and any other improvements on the common property; and (b) any building divided by the plan. The policy of insurance must cover damage from fire (whether deliberate or accidental), storm, tempest, explosion, equipment malfunction, or other risks prescribed by the Regulations and costs incidental to the reinstatement or replacement of the buildings, including the cost of removing debris and the fees of architects and other professional

advisers; and must provide for the reinstatement or repair of the buildings and improvements to their condition when new.A body corporate must also maintain Public Risk Insurance (covering accidental death, personal injury and property damage) over the common property for an amount at least equal to a minimum prescribed by Regulation.

2) Employment Law

An employer is required to obtain and maintain insurance cover for health and disability income, which shall provide for periodic payments in respect of lost income when the employee is unable to work due to illness or injury.
Before the Registrar grants registration as an auditor, an applicant must satisfy the Registrar that it has adequate professional indemnity insurance which provides cover in respect of work undertaken in the DIFC.

Dubai Media/ Internet City

Every licensee shall take out and maintain insurance cover in respect of Third Party Liability or Public Liability Insurance and Worker's Compensation Iinsurance in accordance with the requirements of the employee sponsorship agreement. A licensee's Worker's Compensation insurance shall include cover for every employment injury and/or disability and related medical expenses in accordance with the UAE Labour Law.

Dubai Airport Free Zone

1) Strata Title Law

2) Employment Law