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About usNew Shield Insurance Brokers L.L.C. (NSIB), is a new age multi-line insurance consultancy and service provider with offices located at the Platinum Business Centre in Dubai, U.A.E. NSIB is a privately owned organisation, and managed by a dynamic team of insurance professionals who have had a very successful career advising clients on risk management and insurance solutions.

Being a customer focused firm with a strategic objective to reach out to both corporate and private clients, we provide easy access to the top performing companies that are suited to design risk protective financial solutions. Our unified team of professionals is committed to deliver service at your doorstep, 24/7.

Our enduring alliance with various insurance risk underwritters makes it possible for us to offer the most affordable solutions. NSIB provides consultancy and service on all classes of insurance products under one roof, be it motor, medical, group life and personal accident, property and miscellaneous classes.

boARD oF DIRECtoRsCompany’s business affairs are managed by Board of Directors, headed by Mr. K. Uchil as Chairman, Mr. Fredrick Lobo the Managing Director –for the General management and Mr. Arvind Uchil Managing Director for Finance Management, have a clear vision to take the company to a position wherein client decides New Shield Insurance Brokers as choice made insurance Broker to provide insurance solutions.

objECtIvEAdvise risk financing solutions to secure Life, Property and Business.

vIsIonTo achieve excellence by professionalism with discipline.

Why Do you nEED An InsuRAnCE bRokER?Insurance brokers are consultants and advisors who guide their clients on the right type of insurance coverage for their unique and specific requirements.

NSIB

NEW SHIELD INSURANCE BROKERS

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• Legal assistance in case of redress • Loss or damage of personal baggage • Loss of personal money • Loss of passport and valuable documents • Cancellation of trip and delayed departure

LIFE InsuRAnCE “Your promise to your family to secure their happiness at all times.”Life insurance brings Cash payment as living benefit to the policy holder and monetary benefit to the nominee of the deceased, or to the beneficiary or to the legal heir of the policy holder and provides income to the insured person’s family, pays educational fees of Children. Life insurance policies provide living cash payment along with profit in the form of bonus, and accidental cash benefits to the insured in the event of any accident resulting disabilities to the holder during the tenure of the policy.

CommERCIAL GEnERAL LIAbILIty (CGL)Workmen Compensation Workmen compensation policy protects the employer against the liabilities towards their employees in respect of death or bodily injuries suffered by them during the course of employment. It also provides loss of wages due to accidents and while on treatment. The compensation shall be, 6 months 100% of the wages and thereafter six months 50% of the wages.

Employers’ Legal LiabilityEmployers’ Liability Insurance indemnifies the employers to pay compensation which they are legally liable to pay under the Law of the country for personal injury or death by accident arising out of and in the course of employment. The Policy also pays for all costs and expenses incurred in defending a claim in the court of law, but with the prior consent of the insurance company.

motoR InsuRAnCE Motor or Auto insurance protects the insured against unforeseen financial losses. A fully comprehensive motor insurance policy will cover the losses arising out of collisions, accidents, legal liabilities towards Third Party injury, death and property damage including passenger’s liability and driver’s personal accident insurance.

mEDICAL InsuRAnCE “Carries the Assurance of freedom from uncertainties that threaten life.” A range of products available at affordable price for the employees and their families. Medical insurance covers the cost of treatment of disease or illness, dental sickness or vision correction and other related injuries. A medical insurance cover is available for individuals and groups.

tRAvEL InsuRAnCE Travel Insurance covers for your emergency medical expenses due to sudden illness or accidental injuries succumb while traveling, and it also provides insurance cover for loss or damage to baggage due to defaults of travel suppliers.

This cover is available trip-wise or on annual basis covering all the trips of the insured.

Benefits: • Personal Accident • Emergency Medical expenses • Emergency dental expenses • Emergency medical transportation • Repatriation expense

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Professional Indemnity Insurance (for Architects, Engineers & Lawyers)Professional Indemnity (PI) cover indemnifies the insured against faulty design, negligence at supervision, Errors & Omissions (E&O) on the part of architect or his company and due to which third parties suffered loss or damage (to any person) or to the designed building resulting material damage, holds professional consultants’ at his or company’s legal liability under civil law to compensate victims.

Benefits:The professional liability extends to indemnity bodily injury, property damage, and personal injury claim. But various professional services and products can give rise to legal claims without causing any of the specific types of harm covered by such policies. General claims under professional liability insurance attributed directly to negligence errors and omission, violation of trust and good faith resulting into inaccurate consultancy. The triggered or reported claim may, however, directly cause financial losses.

Professional liability insurance policies are generally worded on a claims-made basis, meaning that the policy only covers claims made during the policy period. But all Claims which may relate to incidents occurring before the coverage was active may not be covered, although some policies may have a retroactive date, such that claims made during the policy period but which relate to an incident after the retroactive date.

Directors’ and Officers’ Liability Insurance D&O Liability refers to the directors and officers of a company, or to an establishment, and provides indemnities against the loss or damages including defence costs in the event any such insured suffers a loss as a result of a legal action whether criminal, civil, or administrative, brought for alleged wrongful acts in their capacity as directors and officers, as to the individual directors/officers or against the organization(s).

medical malpractice InsuranceMedical establishment’s such as Hospitals, Medical Clinics, Medical centres, Laboratories, Pharmacies and all Medical professionals like Physicians, Medical specialists, Medical consultants, Nurses and Paramedical staff are all; • Exposed to legal liability • Court cases • Liability suitThe coverage offers to protect medical professional against all sums that they are legally liable to pay to the patient or to their legal heirs for damages arising out of bodily injuries caused due to professional negligence.

Medical Malpractice refers, the mental injury, illness or death of any patient caused by negligent or omission committed by the doctor, clinic’s staff (as assured).

Public & Products LiabilityPublic Liability is designed to meet business owner, and/or any establishments exposed to legal liability that may arise due to their negligence resulting due to accidents in the course of their business activities. Products Liability arises when a manufacturer produces a faulty product resulting in the physical injury or death of the end user.

Product Recall Insurance can also be taken as an extension if a batch of faulty product needs to be withdrawn from the market in order to avoid any further claims.

Benefits: The insurance policy indemnifies loss or damage sustained by the third person but the insured is legally liable to compensate as damages to the third party as victim which is:Compensation for accidental death of the third party, or Physical injury, wounds, defamation or disease to third parties or Loss or damage to property belonging to third parties resulting due to an accident, including legal costs incurred with the prior consent of the insurer.

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jewellery, diamonds and all kinds of metal as well stock in items of value. Insurance policies indemnify the loss to the assured, subject to theft and burglary arising out of violent entry or exist by the thieves or burglars.

shop Insurance A Shop Insurance policy protects against the Risk of Fire and Perils, including natural calamities affecting the shop and causing loss to the owner. It can protect the owner from the losses arising out of negligence by the employees while conducting the business that can put third parties under danger of bodily injury or death. The stock as content and tenant’s improvements are also insured under the policy.

Shop owner cover includes: • Shop Premises - as property or building • Content as -good in stock / trade of business • Goods in transit transporting risk • Money in safe and money in transit • Loss of profit or business interruption loss • Glass – plate insurance

business Interruption (bI) or Consequential Loss This covers Loss of Revenue and Profits resulting from a range of risks including Fire & Earthquake.

BI insurance can also be taken as a rider to the fire policy or property all risk policy will compensate for the short fall in gross profit increased working cost, and extra auditors or accountants fee.

PRoPERty InsuRAnCE (CommERCIAL)“Insure & protect your property, it gets you back where you belong.”

Fire & Allied Perils Insurance

All movable and immovable property at a given location or at premises, like buildings, plant,

machinery, furniture, fixtures, fittings, contents, stock, and goods held under trust is the subject

matter of fire insurance policy.

The perils covered are; Fire, lighting, explosion, aircraft other aerial devices and/or other

falling object, Impact damage by vehicles, including own animals, or cattle, Earth quake,

storm, or tempest flood, bursting and overflowing of water tanks, apparatus, and pipes, riot

and strike damage.

Property- All Risks Insurance

In addition to the above perils that are covered under the Fire policy; insured can opt for a

wider cover called “Property All Risks Insurance”. The difference between the two is that a

standard fire policy will only cover named perils causing loss or damage to the insured item,

whereas Property - All Risks Insurance policy being a wider cover indemnifies accidental,

physical loss damage or destruction of the property insured whilst situated at the premises

described in the policy.

burglary and theft Insurance

Theft and burglary involves taking away with monies from the strong room, or safe box and

even from the drawer of the desk locked. The exposed items are electronic items, power tools,

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Forgery and Alteration - This extension of cover provides coverage for loss caused due to forgery or alteration of any forged or fraudulently altered document by the employee(s) whereby one obtains possession of monies or goods not belonging to him/ them.)

Securities - This extension of insurance covers securities of the insured (Stock, certificates, bonds, and other governmental guaranteed authority stocks etc.)

Counterfeit Currency - This extension of cover provides coverage for loss resulting in the acceptance of counterfeit currency by the teller or other charged employee of the insured.

Office and Contents - This extension of insurance provides coverage for loss and or damage caused by fire and other perils to the office and contents of the insured’s premise.

Fidelity Guarantee InsuranceThis policy covers the employer against any loss caused due to act of Forgery or embezzlement, larceny and or fraudulent conversion committed by an employee during the course of their employment.

jewelers block InsuranceJeweler Block Insurance provides cover to gold and Jewelery dealers to protect them against loss and or damage to stock, furniture & fixtures. The stock shall include gold, Jewelery articles, platinum, watches, bullion, precious stones, and pearls.

Property can be owned by the insured jeweler, or can be customer’s property in care, custody, and control of the jeweler. Coverage is on an all risks basis except specifically excluded perils such as wear and tear; war; delay; loss of market; flood; earthquake; loss or damage while jewelry is being worn by the insured or his or her representatives; loss resulting from the infidelity of any person under the care, custody, and control of the insured; damage or destruction of jewelry after it leaves the insured under an installment contract and mysterious disappearance.

homE (housE hoLDER’s) InsuRAnCEHome, apartment and independent houses are the subject matter of Home insurance and insurance policy provides cover for Loss or damage due to fire and other perils. The Contents, valuables and Personal belongings are insured under this policy. Theft and Burglary extension is available under this cover; • Your legal liability to the public as Owner of the property • Death or accidental disability to your domestic helper while on domestic work • Your legal Liability towards Landlord if you have occupied rented house

monEy InsuRAnCE Money to be insured to protect it from unknown hold-ups, random snatching way or theft by breaking-in, money in transit; Money insurance is on All Risks basis, and insurance cover is for cash, cheque and certain other financially negotiable instruments.

bankers blanket bond (bbb) InsuranceBankers Blanket Bond is a comprehensive cover with protection against depositors’ assets, cash in transit, property & contents, infidelity of employees, forgery & alteration and computer crime.

Infidelity of Employees - Coverage for any loss money and or bankers instrument due to misappropriation or embezzlement by dishonesty of the insured’s own employees.

On premises – This provides coverage for loss and or damage to insured’s property due to various perils including fire at business location.

In-transit - This extension of cover provides coverage for loss and or damage to insured’s property whilst in-transit to and from premises defined within the geographical area.

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• Fire, Lightning • Accidental damage during construction, Water damage, flood, storm and tempest,

Collapse, collision, impact, burglary, theft and malicious damage, aircraft, Breakdown or explosion at the site e.g. lifts in buildings etc. Consequent Damages due to defects in material casting, workmanship and design, Riot, Strike, subsidence, landslide, cyclone, hurricane, earthquake, volcano

Section 2: Third-Party-Liability

This section provides indemnity to third party, due to Legal liability of the Principal, and or from Contractor and or from Consultant resulting from their negligence, causing: • Accidental bodily injury and/or death • Accidental damage to Property (excluding Property belonging to or in the custody or

under the control of the Insured, and • Legal expenses for defending any proceedings with company’s consent.

Maintenance-Cover: Built in Maintenance Period Cover with in the CAR policy provided to protect the Contractor and or Principal and or Consultant against any loss or damage that occurs in the course of the guarantee period stipulated in the agreement of contract as obligation to protect the project against any loss or damage having originated during the obligatory maintenance period of project.

Erection All Risks Insurance (EAR) Erection All Risk “EAR” a comprehensive insurance cover and it protects project against the Risk of suffering loss or damage which may occur due to external facts affecting while erecting machinery or plant and steel structures.

Credit Insurance (bad Debt) Credit insurance protects the supplier against buyer who fails to pay suppliers’ invoices. It protects against bad debt at high risk. The word Credit insurance is used to explain both business credit insurance and consumer credit insurance; Consumer Credit Insurance is a way for consumers to insure repayment of loans even if the borrower dies, becomes disabled, or loses a job. This type of insurance can be purchased to insure all kinds of consumer loans including auto loans, credit card debt, loans from finance companies, and home mortgage borrowing. But it is purchased by the consumer/borrower; the benefit payment goes to the financing company for extending the credit to the consumer.

Trade Credit Insurance also known as Business Credit Insurance is an insurance policy and risk management product that covers the payment risk resulting from the delivery of goods or services. Credit insurance is purchased by suppliers, manufactures, dealer’s, stockiest, business establishments, to insure their invoices receivable from loss due to the insolvency of the debtors.

EnGInEERInG InsuRAnCEContractors All Risk (CAR) Contractor’s All Risks Insurance cover is comprehensive by itself, and protects the Principal, & Contractor who execute the projects, and Consultant who supervises the project, against loss or damage to the contract works, construction plant respectively to their rights and interest under section 1 of the policy and under section 2 it provides insurance cover against any bodily injury or death arising in connection with the execution of a project.

sections of CAR policy Section 1: Physical Loss or Damage also called material damage.The section one of the policies provides coverage for losses on materials and contract works from a variety of risks affecting such as:

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ContRACtoR’s PLAnt & mAChInERyCPM is standard policy designed to provide insurance protection for contractors, and

the construction industry, against a variety of risks. The insurance policy gives financial

protection against events of any cause, whatsoever occurring at work, at yard or during

maintenance operations. The Machinery and Plants include shovels, excavators, rollers and

dumpers and others.

machinery breakdown InsuranceThis form of insurance provides coverage for machinery installed at one place. The Coverage

is against any unforeseen and sudden physical loss or damage giving rise to its repair or

replacement due to causes such as defects in casting in material, faulty design, faults at workshop

or in erection, bad workmanship, lack of skill, negligence or carelessness and explosion are the

major causes that can be attributed and covered by machinery breakdown insurance.

Electronic Equipment InsuranceThe Insurance policy provides coverage against loss and damage from “all risks”, to electronic

equipment such as computers, x-ray machines, communication facilities, studio equipment and

other data processing machines. The policy also covers computer components (hardware), data

media centre (software; data media and the cost of restoration of information) and increased cost

of working (additional expenditures in case of a loss or damage).

Deterioration of stockDeterioration of Stock coverage in Insurance is against damage or loss from deterioration

of stocks in a controlled temperature of the cold storage due to breakdown of refrigerating

machinery including rise or fall in temperature and escape of refrigerants.

Erection All Risks Insurance has two sections providing coverage as under:

Section 1: Physical Loss or Damage: This Section provides coverage to principals and contractors or subcontractors for losses and or damages to materials against; • Accidental damage during Erection. • Fire, lightning at the site • Water damage, flood, storm and tempest at the site • Collapse, collision, impact, burglary, theft and malicious damage, aircraft • Breakdown or explosion at the site • Consequent Damages due to defects in material casting, workmanship & design • Riot, Strike, subsidence, landslide, cyclone, hurricane, earthquake, volcano

Section 2: Legal Liability: This section provides indemnity to third party due to the negligence, error or omission from the part of the contractor causing death or bodily injury or the project succumbing to loss or damage due to perils mentioned under Section 1: and giving rise to Legal liability of the insured.

The negligence of the insured or his employees causing bodily injury or death or property damage of third party must be established in the court of Law.

Accidental bodily injury or death to third parties excludes insured’s family or their employees also excludes the Property belonging to or in the custody or under the control of the Insured, his family members or his employees, and Legal expenses for defending any proceedings with Insurer’s consent.

Maintenance Period Risks: After the Erection works, including testing and commissioning of the project being completed the EAR policy cover remains for maintenance period. During this period the cover is against any loss and or damage that occur in the course of the guarantee period. Generally the maintenance period is 6 months to 12 months.

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on-shore Construction Insurance policy provides coverage for oil platforms projects such as oil, gas, power,

petrochemicals installed onshore against physical loss or damage on “All Risks” and protects

the loss against,

• Materials • Faulty Design

• Machinery • Workmanship

• Equipment • Guarantee Maintenance (on option basis)

• Temporary and Permanent Works

The policy provides coverage of transportation and mobilization of equipment and terminates

upon completion & handover basis - any maintenance periods thereafter can be covered.

operational risksPhysical loss or damage and consequential losses arising out of an unfortunate accident can

result in causing enormous financial loss to the project owner.

CARGo InsuRAnCEThe transportation of goods such as commercial or domestic by vessels either in container, or

in bulk or in break bulk is exposed to the risk of loss or damage due to fire & perils. All Risks

Insurance provides for partial loss, & total loss due fire & perils.

• Basic - by Sea or Air or Post Parcel

• All Risks or Basic - for Land Transit

• Actual total loss of the cargo, being the total of carrying vessel

boiler Insurance

Boiler insurance coverage indemnifies for loss or damage to boilers resulting in explosion

and collapse due to overpressure and failure of safety valves, faulty workmanship, defective

materials and faulty design.

oil & Energy

Insurance coverage for Oil & Energy related risks during construction as well as for operational

risks such as; unforeseen risks attributed to energy projects include prospecting and exploration

for oil, production, storage and transportation of crude to the markets, and risks linked to

downstream activities such as refining, storage, transportation and marketing of refined

petroleum products and associated gas derivatives.

offshore Construction

Off-Shore properties and platforms are the items proposed to cover all Risks Insurance coverage

for physical damage or loss to platforms, contract works and third Party Liabilities. The cover

can be designed under the following:

Section 1: Insurance provides All Risks of Physical Loss or Damage to contract works, including

temporary works deployed. The Builders Risks, cargo coverage, Sue and labour, removal of

wreck and debris, cover for existing property, expediting expenses, War risk etc; subject to

waterborne agreement and Maintenance period.

Section 2: Insurance provides coverage to third party liabilities arising out of operations for an

agreed limit.

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The following extensions can also be considered on request but subject to additional premium and at terms & conditions agreed. • Outboard motor dropping off or falling overboard • Person affected • Liability to or incurred by any person engaged in water skiing or aqua planning • War and strikes risks • Machinery damage • Racing risks • Inland transit risksPremium rate for yachts and boats depend on age, construction, navigation, purpose of usage (private or commercial), passenger capacity, previous loss history etc.

yacht (Pleasure craft) InsuranceThis cover provides liability coverage on pleasure boats. Yacht insurance includes liability for bodily injury or damage to the property of others, damage to the Pleasure craft and to personal property on the craft. Depending on the insurance provider, this insurance could also include gas delivery, towing and assistance if your boat gets stranded.

AvIAtIonAviation Insurance indemnifies aircraft operators, helicopters, gliders and any gadget with wings against loss or damage to the hull of the craft, engines and machinery of the craft, to the passengers on the craft and third party damage to property. • Aircraft Hull & Liability (Including Passenger, Cargo, Spares & Third Party) • Aircraft Hull War & Allied Perils • Aviation Crew Personal Accident

haulier’s LiabilityThe Goods Transporters’ legal liability also called Haulier’s liability insurance named “Carrier’s liability” and it is directly attributed to owners of Transport Company. The Owners of Transport Company holds responsibility to transport the goods of third party from one place to another safely without causing any damage to the goods.

Freight Forwarder’s Liability (FIAtA)Freight forwarder’s liability insurance protects against the risk of transporting goods under the license of “forwarding” of goods by road and by sea includes the services of delivery of goods. Freight forwarders’ legal liability rest on transporting goods of the third parties also includes liability for payment of customs duties and taxes which are imposed by customs authorities on a freight forwarder placing the goods under transit procedure.

huLL & mAChInERy – vEssEL InsuRAnCE Sea- going vessels come under the Hull and Machinery insurance policy. The vessel insurance covers transportation risk exposed to perils, causing loss or of damage to the carried cargo, accidental collision damage to another vessels and liability risk to wards others property, injury to crew which can be covered under Protection & Indemnity (P&I), damage to harbour jettison, lost under extreme weather conditions.

Perils covered are Losses and/or damages caused by Perils of the Seas, Rivers, Lakes or other navigable waters, Fire, Jettison and Piracy, Contact with Dock or Harbour, Land Conveyance, explosions, Malicious acts, theft of the entire Vessel or its boat(s) or Outboard Motor(s) Latent defects in Hull or Machinery, Loss or damage to any other vessel or property Loss of Life, Personal injury or illness Removal or destruction of a wreck.

806 Platinum Business Centre, Al Nahda, P.O. Box: 233640, Dubai - UAE,Tel +971 4 2382036, Fax +971 4 2382037, Email: info@newshieldinsurance.com

LInEs oF busInEss • Motor Insurance • Medical Insurance • Travel Insurance • Life Insurance • Property – Commercial • Property – Residential • Money Insurance • Commercial General Liability – CGL • Engineering Insurance • Cargo Insurance • Hull & Machinery Insurance • Aviation Insurance PRoPERty InsuRAnCE(REsIDEntIAL & CommERCIAL) • Fire & Allied Perils • Property All Risks • Burglary and Theft • Business Interruption Loss • Money Insurance • Fidelity Guarantee Insurance • Bankers Blanket Bond (BBB) • Jewellers Block • Hoteliers & Shop Keepers

hEALth InsuRAnCE • Individual & Group Medical Insurance Plans • Personal Accident Insurance

CommERCIAL GEnERAL LIAbILIty (CGL) • Workmen Compensation • Employer’s Legal liability • Medical Mal-Practice (for Doctors & Practitioners) • Professional Indemnity (for Architects, Engineers & Lawyers) • Public & Products Liability • Directors & Officers’ Liability

EnGInEERInG InsuRAnCE • Contractors All Risks ( CAR) • Erection All Risks (EAR) • Contractors Plant & Equipment (CPE) • Machinery Breakdown • Electronic Equipment • Deterioration of Stock • Boiler Insurance • Off-Shore & On-Shore Construction Risks • Oil Platform Operational Risks

CARGo InsuRAnCE (GooDs In tRAnsIt) • Sea, Air & Road Shipments • Hull & Machinery (Marine) • Protection & Indemnity (P&I)

LIFE InsuRAnCE & WEALth mAnAGEmEnt • Group Life Insurance (Whole & Term) • Endowment policy • Money Back Money policy • Future Fund Management • Investment Linked Fund Management • Mortgage Insurance scheme • Key-man insurance scheme

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