SME INSURANCE WITH ALFRED
Your business might be a Small or Medium Enterprise by definition but make no mistake, “SMEs” are “big business” in the UAE: especially here in Dubai, where over 51% of the workforce is employed by one!
From coffeeshops to clinics, restaurants to retailers, and salons to supermarkets, there are thousands of established, successful SMEs and countless new enterprises joining them every day. Whatever your business, you’ll need to protect it and that’s where InsuranceMarket.ae can help!
We’ll email a comparison table, help you choose and email your policy!
WE WORK WITH THE LEADING LEADING SME INSURERS IN THE UAE
At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helping customers with their Insurance needs, and over these years have built great partnerships with the leading and most respected SME Insurers in the Dubai/UAE market: big names such as AXA, RSA, Oman, AIG and many more. Our relationships and reputation mean we can secure great deals, discounts and covers that are the best in the market and pass all these benefits on to you!
WHAT TYPE OF SME INSURANCE DO I NEED?
This would depend on both the nature of your business, the items you are looking to insure and their values and whether you have any employees you are responsible for. Broadly speaking, the simplest way of covering your business and the risks it faces is to take out an SME “Package” policy. This is a Commercial insurance specifically designed to protect small medium enterprises from the most commonly occurring risks under one convenient“umbrella” product.
WHAT DOES SME INSURANCE COVER?
Cover will of course vary depending on the type of policy you select, but if we consider a typical SME “Package” Insurance, your policy will typically include:
Property insurance (covering Buildings, Contents, Stock, Equipment against material damage, loss or theft)
Business Interruption (cover for loss of gross profit following an insured event of loss &/or damage to property insured
Money (whether on the premises or in transit)
Goods In Transit (items being transported by road between locations such as shop or warehouse)
Employee Dishonesty (theft of money and/or goods)
Personal Accident
And often much more besides!
WHAT IS NOT COVERED UNDER YOUR SME INSURANCE?
We’d like to assure you that there is more covered than not, but like most insurance products, an SME Insurance won’t cover everything and all eventualities. It should be noted that there are some losses or costs that typically will not be included in the Policy and these are generally common to all SME Insurers. Typical examples include:
Wear and tear to your contents and equipment (dents, scratches, chips, discolouration or holes for example)
Any loss or damage caused by a gradually operating cause (think a small, gradual leak caused by a hole in a water pipe or leaking joint in a heating system pipework that causes damp to a wooden floor that then collapses through rot)
Any costs you have incurred in improving your business premises after suffering a loss (insurance seeks to put you in the same position that you were prior to suffering a loss; any improvement is seen as “betterment” and this is not covered)
Loss of items through “walk-in” theft: for example, a customer walking into a supermarket and stealing a bar of chocolate from the shelf.
Any deterioration in the condition or age of an item which affects its value (depreciation) or corrosion/rust etc.
Loss of profits if not directly linked to a loss caused by an insured peril or event (for example loss of profit following a decline in trade is not covered).
WHAT ADDITIONAL COVER OPTIONS AND UPGRADES ARE AVAILABLE?
Some Insurers also offer dedicated, specialist policies catering for specific industry segments, such as Education, Healthcare clinics and Retail insurance cover. These policies still operate on a package basis but include a suite of insurances to suit the unique operational/trading needs of these businesses.
FIND THE BEST DEALS ON YOUR SME INSURANCE WITH ALFRED
Finding the right SME insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as insurance advisors: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.
The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading home insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!
WHY CHOOSE SME INSURANCE WITH INSURANCEMARKET.AE
At InsuranceMarket.ae, we provide an unmatched customer experience and really understand the needs of the modern business customer. Here are just 5 reasons why you should choose us to help you find your ideal SME insurance:
21,000 Google reviews and 4.8 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!
Dedicated insurance advisor to help answer your questions and help you with your purchase
Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most
Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust
Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!
25+ years of UAE insurance experience
Dedicated insurance advisor to answer all your questions
Simple and fast claims process
Highest rated insurance provider in the UAE
WHAT DO I NEED TO GET A SME INSURANCE QUOTE?
Getting an SME insurance quote with us is simple and stress-free. If you can provide us with a few pieces of key information, we’ll take care of everything and come up with a range of quotes for you to consider.
Of course, we will need the basics such as your contact details (name, phone number, address and email) as well as a few pieces of key information that would help us find the right SME insurance policy for you, such as:
If you own or lease your premises
Type of business you operate: for example, shop, salon, office, clinic, etc
How many years you have been in business or if a new venture, how much experience you have in that type of industry
What are you looking to insure: Buildings, Contents, Stock, employees (how many and what do they do)
The various insurable values/limits of benefit that you would like to apply to these different coverages
HOW TO COMPARE SME INSURANCE QUOTES?
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SME Insurance doesn’t need to be complicated but sticking to one option just isn’t enough and whilst two can be twice as nice, we believe in the power of three: that’s why we send you at least that many quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.
Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.
If you have purchased SME insurance before, check the cover provided against your previous policy. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.
Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them but they do count!
HOW CAN I GET LOW COST SME INSURANCE?
There’s no magic formula for getting value for money SME Insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:
Never buy insurance at the last minute. Give yourself plenty of time to consider the coverage you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!
Don’t be tempted to “go it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our Insurance Advisors are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!
Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and work with you to find the best cover for your budget.