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renew health insurance or face fine
If you have not kept the health insurance policy renewed as prescribed by the law you will have to pay fines. Dr Haidar Al Yousuf, Director of the Health Funding Department at the Dubai Health Authority (DHA) was quoted by media as saying that sponsors and company owners who violate the Dubai Insurance Law by not renewing their employees’ and dependents’ insurance will be fined AED500 per person per month as per Law 6 for the year 2017. The fine will be deducted automatically via the electronic system when the visa is renewed. Al Yousuf also said that 14 pharmacies and clinics were fined between AED20,000 and AED60,000 for violating ...

professional indemnity insurance cover in the uae
“To err is human” but in a highly competitive professional world, the margin for errors is very thin. A recent example is a Dh50million suit for compensation by a leading bank against a hotel. Ask any lawyer and you are bound to find a long list of civil suits. The issue becomes more serious when accusations of negligence are made against professionals. Professional Indemnity Insurance covers such as doctors, architects, engineers, lawyers, financial consultants, chartered accountants and contractors, can make errors while discharging their professional responsibility. Doctors are exposed to the risk of claims due to neglect, wrong treatment or diagnosis; engineers for faulty designs; lawyers for wrong advice etc. The professionals could find ...

when business is interrupted
The going may be good for your business, and thriving too. But things can go haywire abruptly, from a disastrous fire or any natural calamities, bringing despair and losses, making it impossible to continue trading. Not necessarily, if you have Business Interruption Insurance which covers the loss of gross profits (GP) that a business suffers after a disaster like fire or other catastrophes. The GP loss covered may be due to disaster-related dip in business turnover. Most standard property insurance policies taken by businesses cover only loss or damage to tangible items such as equipment and inventory, warehouses, office or store. Business Interruption Insurance differs from property insurance and the additional ...

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