-He will invite the quotes from various insurance companies and evaluate the offers provided vis-à-vis the risk and will recommend the best Offer and the best Insurance Company suitable to provide the Insurance coverage. He knows the best type of policy needed to insure the property belonging to the Company – Physical as well as human. He should be familiar with the Market Mechanics and get the quotes from right Insurance companies at right times. This will provide adequate coverage at a reasonable cost, thereby saving in terms of money.
-He should be familiar with all kinds of insurances and their claims procedures in respect of vehicles, property and other assets, construction projects, erection risks, machinery insurance, Liability insurances, workmen insurances vis-à-vis GOSI, Plant and equipment insurance, and employee insurance. He should be more familiar with the Compulsory Health insurance set by the Government and procedure for compulsory motor insurance requirements.
-He should make sure that suitable and economical insurance package is prepared for the benefit of the Company covering the right type of the risks. He will take responsibility to insure all Company assets and ongoing projects. He should able to advise on the requirements for self Insurance, where necessary.
-He should co-ordinate with the Insurance companies in respect of Mandatory Insurances so that the employees are put on the government website on timely basis, in-order to avoid delays in Iqama renewals and processing. On motor, projects and Bank L/C's or loans suitable follow-up of certificate of insurance is taken care of.
-Time to time Insurance Companies survey the premises to make sure that Risk Management is complied with. His duty is to ensure that the Company is fully complied with Insurance Companies recommendations and also the recommendations of governmental bodies like Governmental Fire Department, Industrial Area Safety Department etc. in respect of Risk recommendations.
-He will actively involve in the pursual of Insurance claims. Pro-active approach in this will save the company lot of money as there will be less rejections. He will be responsible with liasoning with the Insurance Company and the internal departments of the Company.
-He should be familiar with all kinds of insurances and their claims procedures in respect of vehicles, property and other assets, construction projects, erection risks, machinery insurance, Liability insurances, workmen insurances vis-à-vis GOSI, Plant and equipment insurance, and employee insurance. He should be more familiar with the Compulsory Health insurance set by the Government and procedure for compulsory motor insurance requirements.
-He should make sure that suitable and economical insurance package is prepared for the benefit of the Company covering the right type of the risks. He will take responsibility to insure all Company assets and ongoing projects. He should able to advise on the requirements for self Insurance, where necessary.
-He should co-ordinate with the Insurance companies in respect of Mandatory Insurances so that the employees are put on the government website on timely basis, in-order to avoid delays in Iqama renewals and processing. On motor, projects and Bank L/C's or loans suitable follow-up of certificate of insurance is taken care of.
-Time to time Insurance Companies survey the premises to make sure that Risk Management is complied with. His duty is to ensure that the Company is fully complied with Insurance Companies recommendations and also the recommendations of governmental bodies like Governmental Fire Department, Industrial Area Safety Department etc. in respect of Risk recommendations.
-He will actively involve in the pursual of Insurance claims. Pro-active approach in this will save the company lot of money as there will be less rejections. He will be responsible with liasoning with the Insurance Company and the internal departments of the Company.
