Small & Medium Enterprise Insurance

SMEcare Products

Methaq's SMEcare, a comprehensive insurance solution for small and medium business enterprises. We offer you a variety of covers packaged into a single policy to satisfy your business insurance needs. You can obtain an instant quotation and buy your policy online via your intermediary.

Methaq SMEcare offers you five FIXED PLANS. In majority of the cases one of these plans will fit your business requirements. However, if you need further flexibility, we have designed a FLEXI PLAN option that will allow you to select the covers and sums insured as per your business needs

Our product comes with standard covers that are usually required for any small or medium sized business. Additionally, we offer optional covers that you can pick and chose to enhance the level of protection for your business.

Unique Benefits of our Standard and Flexi products:

  • Covers a wide range of risks
  • Multiple options for variations in sum insured such as floater policy, declaration policy, floater declaration policy
  • Specially designed plan that covers your business premises against burglary and housebreaking and housebreaking for money held in safes, beyond business hours
  • Host of extensions such as coverage for riot, strike, malicious damage and theft.
  • Comprehensive coverage for risks involving money and monetary transactions
  • Coverage at reasonable premium
  • Option to cover only selected machinery under the policy .
  • Option to choose sum insured for all risks based on type of industry


Start your SME insurance
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Standard Covers

Plan 1

Plan 2

Plan 3

Plan 4

Plan 5

Property
Contents 250,000 500,000 750,000 1,000,000 1,500,000
Portable/Mobile Equipment (worldwide cover) 25,000 50,000 50,000 75,000 75,000
Stock 25,000 50,000 100,000 100,000 200,000
Money
Money in transit 50,000 100,000 150,000 200,000 250,000
Money in business premises during business hours 50,000 100,000 150,000 200,000 250,000
Money In locked safe or strongroom 50,000 100,000 150,000 200,000 250,000
Money at employee's residence 5,000 10,000 15,000 20,000 25,000
Damage to safe or strongroom 2,500 2,500 5,000 10,000 10,000
Fidelity Guarantee
Fidelity Guarantee 50,000 100,000 150,000 200,000 250,000
Legal Liability
Workmen's Compensation As per UAE Labour Laws As per UAE Labour Laws As per UAE Labour Laws As per UAE Labour Laws As per UAE Labour Laws
Employer's Liability under Shariah Law and/or Common Law 1,000,000 1,000,000 2,000,000 3,700,000 5,000,000
Public Liability 1,000,000 1,000,000 2,000,000 3,700,000 5,000,000
Personal Accident
Death and Permanent Total Disablement cover age (for 5 named senior employees) 100,000 100,000 100,000 250,000 250,000
No. of employees not more than
No. of employees not more than 10 20 30 40 50
No. of employees not more than
Estimated Annual Payroll not more than 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000

Optional Covers

Plan 1

Plan 2

Plan 3

Plan 4

Plan 5

Property
Buildings 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
Additional Rent (12 months) 250,000 250,000 250,000 250,000 250,000
Increased cost of working (12 months Indemnity period) 500,000 500,000 500,000 500,000 500,000
Other interests (details to be advised) 50,000 50,000 50,000 50,000 50,000
Business Interruption (Annual Gross Income)
Business Interruption (Annual Gross Income) 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000
Machinery Breakdown and Deterioration of Stock
Machinery Breakdown 250,000 250,000 250,000 250,000 250,000
Deterioration of Stock 250,000 250,000 250,000 250,000 250,000
Electronic Equipment
Electronic Equipment 500,000 500,000 500,000 500,000 500,000
Electronic data and Electronic media 100,000 100,000 100,000 100,000 100,000
Increased cost of working 100,000 100,000 100,000 100,000 100,000
Product Liability
Product Liability 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000

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