Bazzoun Insurance Products & Services, Best services since 2007

Bazzoun Insurance Products & Services, Best services since 2007

Our ambition is to accompany you in life – giving you everything you need to have the courage to go forward. We offer our customers in Lebanon a wide range of products, services, and solutions in insurance and asset management.

Table of Contents

Motor Insurance

Our insurance advisors consult with you to create an tailor-made insurance package that protects what matters most to you. we provide covers for most types of vehicles used by businesses and Privately going from the Standard Third Party Liability Insurance, the Compulsory Insurance, the Collision Plan, and the Total Loss Plan to finally get to the Motor All Risk Insurance.

― Third Party Bodily Injury:

The most basic cover that protects against Bodily injury you may cause to another person. This policy is designed to comply with the compulsory motor insurance. The cover offered provides indemnity to third parties who suffer bodily injury or death (including medical expenses) as a result of an accident involving you client’s vehicle. No cover is provided for:

Damage to third party property
Bodily injury or death to members of the drivers (or the Policy Holder’s) immediate family.

― Third Party Property & material Damage:

The most basic cover that protects against the damage you may cause to another person’s vehicle
No cover is provided for:

Damage to the driver’s (or the Policy Holder’s) property.
Bodily injury or death to third party or policy Holder’s immediate family and drivers.

― Total Loss Cover:

Provides cover for a lower value vehicle, but still want cover against total damage, fire & total theft to your own vehicle.

― Collision Cover:

Collision coverage will cover the damage to your car if you are in an accident. Your insurance policy will not pay for damage to your auto caused by an event other than a collision, such as fire, theft or vandalism.

― Comprehensive (All Risk) Cover:

Provides the broadest level of protection – including:

Loss and damage caused to your own vehicle by Collision, theft, Hold-up, Terrorism & SRCC, or damage caused by storms, fires, or other natural causes. As well as damage you cause to another person’s vehicle, plus some extras like scratching and denting, road assistance, repair in the nearest dealer Service Department and car replacement.
Medical coverage pays for your medical bills (or your passengers’) if you’re in an accident, regardless of who is at fault. You can pick a range of coverage limits.
Passenger liability is critical if you ever plan on having a passenger on your car. You should strongly consider passenger liability insurance even if it is not required. This ensures your friends and family are protected.

2- Motorcycle Insurance

3- JET SKI Insurance

4- Leisure Boat and Yachts Insurance

Property Insurance:

Plan for the unexpected. If you having a property whether a home, condo or a business building that you have spent priceless years of your life seeking, is now worth ensuring with Bazzoun Insurance to help pay for repairs, replacement costs and extra living expenses if something happens to your home. Fire, wind, hail, lightning, theft—you’re covered. You’ll just have to pay your deductible, and your homeowners insurance policy takes care of the rest.

We offer both buildings insurance and contents insurance. In addition to our standard cover, we provide optional policy features which you can add to your policy for an additional cost. This way you can tailor the cover to suit your particular needs and budget.

Property Fire & Allied Perils Insurance:

This policy covers any damages resulting from Fire & Lightning or fire results from thunderbolt or fire following Explosion or Spontaneous Combustion.

Allied perils cover any damages resulting from the below perils:

Explosion including boiler explosion.
Earthquake, Storm tempest, Flood, Volcanic Eruption.
Impact by land vehicles.
Burst out and overflow of water pipes, tanks and apparatus.
Bursting or leakage of water from any Automatic sprinkler installation
Aircraft & any articles dropped there from.
Strike, riots and civil commotion (SRCC)
Burglary

Comprehensive policy that designed especially for factories and hotels that including the above perils Plus the below risks:

Machinery breakdown
Deterioration of stock inside the cold stores resulting from Machinery breakdown
Fidelity grantee
Cash in transit
General Third part liability
Debris Removal.
Business interruption

The premium is calculated per mill percentage according to the type of activity.

Property Political Violence Insurance:

Bazzoun Insurance offers insurance for assets that are exposed to war, terrorism and political violence attacks. We help companies navigate through dynamic, complex and ever-changing global threats while considering the implications of legislation.

COVERAGE

Act of Terrorism
Sabotage
Riots, strikes and civil commotion (SRCC)
Malicious Damage
Insurrection, Revolution or Rebellion
Mutiny and/or Coup d’état
War and civil war
Employee and general terrorism liability

Additional coverage extensions include:

Looting and pillaging
Terrorism liability
Contingent business interruption (CBI) extensions (denial of access, customers and suppliers, public utilities)
Bomb hoax

CLIENT PROFILES
Clients needing war, political violence or terrorism insurance coverage, ranging from small companies with single asset exposure to multinational companies with global exposure, including:

Property All Risk Insurance:

Property All Risks policy provides you with a broader coverage than Fire & Allied Perils Policy. This insurance policy covers accidental loss or damage to your insured property. The scope of cover is limited by a set of exclusions.

What is the difference between Property All Risk and Fire & Named Perils?

Major differences: Property All Risk covers claims resulting from direct or indirect damage to the property; whereas the Fire & Allied Perils policy covers claims resulting from a direct damage only such as a direct damage of a thunderbolt to the property and not fires due to a thunderbolt hit on the main electrical supply of the neighbourhood.

The Property All Risk policy covers can be extended, in addition to the fire and allied perils policy to include:

Forest Fires
Burglary by forcible entry
Hold Up
Accidental Damages to property
Strikes / Riots and Civil Commotions
Loss of profits business interruption
Loss of rent
Third party legal liability including the landlord’s liability towards tenants and the tenants liability towards the landlords
Malicious damage
Accidental damage to plate glass fixed to the building
Expenses incurred on removing debris following the loss or damage of the insured property
Fire brigade charges and extinguishing expenses
Architects, surveyors, legal and consulting engineering fees

Exclusions:
The Property All Risk policy has a specific list of excluded risks whereas the Fire and Allied Perils policy has a specific list of the covered risks. Some of the important exclusions are:

Electrical, mechanical breakdown
Deterioration of property due to change in temperature or humidity or inadequate air-conditioning, cooling or heating system.
Subsidence, ground heave, land slip, erosion, settling or crack-ins.
Damage to equipment during installation or dismantling operations.
Property in course of construction or erection.
Property in course of manufacture.
Money, cheques, securities of all kinds etc.
Contamination, pollution, wear and tear, corrosion.
Loss resulting from dishonesty, fraudulent action, infidelity.

Kindly note that the list above is not exhaustive. In order to get the full details of the coverage, please contact us to send you the policy wording.

Liability Insurance

What is Third Party Public Liability Insurance?

Third Party Public Liability Insurance protects you if clients or members of the public suffer personal injury or property damage because of your business. It can pay for the costs of subsequent legal expenses or compensation claims and is an integral cover for businesses that interact regularly with customers. A customer slipping or tripping over is one of the most common accidents in the book and can often result in a public liability insurance claim.

What does Third Party Public Liability Insurance cover?

Third Party Public Liability Insurance can cover compensation payments and legal fees if your business is found responsible for injury to a member of the public – such as a client, customer, supplier or passerby – or damage to their property or possessions.
For example, if a roofing company was hired to re-tile a roof but they didn’t use adequate weather protection, resulting in severe water damage, the client could make a claim against them for compensation to pay for repairing the damage. Public liability insurance ensures that the company can meet the cost of the claim, along with any legal expenses.

In summary, public liability insurance may typically cover for:

Compensation payments for injury or even death to members of the public (e.g. the cost of hospital treatment and ambulance call out)
Compensation payments for damage to their property or possessions (e.g. the cost of repairing the damage caused)
Legal expenses associated with defending a claim

Is Third Party Public Liability Insurance required by law?

Although Third Party Public Liability Insurance is not compulsory under Lebanese law, it may be required by your client contracts. Also bear in mind that some companies are obliged by their regulator or membership body to take out a certain level of business insurance.

Other special Third Party Public Liability Insurance

1- GTPL for Restaurants

Third Party Public Liability for restaurants covers the owner of the restaurant against

2- GTPL for Parking

Third Party Parking Liability covers the liability of the parking owner or Valet parking driver against any damage to a vehicle inside the parking lot caused by an accident.

3- GTPL Elevator (Lift) Liability

Elevator (Lift) Liability covers Accidental Bodily Injury caused to visitors, co-owners and residents inside the elevator

Workers’ Compensation Insurance

Workers’ Compensation insurance typically only covers injuries or illnesses when they occur as a result of duties performed on the job or while at work. Examples of injuries that may be covered by workers’ comp include injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.
Workers’ Compensation insurance from Bazzoun Insurance covers:

Accidental death indemnity
Partial &/or Total permanent Disablement
Medical costs
Daily indemnity

Who needs Workmen Compensation insurance?

Workers’ compensation insurance is a mandatory type of insurance required by law in Lebanon according to Labor Law Decree number 136 dated 16/09/1983, employers are liable towards their employees following any work related accident.
Workers’ compensation insurance can also protect your business from being sued by employees for workplace conditions that can cause an injury or illness.
Workers’ compensation programs do not provide coverage for injuries that occur while an employee is not acting within the scope of employment – such as playing football with friends on a day off.

School Liability Insurance

The purpose of a School Liability Insurance is to cover students towards bodily injuries, death, Total Permanent Disability or Partial Permanent Disability arising from accidents which they may suffer inside schools or during the time they are under the effective supervision of the school employees.

School Liability insurance from Bazzoun Insurance covers:

Accidental death indemnity
Partial &/or Total permanent Disablement
Medical, Pharmaceutical and Hospitalisation Expenses

With an additional premium, the “Personal Accident” coverage can be extended to the following benefits:

Students Accidents 24/7 Within Lebanese territory
School employees
Trips and school activities during the summer or during public holidays.

Nursery Liability Insurance

Why do Nurseries and daycare centers need insurance?

Caring for someone else’s child is a tremendous responsibility. There’s always the possibility of a child being injured. Nursery Liability insurance provides peace of mind and financial protection from injuries, lawsuits, and accidents.

What insurance policies can nurseries take out?

All Lebanese registered nurseries are required by Decree No. 12286 (Dated 15/04/2004) to have Nursery Liability insurance covering:

Accidental death indemnity
Partial &/or Total permanent Disablement
Medical, Pharmaceutical and Hospitalisation Expenses

What non-required nursery insurance policies are useful?

General Public liability insurance covers legal liability in various situations like injury to a member of the public (a parent or nursery visitor) or damage or loss to a third party’s property.
Property insurance Protecting the building, premises and contents of the nursery.
Workers’ Compensation insurance to cover injuries or Disabilities to your employees.
Professional liability insurance: to cover legal defense costs if a child care provider is sued for a mistake, such as lack of supervision that leads to an injury or Food poisoning and the like.

Product Liability Insurance

Professional Liability Insurance

Hunter’s Liability Insurance:

Pursuant to Decree No. 11987 issued by the Ministry of Economy and Trade, and pursuant to Law No. 580 dated 25/02/2004 (hunting rules & regulations), Bazzoun Insurance provides you with an insurance covering the Insured’s liability as a result of hunting.

Cover granted will be in respect of Bodily Injury and Material Damage to third parties resulting solely from the practice of hunting at authorized sites, during the hunting season from the 15th of September till 31st of January of every year and will be restricted to hunters holding a legal hunting permit and a licensed hunting weapon.

The risks covered are:

Death.
Permanent, partial or total disablement.
Medical Expenses.
Material Damage and animals injury.

Drone Insurance

Healthcare Insurance:

Our healthcare plans are selected to suit a range of different needs. Whether you want to look after your own health, the health of your family or even the health of your employees. For a range of budgets, we offer cover to fit you.

Healthcare for individuals

An individual health insurance policy can provide coverage for one individual, an individual and his/her spouse, or an entire family.
We offer a variety of flexible and affordable individual health insurance plans providing both In-Hospital and Out-Patient Covers in all hospitals of Lebanon with flexibility to choose the level of coverage and class of hospitalization according to your needs.

― In-Hospital Cover: this cover shall apply in the event of health conditions requiring hospitalization, and/or emergency services and/or in-hospital surgery/procedures.

― Out of Hospital Cover: Out of hospital benefits are services such as physician consultation, pharmaceuticals, diagnostic tests which do not require hospitalization or in-hospital treatment/observation.

― Added Value Coverage: International Coverage, Personal Accident Cover, Out-Hospital Doctor’s Visit.

You can leverage our experience in selecting plans that meet the unique needs of different individuals and families. We will help you find a plan that meets your needs and gives you peace of mind. We look forward to providing a competitive health insurance plan for you and your family.

You may want to extend your cover to travel overseas and add cover for things like dental care and physiotherapy.

Life Insurance:

Life insurance isn’t for you—it’s for your family. Life insurance offers financial protection to your dependents in the event of your death.
The financial future of your loved ones can be secure with the right life insurance policy. An untimely death can leave the burden of paying numerous expenses on your family. Life insurance helps alleviate this burden by paying money directly to your beneficiaries. It can help cover your family’s daily living expenses and help them maintain their standard of living. It can be used to fund childcare and education and to pay off outstanding household debts, including credit cards, automobile loans, and mortgages.

Rates vary depending on the type of life insurance coverage you choose and the length of time you wish to be covered. In addition, rates are typically lower the younger and healthier you are when you purchase the policy.

Term Life Insurance:

Term Life Insurance is primarily used for temporary coverage and is typically purchased for a specific amount of time. Once a term life insurance policy expires, you must re-qualify for coverage based upon your current age and health conditions.

The premiums on the renewal policy will most likely be higher due to increases in the age of the insured. Benefits from a term life policy are paid to the beneficiaries only if the insured dies within the specified period of time for which the policy was written. Term life insurance does not build a cash value.

Critical illness Insurance:

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you. Critical illness insurance offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment.Critical illness insurance can help you:

Reduce debt and other financial concerns while you cope with your illness.
Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you.
Bring in additional help at home for you and your family.
Consider new medical treatments and medications not covered by private or government health insurance plans.

Retirement Insurance:

A pension is a way of saving for your retirement – the earlier you start, the easier it’ll be. There are two types of pension:
— Workplace pension: Payments can be made by both you and your employer (yours coming from your salary). What you get back depends mainly on how much has been paid in and how your investments perform.
— Individual pension: You choose when to contribute, and how much to pay in. What you get back depends mainly on how much has been paid in and how your investments perform.

Other Insurance

Everything Else – find out which one you might need depending on your circumstances such as Money Insurance, Marine, Personal Accident, Contractors’ Insurance, Marine.

Travel Insurance:

Travel Insurance plans are an essential travel protection especially created to cover emergencies and unexpected occurrences during a scheduled trip abroad. These insurance plans with medical coverage fit to the need of every traveler, and can be used for all types of travel such as tourism, business or study. These travel insurance include coverage for:

Medical repatriation in case of illness or accident
Medical expenses & hospitalization abroad
Repatriation in the event of death
Loss of registered baggage, damage or theft
Delay of registered baggage
Flight delayed (usually more than 4-8 hours)
Travel accident
Dental care emergency
Personal liability Trip cancellation
This product abide the Schengen Visa conditions

PS: Covers may vary depending on the insurer terms and options chosen.

Schengen Visa

The Schengen Visa allows the holder to a total stay of up to 90 days within a period of 6 months for tourist or business purposes. If you get a multiple entry Schengen visa, you may leave and return any number of times within the 180-day period, but the combined stay within the region must not total more than 90 days. You need to apply for a Schengen visa if you are a citizen of a counter whose citizens are subject to the visa requirement.

Money & Fidelity Insurance:

Money Insurance policies cover you against loss of Cash, Currency Notes, Coins and Securities for Money, Postal Orders, Stamps, and Cheques whilst in transit to final destination and/or in locked safe.

While the Fidelity Insurance policies covers organizations from loss of money, securities, or inventory resulting from employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud and other criminal acts.

Personal Accident (P.A.):

Selecting the right coverage for your needs

Personal Accident Insurance is an annual policy that provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. You can be insured under such a cover individually or as a family. It provides a 24 hour, worldwide insurance protection, to include death, permanent total & partial disability, weekly indemnity due to a temporary disability in addition to medical expenses all resulting from an accident.

Foreign Workers Insurance:

Taking good care of your workers is a human right. Not only will it ensure the success of your business operations but also it will take care of the needs of your foreign workers. Foreigner Insurance product is intended to provide foreigners working in Lebanon a comprehensive coverage for medical and surgical in hospital treatments while protecting your business from interruptions in the event of illnesses or accidents and meeting the Requirements of the Ministry of Labor in Lebanon.

The risks covered are:

Hospitalization in case of accident or sickness.
Permanent, partial or total disablement due to an accident.
Repatriation in case of death.
Repatriation costs in case the expatriate is forced to leave the country due to: .
- Death of the employer
- Employer’s declared bankruptcy
- Medically proven chronic disease of the expatriate
- Judicial sentence to deport the expatriate

Contractors’ Insurance and Engineering Risk:

Designed to cater for the needs of the Building Sector, this Branch offers a wide range of products, some of which are:

Contractors’ All Risks Insurance (C.A.R)

Contractors’ all risks (CAR) policy is specifically designed to protect the interest of contractors, principals, sub-contractors, in respect of civil engineering projects like construction of buildings, bridges, road works, etc. It provides an “all risk” cover. Every risk is covered unless it is specifically excluded.

C.A.R policy is an all risks policy specially designed to cover losses/damages to predominantly civil engineering construction projects. This policy can be issued in the joint names of the contractor & the principal to comply with the insurance requirements of the contract.

Contractors’ Plant & Machinery Insurance (C.P.&M)

This insurance covers the unforeseen and sudden physical loss or damage to construction machinery and equipment used by the contractor within the work site, whether these items are at work or at rest or being dismantled for cleaning or overhauling or in the course of the aforesaid operation or in the course of subsequent re-erection after the operation has been tested successfully.

Erection All Risks Insurance (E.A.R)

This insurance covers the risks associated with storage, assembly/erection and testing & commissioning of plant and machinery. Erection all risks insurance cover provides a comprehensive cover and all perils are covered unless specifically excluded. The policy can be extended to cover third party liability and other exposures.

Cargo Insurance:

Your goods are protected by your insurance when they are on your property, but what happens to these goods while being transported ?

The cargo insurance is designed for that, by protecting your goods during their road, maritime or air transport. The cargo insurance will protect you against most of the possible damage and also can include loading and unloading.

Your Bazzoun Insurance agent is here to make sure your cargo insurance does its job: keeps you protected in case of an accident. As an insurance Broker, we can do the shopping for you, apply applicable discounts, and – most importantly – make sure you have the right policy for your situation