Property All Risk Insurance for shops in Dubai Mall

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Property All Risk Insurance for shops in Dubai Mall

Shops In Dubai Mall

If you are a proud owner of a shops in Dubai Mall you are lucky. But make sure your luck is not overshadowed by the damages and losses which may occur in your shop in Dubai mall. 

Dubai Mall Shop Insurance

Shops In Dubai Mall Insurance Requirements

Usually property all risk insurance is enough to the owners of shops in the mall. But Dubai Economic Department (DED) takes safety to the next level, to provide safe heaven to owners and visitors. There are other insurances which are required by the DED in order to obtain your Shop permit in Dubai mall.

  1. Property All Risk Insurance
  2. Business Interruption Insurance
  3. Third Party Liability Insurance
  4. Workmen’s Compensation Insurance

These are the 4 insurances combined, which are required by the Malls In Dubai. We will discuss them above in detail and also how you can get insurance for your shop in Dubai Mall.

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1- Property All Risk Insurance

Property All Risk Insurance covers all damages and losses caused to the insured. It is an extensive insurance policy than Fire Insurance. It has many covers but most importantly it covers two policies in one coverage. The above are the list of Coverages.

  • Fire damages
  • Third party Liability towards Landlord
  • Natural Disasters
  • Loss Of Rent
  • Fire Brigade Charges
  • Loss of Profit (Business Interruption)

As mentioned in the covers, Business Interruption is already covered in property all risk insurance. The owner does not need to get a separate cover for Business Interruption Insurance.

2- Business Interruption Insurance

Business Interruption Insurance covers the income lost due to physical closure of the shop. It may be due to damages in the shop resulted from fire or natural disaster. The estimated income is achieved by going through the previous months record books. To conclude, Property Insurance covers physical damages and business interruption covers income that was being earned.

3- Third party liability Insurance

An injury or damage caused to a Third party is covered in this insurance. It can be a damage resulting from fire to the landlords property, which is the shop structure itself. Or customers getting injured within the shop due to a pointed edge rack , falling inventory , wet floor without sign , etc.

In case of Fire, the tenants responsibility towards the landlord is to give the shop back in the same condition as the tenant was given by the landlord. This policy shall compensate by renovating the shop and its structure as it was before. Moreover, the affected neighbors are also compensated.

4- Workmen’s Compensation Insurance

Workmen’s Compensation Insurance covers medical costs of injury towards workers. It secures the employer and employee in case of any mishap or accident while on job. It helps workers to get proper medical attention required at the time on incident as the employer can get the medical expense amount reimbursed. Subsequently, it helps employers/owners from any legal consequences if found negligent in an accident.

Insurance for Shops in Malls

Why Insurance is important for Shops In Dubai Mall

Dubai Mall is lucky for your business but because of the plethora of shops which are located there, it is a potential danger for different kind of damages as well. In case something happens out of natural disasters or human errors, earthquake, volcano, tornado, strike, riots, protests or air strikes a havoc can be wreaked in the shops and adjacent areas. The surest way to be safe is through getting proper insurance which is recommended by Dubai Economic Department (DED).

Make sure you get in touch with Dubai online insurance before you set up your shop in the prestigious Mall of Dubai. It is always better to be safe than sorry. 

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Our Services

Dubai online insurance has been in the insurance business for long and over the course of years. Hence, we have successfully devised many insurance policies for our clients. We have issued insurances to our customers in Deira City Center , Sharjah City Center , Mall of the Emirates , Sahara Center and various other malls and Hotels. Get in touch with us to secure shops in Dubai Mall.

We as an Insurance(Tameen) specialist, specialize in the following areas :

We provide other covers beside these, also if you have any queries feel free to contact us, and we will designate an insurance specialist to you who will guide and answer your questions. Our fast, efficient, courteous team will be at your service.

Contact Us

Email :

Tel : 050 717 9800


1 Comment

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