Al Sagr Cooperative Insurance Co. (8180)

Overview

Al Sagr Cooperative Insurance Company is a provider of a wide range of insurance products and solutions, serving clients in the Kingdom of Saudi Arabia and Singapore. Established in 1983 and headquartered in Dammam, the company's operations are diversified across Medical, Motor, Property and Casualty, and Protection and Savings segments. Al Sagr Cooperative Insurance Company stands out for its comprehensive insurance offerings that cater to various individual and corporate needs, ensuring risk management and protection for a multitude of scenarios.

Products and Services

• Fire and Property Insurance: This category includes fire insurance, property all risks, electronic data processing, deterioration of stock, and business interruption insurance products. These offerings are designed to protect businesses against significant property damages and the subsequent financial losses that can occur due to fire, natural disasters, or technological issues.
• Marine Insurance: Marine cargo and hull insurance products are offered to cover the risks associated with marine adventures, protecting against loss or damage to ships and cargo.
• Engineering Insurance: This segment encompasses contractor's all risks and erection all risks, contractors' plant and machinery, machinery breakdown, loss of profit due to machinery breakdown, boiler and pressure vessels, deterioration of stock, and electronic equipment insurance products. These specialised insurances are aimed at addressing the specific needs of the construction and engineering sectors.
• Liability Insurance: Includes workmen's compensation, employer liability, public liability, and professional indemnity insurance. These products are crucial for businesses seeking to mitigate the financial repercussions of legal liabilities arising from accidents, injuries, or negligence.
• Energy Insurance: Al Sagr offers onshore and offshore energy insurance products, catering to the unique risks faced by the energy sector, including oil, gas, and renewable energy industries.
• Medical and Travel Insurance: The company provides medical insurance, travel insurance, and medical malpractice insurance products, offering individuals and organizations coverage for medical emergencies, travel-related issues, and professional healthcare liabilities.
• Miscellaneous Insurance: This category includes personal accident, money, fidelity guarantee, and burglary insurance. These various insurance products offer protection against a range of personal and business risks, from accidents and theft to dishonesty of employees.