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“Sustainable relations of mutual trust combined with hard work allows speed to action, in standard and unique situations alike”.

Unrivalled & Diverse Array of Insurance Services

“Sustainable relations of mutual trust combined with hard work allows speed to action, in standard and unique situations alike”.

About Gulf Coverage

Headquartered in Jeddah, Gulf Coverage was proudly founded in 2011 by Mr. Faris Esmat Al Saady and Mr. Ibrahim Fanj who had a vision to nurture long-standing and streamlined relations across industries.

Gulf coverage manages portfolio of 180 Million SAR in Saudi Arabia, within it 100M medical insurance and 80 M General and motor insurance.

Mr. Faris Esmat Alsaadi
Founder, Chairman, CEO

Mr. Faris has been chairing a number of companies since 2011 and serving on various other Contracting, Transportation, and Insurance Boards

Mr. Ibrahim Fanj
Co-founder, Partner

With more than 22 years of experience in insurance brokerage, Mr. Ibrahim managed his way through the industry with excellence and professionalism, Partnering with other insurance brokerage companies.

Group Health Insurance
Group Health Insurance

All customary medical expenses incurred during hospital confinement for surgical or medical treatment, including:

  • Maternity: Normal and caesarean delivery, legal abortion and miscarriages

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Aircraft Hull & Liability
Aircraft Hull & Liability

RISK COVERED:

  • Aviation and Aerospace Overview
  • Aviation Products & Completed Operation Liability…

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Comprehensive General Liability
Comprehensive General Liability

The General Liability policy would provide insurance cover for liability to pay damages and costs from the following:

  • “Injury” means death, bodily injury or disease or to any person.

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Contractors Plant and Machinery
Contractors Plant and Machinery

RISK COVERED
The policy covers two sections:

This policy covers sudden, accidental, and external damages to the machinery insured, due to any cause other than what has been specifically excluded from the policy. The policy covers machinery used…

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Event Liability
Event Liability

RISK COVERED:
Revenue or expenses from an event against cancellation, postponement, curtailment, relocation or abandonment of the event due to reasons beyond the control of the event organizer…

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Workmen's Compensation
Workmen's Compensation

Workmen’s compensation is designed to protect both the employee and employer and also eliminates the need for litigation action by providing an agreed approach to resolution.

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Travel Insurance
Travel Insurance

A program duly approved by the Shraiah Committee for the provision of insurance cover for travelers on international flights in respect of the risks related to travel outside Saudi Arabia, as the travelers may suffer losses due to a series of incidents such as the cancellation…

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Property All Risk
Property All Risk

SECTION I : Material Damages
Material damage cover insures the physical assets of the business against accidental loss or damage. It is often purchased as part of a broader business insurance solution and includes both Indemnity and replacement covers…

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Professional Indemnity
Professional Indemnity

RISK COVERED:

Professional Liability/Indemnity is protection for professionals to cover liability as a result of errors and omissions they commit during the course of their work…

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Life Insurance
Life Insurance

RISK COVERED:

  • Death of Any Cause – DAC
  • Accelerated Death or terminal Illness Benefits

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Personal Accident
Personal Accident

This policy covers death / disability arising out of an accident. The cover can be given on a 24 hour basis and a worldwide basis as well to employees during their vacation / business trips. Disability cover is also available for permanent total…

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Money Insurance
Money Insurance

RISK COVERED:
Loss of money in transit by the Insured or insured party’s authorized employee(s), due to robbery, theft or any other fortuitous cause. Disappearance of money from safe due to burglary, housebreaking, robbery or hold-up…

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Motor - Comprehensive
Motor - Comprehensive

Motor Comprehensive: For all on-road vehicles to provide pecuniary protection against physical damage and body injury which resulted by a road collision, indemnifying the insured towards their liability…

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Motor - Third-Party Liability
Motor - Third-Party Liability

Motor TPL: Motor Third Party Liability is mandatory cover for all motor vehicle under KSA Law. The liability of the insured against bodily injury and material damage towards; vehicles and passengers, pedestrians & property incurred damage to…

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Medical Malpractice
Medical Malpractice

RISK COVERED

  • While diagnosing
  • When giving treatment recommendations
  • When prescribing medicine…

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Marine Cargo (Sea, Air & Land)
Marine Cargo (Sea, Air & Land)

RISK COVERED:

  • Sea perils
  • Fire & explosions
  • Violent theft…

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In Land Transit
In Land Transit

RISK COVERED:

The policy covers the losses occurring to the goods during transport by road owing to an accident covered by the insurance and resulting in overturning, fire or collision of a vehicle with a carrier, leading to damage of the cargo loaded…

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Marine Hull
Marine Hull

This type of insurance provides covers against loss and/or damage to vessels/ ship’s hull and machineries, materials and other equipment of the vessel including collision/TPL risks…

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Erection All Risk
Erection All Risk

RISK COVERED:
Coverage is on an ‘all-risks’ basis, including:

  • Fire, lightning, explosions, aircraft damage o Riots, strikes, malicious acts
  • Floods, inundation, storm, cyclone and allied perils…

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