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Nasco Gulf specializes in providing comprehensive and flexible insurance policies for all corporate insurance needs. Backed by personalized service and tailor-made policies with a cost-effective premium, Nasco has remained on par with the UAE’s phenomenal economic growth and its evolving needs.

 

The Nasco Gulf Team is passionate about their business; it is because of their dedication, integrity and professionalism, that we continue to achieve our goals. As we look into the future, it is essential to pay tribute to the founders of the Nasco Insurance Group, the Nader and the Karaoglan families. Without their vision, guidance and ambition, the dream would never have been realized.

 

We are proud to be the agent of Emirates Insurance Company, one of the leading insurers in the Gulf, and with whom we have enjoyed a long and prosperous association in the UAE.

+971 4 351 8610
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FAQs
Why we do we require a Workmen’s Compensation Policy?

Workers in any organization are exposed to work-related accidents.

The Federal Law of UAE has cast a responsibility on employers to compensate employees in case of accidents arising out of and in the course of their employment.
What benefits are offered under Workmen’s Compensation Policy?

As per U.A.E. Federal Law No. 8 of 1980 and subsequent amendments, an employer shall compensate his employees for any work-related accident causing:

 

  • Death
  • Physical injury
  • Disability
  • Loss of earning
  • Medical expenses towards complete recovery up to a limit of AED 7,500 only.  
What is covered under the Personal Accident Policy?

This policy covers the following losses resulting directly and independently of all other causes from bodily injuries caused by accident:

 

  • Death
  • Permanent Total Disability
  • Temporary Total Disability
  • Medical expenses

 

Repatriation expenses for transporting mortal remains
Why do we require Political violence Insurance?

The rapid economic growth and modernization of emerging markets attracts companies looking to expand their business. However without risk, there is no reward, and companies need to protect themselves against the potential political, financial and reputational exposures of conducting business in these emerging markets.

Political risk insurance can provide the protection investors, financial institutions and corporate clients need to safeguard their investments in overseas markets against unpredictable losses due to specified political risk perils.

This policy is suitable for the following:

 

  • Corporations and traders with overseas investments
  • Financial institutions
  • Specific projects
  • Traders, exporters and corporations that have a repayment obligation from the sovereign or state owned enterprise
  • Exporters and contractors who have mobile equipment
  • Multi laterals and export credit agencies.
  • Contractors
  • Aircraft financing and leasing companies
  • Exporters
  • Traders 
What is covered under Political Violence Insurance?

The following risks are covered:

 

  • Political violence, such as revolution, insurrection, civil unrest, terrorism or war;
  • Governmental expropriation or confiscation of assets;
  • Governmental frustration or repudiation of contracts;
  • Wrongful calling of letters of credit or similar on-demand guarantees;
  • Business Interruption;
  • Inconvertibility of foreign currency or the inability to repatriate funds.
  • Sovereign payment default
  • Strikes, Riots and Civil Commotions
  • Malicious damage
  • Non-repossession of aircraft and mobile equipment
  • Pre-shipment risks
USER'S AREA
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TIPS
Always renew your property insurance for its current replacement value and not for the initial purchase amount.
EMERGENCY NUMBERS
+971 50 454 6974Motor Claims
+971 50 654 1510Motor Dept
+971 56 696 8867Marine Dept
+971 50 454 6972Non-Marine Dept
999/901Police
998/999Ambulance
997Fire Department
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