Insurance rules in Umm Al Quwain Free Trade Zone

Who runs Umm Al Quwain Free Trade Zone?

What insurance and guarantees do companies in Umm Al Quwain Free Trade Zone need?

Other

• If you are licensed or a tenant in Umm Al Quwain Free Trade Zone, you must hold and maintain the insurance your licence, lease and the zone's regulations set out, and every policy must name the free zone authority as a co-insured party.¹

Contents

• If you are licensed in Umm Al Quwain Free Trade Zone, you must maintain your own insurance, on the terms of your lease, covering the contents of any leased property and your vehicles.¹

Contractors' all risks

• In Umm Al Quwain Free Trade Zone, sub-contractors and any other legal or beneficial owners of plots of land under development must hold valid contractor's all risks and third party insurance on terms the free zone authority accepts, and give the authority a copy on reasonable written notice.¹

Property all risks

• If you build or put up premises in Umm Al Quwain Free Trade Zone, you are responsible for insuring them for the replacement cost of the structure, fixtures and fittings, and you must present the policy before the zone issues the certificate its regulations call the BCC.¹

Third party liability

• If you are licensed in Umm Al Quwain Free Trade Zone, you must hold and maintain valid third party liability or public liability insurance for your business operations, to the limits the free zone authority advises, from the start date of your licence.¹

Workmen's compensation

• If you are licensed in Umm Al Quwain Free Trade Zone, you must hold and maintain valid workmen's compensation insurance covering permanent injury or disability and all related medical expenses, in line with the zone's Employee Regulations.¹

Visa deposit

• For each employee the Umm Al Quwain Free Trade Zone authority sponsors for you, you must provide a cash deposit of a sum and on terms the authority sets from time to time, which can be forfeited if you close or leave end of service dues unpaid, and sign a personnel secondment agreement with the authority.¹

Do you need health insurance for your staff in Umm Al Quwain Free Trade Zone?

• If you are licensed in Umm Al Quwain Free Trade Zone, you must buy and maintain medical insurance for all your employees in line with the applicable law, and give the free zone authority evidence of a valid policy on request.¹

The rule for employers across Umm Al Quwain is on the Umm Al Quwain page.