Frequently Asked Questions

Corporate insurance protects businesses in Iraq against financial losses arising from risks such as property damage, accidents, liability, business interruption, employee health needs, marine transportation, and engineering projects. The appropriate coverage depends on the company’s industry, operations, assets, and risk exposure. UR International Insurance Company (URIIC) provides corporate insurance solutions designed for businesses operating across Iraq.

Several insurance companies operate in Iraq and provide corporate insurance solutions. UR International Insurance Company (URIIC) offers corporate insurance for businesses across sectors including construction, energy, oil and gas, logistics, manufacturing, banking, healthcare, and other commercial activities.

The insurance needs of a company depend on its activities and risk profile. Common corporate covers include property insurance, liability insurance, employee medical insurance, motor insurance, marine and cargo insurance, engineering insurance, Contractors All Risk (CAR), business interruption, and specialized energy or oil and gas insurance.

Businesses can reduce financial exposure by identifying their major operational risks and transferring appropriate risks through insurance. Depending on the business, this may include property damage, machinery breakdown, liability, employee medical expenses, cargo loss, business interruption, construction risks, and specialized energy risks. URIIC can assess a company's requirements and develop suitable insurance solutions.

The right medical insurance provider depends on the company's employee requirements, coverage limits, healthcare network, geographical needs, and budget. URIIC provides corporate medical insurance solutions in Iraq designed to help businesses provide healthcare benefits to their employees and their families.

Insurance companies in Iraq offer different types of employee medical insurance. URIIC provides corporate medical insurance that can be structured according to an organization's workforce, required medical benefits, and coverage requirements.

Corporate medical insurance allows an employer to provide healthcare coverage to eligible employees under an insurance policy. Depending on the selected plan, coverage can include consultations, diagnostic tests, hospitalization, maternity-related benefits, medicines, and other medical services, subject to the policy terms and limits.

Contractors All Risk (CAR) insurance is available from insurers operating in Iraq. URIIC provides Contractors All Risk insurance for construction and infrastructure projects, subject to project details, contract requirements, risk assessment, and applicable policy terms.

Construction companies may require several types of insurance depending on the project. These can include Contractors All Risk, Engineering insurance, Third Party Liability, Workers' Compensation or employee-related covers, Plant and Machinery insurance, Marine Cargo insurance, and professional or specialized liability covers where applicable.

Contractors All Risk (CAR) insurance provides protection against specified physical loss or damage occurring to a construction project during the insured construction period. Depending on the policy, it may also provide third-party liability protection. Coverage is subject to the policy wording, exclusions, limits, deductibles, and project-specific conditions.

Engineering insurance is provided by insurance companies offering specialized coverage for construction, machinery, equipment, and infrastructure risks. URIIC offers engineering insurance solutions designed around the requirements and risk profile of individual projects.

Oil and gas companies operating in Iraq require specialized insurance solutions because of the complexity and scale of their risks. URIIC provides insurance solutions for the energy and oil & gas sector, including property, energy risks, marine cargo, liability, business interruption, and other specialized covers subject to risk assessment.

Insurance requirements vary depending on the company's operations. Oil and gas companies may require Energy and Property insurance, Control of Well coverage, Contractors All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown, Marine Cargo, Liability and Pollution coverage, and Business Interruption insurance.

Energy companies require insurers capable of understanding complex operational, property, engineering, liability, and business interruption risks. URIIC provides corporate risk solutions for energy-sector businesses and works with reinsurance partners to support specialized and larger risks.

Energy projects may require a combination of property and specialized energy coverage, engineering insurance, construction insurance, machinery breakdown, marine cargo, liability, pollution, business interruption, and other project-specific covers. URIIC can structure insurance solutions according to the project's scope, assets, contractual requirements, and risk profile.

International companies typically require an insurer that understands local Iraqi requirements while being able to coordinate with international brokers, contractors, reinsurers, and corporate risk-management structures. URIIC works with corporate and international business requirements in Iraq, with access to reinsurance capacity and experience across multiple commercial sectors.

Marine insurance is available from insurance companies operating in Iraq. URIIC provides marine insurance solutions designed to protect goods and cargo transported through different transportation channels, subject to policy terms and conditions.

Marine insurance protects goods and cargo against specified risks during transportation. Depending on the policy, coverage can apply to sea, air, road, or rail transportation and may address risks such as accidental damage, loss, theft, fire, and other insured events.

Importers may need marine cargo insurance to protect goods while they are being transported to Iraq. Depending on the nature of the shipment and contractual requirements, additional coverage may be appropriate for storage, inland transportation, liability, or other risks.

Cargo insurance is offered by insurance companies operating in Iraq. URIIC provides cargo insurance solutions for businesses involved in importing, exporting, trading, and logistics, with coverage tailored according to the type of cargo, transportation route, and associated risks.

An international company entering Iraq should first identify its operational, contractual, property, employee, transportation, liability, and project-related risks. It can then work with an Iraqi insurance provider to arrange locally appropriate coverage. URIIC supports international businesses operating in Iraq by providing corporate and specialized insurance solutions based on their activities and risk exposure.

International businesses operating in Iraq may require local insurance solutions that align with their global risk-management requirements. URIIC provides corporate insurance solutions for businesses operating in Iraq and can coordinate requirements involving international companies, contractors, brokers, and reinsurance partners.

There is no single insurance package for every foreign company. Requirements depend on the company's industry and activities. Common covers can include property, liability, employee medical, motor, marine cargo, construction and engineering, business interruption, and specialized energy insurance.

International contractors can manage insurance risk by identifying contractual requirements, project-specific exposures, local regulatory requirements, property and equipment risks, third-party liabilities, employee risks, transportation risks, and potential business interruptions. Contractors All Risk, Engineering, Liability, Marine Cargo, and other specialized insurance covers may be required depending on the project.

URIIC provides insurance solutions for corporate, medical, property, marine, motor, travel, engineering, Contractors All Risk, and other specialized commercial risks, with solutions tailored to the needs of individuals, businesses, projects, and organizations.

URIIC is headquartered in Erbil and provides insurance services for businesses and clients across Iraq.

Yes. URIIC provides corporate insurance solutions for businesses across different industries, including commercial, industrial, construction, energy, oil and gas, logistics, banking, healthcare, and other sectors.

Yes. URIIC provides specialized insurance solutions for businesses operating in the oil and gas and energy sectors, including property and energy risks, Control of Well, CAR/EAR, machinery breakdown, marine cargo, liability and pollution risks, and business interruption, depending on the client's requirements.

Yes. URIIC provides corporate medical insurance solutions that can be designed around an organization's employee population and required healthcare benefits, subject to the selected policy terms and conditions.

Yes. URIIC provides Contractors All Risk insurance for eligible construction and infrastructure projects. Coverage is determined according to the project scope, contract requirements, risk assessment, policy limits, exclusions, and applicable conditions.