Business insurance · United Arab Emirates
ADNIC (Abu Dhabi National Insurance Company)
Abu Dhabi insurer founded in 1972, with construction, engineering and liability cover for contractors
Market position
Abu Dhabi National Insurance Company (ADNIC) was founded in 1972, is listed on the Abu Dhabi Securities Exchange and is licensed by the Central Bank of the UAE. Its construction and engineering line covers Contractors All-Risk, Erection All-Risk, Contractor's Plant and Machinery, Machinery Breakdown, Electronic Equipment and Advance Loss of Profits, and its liability line adds workmen's compensation, public liability, professional indemnity and decennial liability.
United Arab Emirates-specific note
Useful when you want CAR, workmen's compensation, professional indemnity and decennial liability from the same company. If a project owner requires a rated insurer, ask ADNIC for its current rating letter.
Pros
- + Project cover (CAR, EAR, plant and machinery) and statutory liability cover from one insurer
- + Workmen's compensation, professional indemnity and decennial liability on its liability page
- + Downloadable proposal forms plus phone, email and callback channels
Cons
- − No public premiums; every policy is quoted
- − Comparing it with other insurers means collecting several quotes
Typical United Arab Emirates pricing
Quote-based; no public premiums. ADNIC takes requests by phone (8008040), email, callback form or downloadable proposal forms.
Why this matters for United Arab Emirates trades
Under Dubai Law No. 7 of 2025, contracting work in Dubai needs a trade licence and entry in Dubai Municipality’s Contractors Register, while federal MOEI e-qualification covers only MOEI’s own engineering projects. VAT is 5%, with registration mandatory once taxable supplies and imports exceed AED 375,000 over 12 months. E-invoicing follows a decentralised model based on the OpenPeppol standard: under Ministerial Decision No. 244 of 2025, as amended by Ministerial Resolution No. 66 of 2026, each business appoints an Accredited Service Provider from the Ministry of Finance list (by 30 October 2026 for revenue of AED 50 million or more, implementing by 1 January 2027; by 31 March 2027 for smaller businesses, implementing by 1 July 2027). MOHRE sets Emiratisation targets for companies with 50 or more employees and for companies with 20-49 employees in 14 sectors, and in Abu Dhabi a building permit needs an Estidama Pearl rating (at least one Pearl for private projects, two for government-funded ones).
UAE construction and trades software selection is shaped by 5% VAT filed with the Federal Tax Authority through EmaraTax, the phased e-invoicing mandate run through accredited Peppol service providers (under Ministry of Finance decisions, businesses with revenue of AED 50 million or more implement it by 1 January 2027 and smaller businesses by 1 July 2027), MOHRE Emiratisation targets, separate regulatory systems in Dubai (Dubai Municipality’s Contractors Register and its BIM requirement for large and specialised buildings) and Abu Dhabi (DMT classification, permits and the Estidama Pearl rating), and AED pricing.
Frequently asked
Is ADNIC (Abu Dhabi National Insurance Company) a good fit for United Arab Emirates trades?
Abu Dhabi National Insurance Company (ADNIC) was founded in 1972, is listed on the Abu Dhabi Securities Exchange and is licensed by the Central Bank of the UAE. Its construction and engineering line covers Contractors All-Risk, Erection All-Risk, Contractor's Plant and Machinery, Machinery Breakdown, Electronic Equipment and Advance Loss of Profits, and its liability line adds workmen's compensation, public liability, professional indemnity and decennial liability. Useful when you want CAR, workmen's compensation, professional indemnity and decennial liability from the same company. If a project owner requires a rated insurer, ask ADNIC for its current rating letter.
What does ADNIC (Abu Dhabi National Insurance Company) cost in United Arab Emirates?
Quote-based; no public premiums. ADNIC takes requests by phone (8008040), email, callback form or downloadable proposal forms. Pricing and availability can change by region; confirm current United Arab Emirates pricing on the vendor's site before committing.