Business insurance · United Arab Emirates · Head-to-head
ADNIC (Abu Dhabi National Insurance Company) vs Sukoon Insurance
Two United Arab Emirates business insurance options, compared side by side for United Arab Emirates trades.
Which should you choose?
ADNIC (Abu Dhabi National Insurance Company) and Sukoon Insurance are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and United Arab Emirates-specific notes below against your trade and region.
ADNIC (Abu Dhabi National Insurance Company)
Tier A · ListedAbu Dhabi insurer founded in 1972, with construction, engineering and liability cover for contractors
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.
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
United Arab Emirates 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.
Sukoon Insurance
Tier A · ListedDubai insurer, formerly Oman Insurance Company, with ten engineering insurance products
Sukoon Insurance, known as Oman Insurance Company until its October 2022 rebrand, began operating in 1975 and is regulated by the Central Bank of the UAE. Its engineering line lists ten products, including Contractor's All Risk, Erection All Risk, Contractor's Plant and Machinery, Machinery Breakdown, Electronic Equipment and Principal's Advance Loss of Profits. Premiums are quoted per risk rather than published.
Pros
- + Ten engineering products, from CAR and EAR to plant, machinery and electronic equipment
- + Owner-side cover too, with Principal's Advance Loss of Profits for a delayed start
- + Regulated by the Central Bank of the UAE; operating since 1975
- + Quotes by phone, email, callback form or branch visit
Cons
- − No public premiums; every policy is quoted
- − Older contracts and tender documents may still name Oman Insurance Company
- − Product pages give short summaries, so ask for the full policy wording
United Arab Emirates note
Sukoon's engineering line covers contractor-side risks (CAR, EAR, plant and machinery) and the project owner's Advance Loss of Profits with one insurer. Documents from before October 2022 may refer to it as Oman Insurance Company.
More United Arab Emirates options
See all United Arab Emirates business insurance vendors and the rest of the United Arab Emirates directory.