GIG Insurance Oman (GIG Gulf) vs Liva Insurance (Oman)

Engineering insurance for contractors from GIG Gulf, formerly AXA Gulf

GIG Gulf is the former AXA Gulf business, bought by Kuwait's Gulf Insurance Group in 2021; Canada's Fairfax Financial lists Gulf Insurance Group among its insurance companies. Its Oman site lists contractors all-risk (from villas to bridges), erection all-risk, contractor's plant and machinery, machinery breakdown and electronic equipment cover, sold project by project or as an annual multi-project policy. GIG Gulf says it has a specialised team of engineers to help with risk management.

Pros

• + Full engineering range: CAR, EAR, plant, machinery, electronic equipment
• + Annual policy option covering multiple projects
• + In-house engineering team for risk management (GIG Gulf says)
• + Oman toll-free line 800 70 292

Cons

• − No published rates
• − Product page gives cover names, not limits or exclusions
• − No online quote price shown for engineering cover

Omani insurer formed from NLGIC and Al Ahlia, writing contractors all-risk cover

Liva Insurance SAOC is the Oman company of the Liva brand, which NLGIC and RSA Middle East adopted in 2023 after NLGIC bought RSA Middle East in 2022. Liva says its business comes from integrating NLGIC and Al Ahlia Insurance and that it serves over 1.5 million customers across Saudi Arabia, Kuwait, Bahrain, the UAE and Oman. Its Oman product list includes contractors all-risk, contractor plant and machinery, machinery insurance case by case, and workmen's compensation.

Pros

• + Contractors all-risk and contractor plant and machinery cover
• + Workmen's compensation from the same insurer
• + Fire, marine cargo and motor fleet cover for trade firms
• + Operates in five GCC markets

Cons

• − No Erection All Risk product listed online
• − Machinery cover only case by case
• − No published rates