Buruj Cooperative Insurance Company is a Saudi joint-stock company, licensed, and supervised by the Saudi Central Bank (SAMA). It was established on December 27, 2009. It offers insurance products that cover properties, vehicles, accidents, liability, transportation, engineering, travel, and insurance extensions.
On February 15, 2010, the company was listed on the Saudi Stock Exchange (Saudi Tadawul), under number 8270 and the name "Buruj," within ISIN (SA12CG541714). It has a share capital of SAR300 million and is headquartered in Riyadh City.
The company operates via regional offices in Riyadh, Jeddah, and al-Khobar, in addition to a network of points of sale and services managed by the company or its licensed agents, and through its electronic platform.
Personal insurance with Buruj Cooperative Insurance Company
The company offers personal insurance solutions. It provides comprehensive insurance for vehicles, namely in the event of death, bodily injuries, or damage to properties. It also provides the option of extending coverage, ultimately covering personal accidents or other vehicles that were not previously identified under the insurance policy. It offers a unified compulsory motor insurance policy that seeks to prevent the repercussions of third-party liability in case of traffic accidents.
The personal insurance services offered by Buruj Cooperative Insurance Company cover medical malpractice in the event of bodily or mental injuries, diseases, illnesses, or the patient's death due to neglect, malpractice, or the physician's overlooking any of the insured patient's condition upon providing care, or any damage caused by emergency care. The company also covers international travel, valid from the departure from the Kingdom of Saudi Arabia until return there. Moreover, insurance covers houses against damage.
Business insurance with Buruj Cooperative Insurance Company
Business insurance programs offered by Buruj Cooperative Insurance Company include workers' compensation insurance, property insurance, dishonesty insurance, factory installation risk insurance, electronic equipment insurance, refrigerated inventory damage insurance, machinery insurance, cargo insurance, health insurance under a unified policy, group life insurance, contractors' risk insurance, contractors' equipment and machinery insurance, professional indemnity insurance, loss of profit due to machinery breakdown insurance, group personal accident insurance, public liability insurance, and boiler and pressure vessel insurance.
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