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Saudi Arabia introduces third-party liability insurance
The Saudi Insurance Authority, in collaboration with the General Directorate of Civil Defense, has launched a joint insurance policy for crowded places and high-risk activities. The purpose of this policy is to cover the civil liability of establishments for bodily injury and property damage resulting from accidents within the covered sites. This enhances their ability to bear financial burdens and ensures the rights of those affected. The mandatory application of this policy is mandated by a Cabinet decision and will become a requirement for obtaining Civil Defense permits to operate the relevant activities. The coverage encompasses various sectors, contributing to business sustainability and strengthening the attractiveness of investment in the Kingdom, in line with Saudi Arabia’s Vision 2030.
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