Business Insurance

MOTOR INSURANCE (FLEET)

The Fleet motor insurance covers a minimum of 3 vehicles under the same company name. Under the law, the insured receives a 10% discount. The plan offers protection on damages from accidents, loss of vehicles and/or motorbikes. Mandatory and voluntary types of insurance are available.

GROUP – PERSONAL ACCIDENT INSURANCE

The coverage is 24-hour, worldwide for accidental death, dismemberment, loss of sight, permanent disability, and injuries requiring medical attention. The coverage can be extended to include other specifics such as murder, or assault, including driving, or riding (as passengers) on motorbikes.

FIRE INSURANCE

Fire insurance covers all kinds of property as insured against loss of damage caused by fire, lightning, gas explosion and other perils as insured. The insured receives claim based on actual damage but not exceeding the sum insured.

ALL RISKS INSURANCE

The plan provides protection for owners of medium to large size of business, covering office or commercial buildings, warehouses, factories, furniture, office equipment, machinery, inventory, raw materials used in production, etc. from all types of accidents and risks.

BUSINESS INTERRUPTION

This type of insurance protects owners of business against loss of gross profit margins due to reduction of revenue and expenses that rise out of normal conditions when there is damage to property protected under the plan, be it fire or all risks.

MACHINERY BREAKDOWN INSURANCE

This insurance provides protection for machinery in the factory against perils or accidents such as machinery misuse, negligence, or any willful act to cause damage.

BOILER INSURANCE

This insurance covers sudden and unforeseen physical loss or damage (other than by fire) to boiler or pressure vessel including legal liability to third party due to explosion or collapse.

CONTRACTORS' ALL RISKS AND ERECTION ALL RISKS

This insurance covers sudden and unforeseen physical loss or damage to contract works in the course of construction and erection. This insurance can also cover legal liability of principal, contractor and sub-contractors for accidents arising out of the performance under contract works against third party.

PUBLIC LIABILITY INSURANCE

This insurance covers legal liability for compensation to third party for accidental death or injury and/or accidental loss or damage to property including claimants' costs and expenses that may arise as a result of negligence.

MARINE HULL INSURANCE

This insurance covers loss of or damage to the ship, including machinery and equipment attached. The cover can be extended to include the legal liabilities to the ship or properties and/or bodily injury.