Fire & Property

Product Description

This policy covers loss or damage to your property due to Fire, Lightning and Explosion for domestic purpose. Extended coverage for additional perils with additional premium.

Key Coverages

1. Fire
2. Lightning
3. Explosion caused by gas used for domestic purposes

Extension Coverages with Additional Premium

1. Aircraft Damage
2. Impact Damage
3. Earthquake and Volcanic eruption
4. Storm and tempest
5. Flood
6. Explosion
7. Bursting or overflowing of pipes
8. Subsidence and Landslip
9. Bush/Lalang Fire
10. Spontaneous Combustion
11. Sprinkler Leakage
12. Riot, strike and malicious damage
13. Damage by falling trees or branches and other objects

Product Description

Protects you against losses due to business interruptions.

Key Coverages

1. Increased Cost of Working and Standing Charges
2. Loss of Gross Profit Due to Reduction in Turnover
3. Necessary Expenditure Incurred of Diminishing the Reduction in Turnover

Extension Coverages with An Additional Premium

1. Public Utilities Extension
2. Prevention of Access Extension
3. Damage to Specified Supplier’s Extension
4. Damage to Specified Customer’s Extension
5. Damage to Unspecified Supplier’s Extension
6. Infectious or Contagious Diseases, Murder, Suicide, Pest, Food or Drink Poisoning, or Defective Sanitary Arrangements

Product Description

Policy that provides insurance protection againts incidents if theft at your property whilst contained in the speficied business or trade premises arising from theft consequesnt upon actual forcible and violent entry into the premises.

Key Coverages

1. Theft by Actual Forcible Entry or Exit to the Insured’s Business Premises
2. Theft or Any Attempted Theft by a Person Feloniously Concealed on the Said Premises
3. Damage to the Building Due to Theft or Attempted Threat
4. Hold Up or Armed Robbery

Extension Coverages with An Additional Premium

Insure your property in two different ways: 

1. Full Value Basis This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure adequacy of the sum insured since the insurance will be subject to the Average Clause when you will not be fully indemnified at the time of loss if the property is under insured
2. First Loss Basis
   This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The Sum Insured shall be based on your assessment.

Insure your property in two different ways:

1. Full Value Basis
   This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure adequacy of the sum insured since the insurance will be subject to the Average Clause when you will not be fully indemnified at the time of loss if the property is under insured
2. First Loss Basis
   This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The Sum Insured shall be based on your assessment.

Product Description

Protects against glass accidentally breaking at your premises

Key Coverage

Indemnifies you for any glass broken by fracture extending throughout the entire thickness of the glass as a result of an accident or misfortunate not otherwise excluded.

Product Description

Money Insurance could save you from unexpected financial loss in the event of robbery or theft. The Money Insurance covers the loss of your money whilst in transit and whilst in the premise.

Key Coverages

1. Loss of Money While in Transit: You are covered for the loss of money in the personal custody of the authorised personnel while in direct transit between the banks and prescribed premises vice versa.
2. Loss of Money Kept in Premises: You are covered for the loss of money within the prescribe premises during and outside business hours. The money must be secured in locked drawers or cabinets or safes, or strongrooms.

Product Description

Protects you against financial loss from employees dishonest acts.

Key Coverages

Covers your financial loss or loss of goods arising from fraud or dishonesty by your employees:

1. During the period of insurance.
2. During uninterrupted employment of such employees.
3. In connection with the occupation and duties of such employees.
4. Discovered Period

Product Description

All Risks basis and covers you against loss of or damage to your insured property caused by fire, theft and any other accident during the period of insurance within the specifically location or territorial limit, provided always that such loss or damage is not caused by perils which are specifically excluded by this policy.

Key Coverages

Covers assets at your business premises, and ensures you receive the full value if these assets are lost or damaged by:

1. Fire
2. Theft
3. Any other accident or misfortune
4. Any Other Causes Not Specifically Excluded under the Policy

Product Description

As a small or medium-sized business owner, your time and resources are precious. That’s why it’s essential to have the right insurance coverage to protect your business from risks that could derail your operations. From property and liability insurance, our insurance solutions are tailored to meet the unique needs of SMEs. Don’t leave your business vulnerable to unforeseen circumstances

What is covered under SME Insurance

• Fire Insurance
  Loss or damage to your property against fire or lightning

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