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All Risks Insurance covers loss of or damage to property insured caused by fire, theft, any other accident or misfortune provided such as loss or damage is not caused by a perils which is specifically excluded by this policy.
This insurance protects your office equipment, plant and machinery including portable items such as cameras and laptops but excluding stock in trade. |
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Your property will be protected whilst contained in the business or trade premises should the loss or damage caused by : |
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Theft consequent upon actual forcible and violent entry into the insured premises |
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Theft or any attempt threat by a person feloniously concealed on the said premises |
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Hold up or armed robbery |
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Damage to the building due to theft or attempt threat. |
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| The Sum Insured may be arranged on the following basis : |
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Full Value Basis - Where all assets and/or property most susceptible to loss or damage by burglary are insured; OR |
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First Loss Basis - Where the Sum Insured is an estimate of the maximum probable loss in the event of any burglary attempt. |
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This policy covers loss of or damage to equipment, its standard accessories and parts whilst thereon due to :
a) Accidental collision or overturning or collision or overturning consequent upon mechanical derangement
b) Fire, external explosion, self ignition or lightning
c) Burglary, housebreaking or theft.
This policy is intended mainly for mobile plant and vehicles which are not licensed for road use.
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The policy will indemnify the employer against any direct pecuniary loss that the employer may sustain through act(s) of dishonesty by the employees such as act(s) of forgery, embezzlement, larceny or fraudulent conversion. The coverage is not limited to loss of monies but also loss of real properties and merchandise by employees.
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You don’t have to worry if you were robbed of cash from your way to the bank or discovered your safe or cash box emptied from your office. The Money Insurance protects your business establishment against loss of money resulting from burglary or robbery.
The Money insurance policy covers:
• Loss of money in transit caused by robbery, theft, or any fortuitous event.
• Loss of money from the insured’s premises during business hours caused by theft or robbery.
• Loss of money from the insured’s safe or strong room caused by theft or robbery.
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The scope of cover for a Plate Glass Policy is on "All Risks" cover with minimum exclusions. The policy will indemnify the Insured for any glass broken by fracture extending through the entire thickness of the glass as a result of an accident or misfortune not otherwise excluded.
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This is a comprehensive packaged insurance which is specially designed for offices and shops. This package policy provides 7 potential elements that may disrupt your business, and offers indemnity against loss that may be incurred in the event of unforeseen circumstances.
The ‘Biz-Pack Partner’ comes with 7 extensive features: |
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| Section III - IV |
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Description |
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Sum Insured/Limit of Liability |
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Plan 1
RM |
Plan 2
RM |
Plan 3
RM |
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| I. |
Fire |
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II.
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All Risk (excluding laptops, notebooks, palmtops
and mobile phone) |
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| III. |
a) Burglary (1st Loss Basis) On Stock Trade only
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25,000 |
50,000 |
100,000 |
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b) Damage to premises |
2,000 |
2,000 |
2,000 |
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| IV. |
Money |
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a) Money in transit |
5,000 |
10,000 |
20,000 |
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b)
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Money in premises
– During business/office hours |
5,000
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10,000
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20,000
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Money in locked safe/drawer/cabinet in the premises
– After business/office hours |
5,000
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5,000
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5,000
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c) Damage to safe/drawer/cabinet |
2,000 |
2,000 |
2,000 |
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d) Personal accident for 2 employees |
10,000 each |
10,000 each |
10,000 each |
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Plate Glass (1st Loss Basis) |
2,500 |
5,000 |
7,500 |
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Public Liability |
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– Any one accident |
250,000 |
500,000 |
1,000,000 |
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– Any one period |
Unlimited |
Unlimited |
Unlimited |
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Employer’s Liability |
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Any one accident/Any one period |
1,000,000 |
1,000,000 |
1,000,000 |
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| Table of Premium |
| Section |
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Description |
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Sum Insured/Limit of Liability |
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Plan 1
RM |
Plan 2
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Plan 3
RM |
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| I. |
Fire |
As Per Fire Tariff Rate (minimum premium RM75)
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II.
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All Risk (excluding laptops, notebooks, palmtops and mobile phone) |
Based on Fire Tariff Regulations
(minimum premium RM75)
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III - IV
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Burglary, Money, Plate Glass, Public Liability and Employer’s Liability
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400 |
600 |
1,100 |
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Bond is a guarantee of performance that normally comes in the form of either:
• Bank guarantee
• Insurance guarantee
The guarantee is given by the Insurer to accept responsibility for the performance of a contractual obligation entered into by one party (contractor) with another (principal) in the event of former’s default. |
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| Type of Bond : |
Tender Bond
It is a guarantee that the contractor who is awarded the contract will enter into this contract at the terms that he has submitted to the principal. If the contractor is unable to maintain his quotation the bond will be liquidated and either the bank or insurance guarantee will have to indemnify (pay) the Principal for the damages sustained up to the amount of the Bond.
Performance Bond
Is required by the Principal to ensure that the contractor fulfills his contractual obligations within the period specified or in accordance with the specifications as outlined in the contract. The guarantee amount is normally calculated at 5% of contract value of the project.
Foreign Workers Bond
This bond is in the form of insurance guarantee and is needed by the Immigration Department whenever an employer employs a foreign worker. |
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