Hong Leong SME Business Protect

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SME Business Protect

SME Business Protect

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Benefits

  • Benefits
  • Features & Benefits
  • Premium Tables

We understand that, while every business is different and unique, there are common goals; growth and sustainability. That's why we go above and beyond with tailoring the SME Business Protect/Protect Plus Insurance together with our strategic General Insurance partner – MSIG Insurance (Malaysia) Bhd (MSIG) to provide you the flexibility to choose the cover according to your business needs. 

  • Flexibility to determine your own sum insured depending on your business risk exposure.
  • Comprehensive coverage for protection of your business against unexpected losses.
  • Competitive rates if purchased under a single policy.
  • *Complimentary Additional Coverage for Fire Insurance such as:-

> Assistance Allowance of RM5,000

> Professional Consultation Fees up to RM50,000

> Good Claims Experience Discount

  • Additional Coverage for E- Risk in Digital World such as:-.

> Electronic Funds Transfer

> Digital Cover

> Social Media Reputation Risk

> Restricted Cyber Risk Allowance

  • Terrorism and Sabotage Coverage. 

> One common expiry date.

> You are insured with one of the largest general insurers locally and globally.

*With a combined purchase of at least Sections A: Fire Insurance, B(I) Money and B(II) Burglary and Robbery. The Sections are found overleaf:-

SECTION A – FIRE INSURANCE*
COVERAGE
SUM INSURED/LIMITS OF LIABILITY (RM) 
Damage to the insured property by:
  To be determined by the Insured
√   Mandatory
√   Optional Perils
• Fire and Lightning
• Storm, Tempest
• Bursting or Overflowing of Water Tanks,
• Apparatus or Pipes (including repair or replacement cost up to RM5,000 of damaged water tanks, apparatus or pipes)
• Riot, Strike and Malicious Damage
• Aircraft Damage
• Earthquake and Volcanic Eruption
• Flood
• Explosion
• Impact Damage
• Electrical Installation Clause (B)
• Bush/Lalang Fire
• Subsidence and Landslip
• Spontaneous Combustion
• Damage by Falling Trees or
• Branches and Objects therefrom
• Smoke Damage
• Sprinkler Leakage
√   Additional Benefits
 To be determined by the Insured
(Applicable to Section A) – Complimentary when at least Section A  and Section C are purchased:
• Assistance Allowance of RM5,000 for loss or damage to property
• caused by fire or flood peril (if insured) exceeding RM50,000
• Professional Consultant Fees up to RM20,000
• Good Claims Experience Discount upon renewal if total claims made 
• under Section A is not more than RM5,000 during the period of insurance
– 1st year renewal – 5.00%
– 2nd year renewal – 7.50%
– 3rd year and onwards renewal – 10.00%
SECTION B – ALL RISKS*
Loss or damage to office equipment, computers & peripherals,
furnitures & fittings,
 To be determined by the Insured 
and the like (excluding mobile phones) by any
accident unless specifically excluded
Annual Premium for Section A & B
Subject to 6% ST on premium as calculated
SECTION C – BUSINESS INSURANCE
SECTION
COVERAGE
PLAN 1 (RM)
PLAN 2 (RM)
PLAN 3(RM)
C(1) - Money, Burglary and Robbery
Theft of property insured under Section A (extended to cover armed robbery and hold-up inside the premises)
75,000 or Total Sum Insured in Section A whichever is lower
150,000 or Total Sum Insured in Section A whichever is lower
200,000 or Total Sum Insured in Section A whichever is lower
Money in transit
20,000
30,000
50,000
Money via Electronic Funds Transfer
20,000
30,000
50,000
Money in premises during business hours
20,000
30,000
50,000
Money in locked safe or strong room after business hours
20,000
30,000
50,000
Money in locked drawer or cabinet after business hours
1,000
1,000
2,000
Damage to locked safe or strong room by theft
5,000
5,000
5,000
Damage to premises as a result of theft
1,000
1,000
1,000
Loss, damage or destruction of passports and/or title deeds in locked
safe, strong room, drawer or cabinet
5,000
5,000
10,000
C(II) – Fidelity Guarantee
Cover against any direct pecuniary
loss which the Insured sustains by all
acts of fraud or dishonesty committed
by any of the Insured’s employee(s)
10,000
15,000
25,000
C(III) – Public Liability
Legal liability in respect of:
• Bodily injury (including death),
• illness or disease of any person
• Loss or damage to property as a
• result of an accident happening
• within the Geographical Limit
• Costs and expenses of litigation
500,000
any one event
and in
aggregate
1,000,000
any one event
and in
aggregate
1,500,000
any one event
and in
aggregate
C(IV) – Employer’s Liability
Employer’s liability towards employees arising out of and in the course of their employment
500,000
any one event 
1,000,000
any one event 
1,500,000
any one event 
C(V) – Plate Glass
– Signboard and Signage
Breakage or damage to any of the glass, signboard or signage in the premises
10,000
20,000
30,000
Annual Premium for Section C (Inclusive of 6% ST)
858.60
1,595.30
2,321.40
SECTION D – FIRE CONSEQUENTIAL LOSS
Consequential losses following a Fire or any of the insured Perils in Section A
To be determined by the Insured
Annual Premium for Section D
Subject to 6% ST on premium as calculated
SECTION E – DIGITAL COVER
SECTION
COVERAGE
PLAN 1 (RM)
PLAN 2 (RM)
E(I) – Social Media Reputation Risk
Public Relations expenses and Investigation costs incurred in response to publication of fake and/or untrue information relating to the Insured via social media
100,000
200,000
E(II) – Restricted Cyber Risk Allowance
Inconvenience allowance for breach of Insured’s network or computer systems security
5,000
10,000
Annual Premium for Section E (Inclusive of 6% ST)
212.00
371.00
SECTION F – TERRORISM AND SABOTAGE
COVERAGE
PLAN 1 (RM)
PLAN 2 (RM)
Physical loss or damage to the insured property caused by an act of Terrorism or Sabotage, subject to excess of RM10,000 on each and every occurrence
250,000
250,000
Annual Premium for Section F (Inclusive of 6% ST)
265.00
530.00

* Selecting Section A and/or B will entitle you to enjoy Section C from as low as RM858.60 only (Inclusive of 6% ST).

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