Benefits
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
- 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* |
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|---|---|---|---|---|
| COVERAGE |
SUM INSURED/LIMITS OF LIABILITY (RM) |
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| Damage to the insured property by: |
To be determined by the Insured |
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| √ Mandatory |
√ Optional Perils |
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|
• 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 |
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| √ Additional Benefits |
To be determined by the Insured |
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| (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 |
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| SECTION B – ALL RISKS* |
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| Loss or damage to office equipment, computers & peripherals, furnitures & fittings, |
To be determined by the Insured |
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| and the like (excluding mobile phones) by any accident unless specifically excluded |
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| Annual Premium for Section A & B |
Subject to 6% ST on premium as calculated |
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| SECTION C – BUSINESS INSURANCE |
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| 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 |
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| Consequential losses following a Fire or any of the insured Perils in Section A |
To be determined by the Insured |
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| Annual Premium for Section D |
Subject to 6% ST on premium as calculated |
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| SECTION E – DIGITAL COVER |
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| 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 |
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| SECTION F – TERRORISM AND SABOTAGE |
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| COVERAGE |
PLAN 1 (RM) |
PLAN 2 (RM) |
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| 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 |
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| Annual Premium for Section F (Inclusive of 6% ST) |
265.00 |
530.00 |
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* Selecting Section A and/or B will entitle you to enjoy Section C from as low as RM858.60 only (Inclusive of 6% ST).
