Business Insurance

• Commercial
• Employee Benefits
• Liability
• Pecuniary
• General

In today’s increasingly dynamic world, your business can face unexpected risks at any time, from an employee injury to a claim from a third party. So getting the right insurance for your business is vital.

With your business or commercial interests in mind, we bring together a diverse range of covers to help protect you from significant losses that can have devastating impact on your business.

BisPro is an All-in-One comprehensive insurance package. It provides extensive coverage for fire, all risks, burglary, money, plate glass, public liability and employer liability. It is a kind of policy that is broad enough to ensure that you have sufficient cover, but at the same time is tailored so that you do not have duplication of cover – which often happens when you purchase separate policies.

Fire Insurance is an insurance plan that covers loss of or damage to your property such as residential or commercial building, furniture, fixtures and fittings caused by fire or lightning. It is usually extended to cover the following perils:

• Damage caused by aircraft and other aerial devices and/or articles dropped therefrom
• Earthquake and volcanic eruption
• Storm, tempest and flood
• Explosion
• Impact damage by road vehicle
• Bursting of overflowing of water tanks apparatus or pipes
• Electrical installation
• Riot, strike and malicious damage
  

EMPLOYEE BENEFITS

Foreign Workers’ Compensation Scheme is an insurance scheme that protects the Insured’s foreign worker from accident, injury or disease arising from or in the course of employment with the Insured. This scheme includes coverage for death, permanent total/partial disablement, temporary disablement, medical expenses, occupational diseases and repatriation expenses. The annual premium charged is RM72 (excludes service tax and stamp duty) per foreign worker as determined by the Ministry of Human Resources.

Workmen’s Compensation is an insurance plan that indemnifies the Insured against all sums for which the Insured shall be liable to pay as compensation to any employee for accidental personal injury or disease sustaining or arising out of or in the course of their employment.


English | Bahasa Malaysia

English | Bahasa Malaysia

Employer’s Liability is an insurance plan that indemnifies the Insured (the employer) against legal liability at the Common Law for damages and claimant’s costs and expenses in respect of bodily injury caused by accident or disease sustained by any person under a contract of service or apprenticeship with the Insured whilst employed in Malaysia.


English | Bahasa Malaysia

English | Bahasa Malaysia

Public Liability is an insurance plan that indemnifies the Insured against legal liability in respect of accidental bodily injuries and/or property damage to third parties arising out of and in connection with the Insured’s business. This plan also provides for all costs and expenses of litigation incurred with the Company’s consent.


English | Bahasa Malaysia

English | Bahasa Malaysia

Fidelity Guarantee is an insurance plan that indemnifies the employer against loss of monies or goods as a result of specific acts of fraud or dishonesty committed by any employee and discovered during employment or within six months after the resignation, death, dismissal or retirement of the employee and within six months of the termination of the policy, whichever happens first.

This plan is generally sought for employees who are likely to cause losses because of their constant exposure to cash, stocks or other assets.


English | Bahasa Malaysia

English | Bahasa Malaysia

Money Insurance is an insurance plan that covers against loss of money by any causes whilst money is in the personal custody of the Insured or the Insured’s authorised employees, during transit or on the premises, whilst open for business and/or whilst kept in a locked Safe or Strongroom not otherwise insured directly but associated with any theft therefrom occurring during the Period of Insurance.

This plan is usually arranged to cover payment of salaries, wages or other earnings, collections of cash deposits or withdrawals to or from the bank and also cash kept in locked Safe or Strongroom.


English | Bahasa Malaysia

English | Bahasa Malaysia

All Risks (Office Equipment) is an insurance plan that indemnifies the Insured for loss of or damage to insured office equipment due to accident or other misfortunate unless specifically excluded in the policy. This plan is extended to cover: i) property temporarily removed for cleaning, renovation, modification, repairing or other similar purpose, elsewhere on the same or at any other premises; ii) property temporarily stored anywhere in Malaysia and Singapore not more than sixty (60) days.


English | Bahasa Malaysia

English | Bahasa Malaysia

All Risks (Personal Effects) is an insurance plan that indemnifies the Insured for loss of or damage to insured personal effects due to accident or other misfortunate whilst within the Territorial Limit, i.e. Malaysia, Singapore and elsewhere in the world during temporary visits, unless specifically excluded in the policy.


English | Bahasa Malaysia

English | Bahasa Malaysia

Burglary Insurance is an insurance plan that covers loss or damage to insured property caused by theft consequent upon actual, forcible and violent entry into or exit from the premises or damage to insured property or to the premises as a result of theft or any attempt thereat, including armed hold-up.


English | Bahasa Malaysia

English | Bahasa Malaysia

Plate Glass is an insurance plan that covers accidental breakage of fixed glass, which shall be considered plain or of ordinary glazing quality whilst situated at the Insured’s premises from any cause other than those specifically excluded in the policy. In the event of breakage (which term does not include damage by scratching) of any item of glass specified in the policy schedule, the policy pays or make good the intrinsic value of the glass together with the cost of any necessary boarding up pending its replacement.

The main exclusions are:

• Fire or explosion.
• War, invasion or act of foreign enemy hostilities.
• Typhoon, flood, earthquake and volcanic eruption or other convulsion of nature.
• Breakage of lettering unaccompanied by breakage of glass.
• Breakage or damage to frames or framework of any description.
• Breakage due to dilapidation of frames or framework.
• Cost of removing or replacing fixtures or fittings.

English | Bahasa Malaysia

English | Bahasa Malaysia