We
are capable of providing insurance services from Property, Casualty,
Liability, Health, to all individuals and registered company in
Malaysia.
Accident And Health Foreign Workers Insurance Guarantee (20 and above)
Group Health & P. Accident
Group Personal Accident & Health
Ace Group PA, Group H & S, Other Group PA
Voluntary Employees Benefits
Personal Accident, Critical Illness , Hospital Income
Casualty
Product liability To
indemnify against insured's legal liability to pay compensation
(damages) for accidental bodily injury or property damage sustained by
third party arising out of products sold or supplied by insured. In
addition to such compensation, it also pays for legal costs and
expenses in connection therewith. The limit of indemnity is inclusive
of legal costs and expenses.
Basis of Indemnity
Our Product
Liability policy is on ''Claims Made'' basis. It means that this policy
will only cover claim made against insured during the policy period.
''Claim made'' means a written claim/demand issued or lawsuit
instituted by third party seeking damages for his injury or damage.
Product recall expense cover
Comprehensive general liability
- To indemnify
against insured's legal liability to pay compensation (damages) for
accidental bodily injury or property damage sustained by third party
arising out of performing contract works by insured. In addition to
such compensation, it also pays for legal costs and expenses in
connection therewith. The Limit of Indemnity is inclusive of legal
costs and expenses.
Basis of Indemnity
CGL policy is on ''Claims
Occurrence'' basis. It means that this policy will apply to bodily
injury or property damage sustained by third party during the Policy
Period.
Principal Exclusions
- Workmen Compensation and Employers' Liability Liability for damaging property worked upon or property in the Insured's care, custody or control
- Liability due to sole negligence of Principal or indemnities
- Liability arising out of ownership, use or operation of watercraft
- Aviation liability
- Professional liability
- Asbestos liability
- Employers Liability
All
employees earning salary/wages of RM 2,000 or less a month are required
to be insured under the Social Security Act 1969.Such employee in the
event of an accident arising in the course of employment can only claim
benefits provided under the SOCSO Act. They are debarred from suing the
employer under Common Law. The employees however can sue their fellow
employees for negligence under the Common Law.Employee earning above RM
2,000 per month are not required to be covered by SOCSO (unless they
have been covered by SOCSO when they were earning less than RM2, 000).
- Such
employees in the event of an accident arising in the course of
employment can sue their employer for negligence under the Common Law.
- PublicLiability
The Public Liability policy is designed to protect the Insured in
respect of his legal liability to pay compensation for accidental
bodily injury to or accidental damage to the property of members of the
public caused by or through the negligence of the Insured or his
employees or by defects in the premises and includes legal charges and
expenses. All firms and business enterprises have a need for this cover
and it is important that the proposer selects an adequate limit as
substantial claims can arise. The position should be fully explained to
all proposers, especially those requesting limits which are obviously
not adequate. However, it is prudent to let the proposer select
the amount himself and we should not volunteer any amount in order to
avoid the possibility of professional negligence.
Business and Personal Insurance Solution Brochure
Life & Health
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Liability
Directors And Officers Liability
To pay on behalf of the insured company the loss arising out of any claim made against insured
person(s) for any wrongful act committed in their respective capacities
as directors or officers of the insured company but only when and to
the extent that such company is permitted or required by law to
indemnify them for such loss.The aforesaid two coverage sections are in
fact complementary. If director(s) or officer(s) incur liability in the
course of performing their duties and their company is required and
permitted by law to indemnify them, this policy will make the required
indemnification on behalf of the company under the Company
Reimbursement Coverage section. On the other hand, if the company is
disallowed to or cannot make such indemnification, the policy will
provide direct coverage for the directors or officers under the
Coverage for the Directors and Officers section.
(Click title for more information on this class of coverage)
Freight Forwarder's Liability
Freight
forwarder Liability provide cover to Freight Forwarder's /Bailees
Warehouse toward client's who insured all the goods themselves and
during loss their insurer are seeking liability from you under
subrogation arising out negligence, error & omissions while in the
course of dealing with their goods for transportation.
Kindly refer to page underneath for a concise Presentation
titled as "Freight Forwarder Liability GIT presentation [Compatibility Mode].pdf 742k - on Dec 18, 2008 9:22 AM by Lim Su Lin (version 3) "
Professional Indemnity
To
indemnify against insured's legal liability to compensate for loss
sustained by third party as a result of act of negligence, error or
omission committed by insured in the course of conducting his/her
profession. Additional coverage to pay legal costs and expenses in the
connection therewith. Limit of indemnity is inclusive of legal cost and
expenses.
Property
Burglary
The policy cover loss or damages to property insured by Theft whilst contain in the Business or Trade premises.
Risk
can be arrange on 1st Loss Basis, Full Value, Declaration basis which
is appropriate according to business risk and exposures
Contractor All Risk
Provides
protection against loss or damage in respect of the contract works at
contract site and third party claims arising in connection with the
construction of a project.
Road Building, Electrical, Building, Renovation, Maintenance Contractor, Infrastructural.
Erection All Risk
Provides
insurance coverage in the erection of machinery, plant and steel
structures of any kind as well as third party claims arising in
connection with the installation works of the project. The coverage
commences from the unloading of items insured to erection work and
until test operation has been completed excluding used/second-hand
machines where cover ceases upon commencement of testing/commissioning.
Offers protection against all risks involved Machinery & Equipment,
Plant & Machinery.
Fidelity Guarantee
This
class of insurance is meant to protect an employer against infidelity
i.e. dishonesty ofan employee. In the normal course of business
transaction an employer invariably has to entrust money, securities,
goods etc. to his employee and if the employee is dishonest, the
employer will suffer financial loss.
Examples of infidelity
Theft, Misappropriation of funds, false conversion of money or stock or forgery.
Money
The
policy is intended to protect any business establishment against loss
of money by any caused whatsoever which may be carried by any
authorized employee of the insured or whilst kept in the Insured's
premises. However, in view of the hazards involved, especially moral,
care must be taken in canvassing and selecting risks.
Marine Cargo (Hull Excluded)Voyage Policy, Open Cover, Inland Transit, Declaration Basis
Marine
insurance that involves trading is international in character. It can
be affected by either the buyer or seller. It will tend to be purchased
in the market who offered the most competitive rates and terms. The
trading terms or contract commonly known as INCOTERMS, defines who is
responsible for purchasing insurance. |
