Aims
- To conserve critical business assets against typhoon, fire, landslip, water damage and burglary and recover loss of cash
- To cover legal liabilities, plus the relevant legal defense expenses
- To cushion off business interruption due to accidental disasters
Covered Items
| (I) Basic Cover |
Material Damage to
- Contents fixtures, fittings, furniture, equipment, utensils in trade, including computer, telephone system, alarm system, interior decorations, tenant’s improvements, landlord’s fixtures and fittings but excluding valuable or brittle property
- Stock in Trade
- Building
|
Business Interruption Protection
- Additional Expenditure to restore normal conduct of business incurred within certain months of the insured accident
|
Money Protection in Transit / at Premises during & out of business hours
- Loss of Cash
- Loss of crossed cheques, crossed postal orders, money orders, crossed bankers drafts and credit card sales vouchers
- Damage to safe caused by theft
|
| Malicious Attack Protection to the Employee |
Public Liability Protection
- Legal Liability for accidental bodily injury or property damage to the public in connection with the business
|
| (II) Optional Cover |
Employees’ Compensation |
Covered Perils
All Risk Type
Policy Type & Coverage period
Package Policy renewable on annual basic subject to change of risk and claims experience.
Premium
(I) Subject to Sum Insured Banding / Probability of Loss / Severity of Loss / Excess Applicability
(II) As per same concept of Employee Compensation Insurance
Exclusion
| Loss or damage caused by: |
Standard Exclusion if applicable |
Breakage of china or fragile objects unless due to fire or theft |
Stock shortages only revealed at stocktaking |
Consequential loss |
Loss of money: |
Caused by currency fluctuations, dishonored cheques or counterfeit money |
From any unlocked drawer or safe |
In transit by post |
Given to someone who is not an employee of the insured |
Due to clerical error or accounting error |
In connection with the production of computer records and the value of information contained in such records |
Liability due to: |
Liability Insurance |
Market
Basic Concept of Market |
