Coverage Period
1 YEAR, RENEWABLE ANNUALLY
Type of Business
COMMERCIAL EXCLUDING MANUFACTURING RISKS
A-Essential Business protects your business and the building where the operation takes place and acts as a financial safety net to help you cope with the impact should something unexpected happen to your business. A comprehensive protection is offered to you with flexibility to customise a plan that suits your business needs at an affordable premium.
PROTECTION AGAINST LOSS OR DAMAGE TO THE PROPERTY
This plan protects your business from any loss or damage to the building or content (due to fire and other perils), including breakage of glass or damage to signage and signboard fitted to the insured building within the premises. Besides, you will also receive an additional inconvenience allowance of up to RM 5,000 for any temporary closure or cessation of business operation due to fire or flood (if flood peril is insured). This allowance is complimentary under the Fire coverage.
FINANCIAL PROTECTION
Your business will be covered against financial loss due to theft, burglary or armed robbery, including loss of money in the premises or while in transit. Your business will also be protected from loss of money due to illegal interception during an authorised online transaction, and any loss of money or goods due to fraudulent act committed by your employees. In addition, you have the option to enhance your protection to cover loss of income and extended operating costs following business interruption as a result of fire and other perils.
LIABILITY COVERAGE
This plan protects you against legal liability for third party bodily injury or property damage arising from your business, and your liability at law to pay compensation on bodily injury sustained by your employees in the course of employment.
ACCIDENT PROTECTION
This plan covers you and your employees against any accidents resulting in death or permanent disablement.
PROTECTION FOR MACHINERY AND OFFICE EQUIPMENT
The machineries used in your business will be well protected against any unforeseen and sudden physical loss or damage caused by defects, faulty design, bad workmanship and etc. This plan also provides protection to your office equipments, computers and peripherals against loss or damage by any accidental causes unless such perils are specifically excluded.
SUM INSURED- BUILDING COST CALCULATOR
If you wish to get the estimated rebuilding cost of your property to estimate the sum insured, you may use the Building Cost Calculator (BCC) on PIAM's website at the following link http://www.piam.org.my/consumer/industry/building-cost-calculator-bcc/ and complete the questionnaires provided. Please inform the Company if you wish to revise the sum insured. Any revision to the sum insured is subject to the Company's approval.
Malaysia
