SME Plus

Compulsory

Safeguard your property, physical assets & fulfil your legal obligations
(Choose minimum 1)

1. Fire and Special Perils
Cover loss or damage to your property caused by fire, lightning and domestic explosion. For an additional premium, you can extend coverage to these risks.

• Aircraft damage
• Explosion
  – Industrial with/without boilers
  – Non-industrial with/without boilers
• Impact damage (Including your own vehicle)
• Bursting or overflowing of water tanks apparatus or pipes
• Riot, strike and malicious damage
• Damage by falling trees or branches and object there from
• Cold Storage Clause A and B
• Sprinkler leakage (on Building and on Contents)
• Electrical Installations Clause A and B
• Earthquake and volcanic eruption
• Storm/tempest
• Flood
   

2. All Risks
Cover for Loss or damage to property insured caused by fire, burglary, accidental damage and other causes not specifically excluded under the policy.

• Mobile items i.e. notebook, camera, handphone, etc.
• Non-mobile items i.e. office equipment, computer, electronic equipment, etc.
• To identify the high exposure risk items – For instance, Jewellery, stock in trade, equipment used for underwater activities, tower crane/mobile crane, and offshore machinery tools.

Protect your physical assets and fulfill your legal obligations
(Choose minimum 1)

1. Glass
Cover against accidental breakages to the fixed glass at your premises.

2. Fidelity Guarantee
Cover against any direct pecuniary loss you may sustain through act (dishonesty) by your employee such as act(s) of forgery, embezzlement, larceny or fraudulent conversion. The coverage is not limited to loss of monies but also cover loss of real property and merchandise (stock-in-trade) belonging to you.

3. Burglary
Cover property that belongs to you or is held by you in trust or on commission, against

• Loss by theft resulting from forcible and violent entry
• Any attempt thereat including Armed Robbery and Hold-up
  
  

4. Machinery Breakdown
Cover against sudden and unforeseen physical damage to your machinery whether at work or at rest and during cleaning, inspection, over-hauling, and removal to another position within the premises during subsequent re-erection.

5. Public Liability
Cover against all sum which you shall become legally liable to pay for compensation in respect of:
i)  Bodily injury or illness to Third Party;
ii) Loss of or damage to third party property
as a result of an accident arising out of your negligence

6. Employer’s Liability
Cover against liability at law to pay compensation to your employee (s) including costs and expenses in respect of accidental bodily injury or disease arising out of and in the course of employment. 

7. Money
Cover money that is

• Lost
• Destroyed
• Damaged

whilst in transit or kept in your premises as stated in the Policy Schedule

Smart 1 – Other Optional Covers

1. Fire Consequential Loss
Cover against loss of profits resulting from business interruption or interference in consequence of loss or destruction or damage to Insured’s property under the Fire policy subject to the terms, exceptions and conditions of the policy

2. Electronic Equipment
Cover against any unforeseen and sudden loss or damage to the computers, accessories and peripherals (if insured) from any accidental causes other than those specifically excluded.