Assets
MPI Generali Commercial Insurance
About This Product
Business assets insurance protects your commercial assets such as plant, stock and equipment against loss or damage by a criminal act or natural disaster. Tailor this protection to meet your business needs.
Burglary Insurance
This policy is designed for commercial premises against the risks of:-
- Loss by theft consequent upon actual forcible and violent breaking into or out of a building.
- Damage to the property insured or to the premises as a result of the theft or attempted thereat.
Fire and Fire Consequential Loss Insurance
We insure your property against loss or damage by:
- Fire
- Lightning
- Explosion by:
- domestic boiler
- domestic gas cylinder not forming part of a gas work
Extension covered
- Looting following fire
- Temporary protection
- Expediting expenses
The Insurance can be extended to cover loss or damage caused by other named perils.
The coverage afforded under this Insurance protect against losses from interruption with business operation as a result of the occurrence of a fire or any other perils as insured under the Fire Risk Insurance.
Fidelity Guarantee Insurance
This policy covers direct pecuniary loss sustained by the employer by all acts of fraud or dishonesty committed by any of the employed named in the policy:-
- During the period of insurance, and
- During the uninterrupted continuance of employment of such employed, and
- In connection with his occupation
Loss is payable, if the fraud or dishonesty is discovered:-
- During the policy period
- Within 6 months after the expiry of the policy period
- Within 6 months after the termination of the employment of the employee concerned.
Whichever happens first.
Marine Cargo
This policy covers loss or damage to your goods caused by peril insured while in transit from one place to another by sea or by air or by rail or land conveyance.
The following is the types of coverage offered:
- Institute Cargo Clause (ICC) (A) 1.1.82
- Institute Cargo Clause (ICC) (B) 1.1.82
- Institute Cargo Clause (ICC) (C) 1.1.82
Please refer to the policy contract for the full list of terms and conditions under this policy.
With the payment of additional premium, the cover of this Policy may be extended to include the following coverage:
- War as provided in the Institute War Clauses (Cargo)
- Strikes as provided in the Institute Strikes Clauses (Cargo)
Marine Hull
This policy covers the vessel’s hull and machinery during their operation within the specified trading limits.
The covers include:
- Institute Time Clauses (Hull) covering Partial Loss and Total Loss of the vessel insured.
- Institute Time Clauses (Total Loss only) covering Total Loss (Actual Total Loss and Constructive Total Loss) of the vessel insured caused by perils:
- The following are some of the Major Exclusions in the Policy:
- War, Strikes, Malicious Acts Exclusion (this may be extended subject to an additional premium to be agreed)
- Nuclear Exclusion
- Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapon
Please refer to the sample policy contract for the full list of exclusions under this policy.
Goods In Transit
This policy covers loss, destruction or damage to the goods while in transit by a lorry, train or any other land conveyance or while temporarily housed in the ordinary course of transit within the territorial limit caused by named perils or accidental means.
There are two (2) types of cover afforded under this class of insurance:
- Inland Transit (All Risks) Clause covering against all risks of loss or damage to the insured goods while in transit by road/rail
- Inland Transit Clause (Lorry Clause) covering against loss or damage to the insured goods while in transit by road/rail caused by fire, lightning, and breakdown of bridges, collision, overturning or derailment. Loss as a result of theft is not covered.
Multi Biz Protector
Our Multi Biz Protector is a comprehensive insurance plan that protects your business against all possible risks.
The unique features of this Insurance include:
- Full Theft cover for losses within the premises up to RM50,000 or total sum insured of Section II – All Risks, whichever is lower.
- Cover for Portable Equipment up to RM1,000 outside your premises.
- Personal accident cover of RM10,000 per person for two (2) of your employees while carrying money to or from bank.
- Free cover up to RM1,000 each on:
- Innkeeper’s liability (applicable to budget hotels, homestay, boarding house and rest house operator)
- Signboard/neon sign damage due to fire and windstorm.
- Flexible — you have the choice to opt for the coverage which best suits your business requirements: four (4) choices of plans.
With a single Policy and proposal form for comprehensive cover, you can save on administration time and easy monitoring of expiry date. Plus the premium is very much affordable.
Burglary Insurance
This policy is designed for commercial premises against the risks of:-
- Loss by theft consequent upon actual forcible and violent breaking into or out of a building.
- Damage to the property insured or to the premises as a result of the theft or attempted thereat.
Fire and Fire Consequential Loss Insurance
We insure your property against loss or damage by:
- Fire
- Lightning
- Explosion by:
- domestic boiler
- domestic gas cylinder not forming part of a gas work
Extension covered
- Looting following fire
- Temporary protection
- Expediting expenses
The Insurance can be extended to cover loss or damage caused by other named perils.
The coverage afforded under this Insurance protect against losses from interruption with business operation as a result of the occurrence of a fire or any other perils as insured under the Fire Risk Insurance.
Fidelity Guarantee Insurance
This policy covers direct pecuniary loss sustained by the employer by all acts of fraud or dishonesty committed by any of the employed named in the policy:-
- During the period of insurance, and
- During the uninterrupted continuance of employment of such employed, and
- In connection with his occupation
Loss is payable, if the fraud or dishonesty is discovered:-
- During the policy period
- Within 6 months after the expiry of the policy period
- Within 6 months after the termination of the employment of the employee concerned.
Whichever happens first.
Marine Cargo
This policy covers loss or damage to your goods caused by peril insured while in transit from one place to another by sea or by air or by rail or land conveyance.
The following is the types of coverage offered:
- Institute Cargo Clause (ICC) (A) 1.1.82
- Institute Cargo Clause (ICC) (B) 1.1.82
- Institute Cargo Clause (ICC) (C) 1.1.82
Please refer to the policy contract for the full list of terms and conditions under this policy.
With the payment of additional premium, the cover of this Policy may be extended to include the following coverage:
- War as provided in the Institute War Clauses (Cargo)
- Strikes as provided in the Institute Strikes Clauses (Cargo)
Marine Hull
This policy covers the vessel’s hull and machinery during their operation within the specified trading limits.
The covers include:
- Institute Time Clauses (Hull) covering Partial Loss and Total Loss of the vessel insured.
- Institute Time Clauses (Total Loss only) covering Total Loss (Actual Total Loss and Constructive Total Loss) of the vessel insured caused by perils:
- The following are some of the Major Exclusions in the Policy:
- War, Strikes, Malicious Acts Exclusion (this may be extended subject to an additional premium to be agreed)
- Nuclear Exclusion
- Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapon
Please refer to the sample policy contract for the full list of exclusions under this policy.
Goods In Transit
This policy covers loss, destruction or damage to the goods while in transit by a lorry, train or any other land conveyance or while temporarily housed in the ordinary course of transit within the territorial limit caused by named perils or accidental means.
There are two (2) types of cover afforded under this class of insurance:
- Inland Transit (All Risks) Clause covering against all risks of loss or damage to the insured goods while in transit by road/rail
- Inland Transit Clause (Lorry Clause) covering against loss or damage to the insured goods while in transit by road/rail caused by fire, lightning, and breakdown of bridges, collision, overturning or derailment. Loss as a result of theft is not covered.
Multi Biz Protector
Our Multi Biz Protector is a comprehensive insurance plan that protects your business against all possible risks.
The unique features of this Insurance include:
- Full Theft cover for losses within the premises up to RM50,000 or total sum insured of Section II – All Risks, whichever is lower.
- Cover for Portable Equipment up to RM1,000 outside your premises.
- Personal accident cover of RM10,000 per person for two (2) of your employees while carrying money to or from bank.
- Free cover up to RM1,000 each on:
- Innkeeper’s liability (applicable to budget hotels, homestay, boarding house and rest house operator)
- Signboard/neon sign damage due to fire and windstorm.
- Flexible — you have the choice to opt for the coverage which best suits your business requirements: four (4) choices of plans.
With a single Policy and proposal form for comprehensive cover, you can save on administration time and easy monitoring of expiry date. Plus the premium is very much affordable.
Not sure which coverage suits you?
Please contact our customer service team for further assistance.
