Malaysia Business Insurance

ACPG Management Sdn Bhd, An Corporate Insurance Agency since year 1989 in Malaysia, ACPG arrange and provide services such like Motor Insurance, Medical Insurance, Malaysia JMB Insurance, Strata Title Insurance, Car Insurance, Construction Insurance, Renovation Insurance, Public Liability Insurance, Car Insurance, Marine Cargo Insurance, Event Liability Insurance, Product Liability Insurance, Group Hospital and Surgical Insurance, Travel Insurance, Foreign worker insurance,

Saturday, 6 July 2013

Medical and Health Insurance arranged by Malaysia Medical Insurance Orga...

Malaysia Medical Insurance Organization (MMI)
Your Trusted Malaysia Medical Insurance Advisory Organization
+603-92863323
www.medicalinsurance.com.my

During these solid 23 years of "hard ground" experiences, we "MMI" have developed wide range of Malaysia Medical and Health Insurance product suits for Malaysian.

These solid years of experience has earned MMI a reputation of " THE LARGEST MALAYSIA MEDICAL AND HEALTH INSURANCE ORGANIZATION".

MMI have many successful medical and health insurance schemes with proven track record and in the process of arrange many more new medical and health insurance products.
MMI have a team of young, trusted, experienced, qualified and dynamic team in nationwide and are prepared to take upon any new challenges with the ever changing landscape of the medical and health insurance industries.

MMI provided medical and health insurance professional training course and having experienced help desk support officer, friendly customer services officer and prompt service claim support officer at MMI head office and nationwide.

MMI registered associate members have at least have more than five years experience in medical and health insurance policy. And they have acquired medical insurance knowledge at leading insurance companies. In fact, most of them are attached to prestigious insurance companies in Malaysia.

In addition, MMI registered associate members have a proven track record of servicing more than 100,0000 clients or policy holders in Malaysia Medical and Health Insurance coverage since year 1989.

MMI have more than 300 registered associate members at Nationwide is your Trusted and Experience Medical Insurance senior advisors.

Our vision, Mission, Guiding Principles, Core Values & Service Intent Statement

OUR PURPOSE
Our clients come to meet us with their insurance needs. We will fulfill these needs by designing and delivering sound professional advice and provide practical solutions. They can expect superior value and quality services at all times.

We seek to build and treasure viable long-term relationships with all our clients. If we cannot meet their needs, we will explain why, offer alternatives and work to assure them that we have tried our best.

OUR PHILOSOPHY
We seek to build and have people who are adaptable, balanced, and competent. Just as we value strong and sustainable partnerships with our clients, so it is with our staff and our business associates.

To achieve the sales target and become the Most Knowledgeable and Respectable Insurance intermediary by providing the best coverage to suit our clients need and to provide them sound professional advice before policy inception until claim settlement.

To be the most Organized and Respectable Insurance Intermediary in this region. The Niche market player with "MALAYSIA MEDICAL INSURANCE SOLUTION SERVICES ". Our service standard are beyond comparison and contract.

OUR VISION
M - Moving one step ahead and always deliver what we promised.
M - Managed and committed deliver service.
I - Innovative, Professional knowledge and committed to our clients.

MISSION STATEMENT
Together, we are committed.

To serve our customers as a dedicated and responsible medical insurance advisor and medical insurance solutions provider.

To provide our employees with a dynamic work environment that will challenge, motivate and reward them.

In all our journey to excellent, we aspire to set legend in the Malaysia medical insurance industry.
Your Risk, We Advise
Your Claim, We Manage
Your Problem, We Solve

GUIDING PRINCIPLE
Long term benefits should not be sacrificed for short term gains.

VALUES
1. Integrity
2. Being Professional
3. Confront Problems Immediately
4. Pay Attention To Details To Achieve Perfection
5. Be Bold
- Hiring Process
- Product Development
- People Development

MMI Provided an Insurance Solution Services for Malaysia Medical and Health Insurance Coverage plan or policy as below :

Medical Insurance coverage,
Health Insurance,
Medical Care Insurance,
Medical Card Admission Benefits insurance,
Hospitalisation Insurance,
Surgical fees and Anesthetist fees Insurance coverage,
Specialist Consultant, Surgeon and Physician expenses Insurance coverage,
Accident Income Insurance,
Accident Disablement Insurance,
Accident Medical Expenses Insurance Accidental Insurance,
Traveling Medical Expenses Coverage Insurance,
Traveling Accident Expenses Coverage Insurance,
Disablement Insurance coverage,
Dread Disease Insurance coverage,

Above mention medical and health insurance coverage plan or policy is commonly known, is the most basic form of protection for individual or group workers or employees benefits. It prevents you and your family from having to pay for expensive hospital procedures should an accident, illness or disability occur in Malaysia or oversea when you and traveling.

Underwritten by Malaysia Insurance company

Accidental Hospital Income Insurance arranged by Malaysia Medical Insura...

Malaysia Medical Insurance Organization (MMI)
Your Trusted, Experience and Largest Medical and Health Insurance Solution Provider in Malaysia.

You are special to your loved ones as much as they are to you. We take care of this exceptional relationship with value-packed features towards bonding the family unit together. Plan ahead, and shift the responsibilities of life's uncertainties to us.

Should the unthinkable happen, rest assured your loved ones are well protected.

Malaysia Medical Insurance Organization (MMI) Personal Accident Insurance Plan is designed to provide you with the traditional cover as well as enhanced features for your family to ensure their protection in time of need as well as continuity in their accustomed lifestyle. It will also protect you and your beloved family against modern day uncertainties, making it truly a premier choice.

Malaysia Medical Insurance Organization (MMI) , has arrange an comprenhensive personal accident insurance plan, provides financial protection for you and your family in the event of accidents - 24 hours a day, anywhere in the world.

Accidental Death and disability
MMI personal accident insurance plan will pay cash benefits in the event of any accidental death or total/ partial permanent disablement.

Death occuring on public conveyance
In the event that Accidental Death occurs whilst an Insured Person is on a Public Conveyance, the amount payable up to 200% of the sum insured.

Renewal bonus
Upon renewal of this policy, the sum insured for Death and Permanent Disablement shall beincreased by 5% per year up to a maximum of upto 100% of the original amount.*

Medical expenses
MMI personal accident insurance plan will pay your medical expenses in the event you require medical treatment from a hospital or clinic due to an accident.

Chinese medication expenses
For a treatment by a registered Chinese herbalist/bonesetter, you will also be paid up to RM500 for every accident on top of the medical expenses.

Prostheses
MMI personal accident insurance planwill pay for the necessary cost of purchasing wheelchair, artificial arm or leg and crutches.

Ambulance fees
MMI personal accident insurance plan will pay the ambulance cost to bring the Insured Person to the hospital following an accident.

Daily hospitalisation allowance
A daily cash allowance is paid for each day that you are hospitalised - in addition to your medical bills.

Weekly nursing care charges
A weekly cash allowance is paid for special nursing care if post-hospitalisation nursing care is considered necessary by the hospital.

Immediate cash relief for fatal accident
MMI personal accident insurance plan will pay a lump sum of emergency cash to the next of kin in the event of death to the Insured person.

Repatriation of mortal remains
In the event of death, MMI personal accident insurance plan pays for the cost of cremation in the locality where death occurs or the expenses of transporting the mortal remains back to Malaysia.

Personal liability
MMI personal accident insurance plan will cover your liabilities, should you be liable to pay a third party for accidental bodily injury or accidental property damage.

Bereavement expenses for death due to dengue fever
MMI personal accident insurance plan will pay a bereavement expense of RM10, 000 in the event of death to the Insured person due to Dengue Fever, Malaria, Japanese Encephalitis and Influenza A (H1N1).

16 Special coverages
Motorcycling
Murder and assault (unprovoked)
Disappearance
Drowning
Suffocation through smoke, fumes and poisonous gas
Poisonous insect or snake bites
Exposure to weather element
Food and drink poisoning
Amateur sports
Racing on foot
Hunting on foot
Mountaineering (not involving the use of ropes or guides)
Strike, riot and civil commotion
Hijacking
Intoxication
Terrorism (excluding the use of biological and chemical substances)

* Provided no claim has been made from any section of the policy.

Malaysia Medical Insurance Organization (MMI)
Head Office,
158-3-7, BLOK 158, KOMPLEKS MALURI,
JALAN JEJAKA, TAMAN MALURI,CHERAS,
55100 KUALA LUMPUR, MALAYSIA.
MMI careline +603-92863323
mmicare@medicalinsurance.com.my
www.medicalinsurance.com.my

Medical Care and Healthcare Insurance arranged by Malaysia Medical Insu...

Affordable Malaysia Health Insurance & Medical Insurance Plans

Malaysia Medical and Health Insurance (Range of Medical Insurance Plan)
Arranged by Malaysia Medical Insurance Organization (MMI)

Malaysia Medical and Health Insurance

Type of Medical and Health Insurance provided by Malaysia Insurance Company
Medical Insurance, Health Insurance, Medical Care Insurance, Medical Card Admission Benefits insurance, Hospitalisation Insurance, Surgical and Anesthetist fees Insurance coverage, Specialist and Physician expenses Insurance coverage as it is commonly known, is the most basic form of protection. It prevents you and your family from having to pay for expensive hospital procedures should an accident, illness or disability occur in Malaysia or oversea when you and traveling.

Fulfilling Your Total Healthcare Needs

With "MMI" , you are covered worldwide 24 hours a day with hassle free hospital admission and payment of medical bills.

All you have to do is select from a choice of "MMI" plans that suit your needs to enjoy absolute convenience and hassle free hospitalization admission!

Benefits:
• Choice of cashless and non-cashless options.
• Comprehensive coverage on Hospitalization & Surgical Expenses and Out of Hospital Benefits.
• Extensive domestic and international assistance program.
• More attractive plans to suit your needs.

Any enquiry, please contact our "MMI" Customer Service Careline +603-92863323 or email to enquiry@medicalinsurance.com.my.

Malaysia Medical Insurance Organization (MMI)
Head Office,
158-3-7, BLOK 158, KOMPLEKS MALURI,
JALAN JEJAKA, TAMAN MALURI,CHERAS,
55100 KUALA LUMPUR, MALAYSIA.
MMI careline +603-92863323
mmicare@medicalinsurance.com.my
www.medicalinsurance.com.my

Friday, 5 July 2013

Malaysia Largest Insurance Solution Provider for Commercial Insurance (B...

ACPG Management Sdn Bhd Corporate Video
for Commercial Insurance or Business Insurance Services

Malaysia Experience Insurance Solution Provider for Malaysia Business Ins...

ACPG Management Sdn Bhd Corporate Video
for Individual Insurance or Personal Insurance Services.

Malaysia Home Insurance arranged by ACPG Management Sdn Bhd

Malaysia Home Insurance
Arranged by
ACPG MANAGEMENT SDN BHD
Your Trusted and Experience Malaysia Largest Risk Management Insurance Solution Service Provider since year 1989.
ACPG Careline +603-92863323
Email : enquiry@acpgconsultant.com
www.acpgconsultant.com

House Owner Insurance (Comprehensive Coverage)

Building including Extension and Renovation, fixtures, fittings therein, garages, walls, gates and fences around the house.

Coverage provided under the policy

- Fire, Lightning, thunderbolt, subterranean fire.
- Explosion.
- Aircraft Damage.
- Impact damage by road vehicles or animals.
- Earthquake or volcanic eruption.
- Flood
- Hurricane, cyclone, typhoon or windstorm,
- Busting or overflowing of water tanks, apparatus or pipes
- Riot, Strike and Malicious Damage*
- Landslip & Subsidences**
HOUSE OWNER AND HOUSE HOLDER INSURANCE
Introduction
This insurance covers private dwellings against fire and other perils
as listed hereunder: houseowners of the policy is designed to cover the
building whilst householders of the policy is designed to cover the
household contents therein.
Fire lightning, thunderbolt, subterranean fire
Explosion
Aircraft and other aerial devices and / or articles dropped therefrom
Impact with any of the building by any road vehicles or animals not
belonging to or under the control of the insured or any member or his
family
Bursting or overflowing of domestic water tanks, apparatus or pipes excluding :-
In respect of each and every loss the amount stated in the schedule
Destruction or damage occurring while the private dwelling house is left untenanted.
Theft but only if accompanied by actual forcible and violent breaking into or out of a building or any attempt thereat/

Strata Property Insurance
ACPG provide most comprehensive insurance package for apartments and condominiums. It covers common risks beyond the standard coverage against fire, lightning, impact and water damage.
With the insurance package you are able to extend the cover for the management office equipment and machinery to protect against accidental damage and theft, as well as protection against robbery and burglary for cash in your premises.
Imagine a visitor accidentally falls whilst at your premises. This kind of incident could lead to millions in defense and negligence claims. Public Liability Insurance option eases that worry. The coverage helps pay your legal liability against third party property damage and bodily injuries. It will also pay all costs and litigation expenses incurred.
Management Corporation/ Joint Management Bodies :
According to the BCPMM Act which came into effect on 12 April 2007, all stratified properties previously maintained and managed by Developers upon the issuance of certificates of fitness by the local authorities , pending the issuance of strata titles , will have to be handed over to the Joint Management Bodies (JMB ) .
The JMB'S will have to hand over the maintenance and management of the said properties to the respective Management Corporations upon the issuance of Strata Titles . One of the requirement under Strata Title Act/ BCPMM Act is that the Management Body is required to insure and maintain adequate insurance.
Liability Insurance for MC/ JMC
The Insurer will pay for defense cost and settlement due to breach of duty by reason of any Negligent Act/ Errors and Omissions/ Wrongful Act during the Policy Period committed or allegedly committed by the Insured
Wrongful Act means any actual or alleged non-compliance of statutory duties under Building and Common Property ( Maintenance and Management ) Act 2007 (Act 663) and Part VI and VII of Strata Titles Act 1985 (Act 318) or any amendments thereto
* BCPMM - Building and Common Property Maintenance and Management
* JMB - Joint Management Bodies

ACPG MANAGEMENT SDN BHD
158-3-7, BLOK 158, KOMPLEKS MALURI,
JALAN JEJAKA, TAMAN MALURI, CHERAS,
55100 KUALA LUMPUR, MALAYSIA.
TEL : +603-9286 3323 / +6011-1223 9838
FAX : +603-9282 3232
EMAIL : enquiry@acpgconsultant.com
HOMEPAGE : www.acpgconsultant.com

Malaysia Home Content Insurance arranged by ACPG Management Sdn Bhd

Malaysia Fire Insurance, Malaysia House Owner Insurance, Malaysia Fire Rental Loss Insurance
Arranged by
ACPG Management Sdn Bhd
Your Trusted and Experience
Malaysia Largest Risk Management Insurance Solution Services Provider since year 1989.
ACPG careline +603-92863323
Email : enquiry@acpgconsultant.com
www.acpgconsultant.com
ACPG Management Sdn Bhd offer professional insurance risk management solution services

Malaysia Commercial Insurance

1. Motor
• Motor
• Private / Commerce
• Auto Assistance
2. Fire
• House owner
• Householder
• Loss of Profits
3. Engineering
• Contractors' All Risks
• Erection All Risks
• Bond Insurance / Insurance Guarantee
• Machinery Breakdown
• Equipment All Risks
• Machinery All Risk
4. Workmen's Compensation
5. Liability
• Public Liability
• Employers' Liability
• Product Liability
• Professional Indemnity
• Management Liability
• Errors & Omissions Insurance
6. Marine
• Marine Cargo
• Goods In Transit
7. Group Accidental & Health Insurance
• Foreign Worker PA (FWCS)
• Foreign Worker Hospitalisation and Surgical Insurance (SKHPPA)
• Insurance Guarantee (IG) for Foreign Worker
• Business Travel Insurance
8. Miscellaneous
• Burglary
• Money
• All Risks
• Mobile Plant & Equipment
• Plate Glass
• Fidelity Guarantee
• Office Equipment All Risk
Commercial Insurance -- Special Risk Solution for Ultimate Range
• Office
• Services
• Retail
• Food & Beverage
• Value Hotels
• Light Manufacturing
• Condominium & Apartment

Personal (Individual) Insurance

1. Personal Accident/ Liability
• Golfer's Insurance
• Group PA
• Traveller's Insurance
• Motor Passenger PA
• Personal Liability
2. Hospital & Surgical
• Group Hospital Benefits
• Hassle Free Admission Hospital & Surgical Plan (Medical Card)

3. Medical, Income, Retirement and Education
• Disability Income Plan
• Income Replacement Plan
• Dread Disease Plan
• Cash Less Payment Health & Medical Card Plan
• Mortgage Liquidation Plan
• Motor Vehicle Hire Purchase Liquidation Plan
• Children Education Plan
• Retirement Income Plan
• Lady special Illness Protection Plan
Business Insurance Services
• Keyman Protection Plan
• Partnership Protection Plan
• Business Obligation Plan
• Employee Benefit Plan
• Investment Linked Plan

Your Trusted and Experience
Malaysia Laregst Risk Management Insurance Solution Services Provider since year 1989.
ACPG Mangegement Sdn Bhd
158-3-7, BLOK 158, KOMPLEKS MALURI,
JALAN JEJAKA, TAMAN MALURI, CHERAS,
55100 KUALA LUMPUR, MALAYSIA.
TEL : +603-9286 3323 / +6011-1223 9838
FAX : +603-9282 3232
EMAIL : enquiry@acpgconsultant.com
HOMEPAGE : www.acpgconsultant.com

Malaysia Insurance Information

Liabilities Insurance
Directors & Officers Management Liability
Protection from financial losses as a consequence of acts, errors or omissions, including securities and employment practices claims, suffered in the course of their business activities.What Is Directors’ and Officers’ Liability Insurance?

Director's and Officers' Liability insurance quite simply is designed to protect Directors and Officers against personal liability that they may incur in respect of amounts which they are liable for, in respect of claims made against them arising out of the performance of their duties.

Example of the types of personal liabilities are:

a) Civil Damages or Settlements
b) Financial Losses suffered by third parties
c) Defense Costs

Scope of Cover:

Pay on behalf the Director's and Officers' (D & O) of the company against loss arising from any claim(s) made
against them jointly or severally by reason of any wrongful act
committed or alleged to have been committed by them in their capacity as D & O of the company.

The policy comes in two parts:
1) Director & Officer section - Indemnify the Director&
Officer personally in respects of claims made against them resulting in
a) Civil damages and settlement.
b) Cost & expenses.

2) Company Reimbursement Section - On any claim made against the Directors’ & Officers

Policy Form:

Director's and Officers' Liability insurance (D&O)
policy covers "Directors and Officers (insured persons)” for "claims” made against them alleging a "wrongful act” first made and notified during the policy period. i.e. This is a claims made policy.

If a Retroactive date is stated, the policy would cover claims made as a result of " Wrongful Act” committed after the retroactive date.

Extensions:

• Past, Present & Future D & O of Holding Company
• D & O of subsidiary company
• Outside Directorship
• The lawful spouse , estates, heirs or legal representatives
• Employment Practices Liability Extension (Non-Entity)
• Additional Notification of 45 day
• Advance payment of defense cost

The information provided above is intended as a summary only. For full details of Director's and Officers' Liability insurance (D&O) cover, conditions and exclusions please refer to Malaysia insurer Directors and Officers Insurance (D&O) policy wording.

SME Directors and Officers Liability Insurance

SME Directors and & Officers Liability insurance is designed to help protect a wide range of small to medium size companies.

Directors and Officers of Small Medium Enterprises (SMEs) may not be aware of the potential threat they are exposed to. Directors and Officers Liability Insurance is just as relevant to the SMEs, as to the large national or multi-national organizations.

This policy is designed to protect the personal assets of the
Directors and Officers by providing indemnity for loss arising from a claim as a result of a ‘wrongful act’ like breach of duty, neglect,
error or misstatement committed by them in the course of performing their duties in their capacity as Directors and Officers of their company.

Who is eligible for SME Directors and Officers Insurance?

SME Directors and Officers Insurance is available for the profitable companies who have been in business for more than two years with annual turnover of up to RM100million.
Both privately owned companies (Sendirian Berhad) and companies listed on Bursa Malaysia Berhad are eligible to apply for this insurance.

Eligible Industries are :-

1. Advertisement, promotions, event organizers, TV/Film producers
2. Agricultural production and fishing
3. apparels, finished products, furniture
4. Building contractors
5. chemical manufacturers/distributor
6. Construction (heavy and building construction)
7. Departmental Store, emporiums, supermarkets, mini markets & shopping complexes
8. Educational Institutions (school, universities, colleges)
9. Electronic components manufacturing
10. Entertainment centers including cinemas
11. Freight and shipping
12. Golf and country club, amusement park operator
13. Gyms and yoga centers
14. Hospital, medical centers and dialysis centers
15. Hotels
16. Industrial plants
17. Interior designers
18. Manufacturing
19. Non-profit organization
20. Plantations
21. Power Plants

22. Property development

23. Radio, tv station/broadcasting, studio and wireless page

24. Restaurants, bars and pubs

25. Retailers, boutiques, showrooms

26. Stone, clay, glass, metal and concrete products

27. Tour operator

28. Tuition centers, music and dance school, education training centers, driving schools

29. Utilities companies

30. Wholesale trade (durable and non-durable goods
No proposal form is required. What we need is just the following information:

Name of the Insured
Industry
Annual Revenue
Privately owned or listed on Bursa Malaysia

SME Directors and Officers Liability Insurance Coverage:

1. Worldwide coverage
2. Full Retroactive cover

3. Legal Representation Costs (worldwide) not tied to "wrongful act”

4. Automatic New Subsidiary cover

5. Broad definition of Insured (include Employee, Trustee of trust fund or pension scheme), Heirs, Legal Representatives, Estates, Lawful Spouse

6. Defence Cost for liability under Clause 46 of the Employee Provident Fund Act 1991 up to full policy limit

7. Defence Cost in respect of Involuntary Manslaughter up to policy limit

8. Defence Cost for Pollution Claims

9. Defence Costs for Pollution Derivative Action Claim up to
full policy limit

10. Defence Costs of Professional Services Derivative Action Claims up to full policy limit

11. Full Severability

12. Non Rescindable

Policy Form:

D & O policy covers "Directors and Officers (insured persons)” for "claims” made against them alleging a "wrongful act” first made and notified during the policy period. i.e. This is a claims made policy.

The information provided above is intended as a summary only.

For full details of cover, extensions, conditions and exclusions please refer to Malaysia insurer SME Directors and Officers Insurance policy wording.

Professional Liability Insurance Malaysia

Professional Liability Insurance
Provide financial protection against costs of defending legal actions and any damages that may become payable. Suitable for professions such as accountants, management consultants, IT consultants, software developers, IT outsourcing specialists, telecommunications companies, publishers, printers, public relations companies, etc.

Being in a top position in a company comes with its own risks. You are usually the decision maker for all the company’s plans and future choices. It’s a risky job but somebody needs to do it and that’s why your position and experience is essential to the company’s growth.

Historically professional indemnity (PI) insurance was focused on the traditional professions such as solicitors, accountants, architects and engineers and were limited to a few specialist insurers.

Today, professional indemnity (PI)
insurance has moved from its traditional home and has taken off as specialist class of insurance. The most profound development has been the extension of professional indemnity (PI) insurance beyond the traditional professions to other advisors and consultants. In addition, traditional professionals have been expanding into other and related sectors : solicitors have been acting as barristers and financial advisers, accountants and auditors have been moving into the highly profitable areas of management and computer consultancy.

Scope of Cover:

Professional Indemnity Insurance (PI) protects the professional against legal liability to pay damages to persons who have sustained financial loss arising from their own professional negligence or that of their employees in the conduct of the business.

Professional Indemnity
(PI) insurance policy offers indemnity strictly on legal liability
basis. In addition to indemnifying the professional insured against his professional liability, a Professional Indemnity (PI) Insurance Policy indemnifies him for defense cost and expenses incurred in respect of claim to which the policy applies

Policy Form:

Professional Indemnity (PI) insurance cover is granted on a ‘claims made’ basis.

The policy would therefore indemnify the insured against all
claims first made during the period of insurance. If a Retroactive date is stated, the policy would cover claims made as a result of negligent act, error or omission committed after the retroactive date.

Extensions:

• Partners’ previous business
• Dishonesty of Employees
• Libel and Slander
• Loss of documents
• Retroactive Cover
• Joint Venture Cover
• Newly Created or acquired entity or subsidiary
• Run Off cover insured entity or subsidiary
• Estates and Legal Representatives
• Outgoing Principals
• Consultants, Subcontractors and Agents
• Intellectual Property

The information provided above is intended as a summary only.

For full details of Professional Indemnity (PI) insurance cover, conditions and exclusions please refer to Malaysia insurer Professional Liability Insurance policy wording for the respective Profession.

Public Liability Insurance Policy
in Malaysia:
What You Need to Know

Public Liability Insurance protects
an individual and their business in case they are found legally
accountable to a third party. In general, it is a medium that guarantees set elements to injured parties under law.

Normally, such policies pay for any legal expenses, penalties
resulting from claims and even medical expenses if needed.

It only covers third party claims and not claims made by employees, as these come under employees liability insurance.

Should Your Business Have Public Liability Insurance?

Public liability insurance is an umbrella under which a large
variety of risks and situations are covered, and any business that deals with the general public takes it out to protect themselves against lawsuits.

In today’s litigious society, people are quick to file lawsuits when suffering any loss, damage to their property, or injury due to the negligence of a business. With a greater number of cases going to court, liability insurance has become broader in what it encompasses. The need for businesses to hold public liability insurance has increased over the last few years.

The insurance is essentially voluntary, with the exception of
some public events and facilities where the licensing authority makes it mandatory.

Additionally, organizations that operate voluntarily with the support of the local council are also required to carry public liability insurance.

Most businesses and organizations are becoming increasingly
aware of the potential to be sued and so consider public liability insurance an essential requirement. While it is now included in most business insurance packages like home, shop, restaurant and other insurance packages, it is also sold separately.

Who Needs Public Liability Insurance?

Professionals and business owners are generally the ones at the most risk of being sued, as they deal with a large client base on a regular basis. However, some professionals get greater benefit from taking out a public liability insurance policy than others. Any business, large or small, that interacts with customers at their place of business is at risk of being sued and so should make use of this protection. Also, note that the greater the number of people visiting the venue, the higher the risk.

Considering that just a single claim has the potential to
bankrupt a business or a professional, it is best to be protected.

Amount of Coverage & Other Facts

It is common for business owners to take public liability
insurance for the amount of RM 1 million, but RM 5 million packages are becoming increasingly popular. With more people willing to take businesses to court for the smallest mistakes, public liability insurance is no longer considered optional. In fact, some sites do not even allow tradesmen or sub-contractors on location unless they carry a Public Liability Insurance Certificate of Currency.

Within Malaysia, public liability insurance is fully portable,
meaning it covers an individual from site to site, as long as one
continues to work in the same trade. In case of a change of trade, it becomes necessary to inform the insurer or the policy may become void.

Additionally, every tradesman should have their own policy as
the head contractor’s policy many not be sufficient. At times, the head contractor’s insurer will make the pay-out on a claim, but then sue the sub-contractor to recover its money. Needless to say, different
occupations and situations have different risks, and the insurer must take those into consideration when writing a policy or note them accordingly to ensure that full coverage is provided to the policy holder.

Cost and Coverage of Public Liability Insurance

Public Liability insurance premiums are determined based on a number of different factors, including

The nature of the business or contract velue or sum insured cover amount.

The number of employees and contractors a business has.
At times, they even depend on the business turnover.
The larger the physical premises of a business and the more
employees there are, the higher the premiums are likely to be. The insurance rates depending on the insuring company.

Summary
Public liability focuses on civil wrong. The wronged person sues the owner on the basis of incidents of neglect. If the occupier or owner of an establishment is found to be responsible for the harm, damage or injury, the claimant wins and is awarded compensation.

Public liability insurance is without a doubt the most
justifiable cost for a business, as in its daily course of public
interactions it is under a continuous threat of being sued. A single law suit has the potential to financially ruin a business; public liability insurance offers protection.

Employers' Liability Insurance
Employer's Liability Insurance Policy is designed to provide indemnity to the Insured against his liability at law and claimants' cost for bodily injuries or diseases to Insured's Employees arising out of and in the course of their employment.

Scope of Cover

The Employer's Liability Insurance Policy indemnifies the Insured against liability at law to pay compensation and claimant's costs and expenses in respect of the bodily injury by accident or disease to the Insured's Employees for which he is liable and will in addition to pay all costs and expenses with the Company's written consent.

What Is Public Liability Insurance?
Public liability is a special form of insurance which is designed to protect business owners from the financial fallout that comes when things go wrong.

As a business owner there are dozens of different risks that you face every day. One of the biggest risks is that your business causes property damage or personal injury to a customer or member of the public.

What does public liability cover?
Your public liability insurance policy will cover you for the financial costs of a claim which involves personal injury or property damage to another person.

It is important to remember that public liability does not cover
personal injury to yourself or your staff, or damage to you or your staff’s property.

The best way to understand what is public liability insurance is to look at some examples of common claims.

Claims – Property Damage
There are many ways in which your business activities can result in damage to someone else’s property.
Damage which is generally covered by a public liability insurance policy includes damage which you cause directly, such as knocking over a valuable vase whilst working in someone’s house.

There can also be damage which occurs at a later date.

For example
you may have installed an electrical switch in a home, then two weeks later the house could be damaged due to you installing the wiring incorrectly.

Claims – Personal Injury
Personal injury claims are often the most financially damaging when it comes to public liability.

Common public liability claims for business owners can include a customer or visitor tripping and falling whilst on your business
premises, where it can be shown that the fall was due to the actions (or inaction) of your business.

How much does public liability cover?
Public liability policies are available in a range of sizes. Here in Malaysia you can generally obtain a policy in the following sizes:

RM 1,000,000
RM 2,000,000
RM 5,000,000
RM 10,000,000
RM 20,000,000

Some insurers also issue policies of RM 15 million, however those listed above are the most common.
In special circumstances it is possible to obtain a public liability insurance policy for a larger amount, however this is generally not required for most businesses unless they are doing something out of the ordinary.

More information on public liability insurance
If you require more information on this form of insurance or would
like to obtain a public liability quote please speak with ACPG insurance
professional consultant or any other suitably qualified insurance
professional

Public Liability Quotes By ACPG Managment Sdn Bhd (ACPG)
Once you have made the decision to take out a public liability insurance policy for your business or organization, the next step is to obtain quotes.

Obtaining quotes is an important part of the public liability process, as you need to budget for the cost of the insurance, as well as compare various quotes to ensure you are getting the best value for money.

Do it properly
There is no point in looking for public liability quotes if you don’t know exactly what cover you need for your business.

You could of course just take out the cheapest public liability
insurance policy you can find, but if the policy is not suitable for your business then you are just wasting your money anyway.

So before you start looking for quotes, you first need to do you research and find out which type of public liability policy is going to suit your needs best.

If you are unsure of which type of policy you should choose, it is recommended that you speak with an insurance broker. In most cases the broker can also obtain the quotes for you if wish.

Obtaining quotes
There are a few different ways in which you can obtain quotes on your public liability cover.

Many business owners and operators obtain quotes from a qualified insurance broker.

This is certainly a good option, as you can rely on the expertise of the broker to help you choose the right policy.

The only downside to using a broker is that they will generally
charge you an additional fee for their service, but many business owners find this fee worthwhile due to the service and advice that they receive.

For business owners who are comfortable in researching and choosing their cover themselves, another option for obtaining quotes is to go online.

There are various websites which provide quotes for public liability insurance.
Some are owned by the insurance companies, whilst some are owned by independent groups.

Going ahead Once you have gathered all of your public liability quotes the next step is to proceed with the cover and get your business protected.
The good news is that however you get your quotes, the same method will be available to proceed with the insurance if you wish.

ACPG insurance professional consultant can help you through the application and proposal process, and many of the websites offering quotes also have online application systems available.

For more information or to obtain quotes on your public liability insurance please contact ACPG insurance professional consultant.

Domestic Appliance Installation Public Liability
Public Liability Insurance is an insurance policy where a tradesman can insure against any third party injury or any third party property damage that they may cause during the course of their work. Although this is not an insurance that is legally compulsory you will find that most companies are now insisting that this be in place before you can undertake any work for them, this could even result in them withholding any monies that you have earned until you show them the insurance schedule.

A Domestic Appliance Installer obviously has to go into homes and businesses alike to deal with their property and may come in to contact with their equipment and therefore they could either accidentally cause damage to the property they are going in to do the work for example if they were to knock anything over or if they were to accidentally damage any part of the building that they weren't actually doing the work on.

The second part of cover that you can get as a Domestic Appliance Installer is if whilst doing your job you was to injure any person around you, the most obvious way this can happen is if you leave any tools, leads or toolboxes lying around and someone was to trip over them, they would then hold you responsible for their injuries and this is where the insurance policy would step in and cover you.

There are three levels of cover that you can usually get with this type of insurance starting at one millions ringgit worth of cover and rising to either two million or five
million. Prices for working in non-hazardous areas generally will be around about reasonable and affordable insurance premium cost for the year, obviously if you were to get higher than the lowest level of cover then you would pay more for this. There are also rare occasions where you can get ten million ringgit of cover but usually that would have to be for specific job and there are only a few insurers that will cover it,

When you consider that if something was to go wrong then you could get left paying the costs of any incident where someone may hold you liable then the prices above don't seem so steep to pay once every year compared to a claim that you could get stuck with that could run in to thousands of ringgit depending on how serious the incident is.

Malaysia Insurance Tips

Malaysia Insurance Tips

Malaysia Construction and Engineering Insurance

Contractors' All Risks (CAR)

Contractors' All Risk insurance (CAR) is designed to provide coverage involving construction of buildings and other civil engineering works. It provides coverage against:

Loss or damage to the contract works caused by any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded.

Damage to third party property and/or bodily injury occurring in direct connection with the erection works.

Contractors' All Risk insurance (CAR)
policy is designed to provide 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.

With additional premium, the cover may include Construction Plant and Equipment, Construction Machinery, Removal of Debris, Professional Fees and Principal’s Existing Property.

Duration Contractors' All Risk insurance (CAR) of cover corresponds with the contract period which is stipulated in the Letter of Award.

PRODUCT DISCLOSURE SHEET
CONTRACTOR’S ALL RISKS
(Please read this Product Disclosure Sheet before you decide to take out a Contractor’s All Risks Insurance Policy.
Be sure to also read the general terms and conditions stated in the policy).

1. What is this product about?

This policy provides All Risks coverage unless specifically
excluded under the policy for contractors to meet their insurance obligations under the contract conditions for projects awarded such as, construction of buildings, roads, railway lines, airports, tunnels, bridges, towers, dams, etc.
This policy covers the contract work to be executed in accordance with the contract, any temporary works, construction materials, construction plant and equipment used at the work site and any third party liability arising out of the performance of the contract.

2. What are the covers / benefits provided?

This policy has two sections, namely :
• Section I – Material Damage

It covers any unforeseen and sudden physical loss or damage from
any cause, other than those specifically excluded under the policy:

a) to the contract work executed

b) to the contractor’s plant, machinery and equipment used for the contract at work site

c) to Principal’s existing property

• Section II – Third Party Liability
It covers the contractor for all sums which he shall become legally liable to pay as damages consequent upon:

a) accidental bodily injury to or illness of third parties (whether fatal or not)

b) accidental loss of or damage to property belonging to third parties
occurring in direct connection with the construction of the items insured under Section I and happening on or in the immediate vicinity of
the work site during the period of cover.

Duration of cover corresponds with the contract period including maintenance period as stipulated in the Letter of Award.
You need to purchase a new insurance policy to cover each project undertaken.

3. How much premium do I have to pay?
The total premium that you have to pay may vary depending on the Contract Value, the scope of work of the
project to be executed, the risk exposure, the extensions to basic cover required and the underwriting
requirements of the company:

• Estimated Contract Value
• Rate Applicable _____________%
• Sum Insured for Extensions of cover
• Loadings Applicable to the Extensions _____________%
The estimated total premium that you have to pay is: RM___________

4. What are some of the key terms and conditions that I should be aware of?
Some of the key terms and conditions that you should be aware of are:

• Duty of disclosure - you must give all the facts in your application form fully and faithfully otherwise your policy may be void.

• Duty of Assured – you shall take all reasonable precautions and comply with all reasonable recommendations of the company to prevent loss, damage or liability and comply with statutory requirements and manufacturer’s recommendations.

• You must ensure that your sum insured stated in the Schedule are adequate:

a) Contract Works - full Value of the contract works at the completion of the construction inclusive of all materials, wages, freight, customs
duties, dues and materials or items supplied by the Principal.

b) Construction Plant and Equipment - the replacement value of construction plant and equipment, which shall mean the cost of replacement of the insured items by new items of the same kind and capacity.

• Any extension of the contract period may be considered subject to advance notification to the company in writing and submission of relevant documents.

• Underinsurance - if the sum insured stated in the Schedule is less than the amount required to be insured at the time of loss, you are deemed to be self-insuring for the difference. The average condition shall apply in event of a claim.

• Excess - is the amount of loss that you have to bear in event of a claim.

5. What are the major exclusions under this policy?

This policy does not cover certain losses, such as:
a) loss or damage due to faulty design

b) the cost of replacement, repair or rectification of defective material and/or workmanship

c) wear and tear, corrosion, oxidation, deterioration due to lack of use and normal atmospheric conditions

d) loss or damage to construction plant, equipment and construction machinery due to electrical or mechanical
breakdown, effective lubrication or lack of oil or coolant.

e) consequential loss of any kind or whatsoever including penalties, losses due to delay, lack of performance, loss of contract.

f) loss, damage or liability caused by or arising out of :
• war, riot, strike, civil commotion
• nuclear reaction, nuclear radiation or radioactive contamination
• willful act or willful negligence
• cessation of work whether total or partial
(Note : This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.)

6. Can I cancel my policy and how do I cancel it?
There is no cancellation provision under this policy.

7. What do I need to do if there are changes to my contact details?
It is important that you inform us of any changes to your contact details. This is to ensure that all the correspondence will reach you in a timely manner.

8. Where can I get further information?
Should you require additional information about our Contractor’s All Risks insurance or any other types of insurance products, you may contact ACPG directly at your convenience. Alternatively, you may visit our website at www.acpgconsultant.com.

Malaysia Public Liability Insurance

Saturday, 6 July 2013

Friday, 5 July 2013