Fincrew Office All Risk Insurance
Office All Risk Insurance – What It Is?
In simple terms, this is a type of company insurance, or property damage insurance small business owners or property owners can take out to cover any peril. This insurance will always kick in and protect you, as it is still in your policy or coverage.
Why You Need This Coverage
It is one of the few types of insurance that prepares you for everything. Also referred to as All Risk Insurance, this coverage insures you against a vast number of damages. As company insurance or business insurance, it can help small business owners cover many blind spots.
Types Of Fincrew All Insurance Coverage
As one of the most comprehensive insurance, a Malaysian resident can get all risk insurance for various items and properties. Some of the more popular uses you can put this policy to include getting;
Business Interruption Insurance
This coverage kicks in if the operation of your business is interrupted by a disaster. Any number of occurrences can lead to your business halting operations for a given time. Based on the type of business, you can file a claim to cover the loss of income that results from this event. While you won't make any profit this way, it assures that your business won't suffer any loss.
Some claims you can file here include;
- Claims for actual loss sustained,
- Claims for lost income, and
- Claims for period restoration.
Workers Compensation Insurance
Fincrew office all risk insurance can be ideal for small business owners who encounter complications with their staff or workers. When you leverage workers' compensation insurance in Malaysia, you don't have to pay out of pocket if your workers fall sick or are victims of an injury. Regardless of the business you run, you can eliminate any possibility of lost income with your workers through this policy. Some other things these insurances covers are;
- Your workers' medical expenses,
- A given percentage of all lost wages, and
- All funeral expenses if you happen to lose a worker on the job.
Professional Liability Insurance
As all small business owners know, no one can satisfy 100% of their clients 100% of the time despite their best efforts. Due to this, Malaysian insurance businesses do well to have professional liability insurance. This coverage prevents your business from losing more if a customer or client files a claim against your company. It is precious to professionals like medical doctors and accountants if they get hit with negligence claims.
Commercial Property Insurance
If you use your property for business or non-profit purposes, this is must-have insurance for Malaysia. With this coverage, it protects your commercial property if a natural disaster occurs, there's a case of theft, or even a fire accident. Depending on the office specifics, all risk insurance here, your property's structure is protected and its contents. As such, if you have valuable equipment and items on your property, you will be able to file a claim if something terrible happens to them. This particular insurance can also double your office insurance or computer insurance/laptop insurance in many cases. The reason is that it protects things like your;
- Phone systems
- Accounting records and files
- Inventory stock
- Landscaping and fences.
It is building insurance that helps homeowners protect their abode from extensive property damage. Not only does it cover the building, but it also extends to all assets and furnishings that might be in the building at the time of the incident. Also, if an accident occurs in the home, this policy affords you that much-needed liability coverage. The interior and exterior will carry this property damage coverage, and it perfectly complements any existing home warranty.
As a standalone policy, this insurance can help you cover replacement costs or get you the actual cash value for any item damaged in your home. When added to your homeowners' insurance, it further extends the reach of your policy, ensuring that you have a higher chance of getting any claim you file approved. The reach of office all risk insurance extends beyond business insurance in Malaysia, property damage, and building insurance. It also covers facets like public liability, car insurance, and any personal accident. Click here to find out which all risk insurance in Malaysia is right for you today!