Allianz Business Insurance

1) ASSETS

a) Fire & Property

i) Fire Insurance

Product Info

Fire insurance covers your property against losses or damages caused by fire, lightning and explosion caused by domestic gas.

The policy can be extended to cover the following risks by paying additional premium:

  • Aircraft Damage
  • Earthquake and volcanic eruption
  • Storm, Tempest
  • Flood
  • Explosion
  • Impact Damage
  • Bursting or Overflowing of Water Tanks Apparatus or Pipes
  • Bush / Lalang
  • Subsidence and Landslip
  • Spontaneous Combustion
  • Riot Strike and Malicious Damage
  • Damage by Falling Trees or Branches and Object

 

ii) Fire Consequential Loss Insurance

Product Info

Fire Consequential Loss insurance covers loss of profit upon business interruption due to fire or other extended perils covered under the Standard Fire policy.

Coverage:

  • Loss of profits
  • Loss of revenue
  • Loss of rental
  • Standing charges
  • Wages or salaries on payroll basis
  • Increase cost of working due to business interruption

Extended Coverage with additional premium:

  • Prevention of Access
  • Public Utilities
  • Infectious or Contagious Diseases
  • Suppliers within Malaysia, Singapore or Brunei
  • Customers within Malaysia, Singapore or Brunei
  • Accountant’s fees

Click ——–> Fire Consequential Loss Insurance Proposal Form

Click——–>Fire Consequential Loss Insurance Product Disclosure Sheet

iii) All Risks Insurance

Product Info

The All Risks insurance covers all risks except the risks which are specifically outlined to be excluded in the policy.

Coverage:

  • Losses or damages to your property due to fire, theft or any other accidents or misfortunes
  • Losses or damages caused by perils unless such perils are specifically excluded in the policy

Click———–>All Risks Insurance Proposal Form

Click———> All Risks Insurance Product Disclosure Sheet – BM Version

iv) Burglary Insurance

Product Info

Burglary insurance provides protection against incidents of theft to your property. This policy covers losses or damages to your property and its contents in your business premise due to:

  • Theft by actual, forcible and violent entry
  • Theft or attempted theft by a person feloniously concealed on the said premises
  • Hold-up or armed robbery


You can either insure your property:
 

  1. FULL VALUE BASIS

This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure adequacy of the sum insured since the insurance will be subject to the Average Clause where you will not be fully indemnified at the time of loss if the property is under insured. The correct sum insured should be what you consider to be the highest value at risk at any one time.

 

  1. FIRST LOSS BASIS

This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The sum insured shall be based on your assessment.

Click———–> Buglary Insurance Proposal Form

Click———> Buglary Insurance Product Disclosure Sheet – BM Version

 

v) Public Liability

Product Info

Public Liability insurance is considered essential in businesses which involve regular interactions between the members of the public and the company such as retail businesses, restaurants, clinics and many more. The Public Liability insurance covers your legal liability to a third (3rd) party as a result of an accident happening in connection with your business operations. The insurance indemnifies you against all sums which you become legally liable for damages and claimant’s costs and expenses in respect of:

  • Bodily injuries including illnesses to any person
  • Losses or damages to property
  • Legal expenses incurred in your legal proceeding defence

Click ————> Public Liability Proposal Form

Click ——–> Public Liability Product Disclosure Sheet – BM Version

 

b) Marine

i) Marine Cargo Insurance

Product Info

Protecting marine insurance risks has been one of Allianz’ core activities since the formation of the Allianz Group in 1890. With over 100 years of marine insurance experience, we continue to offer our clients comprehensive marine insurance solutions. Through the Marine Cargo insurance, we provide you with high level protection against all risks during the transportation of goods and merchandise – anywhere from the time your goods leave the premises of the seller until the time they arrive at the buyer’s premises. It covers the loss or damage to during the movement of the cargo from one port or country to another. The conveyance can be by Sea, Air or Land. Either the buyer or the seller can purchase the Marine Cargo insurance depending on your sales contract which most commonly is Free On Board (FOB), Cost and Freight (C&F) or Cost, Insurance and Freight (CIF).

  • Wide range of Allianz Marine Cargo products
  • Global technical expertise plus local knowledge for all classes of marine insurance
  • Worldwide claims network and local claims handling capability
  • Inspection and risk management service capabilities
  • Tailored to Individual Policies (per shipment basis) or Open Cover Policies (provides automatic protection for regular import or export shipments or domestic trades)

Click———>Marine Cargo Insurance Proposal Form

Click———->Goods In Transit Insurance Proposal Form

Click———>Marine Cargo Insurance Product Disclosure Sheet – BM Version

ii) Marine Hull Insurance

Product Info

Protecting marine insurance risks has been one of Allianz’ core activities since the formation of the Allianz Group in 1890. With over 100 years of marine insurance experience, we continue to offer our clients comprehensive marine insurance solutions. Through the Marine Hull insurance, we provide you with high level protection to cover loss or damage to various types of ships or vessels and their equipment, including specialist cover for other marine insurance options and interests: Hull and Machinery, War and Strikes, Brown Water Hull, Offshore and Support Vessels, Yachts and Pleasure Craft, Third Party Liability, Increased Value, Builder’s Risk.

  • Wide range of Allianz Marine Hull products
  • Global technical expertise plus local knowledge for all classes of marine insurance
  • Worldwide claims network and local claims handling capability
  • Inspection and risk management service capabilities

Click———–>Marine Hull Insurance Proposal Form

Click———->Marine Hull Insurance Product Disclosure Sheet – BM Version

 

iii) Trade Credit Insurance

Product Info

Running a business poses many challenges especially those which are beyond your control. When your customer does not pay for the goods and services rendered, you are faced with a credit risk which can affect the quality of your bottom line and your profitability. Trade Credit Insurance protects your business with account receivable protection against losses due to credit risks such as customer’s insolvency, bankruptcy and failure to meet agreed payment terms and conditions. This insurance insures your company against your customers’ failures in paying their trade credit debts owed to you. As such, the trade credit insurance gives you the confidence to grow your business by minimizing your credit risk exposure, enhancing your relationship with customers, forging new customer relationships, improving banking relationships and access to finance.

  • Simple, affordable and easy to implement trade-related insurance solutions
  • Flexible trade-related insurance solutions tailored to the needs of companies of various sizes
  • Domestic and worldwide – wherever you trade

Click ——–>Trade Credit Insurance Proposal Form

Click ——->Trade Credit Insurance Proposal Form -buyer list

Click——>Trade Credit Insurance Product Disclosure Sheet – BM Version

 

c) Engineering & Machines

i)Contractors’ All Risks Insurance

Product Info

Contractors’ All Risks Insurance cater mainly to the protection needs of the construction industry. This policy is designed to provide protection against losses or damages in respect of the contract works at contract site and third (3rd) 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 of cover corresponds with the contract period which is stipulated in the Letter of Award.

Click———>Contractors’ All Risks Insurance Proposal Form

Click———>Contractors’ All Risks Insurance Product Disclosure Sheet-BM Version

ii)Erection All Risks Insurance

Product Info

The Erection All Risks insurance covers all kinds of erection and testing on individual machine, industrial machinery, industrial plants, steel works and/or structure as well as third (3rd) party property and/or bodily injury arising in connection with the erection work. The cover may include Civil Engineering Works, Equipment for Erection, Removal of Debris, Professional Fees and Principal’s Existing Property. Duration of cover corresponds with the contract period which is stipulated in the Letter of Award.

Click———>Erection All Risks Insurance Proposal Form

Click———–>Erection All Risks Insurance Product Disclosure Sheet-BM Version

iii)Boiler & Pressure Vessel Insurance

Product Info

The Boiler and Pressure Vessel insurance provides coverage against explosion of any boiler or pressure vessel insured whilst in the course of ordinary work.

Coverage:

  • Damages (other than by fire) to any boiler or pressure vessels or other apparatuses
  • Damages to auxiliaries and surrounding properties (e.g. buildings and machineries)
  • Death of or bodily injuries to third parties
  • Damages to third party properties

Click——->Boiler & Pressure Vessel Insurance Proposal Form

Click——->Boiler & Pressure Vessel Insurance Product Disclosure Sheet-BM Version

iv)Machinery & Equipment Insurance

Product Info

Machinery & Equipment Insurance is designed to cover immobile industrial or commercial equipment. It covers various risks such as fire, lightning, theft and external accidental damage.

Click——->Machinery & Equipment Insurance Proposal Form

Click——->Machinery & Equipment Insurance Product Disclosure Sheet – BM Version

v)Machinery Breakdown Insurance

Product Info

Many businesses have invested large sums of money into acquiring machineries that fit their specific business requirements. However, these machineries can potentially breakdown or stop working. The Machinery Breakdown insurance provides cover against sudden and unforeseen physical damage to your machineries whether at work or at rest and during cleaning, inspection, over-hauling, and removal to another position within the premises. The policy covers all accidental damages or losses due any causes except those specifically excluded in the policy.

Click——–>Machinery Breakdown Insurance Proposal Form

Click——>Machinery Breakdown Insurance Product Disclosure Sheet-BM Version

2) EMPLOYEES

a) Workers & Employers

i)Foreign Workers Insurance

Product Info

In Malaysia, foreign workers are employed in the sectors of manufacturing, construction, plantation, agricultural, services and domestic help such as restaurant, cleaning services, cargo handling, launderette, golf course caddy, barber, wholesale and retail, textile, metal scraps and recycle activities, welfare homes and hotels.
 

Foreign Workers Insurance Guarantee (FWIG)

Foreign Workers Insurance Guarantee (FWIG) is a guarantee required by the Malaysian Immigration Department from employers as a security deposit for the employment of foreign workers in Malaysia. FWIG guarantees to cover repatriation expenses in the event where your foreign worker is required by the authorities to be sent back to his country origin during his stay in Malaysia. Duration of cover set by the Immigration Department is eighteen (18) months. A new FWIG is required upon renewing the foreign workers permit. The total premium payable varies depending on the nationality of the foreign worker and Allianz underwriting requirements.
 

Foreign Workers Compensation Scheme (FWCS)

The Foreign Workers Compensation Scheme (FWCS) protects the welfare and interests of foreign workers in Malaysia. The scheme pays the compensation benefits to a foreign worker with valid employment document for injuries sustained or death due to an accident arising out of or during his course of employment. Under Section 26 of the Workmen’s Compensation (Amendment) Act 1996, it is mandatory for Employers to insure all their foreign workers under the FWCS.
 
Coverage:
  • Accidental death: RM25,000 (working hours) or RM23,000 (off working hours)
  • Permanent disablement: Up to RM23,000 (working hours) or RM23,000 (off working hours)
  • Temporary loss of income due to temporary disablement
  • Hospitalisation & medical expenses: Up to RM750
  • Repatriation due to death or permanent disablement: RM4,800

 

Foreign Workers Plus (FW Plus)

The Foreign Workers Plus is specially designed to give additional cover on top of the compulsory Foreign Worker Compensation Scheme (FWCS). Besides existing FWCS policyholders of Allianz, employers who have purchased FWCS from other insurers are also eligible to purchase this policy.

 

Coverage:

  • Accidental death or permanent disablement: RM10,000
  • Medical and surgical expenses: RM2,000
  • 24-hour worldwide coverage
  • Extended to cover Strike, Riot and Civil Commotion, Hijacking, Food and Gas Poisoning, Drowning, Unprovoked Murder and Assault, Insects, Snakes and Animal Bites, Disappearance, Natural Disaster, Exposure to Natural Elements and Motorcycling

 

Foreign Workers Hospitalization and Surgical (FWHS or SKHPPA)

The Foreign Workers Hospitalisation and Surgical (FWCS or SKHPPA) is specially designed in view of increasing hospital and surgical costs and to reduce the financial burdens of employers of foreign workers in Malaysia in the event of hospital admission of their foreign workers due to an accident or illness. FWCS/SKHPPA allows foreign workers a cashless admission into government hospitals under a Third (3rd) Class Room and Board basis but exception is given to cases which require emergency treatment at private hospitals.


Coverage:

  • Daily hospital room & board: Up to 30 days; Up to RM160 per day
  • Intensive Care Unit (ICU): Up to 15 days
  • Hospital supplies and services, operating theatre, surgical fees, anaesthetist fees, ambulance fees / medical report fees
  • In-hospital physician visits: Up to 30 days
  • In-hospital specialist consultation visits: Up to 30 days
  • Maximum overall annual limit: RM20,000

Click—–> Foreign Workers Insurance Brochure
Click—–> Foreign Workers Insurance Proposal Form
Click—–> Foreign Workers Insurance Guarantee Product Disclosure Sheet
Click—–> Foreign Workers Compensation Scheme Product Disclosure Sheet
Click—–> Foreign Workers Compensation Scheme Policy Wording
Click—–> Foreign Workers Plus Product Disclosure Sheet
Click—–> Foreign Workers Plus Policy Wording
Click—–> Foreign Workers Hospital & Surgical Product Disclosure Sheet
Click—–> Foreign Workers Hospital & Surgical Policy Wording

ii) Workmen’s Compensation

Product Info

The Workmen’s Compensation insurance provides coverage to you as an employer in respect of your statutory liabilities under the Workmen’s Compensation Law(s) as well as the Common Law to your employees who are generally not covered by SOCSO.

This insurance indemnifies you against all sums for which you shall be liable to pay compensation to any employees for personal injuries sustained due to accidents or occupational diseases arising out of and in the course of employment under:

  • The Workmen’s Compensation Act 1952 and the subsequent amendments to the Act or
  • The Common Law: The standard Common Law limit is RM1,000,000 any one accident and in the aggregate

Click——->Workmen’s Compensation Proposal Form
Click——->Workmen’s Compensation Product Disclosure Sheet

 

iii)Allianz Care SMI

Product Info

Allianz Care SMI offers comprehensive group medical insurance designed for small and medium sized industries (SME) of mainly 5 to 350 employees. With Allianz Care SMI, you can be assured that your employees will have adequate medical coverage and their welfare is well taken care of.

Coverage:

  • Medical coverage
  • Surgical expenses
  • Cashless admission facility
  • Easy administration
  • 24-Hour Toll Free Medical Assistance
  • Outpatient cancer treatment and outpatient kidney dialysis
  • Overall annual limit from RM 10,000 up to RM 70,000
  • Can be extended to cover Outpatient Clinical and Group Personal Accident

Click——->Allianz Care SMI Brochure
Click——->Allianz Care SMI Proposal Forms
Click——->Allianz Care SMI Product Disclosure Sheet
Click——->Allianz Care SMI Policy Wording
Click——->Allianz Care SMI Addendum

 

iv) SME Choice

Product Info

We understand the needs of Small Medium Enterprises (SMEs) and have designed Allianz SME Choice specifically for you. Let us help to take care of your employees’ physical and financial wellbeing. Our comprehensive employee benefits plan for small medium enterprises offers extended employee benefits at great value for money. Set up for your easy entry and convenience, the fuss is kept minimal so you can focus on growing your business. 

Allianz SME Choice offers you the flexibility to choose between Group Term Life and Group Hospitalisation & Surgical, or get both plans in one. It also comes with a wide range of plan selections and optional riders to boost your coverage according to your company’s needs.

Group Term Life

Ease the financial burden of their loved ones should anything happen to your employees.

  • Coverage for Death /Total & Permanent Disability /Terminal Illness of up to RM300,000.
  • Additional coverage from riders:
    • Up to RM300,000 against critical illnesses.
    • Up to RM300,000 against death and disablement caused by accidents.

Group Hospitalisation & Surgical

Give your employees peace of mind when they need to be hospitalised.

  • Medical Coverage with High Overall Annual Limit (up to RM150,000).
  • Fully covered Hospital Admissions (No Co-Payment required).
  • Additional benefits from rider:
    • Cashless medical card for quick, hassle-free convenience at panel clinics.
    • Unlimited outpatient general practitioner care.
    • Outpatient specialist care for up to RM1,800.

 

Special additional features

  • Medical expenses for organ transplant.
  • Alternative treatments (such as chiropractic, chiropody, homeopathy, osteopathy, acupuncture, traditional and complementary medicine) due to accidents.

Click—–>Allianz SME Choice Product Brochure

v) Group Hospitalisation and Surgical

Product Info

Allianz Group Hospitalisation and Surgical scheme provides comprehensive medical coverage to your employees, their legal spouse and children.

  • Medical and hospitalisation benefit
  • Out-patient cancer treatment
  • Out-patient kidney dialysis treatment
  • Optional out-patient clinic which includes out-patient general practitioner care and out-patient specialist care

b) Group Personal Accident Types

i) Group Personal Accident

Product Info

Allianz Group Personal Accident insurance provides compensation to your employees in the event of injuries, disability or death caused solely by accidental, external and visible events.

Coverage:

  • Accidental death and permanent disablement
  • Personal accident
  • Can be extended to cover Temporary Total Disablement and Temporary Partial Disablement and Medical Expenses

Click—–>Group Personal Accident Product Disclosure Sheet
Click—–>Group Personal Accident Quotation Request Form
Click—–>Group Personal Accident Renewal Review Form
Click—–>Group Personal Accident Policy Wording

 

ii) Drive Smart Shield

Product Info

The Drive Smart Shield insurance provides personal accident coverage to you and your passengers while travelling in the vehicle.

Coverage:

  • Death and permanent disablement
  • Medical expenses
  • Renewal bonus up to 50%

Click—–>Drive Smart Shield Brochure
Click—–>Drive Smart Shield Proposal
Click—–>Drive Smart Shield Policy Wording
Click—–>Drive Smart Shield Product Disclosure Sheet
Click—–>Group Drive Smart Shield Personal Accident Proposal Form

iii) Special Occupation Group Personal Accident

Product Info

Special Occupation Group Personal Accident insurance is designed especially for people who are working in occupation groups which are normally excluded under the standard personal accident insurance, such as those working in the construction and manufacturing sectors, offshore platforms, etc. This insurance provides 24 hours protection in the event of injuries, disability or death solely caused by accidents.

Coverage:

  • Accidental death
  • Permanent disablement
  • Medical expenses

Click——->Special Occupation Group Personal Accident Proposal Form
Click——->Special Occupation Group Personal Accident Product Disclosure Sheet
Click——->Special Occupation Group Personal Accident Policy Wording

 

iv) Timber Workers Group Personal Accident

Product Info

Allianz Timber Workers Group Personal Accident insurance provides workers from the timber industry with compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.

Coverage:

  • Accidental death
  • Permanent disablement
  • Temporary Total Disablement
  • Temporary Partial Disablement
  • Medical or surgical treatment or hospitalisation expenses
  • Travelling expenses
  • Funeral expenses

Click——->Timber Workers Group Personal Accident
Click——->Timber Workers Group Personal Accident Product Disclosure Sheet
Click——->Timber Workers Group Personal Accident Policy Wording

 

 

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