Commercial & Property Risk Insurance

Boiler and Pressure Vessel Insurance offers comprehensive coverage against physical damage or loss to boilers and pressure vessels. Additionally, it provides protection against damage to surrounding properties and third-party legal liability that may arise due to explosions and collapses during their standard operations.

Risk Coverage

• Damage (other than fire) to the boilers & pressure vessels.
• Damage to surrounding property.
• Third-party legal liability due to explosion/collapse/implosion.

Burglary Insurance provides coverage for the loss or damage to insured property resulting from forced entry into the premises, with conclusive evidence of the event. Depending on the coverage chosen, it may also include theft or robbery.

Risk Coverage

• Burglary with evidence of forced entry or exit of the premise BG 1.
• Burglary and Robbery with evidence of forced entry or exit of the premise BG 2.
• Burglary, Robbery and Theft with or without evidence of forced entry or exit of the premise BG 3.

Business Interruption Insurance is a form of coverage that reimburses lost business income resulting from direct physical loss or damage to your property, caused by events such as fire, explosion, theft, or natural disasters. It is typically not offered as a standalone policy, but rather as an addition to a property policy (Fire insurance or Industrial All Risks Insurance Policy).

Risks Coverage

• Loss of profit.
• Increase in cost of working during the business interruption.
• Outstanding charges.

The Contractors Plant & Machinery Insurance policy provides coverage for the equipment, machinery and plant of contractors while in use, at rest, or during transportation within the designated project site, for use anywhere in Thailand. This insurance policy provides coverage against sudden and unforeseen physical loss or damage that is not excluded under the policy.

Risk Coverage

• Forklifts
• Excavators
• Mobile cranes
• Tractors
• Other self-propelled vehicles
• Static heavy equipment

The Contractors All Risks Insurance policy offers coverage for the liabilities of contractors during contracted work, including construction, civil engineering, and machinery installation. This policy provides protection against loss or damage to the contracted work resulting from unforeseen, sudden, and accidental external perils that are not excluded under the policy. It also covers legal liabilities to third parties as a result of the contracted work.

Risk Coverage

• Construction work, civil engineering work on the part of the property under construction such as building(s), foundation work, structural work, and various systems.
• Machinery installation work.
• Loss or damage to third parties

Under the Erection All Risks Insurance policy, the contractor’s liabilities are covered for contracted work, particularly in projects where the majority of their work involves the erection or installation of key machinery separate from civil work. This policy provides coverage for loss or damage due to risks associated with the erection and installation of machinery arising from external, accidental, unforeseen, or sudden perils, that are not excluded under the policy. It also covers legal liabilities to third parties as a result of the contracted work.

Risk Coverage

• Construction work, civil engineering work on the part of the property under construction such as building(s), foundation work, structural work, and various systems.
• Machinery installation work.
• Loss or damage to third parties

The Electronic Equipment Insurance policy provides coverage for any accidental, unforeseen, or sudden physical loss or damage to electronic equipment, computer systems, complex electronic machinery, air conditioning units, and their accessories during operation (inclusive of system software). The policy protects against physical damage resulting from events such as fire, lightning, explosions, electrical breakdown, flood, and water damage or other perils that are not excluded under the policy.

Risk Coverage

• SECTION I – Material Damage
  This Section covers all hardware installation including peripheral equipment and accessories against any unforeseen and sudden physical loss or damage from any causes other than those specifically excluded.
• SECTION II – External Data Media
  This Section provides coverage for data media such as discs and tapes that are external to the computer system. Coverage is the same as Section I and it applies while the insured data media are kept on the premises.
• SECTION III – Increase Cost of Working
  This Section provides indemnity for the increased cost of working following a material loss or damage. If the material damage indemnifiable under Section I gives rise to a total or partial interruption of operation of the insured Information Technologies (IT) equipment, the cost of hiring another computer system to maintain your business operations are payable under this Section. This substitute IT system must not be a subject matter of insurance under this policy.

Golfer’s Indemnity Insurance provides coverage for your legal liability to third parties, including accidental bodily injury to a caddie resulting from accidents caused by you while practicing or playing golf.

Risk Coverage

• Public Liability (Third-Party Liability)
• Golf Equipment
• Pays a special bonus for a hole Hole-in-One

Industrial All Risks Insurance offers comprehensive protection for your business, safeguarding it against potential property loss or damage that is included within the policy. Unlike a standard fire insurance policy, this insurance provides broader coverage.

Risks Coverage

The loss or damage to one’s property resulting from incidents such as fire, lightning, explosion, water damage, windstorm, hail, flood, earthquake, riots, strikes, and accidental damage.

Jewelers’ Block Insurance provides tailored coverage for a range of valuable items, including jewelry, diamonds, pearls, gold, silver, platinum, and both precious and semiprecious stones.

Risk Coverage

There are four different sections that distinctly cover various risk factors that may affect your business in the future.

• Section I – Fire & Allied Perils, Burglary, Robbery for Jewelry, Cash & Valuables whilst at premises.
• Section II – Robbery for Jewelry & Valuables whilst in transit under the custody of the insured or his representative.
• Section III – Jewelry & Valuables whilst in transit with third-party transporters or posts.
• Section IV – Fire & Allied Perils, Burglary, Robbery of Furniture, Fixtures, Office Equipment and Machines..

Under Machinery Breakdown Insurance, machinery, plant, and mechanical equipment are covered for loss or damage resulting from accidental, unforeseen and sudden physical loss, and internal breakdowns (whilst at work from any cause or peril that are not excluded under the Policy). This coverage applies whether the machinery is in use, at rest, undergoing disassembling for cleaning, inspection, or overhauling, during operation, or when being relocated within the premises for subsequent re-erection.

Risk Coverage

The cause of sudden and unforeseen damages could be due to the following

• Faulty material, design, construction, and erection.
• Vibration, mal-adjustment, or mal-alignment.
• Defective lubrication, loosening of parts, abnormal stress, molecular fatigue, self-heating centrifugal force.
• Excessive electrical pressure, whether due to atmosphere electricity or otherwise.
• Short-circuit or arcing.
• Lack of skill and carelessness in handling the machinery.

Our Money Insurance policy offers coverage for physical loss or damage of money while it is either on the premises or in transit, as well as loss or damage to safes, strong rooms, premises, and other property resulting from robbery, safe burglary, or attempted theft.

There are 3 areas of cover as follows::

M1: loss of money by robbery or attempted theft

M2: loss of money by any cause not specified in the exclusions

M3: loss of money due to any cause not mentioned in the exclusions. Additionally, it extends coverage to include fraudulent and dishonest actions committed by a messenger or custodian, provided that the incident is reported within three business days of its occurrence

Risk Coverage

• Loss of wages and/or salaries.
• Loss or damage inside the Premises during working hour.
• Loss inside safe or strong room after working hour.
• Loss outside the Premises – during transit.
• Damage to safe or strong room.

Terrorism Insurance is offered to provide coverage for physical loss or property damage resulting from acts of terrorism. This type of insurance is necessary because many property insurance policies exclude coverage for terrorism, requiring additional endorsements or policies to be added.

Risk Coverage

Coverage: Political Violence (1-6)

1. Act of Terrorism
2. Sabotage
3. Riot, Strikes and/or Civil Commotion
4. Malicious Damage
5. Insurrection, Revolution or Rebellion
6. Mutiny and/or Coup d’Etat