TYPE OF BUSINESS

Covered Risks

1. Fire

2. Explosion

3. Lightning

4. Smoke

5. Theft or robbery

6. Water damage

7. Hurricane, storm, hail

8. Vehicle collision

9. Damage due to demonstrations/riots (depending on the policy)

Covered Property

1. Buildings (houses, offices, shophouses, warehouses, factories)

2. Building contents (furniture, machinery, inventory, stock)

3. Business-supporting assets

Additional Services (optional)

1. Debris removal costs

2. Firefighting costs

3. Temporary housing rental costs

4. Business interruption (business losses due to operational interruption)

5. Personal liability (legal responsibility)

• Financial protection: Reduces costs in the event of major damage to property

• Security & peace of mind: Provides a sense of security that important assets are protected

• Faster recovery: Expediting the repair or replacement of damaged property

• Business stability: Preventing significant business losses due to asset damage

• Reducing the risk of total loss: Helping avoid bankruptcy or major operational disruptions

• Improving business credibility: Many financial institutions require insurance for collateralized property

Primary Coverage (Standard Coverage)

1. Legal liability for bodily injury (bodily injury) suffered by a third party

2. Legal liability for damage to property of a third party

3. Legal and attorney fees if requested by the insured

4. Settlement of claims or compensation owed to third parties

Additional Coverage (Optional / Additional Policy)

1. Personal liability (for individuals)

2. Public liability (for companies/businesses)

3. Product liability (losses resulting from product use)

4. Employer liability (liability to employees)

5. Professional liability/malpractice (professional negligence)

6. Tenant liability (damage caused by the tenant to the rental property)

7. Advertising liability (misleading advertising, defamation)

General Exclusions

1. Intentional or criminal acts

2. Damage to personal property

3. Injury to employees (unless there is employer liability)

4. Certain contractual losses

5. Foreshadowed risks

• Financial protection: Covers the potentially significant costs of compensation in the event of a lawsuit

• Reduces the risk of bankruptcy: Third-party lawsuits can reach hundreds of millions to billions of dollars

• Legal protection: Covers attorney fees, court costs, and other legal settlements

• Security and peace of mind: Reduces anxiety due to protection against legal risks

• Protects business reputation: Helps companies remain stable even when facing claims

• Makes it a business requirement: Many work contracts, projects, or clients require liability insurance

• Supports operational continuity: Businesses can continue operating without major legal disruptions

Main Coverage

Damage to natural resources due to

• Natural disasters (floods, earthquakes, landslides, storms)

• Forest or land fires

• Hazardous material spills (oil spills, chemical spills)

• Damage to ecosystems (flora & fauna)

Environmental rehabilitation or restoration costs

Operational disruptions in activities

• Mining

• Plantations

• Forestry

• Fisheries

Damage to production infrastructure (mine roads, equipment, reservoirs, irrigation)

Liability Coverage

• Compensation to third parties affected by environmental damage

• Legal costs in the event of a public lawsuit

• Compensation for unintentional pollution

Additional Coverage

• Weather insurance

• Parametric insurance for flood, drought, or earthquake risks

• Carbon asset insurance

• Conservation project guarantees Nature

General Exclusions

• Damage due to intentional acts

• Violation of environmental laws or permits

• Pre-determined damage

• Long-term climate change (depending on the policy)

• Financial protection: Reduces significant losses due to natural resource damage or disasters

• Ensures operational continuity: Mining, plantation, or forestry activities can resume operations more quickly

• Supports environmental sustainability: Covers the costs of ecosystem restoration and rehabilitation

• Prevents bankruptcy: Natural resource losses can be significant and long-term

• Legal protection: Covers third-party claims and legal costs

• Meets government requirements: Many natural resource projects require environmental insurance

• Enhances company credibility: Demonstrates commitment to ESG (Environmental, Social, and Governance) standards

Covers losses/damage to the project due to

• Fire

• Explosion

• Theft of materials/projects

• Human error

• Accidents at the project site

• Floods, storms, strong winds, heavy rain

• Landslides

• Collapse of temporary/permanent structures

• Damage to project materials and equipment

Third Party Liability Coverage, namely

• Injury or death of a third party

• Damage to third party property

• Legal fees and compensation

Additional Coverage (Optional)

• Personal Accident for workers

• Damage to heavy equipment (Contractor's Plant & Machinery)

• Damage due to design errors (Design Defect cover)

• Underground work (tunneling, piling, basement)

• Delay in Start-Up (DSU) / Business Interruption

• Testing & Commissioning (especially EAR)

General Exclusions

• Actions Intentional

• Materials that do not meet specifications

• Normal wear and tear

• Risk of war or terrorism (unless additionally purchased)

• Protects the project from significant losses due to incidents during construction

• Ensures smooth project progress, avoiding delays due to unexpected costs

• Reduces the financial burden on contractors and project owners

• Protects against third-party lawsuits in the event of an accident

• Supports project credibility, as many projects require insurance

• Accelerates project recovery in the event of damage, allowing construction to continue

Trade Credit Insurance

Insurance that protects companies from losses due to default by buyers/debtors in trade transactions, both domestic and export

Credit Life Insurance

Insurance that guarantees loan repayment in the event of the borrower's death or other risks as stated in the policy

Cash-in-Transit (CIT) Insurance

Insurance that protects money or valuables while in transit, for example from a store to a bank or vice versa

Cash in Transit (CIT) Insurance

Insurance that protects money or valuables stored in a safe at a specific location such as an office, store, or warehouse

Bondings (Surety Bond) Insurance

Guarantee insurance that provides assurance that the insured party (contractor/supplier) will fulfill its contractual obligations

Tailored-Made Policy

A policy specifically designed and tailored to specific needs, conditions, or contexts. This means that this policy is not general or "one-size-fits-all," but rather is formulated based on the specific characteristics of a particular group, organization, region, or situation

Trade Credit Insurance

• Customer bankruptcy

• Delayed payments due to political risk (for exports)

Credit Life Insurance

• Mortgage loans

• Vehicle loans

• Unsecured loans (KTA)

• Leasing financing

Cash-in-Transit (CIT) Insurance

• Robbery

• Theft

• Loss during money transfer

Cash in Transit (CIT) Insurance

• Robbery

• Theft

• Loss during money transfer

Bondings (Surety Bond) Insurance

• Bid bond

• Performance bond

• Payment bond

• Maintenance bond

Tailored-Made Policy

• More Precise and Specific Protection

• Premium Cost Savings

• Reduced Risk of Claim Rejection

• Covers Risks Not Included in Standard Policies

• Flexible to Adapt to Business Developments

• Improved Operational Efficiency

• Supports Project or Client Requirements

• Improved Relationships with Underwriters