Protect Your Business with Fire Insurance
Second only to motor insurance, fire insurance is the biggest general insurance policy in the Malaysian market — with over 40% market share in total gross premium for the year 2016. It is one of the most important types of business insurance to ensure the safety of your business.
While most businesses don’t like to think about their business being hit by a fire or natural disasters for any reason, it’s not inconceivable that it could happen. Suburban city Subang, for instance, has one of the highest rates of thunderstorms in the world with about 240 lightning strikes per year.
In the event that a massive thunderstorm hits the area, a giant tree falls onto one of your business premises, and severe damages are inflicted on the infrastructure of your building, the cost of repair for damages could cripple a business if unprotected with sufficient coverage. This is where fire insurance comes in - better safe than sorry.Read More
7 Types of Insurance for Malaysian Restaurants
With ever-changing trends in the market, restaurants are now in a more competitive industry than ever. Therefore, Malaysian restaurant insurance becomes all the more important as it can protect you and your business from a wide range of problems including equipment damage as well as liability lawsuits.Read More
Why SMEs Should Consider Public Liability Insurance?
Malaysian public liability insurance is extremely important for a business, regardless of whether it’s a retail business or an administration office. When SME owners open their doors to the public, this naturally opens up them up to the possibilities of potential liability for a slips, falls and accidents. This is where public liability insurance could really provide a cushion for any curve ball damages or losses of customers that need to be compensated.Read More
Retail Insurance for your business
With over 75% of SME Businesses comprising retail businesses, the importance of retail insurance cannot be under-stated. SME Businesses are the backbone of the Malaysian economy. On a quarterly basis compared to the previous years, it has had an average growth of 2–3% per Quarter.
The increase was driven by retail sales such as stalls & markets (10.8%) as well as the increase in food and beverage stores. Though diversity and options may be great for the economy, it can be bit overwhelming when it comes to retail insurance. With so many options available, it’s hard for businesses to know where to start. It gets even more complicated due to the wide range of businesses in the retail industry.Read More
Why Your Event Needs Event Management Insurance
Event management insurance, also known as special event insurance or event liability insurance is relatively less known about. Despite the fact that organizing events require a huge amount of capital and spending by event management companies, most companies bank on the chance that their events end without a major glitch.
However, with most events involving third parties and multiple vendors, odds are that a few glitches here and there are inevitable.Read More
Why Your SME Needs Business Insurance
While cash flow and capital is almost a universal problem for small businesses, it never hurts to be protected from unpredictable situations for an SME, which is most often closely tied to your livelihood.Read More