Insurance For Small Business In Malaysia
Group insurance policy is a single policy under which a large number of employees from 11 15 can be covered.
Insurance for small business in malaysia. Smes therefore require a suitable packaged insurance policy which will protect their assets liabilities and employees from. Qbe business insurance solution is a suite of insurance options tailored specifically for smes. Aig re takaful was established in labuan international offshore financial center malaysia and offers a whole suite of solutions for businesses. As one of the market leading commercial package products qbe business insurance solutions provides both convenience and peace of mind.
Our construction insurance capabilities are well known in malaysia axa affin having covered projects such as the kuala lumpur international airport the kuala lumpur light railway phase 1 the bukit jalil stadium and the second causeway between johor bahru and singapore. Aia malaysia offers comprehensive business and commercial insurance cover for retail outlets restaurants and offices to meet your changing needs. It is a fully owned subsidiary of aig asia pacific insurance ptd ltd and enjoys the same financial rating of a excellent awarded by a m. It provides a range of useful tools and features that results in substantial cost savings without compromising the insurance coverage of the employees.
The policy provides both defense and damages if you your employees or your products or. Aig understands that malaysia sme businesses operate in a tough and changing environment. Sme operations are still held to the same standards of corporate governance employee welfare and liability as the larger companies and they often have to manage these risks with fewer resources and less time to spare on concerns other than those relating to day to day business. It is operating under the wakalah hybrid model and is established to provide syariah compliant re takaful capacity for the region.
As of 2016 98 5 of businesses in malaysia are made up of small medium enterprises smes and these smes are expected to contribute 41 to the gross domestic product gdp by 2020. Giving you piece of mind. However large or small your plans we can help them come to fruition the contractors all risks car policy protects against loss or damage to the project works construction plant and equipment and third party claims. The cover offered in each of our packages is designed to cater to the particular needs of a trade or business.
Group health insurance is the best possible solution for any small business s insurance requirement. This is why it is important to have the right insurance in place to protect your business and yourself. All the employees covered under these scheme have similar premium payments and term of policy cover.
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