Biz-Pack Partner

Product information

The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).

Why Biz-Pack
Partner?

Benefits at a glance.

Multiple benefits

Protection from 9 elements that can potentially disrupt or damage your business.
Peace of mind at affordable rates
Flexibility to select the sum insured to match your needs

Varied options

Biz-Pack Partner Office and Services.
Biz-Pack Partner Retail.
Biz-Pack Partner Food and Beverage.
Biz-Pack Partner Beauty and Wellness.
Biz-Pack Partner Budget Hotel/Homestay.

Key coverage

Here is an overview of your coverage

Compulsory cover

1. Fire and Special Perils

Covers loss or damage to your property caused by fire or lightning. For an additional premium, you can extend coverage to these risks.

Aircraft damage
Earthquake and volcanic eruption
Storm/tempest
Flood
Explosion (Non-industrial without boilers)
Impact damage (Including your own vehicle)
Bursting or overflowing of pipes
Riot, strike and malicious damage
Sprinkler leakage

2. Burglary

Covers property that belongs to you or is held by you in trust or on commission, against

Loss by theft resulting from forcible and violent entry
Any attempt thereat including Armed Robbery and Hold-up

3. Money

Covers money that is

Lost
Destroyed
Damaged

whilst in transit or kept in your premises as stated in the Policy Schedule

4. Glass

Indemnifies you if glass at insured premises is broken by fracture through its entire thickness - as a result of any accident or misfortune not otherwise excluded.

5. Public Liability

Indemnifies you against all sums you can be liable to pay compensation for

Bodily injury to or illness of Third party
Loss or damage to property within the premises

resulting from an accident as described in the Policy Schedule

6. Employers’ Liability

Indemnifies you against liability at law to pay compensation to your employees, This includes

Costs and expenses in respect of accidental bodily injury
Diseases arising out of and in the course of employment

In addition, with our written consent, we shall pay for all costs and expenses incurred in defending any claim.

7. Group Personal Accident

Compensates you for your employees bodily injury caused by accidental means which

Injury shall solely and independemtly of any other cause result in death or permanent disablement and/or
Necessitate medical and/or surgery treatment

On top of that, we will pay funeral expenses in the event of accidental death of your employees.

Optional cover

8. All Risks

Covers loss or damage to your property caused by

Fire
Theft
Any other accident or misfortune stated in the Policy Schedule

9. Fire Consequential Loss

Covers you against

Loss of profits, revenue, rental, standing charges, wages or salaries on payroll basis
Increase in cost of working due to business interruption as a result of fire and/or other extended perils

You may select to insure any of the following

Loss of Gross Profit (Difference Basis or Addition Basis cover)
Loss of Gross Revenue
Loss of Gross Rental
Standing Charges only

In addition, you may insure Auditors’ Fees as an additional item under this policy.

How much is my premium?

Your premium may vary depending on the plan you select.

More product
information

Biz-Pack Partner Brochure (Office & Services) - English

PDF, 0.98 MB

Biz-Pack Partner Brochure (Office & Services) - BM

PDF, 0.98 MB

Biz-Pack Partner Brochure (Office & Services) - Chinese

PDF, 1.94 MB

Biz-Pack Partner Proposal Form

PDF, 223.70 KB

Biz-Pack Partner Disclosure Sheet (English)

PDF, 163.89 KB

Biz-Pack Partner Disclosure Sheet (BM)

PDF, 161.47 KB

Biz-Pack Partner Fact Sheet (English)

PDF, 193.98 KB

Biz-Pack Partner Fact Sheet (Commercial) Office & Services - English

PDF, 222.73 KB

Biz-Pack Partner Fact Sheet (Commercial) Retail Shop & F&B - English

PDF, 222.86 KB

Building Cost
Calculator(BCC)

The calculator is a guide only to assist you in determining the estimated sums to be insured for residential properties, simple shop house and shop office and is not a substitute for professional advice to be obtained.

Before using the calculator, kindly note the following:

if any renovations have been made to your property, you are advised to indicate the amount (cost of renovation) in the box provided in the BCC.
if your property has unique or special design features and/or have extensive renovations and/or have complex structures affixed, you are advised to obtain professional advice for a more accurate assessment of your property.

To access to the BCC, kindly click on the following selection:
http://www.piam.org.my/consumer/industry/building-cost-calculator-bcc/

What we
don't cover

✖︎ War, civil war and any act of terrorism.

✖︎ Radioactive and nuclear energy risks.

✖︎ Date recognition.

✖︎ Property damage to data or software.

✖︎ The ‘liability to the public’ section does not cover any asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance of asbestos or exposure or potential exposure to asbestos.

Note:
This list is non-exhaustive. Please refer to policy contract for the full list of exclusions under this policy.

Important Information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is iIn your best interest to refer to the policy contract for the precise terms and conditions of this insurance plan.

The information shown here is for reference only and is accurate as at 1 September 2018.

Note: You should check that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.  