Industrial All Risks Insurance
Industrial comprehensive insurance includes the protections included in a standard (standard) fire insurance policy, such as accidental fire, The fire that burns from the other side A fire caused by lightning; This is a type of insurance that includes more comprehensive coverage in addition to damage caused by household gas explosions, fires, etc.
Small and Medium Enterprises, Factory owners Product importers, Entrepreneurs
Equipment and furniture, Goods on premises, raw material, Finished goods
(a) Damage to property
(b) Business Interruption
(a) Damage to property
- Fire used for domestic (or lighting) purposes under a standard fire insurance policy where all damages are covered. electricity Protection against gas explosions.
Explosion damage covered by a standard fire insurance policy; Various wind storms Riot strike malicious destruction breaking and stealing damage caused by land vehicles; damage caused by aircraft; flood water damage Fires caused by earthquakes. Additional protection against spontaneous combustion etc.
Protection against other damages expressly provided under the insurance policy.
(b) Business Interruption
- Compensation for the most profitable offices of the business, such as (1) salary (2) gross profit, etc., related to damage part (a).
Warranty period - (1) year
Sum Insured - The purchase value of the insured property
Insurance Rate -
- Type of building; width
- How the building is used and the type of equipment stored in the garage
- Fire protection (fire protection system planned)
- External risk impact (external risk impact (map or location of building to be insured)
Planning (Building Maintenance System or FEA) In terms of premium, the rates are based on lifestyle; type of construction; property design; fire protection equipment and safety measures; Detailed compensation experience in the last 3 years; It depends on the risk assessment report (if any) and insurance value analysis.
Annual premium - sum assured x rate of insurance
Requirements to be insured
- the location of the hazard; Type of residence and building
- Fire protection equipment and safety measures
- Detailed Claims experience of last 3 years
- Risk assessment report (if any)
- Building location model
- A detailed list of insured values
Matters not covered by compensation
- Political risks and impacts such as war and violence
- Sanction limitations
- the cost of repairing the equipment; Faulty workmanship or design
- Contamination caused by radiomining; chemicals biological material Damage caused by biological chemicals and electromagnetic weapons
- Damage due to cyber security and technical failures.
- Losses due to infectious diseases such as Covid-19
Compensation claim plan
In case of compensation, please notify the Protect hotline no 09253388122 immediately.
If you protect, we will assist you in cases where an employee has to request compensation.
*We are always ready to serve you in order to provide convenience and peace of mind regarding insurance matters.*
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Contact
-
No 13, Room (B-1), Ground Floor Lakeken Street, Pazundaung Township Yangon, Myanmar, PO-11171
- 09777884834
- info@karkwalpar.com
