Commercial Vehicle Insurance

Commercial Vehicle Insurance protects the insured vehicles - cars, motorcycles, trucks, lorry with cranes and other motor vehicles from claims arising due to traffic collisions and/ or negligence. The claims typically would include physical damages, vehicles damages and bodily injuries. It serves the primary purpose depending on the class of coverage – Comprehensive, Third Party Fire & Theft (TPFT) and Third Party Only (TPO), it may extend to pay out financial benefits to the owner of the insured vehicle upon fire or theft of the insured vehicle and even damage to own vehicle.

Performance Bond

Performance Bond is a guarantee that one party of a contract promises to meet the requirements stated in the agreement, failing which the guarantee will be activated and there will be compensation made to the other party. The liability in this case will be passed on to the insurance company and they will be liable to make good of the compensation agreed upon.

Foreign Worker Bond

Foreign Worker Bond covers foreign workers employed under work permit, employers are required to present $5000 cash collateral as deposit under the law. This cash collateral can be substituted by a foreign worker bond, which will be used as a guarantee towards to the government. The liability of losing the deposit of $5000 when an incident occurs is also passed on to the insurer.

Foreign Worker Medical Insurance

Foreign Worker Medical Insurance is compulsory for employers to purchase for employees holding Work Permit or Special Pass. The minimum sum insured is $15,000 and it provides 24 hrs basic coverage for hospitalization expenses including non-work associated injuries or sickness. Additionally, an employee can claim additional benefits under Work Injury Compensation Act law if he/she is injured or suffers from illness pertaining to work related activities.

Group Hospital & Surgical Insurance

Group Hospital & Surgical Insurance is a medical expense coverage that pays for the insured’s medical and surgical expenses. It also provides other ancillary benefits. The insurance can either pay the medical provider directly or reimburse the insured for the expenses incurred as a result of illness and/ or injury.

Group Personal Accident

Group Personal Accident is a protection against Accidental Death, Permanent Disablement, Medical expenses, Weekly Indemnity, Emergency Medical Evacuation, Repatriation Expense and etc, in the event of accident.

Inland Transit Insurance

Also known as Goods In Transit, provides protection for business owner goods while in transit from one place to another; it may be carried in a train, lorry or any other transportation registered to carry goods. The insurance is designed to cover loss for business owners in the event the goods are destroyed, damaged or loss while in transit. There are 2 types of cover under this class of insurance- all risk and lorry clause-which excludes loss as a result of theft.