| Section
|
Interest |
Basic
Sum Insured/Limit |
| 1. |
All
Risks
(Excess: S$200 each &
every claim except fire, lightning &
explosion) |
|
On
Contents including furniture, fixtures & fittings
and plate glass |
S$100,000
(option to increase up to
S$1m) |
| 2. |
Business
Interruption
(Time
Excess: 24 hours all claims) |
|
On
Total Interruption to business resulting from
loss or damage by perils insured as described
under Section 1 - All Risks (up to 100 days) |
S$200
per day
(option
to increase up to S$300 per day) |
|
|
| (a) |
In
Transit |
| |
|
| (b) |
In
Premises
(Sub-limit: S$1,000 in locked drawers/cabinets/cash
registers after business hours) |
(c)
|
In proprietor's/partner's/ director's residence
kept in locked drawers/safes after business
hours |
|
S$5,000
(option to increase up to
S$10,000)
S$3,000
(option to increase up to
S$10,000)
S$500 |
|
On
the life of (up to 2) named proprietor/partner(s)/
director(s) |
| |
| (a) |
Death/Permanent
Disablement |
| (b) |
Medical
Expenses |
|
| |
| |
| S$50,000
each |
S$500
each
(option to increase
to S$100,000 per person for Death/Permanent
Disablement) |
|
|
Your
business operation |
S$500,000
any one accident Unlimited any one period
(option to increase up to
S$2m) |
| 6. |
Workmen's
Compensation |
|
Up
to 4 employees |
As
per WC Act
(option to increase up to
15 employees) |
Basic
Cover Annual Premium (excluding GST) S$250 |
|
You
may top-up your coverage in accordance with your specific
requirements and/or have your choice of Optional Covers,
available as follows:
OPTIONAL
COVER
| 1. |
Fire
and Extraneous Perils |
|
On
Building |
Up
to S$2m |
| |
Up
to 15 employees |
| Minimum
Limit: |
S$5,000* |
| Maximum
Limit: |
S$10,000* |
| * |
any
one occurrence and in the aggregate
|
|
|
|
Special
Benefit - Renewal Loyalty Discount
Subject to no claims on each renewal, the following
loyalty discount is allowed: |
|
1st
renewal |
10% |
|
2nd
and subsequent renewals |
20% |
| Excluded
Businesses/Trades and/or Activities |
|
Container
office |
|
|
Contractors |
|
|
Couriers/delivery
services |
|
|
Detective/Investigation
agencies |
|
|
Events
and exhibitions organisers |
|
|
Financial
institutions |
|
|
Money
changers/Remittance offices |
|
|
Motor
Traders |
|
|
Office
cum store &/or manufacturing operations |
|
|
Security
services |
|
|
Surveyors/adjusters
firms |
|
|
Transportation
companies |
|
| Excluded
Risks/Premises |
|
Risk
not situated in Singapore |
|
|
Premises
not of Class One construction |
|
|
Risk
with property kept in open or without perimeter fence
and/or security |
|
|
Risk
involving work offsite |
|
|
Work
on board vessels |
|
|
Premises
occupied as hospitals, clinics and laboratories (Contagious
and Infectious Disease Extension is not applicable) |
|
| Major
General Exclusions applicable to all Sections |
|
Asbestos or any actual or alleged asbestos related injury
or damage |
|
|
Consequential
loss of any kind or description including penalties
or loss of contract |
|
|
Ionising
radiations or contamination by radioactivity |
|
|
Nuclear
weapons material |
|
|
Terrorism
except as provided under Section 1 - All Risks |
|
|
War
and kindred risks |
|
For more information, call us at Tel: 6336 0477 or email
us at csc@mabgen.com.sg
To download a copy of the brochure and the application form,
please click
here.
|