AIA Malaysia

A-Commercial Plus

 

We provide comprehensive cover for Retail Outlet, Restaurant, Office, Salon, Laundry and Clinic against your increasingly changing business protection needs.

Commercial Package

A comprehensive coverage specially designed for businesses occupied in buildings of Class 1A Construction

Section A: Fire
Provides cover to the insured in the event of loss or damage to the property insured due to:

  • Fire
  • Lightning
  • Explosion (without boilers)
  • Riot, Strike and Malicious Damage
  • Bursting or overflowing of water tanks, apparatus and pipes

Section B: Burglary
Provides protection against loss of or damage to property insured such as stock-in-trade, furniture, fixtures and equipment within the insured premises due to theft through forcible entry to or exit from the building.

Section C: Money

  • Provides protection against loss of monies by robbery or any such attempt thereat within the insured premises including damage to the premises.
  • Provides protection against loss of monies by robbery outside the premises while being conveyed by authorized personnel from bank to insured’s premises and vice versa only.
  • Provides protection against loss of monies from locked safe or strongroom or locked cabinet or cash register and/or petty cash boxes or locked drawers by burglary or attempt thereat including damage to the premises.
  • Plus Personal Accident (Assault) – Cover is provided for injury to 2 employees as a result of robbery, for the following benefit:
    • RM 10,000 following death or loss of limbs or sight or permanent total disablement

Section D: Public Liability
Provides protection against insured’s legal liability to third parties for bodily injury/death and/or property damage arising from accident happening during the period of insurance and in the course of the insured’s business.

Section E: Plate Glass
Provides protection against accidental damage to fixed glasses.

Section F: Employer’s Liability
Provides cover to indemnify the employer against his common law liability in respect of any personal injury sustained by his employee/s in the course of employment.

Section G: Group Personal Accident
Provides cover to you and your employees against accidental injury or accidental death.
This Package is specially designed to provide you with a comprehensive cover for your company and it is applicable to:

Premises of Building Class 1A construction

  • Class 1A (Walls – Wholly bricks/concrete and Roof – Tiles/concrete/zinc/asbestos)
Schedule of Benefits
SECTIONS INSURANCE COVERAGE SUM INSURED/LIMITS OF LIABILITY (RM)
A FIRE
  Coverage: Fire, Lightning, Explosion (without boilers), Riot, Strike
and Malicious Damage and Bursting or overflowing of water tanks,
apparatus and pipes.
To be determined by the Insured (Total sum insured
for Section A & B should not exceed RM2,000,000. If exceeds this amount, refer to the Insurer).
  PLAN A PLAN B PLAN C PLAN D
B BURGLARY
  Loss of or Damage to Property Insured under Section A 35,000 50,000 80,000 100,000
C MONEY
  Money in the insured premises, in custody or in charge of the insured
a) Money in the insured premises
i) Cash kept in the locked cabinet, locked drawer, cash
registers and/or petty cash boxes.
ii) Cash kept in locked safe or strongroom:
- During business hours
- After business hours
iii) Cash kept in the premise not otherwise described in (i) and
(ii) above
b) Money in transit
c) Personal Accident (Assault) per person (up to 2 persons)
1,500
5,000
3,000
750
5,000
10,000
2,000
10,000
5,000
1,000
10,000
10,000
2,500
15,000
10,000
2,000
15,000
10,000
3,500
20,000
15,000
3,000
20,000
10,000
D PUBLIC LIABILITY
  On insured’s legal liability to third parties for bodily injury/death and/
or property damage.
- Limit on any one event
- Limit on any one period
200,000
1,000,000
300,000
1,000,000
500,000
1,000,000
1,000,000
1,000,000
E PLATE GLASS
  To fixed glasses up to 3,000 5,000 10,000 20,000
F EMPLOYER’S LIABILITY
  On Employees
- Limit on any one event
- Limit on any one period
100,000
1,000,000
200,000
1,000,000
300,000
1,000,000
500,000
1,000,000
G GROUP PERSONAL ACCIDENT
  On Accidental Death and Permanent Disablement
(up to 4 persons, age 18 – 65 years old)
15,000
per person
15,000
per person
20,000
per person
20,000
per person
  PREMIUMS FOR SECTION B, C, D, E, F & G (Inclusive of 6% GST)
  CATEGORY 1 740.94 982.62 1,544.42 2,063.82
  CATEGORY 2 506.68 689.00 1,052.58 1,537.00
  CATEGORY 3 788.64 1,055.76 1,612.26 2,275.82
  CATEGORY 4 820.44 1,169.18 1,828.50 2,540.82

Note:
1. Burglary
a. Without burglar alarm and/or CMS (Central monitoring system), Policy is subject to an excess of 5% of sum insured on each and
every claim.
b. This section (Section B) is subject to minimum protection, where all entrances/exits including windows must be protected with iron
grills and quality padlocks.
2. AIA will only be liable for one (1) plan of this type issued. If there is more than one such plan being covered, AIA will only pay the benefit
under one plan, which AIA will nominate, and will refund in full any premiums that were paid under any other plans.

Q1: There are 7 classes of insurance in this package; can I purchase only the Fire class?
A: Fire, Burglary, Money, Public Liability, Plate Glass, Employer’s Liability and Group PA classes are packaged together and are compulsory.

Q2: When insuring my stock, how much should I insure?
A: You should insure your stock at its highest level within the period of insurance.

Q3: Do I need to notify the Insurer of any changes to my risk; for example installing hazardous goods in the premises, shifting my stocks to another location etc.?
A: Yes, you need to notify the Insurer immediately if there are changes to your risks, otherwise should a claim be made, the Insurer has the right not to be liable for your losses.

Q4: Is armed robbery covered for both Burglary and Money insurance?
A: Yes it is.

Q5: Are excess applicable?
A: Yes, excess are applicable to Burglary insurance, subject to the trade, locality of risks and also whether any safety measure is attended to such as installation of burglary alarm and/or central monitoring system.