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Fire and Special Perils Insurance

Interest Insured
  • Building and Structure, 
  • Machinery &  Equipment
  • Stocks ( Including Raw Material, Unfinished and Finished Goods), 
  • Furniture and Fixture
  • Transporation (such as forklifts, trams...)

And other items located belong to enterprises…
Who Needs To Buy
  • Manufacturing Factory
  • Office Building
  • Resident Building
  • Department store, Trading Center, Market, Supermarket
  • Warehouse
  • Hotels, Restaurant
  • School
  • Hospital
  • Cinema, Thearter, Theme park, Zoo...
  • Musium, Library, Excibition hall, Bookstore....
  • Stadium, Hall, Event center
  • Airport, Train station, Metro station...

And who required to buy Compulsory Fire and Explosion Insurance
Scope Of Cover/ Insured Perils Accidental and Physical loss of or destruction of or damage to the Insured Property while such property is located anywhere within the above risk location(s) caused by:
1. Compulsory Fire and Explosion regulation of The Government
2. Any risks except those covered under Compulsory Fire and Explosion or specifically excluded
(Ex: Lightning, Subterranean Fire, , Boiler Explosion (if it is not predominant risk) all written in conjunction with Fire), Aircraft, Riot, Civil Commotion, Strikes, Locked-Out Workers, Earthquake, Windstorm or Tempest, Flood, Bursting or Overflowing of Water Tanks, Apparatus of Pipes, Impact by Vehicle, Sprinkler Leakage, etc.)
Rating

Depended on the Insured's:

  • Business activity 
  • Risk Management
  • Building Structures
  • Risk Location   
  • Loss History
  • Deductible  
  • Market Condition
  • Financial Report
  • Machine Using Year
Requested Document
  • Proposal Form/ Application Form
  • Detailed breakdown of Insured Property
  • Business License / Investment License
  • Official acceptance about fire prevention & protection system of Fire Police Department 
  • Latest minute of meeting of fire & safety inspection from Fire Police Department
  • List of fire protection systems for each building within the site.
  • Emergency response procedure
  • A statement of profit and loss / a statement of manufacturing cost / Balance sheet (for BI loss calculation)
  • Loss/Claim/Significant incidents history (Fire, Natural hazards, Political perils, theft)
  • Loan/ Leased/ Mortgage contract(s)