Every business requires protection. You need to protect your properties such as equipment and stocks against unexpected loss posed by problems like break-ins or natural disasters (fire, flood, landslide, etc.) You may also become legally liable from your negligence or that of any of your employees while engaged in your business; therefore, you will need to protect yourself with public liability insurance.
As an employer, you should also protect yourself against employer's liability at law for accidents to your employees. Easi-Biz is the most assurance available to cover all the above contingencies.
Cover your contents including all business and office furniture and equipment fixtures and fittings and goods or stock-in-use in your business up to the sum insured as described in the Schedule of plans, against physical loss or damage by the following perils:
If your contents are destroyed or damaged by any of the perils covered under ‘Contents’, which causes your business premises to temporarily close for business or cease operation, we will pay you a daily inconvenience allowance as specified in the Schedule of plans.
The allowance shall stop the day your business resumes full or partial operation or up to a maximum of 180 days.
Theft, Armed Robbery or Hold-up
Coverage for your contents as mentioned under ‘Contents’ suffer loss or damage while in your business premises as a direct consequence of Theft*.
*theft must be accompanied by actual, visible and forcible violent breaking in or out of your premises, armed robbery or hold-up.
Cover for any fixed glass in doors, windows or display cases that is broken by fractures extending through its entire thickness as a result of accident or misfortune.
Coverage includes the loss of cash bank and currency notes, cheques, money orders, postal orders credit card vouchers, sales vouchers, unused postage stamps and revenue stamps while:
If any of your employees sustains bodily injury by accident or disease arising out of, and in the course of their employment, we will pay all sums of compensation which you shall be legally liable to by law but shall not exceed RM2,000,000 during any one period of insurance.
If you become legally liable to pay compensation or expenses for accidental bodily injury to, or death of another person and/or loss of or damage to another person's property arising from your negligence or of any of your employees while engaged in your business, we will pay those moneys on your behalf.
The limit of liability that we will pay shall not exceed RM1,000,000. In addition we will also pay legal fees up to RM20,000.
Like most insurance policies, OAC Easi-Biz is subject to certain exclusions in its coverage: