Contractor’s All Risks

    If you are a Principal or a Contractor and required by law to have insurance covered for your construction and third party liability in order to have permission from the Ministry of Public Works and Transport, please come to us to discuss about the Contractors’ All Risks Insurance to cover during the construction period for your contract works and/or construction machineries against loss or damage to property and third party liability for accidental bodily injury and third party’s property damage caused by the performance of the construction.

Coverage:

  • Maintenance period
  • Professional fees
  • Removal of debris
  • Loss or damage due to Strike, Riot, and Civil Commotion (SRCC)
  • Property in off-site storage
  • Extra charges for airfreight
  • Extra charges for overtime, night work, work on public holidays, express freight
  • Testing of machinery and installation
  • Inland transit
  • Vibration, removal or weakening of support

ERECTION ALL RISKS

    Similar to Contractor’s All Risks, Erection All Risks policy can also provide a complete protection against unforeseen and sudden physical loss or damage to the plant and machinery during the erection, installation and commissioning period. The coverage also includes Third Parties in respect of property damage and bodily injury caused by your erection project.

MACHINERY BREAKDOWN

    Machinery Breakdown policy broadly covers loss or damage to your insured expensive machinery and equipment due to all kinds of accidental, electrical and mechanical breakdown resulting from internal and external causes during the machinery is in operation/at rest/in the process of dismantling, overhauls or re-erection at the same premises.

CONTRACTOR’S PLANT AND MACHINERY

    Your construction plant, equipment and machinery are your considerable asset working on your project. A plenty of risks might happen before your project is completed and you should be aware of that such as fire, overturning, collision, theft, flood, and so on.
You can rest with peace of mind with our policy because it covers your plant and machinery whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of subsequent re-erection. Some examples of the items to be insured are as follows:

  • Tractors
  • Road rollers
  • Cranes
  • Forklifts
  • Bulldozers
  • Excavators
  • Loaders
  • Hauling Equipment
  • Pavers for asphalt or concrete finishing
  • Vibrators
  • Chain blocks, pulley blocks
  • Site power-generating plant
  • Mobile mixing plant

FIRE

    It is most terrifying to see any building is on fire and that building is your effort and money. Fire can happen unexpectedly at any time if you are careless such as forget to blow the candle, forget to turn off the cooking gas, or electricity short circuit, etc. Imagine what happens when your home, or your property or your business is destroyed by fire?
Our Fire policy covers for your loss or damage to your property (building, equipment, stock) resulting from:

  • Fire
  • Lightning
  • Explosion (domestic purpose)

We can also protect your property against loss or damage caused by:
  • Aircraft
  • Earthquake and Volcanic Eruption
  • Explosion (commercial purpose)
  • Flood
  • Hail
  • Impact damage
  • Riot & Strike
  • Smoke
  • Spontaneous combustion
  • Subsidence and landslip
  • Vandalism & Malicious Damage
  • Water damage
  • Hurricane, Cyclone, Typhoon, Windstorm

PROPERTY ALL RISKS

Our Property All Risks policy cover all risks of physical loss of or damage to all properties owned by the Insured or for which they are responsible, such as fire and allied perils, machinery breakdown, loss of profit caused by the perils insured, and burglary, unless specifically excluded by the policy wordings and endorsement.

BUSINESS INTERRUPTION

    What if your business is on fire? You are forced to close your business because of such interruption? If you hold the Business Interruption Insurance policy, it will help you to cover your loss of profit or earnings until you are able to reopen your business with normal operation.

    Our Business Interruption or Loss of Profit policy indemnify against Loss of Gross Profits due to the Reduction in Turnover and increase in cost of working as a result of interruption to or interference with the Insured's business caused by an indemnified loss destruction or damage under the corresponding Fire and Perils Insurance or Property All Risks policy. So, your business is safe and no need to worry any more once you have this policy with us.

PERSONAL ACCIDENT INSURANCE

    All human life is so precious and of course cannot be measured by money. However, accident can happen anywhere at any time and cause death, disability and bodily injury unexpectedly. What if it happens to you or your employees? In some serious cases, accidents cause employees fatal injury or permanent disabled and unable to work again. Who would cover the cost?
Our Personal Accident Insurance policy covers all of your employees 24 hours and worldwide coverage cause in:

  • Death
  • Permanent Total Disablement
  • Permanent Partial Disablement
  • Medical Expense
Additional Benefits:
  • Incremental Sum Insured
  • Disappearance
  • Insect, Animal or Snake Bites
  • Funeral Expense (death besides accidental means)
  • Accidental Gas Inhalation, Drowning and Food Poisoning
  • Motorcycling Risk

EMPLOYER’S LIABILITY INSURANCE

Employer’s Liability Insurance is one part of a Workers’ Compensation Insurance policy. The first part of fulfils statutory obligations under Workers’ Compensation laws. In other words, you are liable for your employee’s occupational injuries.
To shield you from this liability, the first part of your Workers’ Compensation coverage picks up the cost of work-injured employees’ medical expenses and lost wages in exchange for the policy’s premium
The second part of your policy, known as “Employer’s Liability Insurance,” covers liability arising out of employees’ work-related injuries that are not covered by the first part. Specifically, lawsuits.
How Employer’s Liability Coverage works?
It usually covers all types of employer’s liability claims unless specifically excludes them. Employer’s Liability lawsuits typically involve one or more of the following four claims:

  • Third party over actions
Another party that was held liable for your employee’s injury files this kind of lawsuit against your business. For example, you own a small construction business. One of your employees was injured using a piece of machinery that you had not properly maintained. The employee sues the manufacturer of the equipment, and the manufacturer turns around and sues you for contributory negligence (Note: in these cases, the employee can still collect Workers’ Compensation benefits and file a lawsuit against third party.)
  • Loss of consortium
An injured employee’s spouse files this type of lawsuit. They sue your business because their spouse is no longer able to ‘engage’ in marital relations after their work injury.
  • Dual-capacity suits
An employee can file this type of lawsuit against their employer when a product the employer manufactures is the cause of their injury. That means you would be liable as both an employer and as a manufacturer.
  • Consequential bodily injury
If your employee’s family members suffer bodily injuries as a consequence of the employee’s injury, they could sue your business. For example, your roofer’s wife suffered an aneurysm from high blood pressure/stress after he fell off a roof and became paralyzed. She could sue you for medical damages.

When these claims happen, Employer’s Liability Insurance can cover your business:
  • Legal defense fees
  • Settlements
  • Damages or judgements
  • Other court costs

MARINE INSURANCE

With a Marine Cargo policy with us, you are worry free for your goods which is transporting from warehouse of the factory to the final warehouse destination. We also understand that your businesses as the importers and exporters are very much exposed to big financial risks when your goods/cargos are on the way internationally or even locally.
We have three types of Marine insurances, flexible and suitable to your mode of transportation.

  • Marine Cargo (by sea)
  • Inland Transit (by land- road/rail)
  • Air Cargo (by air)
We will be responsible for financial compensation for physical loss or damage to your cargo.
The scope of coverage may include below:
  • All risks of loss or damage to the subject-matter insured other than those excluded under General Exclusions Clause, Unseaworthiness and Unfitness Exclusion Clause, and Strikes Exclusion Clause; or
  • Loss or Damage to the subject-matter insured caused by:
    • Fire
    • Explosion
    • Stranding
    • Grounding
    • Sinking
    • Capsizing of vessel
    • Overturning and Derailment of Land Conveyance
    • Collision or Contact of vessel with any external object other than water
    • Discharge of Cargo at port of distress
    • General average Sacrifice
    • Jettison
    • Washing overboard
    • Entry of sea, Lake or river water into vessel, craft, hold conveyance, or place of storage
    • Total loss of packages lost overboard or dropped during loading or unloading
    • Earthquake, volcanic eruption or lightning

AVIATION INSURANCE

We provide a wide range of cover for Airlines with All Risks and Liability:

  • Hull All Risks (covers physical loss or damage to aircraft)
  • Hull War and Allied Perils (covers loss or physical damage to the aircraft as a result of war, civil war, revolution, strikes, riots, civil commotions, terrorism, sabotage, confiscation, hijacking)
  • Deductible (covers the same risks as the Hull All Risk, reduces the market deductible/risk retained by the Airline)
  • Spares (cover items in store or removed from the aircraft and replaced.)
  • Liabilities (Aircraft Third Party Legal Liability, Passenger & Baggage Legal Liability, Cargo & Mail Legal Liability, General Legal Liability and Personal Injury)

PUBLIC LIABILITY INSURANCE

This insurance is essential cover for business that regularly deal with clients and members of the public. In an increasingly litigious society, having the right insurance is key if you want to protect your business from expensive legal fees and costly payouts. As a specialist insurer, we understand the risks facing your industry. Public and product liability insurance covers your business against:

  • Injury you cause to a third party during your business activities
  • Damage you cause to third party property
  • Personal injury or damage to property arising from any product you have supplied
    • Advertising Neon Signs
    • Swimming Pool Liability
    • Car Parking
    • First Aid Facilities
    • Loading and Unloading
    • Social and Sports Activities
    • Tenant’s Liability
    • Cross Liability
    • Defective Sanitary Installation
    • Liability for Personal Effect
    • Fire Brigade Water Damage
    • Deleterious Food and Drink Poisoning
    • Demonstrations and Exhibitions
    • Fire and Explosion
    • Plants, Machinery, Lifts, Hoists, Cranes & Other Equipment
    • Elevators and Escalators Liability
    • Innkeeper’s Liability

MONEY INSURANCE

Money Insurance policy provides cover for loss of money in transit between the insured's premises and bank or post office, or other specified places occasioned by robbery or theft. The policy also cover loss by burglary or housebreaking whilst money is retained at Insured's premises in safe(s) or strong room.

Scope of Cover

  • Section I: Covers money in transit under the following heads: Cash, Bank Drafts, Currency Notes, Treasury Notes, Cheques, Postal Orders and current Postage Stamps.
  • Section II: Covers money in safe / on premises (also include the coverage for damage to safes and /or strong rooms)

BURGLARY INSURANCE

Grant yourself total peace of mind against theft and burglary! Burglary insurance provides protection against incidents of theft to your property. This policy covers losses or damages to your property and its contents in your business premise due to:

  • Theft by actual, forcible and violent entry
  • Hold-up or armed robbery
You can either insure your property:
  • FULL VALUE BASIS: This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure adequacy of the sum insured since the insurance will be subject to the Average Clause where you will not be fully indemnified at the time of loss if the property is under insured. The correct sum insured should be what you consider to be the highest value at risk at any one time.
  • FIRST LOSS BASIS: This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The sum insured shall be based on your assessment

BANKER BLANKET BOND

BBB Policy is insurance for the financial institution covering all its employees. This includes instances of fraud, dishonesty, theft, forgery and third party computer and funds transfer fraud.

Benefits

  • Able to write policies in US$ as well as other foreign currencies
  • Ability to write in foreign territories
  • Insured definition includes subsidiaries and companies in which the insured holds a controlling interest
  • Extremely wide definition of employee
  • Coverage

    • Infidelity of employees.
    • On the premises.
    • In transit.
    • Forgery or alteration.
    • Securities.
    • Counterfeited currency.
    • Offices and contents.

    ELECTRONIC COMPUTER CRIME

    Online crime can ruin businesses, subjecting their operations to denial of service and virus attacks as well as data loss. Our Electronic Computer Crime Insurance policies can help. Designed to complement your organization’s risk prevention programme, they offer comprehensive protection for your business bottom-line against such crimes.

    Coverage

    • Damage or destruction of electronic data or software caused by the introduction of a computer virus into the computer system of the insured
    • The acts of a hacker causing damage or destruction to electronic data or software
    • The fraudulent modification of electronic data or software by a third party
    • Robbery, burglary, larceny or theft of electronic data or software
    • Electronic transmissions loss due to the transfer, payment or delivery of funds or property, resulting from the insured having relied on fraudulent or unauthorized electronic communications from customers
    • Insured's service entity operations loss due to the fraudulent input, modification or destruction of electronic data while the insured is acting as a service entity for customers
    • Extortion loss due to a person other than an employee having gained unauthorized access to the insured's computer system

    FIDELITY GUARANTEE

    A Fidelity Guarantee is a contract of insurance and also a contract of guarantee to which the general principles of insurance apply. Fidelity Guarantee Insurance embraces policies indemnifying employers against pecuniary losses on account of forgery, defalcation (misappropriation of money), embezzlement (diversion of money to one’s use) and fraudulent conversion by employees. The object is to provide protection against losses arising out of the default of an individual acting in some capacity such as Cashier, Accountant and Store-keeper, etc.

    Scope of Cover

    The Policy covers the loss sustained by the employer by reason of any act of forgery and/or fraud and/or dishonesty of monies and/or goods of the employer on the part of the employee Insured committed on or after the date of commencement of the Policy during uninterrupted service with the employer. The loss should be detected during the continuance of the Policy or within 12 calendar months of the expiry of the Policy and in the case of death, dismissal or retirement of the employee within 12 calendar months of such death or dismissal or retirement whichever is earlier.

    DIRECTOR & OFFICER INSURANCE

    A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as "management errors and omissions liability insurance," covering claims resulting from managerial decisions that have adverse financial consequences. The policies contain "shrinking limits" provisions, meaning that defense costs—which are often a substantial part of a claim—reduce the policy's limits. This approach contrasts with commercial general liability (CGL) policies, in which defense is covered in addition to policy limits.

    PROFESSIONAL INDEMNITY INSURANCE

    Regardless of how many years’ experience your firm may have, there is always the possibility you (or one of your team) could make a mistake. Professional indemnity insurance covers against a wide range of scenarios, including:

    • Professional negligence (i.e. Making a mistake in a piece of work for a client)
    • Loss of documents or data
    • Unintentional breach of copyright and/or confidentiality
    • Defamation and libel
    • Loss of goods or money (your own or for which you are responsible)

    SURETY INSURANCE

    To run your business, you need guarantees for contracts and other financial obligations. Our surety experts provide industry-leading, innovative bond consulting services. We support corporations and construction contractors with a dedicated, global network of surety specialists who know the industry and its characteristics. With our Surety, you can also replace bank letters of credit or insurance guarantees with more cost-effective surety bonds, freeing up credit capacity for other business needs.

    RUBBER PLANTATION INSURANCE

    Rubber is one of the important crops cultivated in Kampong Cham, Mondulkiri, Ratanakiri, Kratie, Preah Vihear province, and so on. The rubber plantations are exposed to perils like fire, lightning, forest fire, bush fire, flood, storm, tempest, inundation, land slide, rock slide, earthquake, drought, etc.

    If you have a Rubber Plantation Insurance policy with us, we help you minimize your financial risk and can protect your plantation against:

    • Fire
    • Lightning
    • Explosion
    • Aircraft
    • Windstorm
    • Removal of debris
    • Fire Fighting Expenses
    • Strikes, Riots and Civil Commotion
    • Malicious Damage

    CREDIT INSURANCE

    Credit insurance protects your business from non-payment of commercial debt. It makes sure that your invoices will be paid and allows you to reliably manage the commercial and political risks of trade, resulting in safer and more strategic accounts receivable management. Trade credit insurance is a means for your business to trade confidently and with less risk.

    Benefits

    • Safer Business Growth
    Credit insurance gives you the confidence to expand your sales to new and existing customers and markets. It also enables you to sell on open account terms, which can be a major competitive advantage, especially for exporters.
    • Thorough Customer Insights
    Our knowledge helps you pick the right customers and make the best decisions for your business. We tell you everything you need to know about your customers, potential customers and marketplace so you can grow with confidence. Our risk information database is a valuable support to your in-house credit management team or program.
    • Optimized Financial Risk Management
    With a credit insurance policy, you can better control and protect against bad-debt losses. You can use this financial risk management tool to safely explore and develop new markets. Credit insurance also gives you the reassurance that your invoices will be paid even if your customers default, which is critical to protecting your cash flow.
    • Better Borrowing and Bank Financing Options
    Your business can secure better bank financing and borrowing terms with the security that trade credit insurance provides. Credit insurance lets companies borrow against receivables to obtain a larger loan or more favorable rate. In some cases, your bank or lender may actually require credit insurance in order to qualify for a loan.

    MOTOR VEHICLE INSURANCE

    There are many traffic accident cases occurring in Cambodia nowadays. Sometimes, even if your vehicle is parked, it is still on risk. For instance, it is lost by theft or the coconut fell down on your car and caused damage to your car’s windscreen. Who will be responsible for that cost?
    If you have the insurance with us, it will become our responsibility and we will:

    • Pay the cost of repairs of your vehicle, or
    • Pay in cash the amount of the loss of or damage to your vehicle, or
    • Reinstate or replace the vehicle
    • Pay the towing charges
    • Pay the cost of breakage of windscreen or window glass without loss of No Claim Discount or application of deductible for the first time.
    We provide a comprehensive coverage for your beloved vehicles (private and commercial cars) against:
    • Third Parties Liability
    • Death or bodily injury to third parties
    • Damages to third party’s property
    • Legal costs for defense of any charge including the charge of causing death (other than murder)
    • Own Damage
    • Theft
    • Accident to driver
    • Accident to passengers

    MOTORCYCLE INSURANCE

    You can enjoy up to 20% if there is no claim made or arises. We will pay you against accidental loss or damage to your motorcycle:

    • by accidental collision or overturning
    • by accidental collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear
    • by fire, external explosion, self-ignition or lightning
    • by burglary, housebreaking, or theft
    • by malicious act

    HEALTH INSURANCE

    Your health is your life and your wealth. If something unexpected happens to you with a serious illness – hospital expenses can quickly rack up. Individual health insurance can help prevent staggering expenses if you face a medical emergency. Major medical insurance is a type of coverage that provides benefits for a broad range of health-care services, both inpatient and outpatient. This health insurance can save you money on routine doctor's visits, prescription drug coverage, and other medical services.

    Our main coverage includes:

    • Daily room and board
    • Hospital general fees
    • Surgical fees
    • In Hospital doctor visits
    • Pre-hospitalization service
    • Post-hospitalization service
    • Emergency treatment of accidental injuries within 24h after the accident
    • Home nursing
    • Funeral fee
    • Government hospital cash allowance

    We can also offer many other benefits as follows:
    • Outpatient
    • Pregnancy/Maternity
    • Dental Care
    • Vision Care

    TRAVEL INSURANCE

    Whether you are on a business trip or a personal trip, if something goes wrong and does not follow your plan, then it becomes a risk! It can be suddenly you got sick, lost passport, loss money or baggage, hijacking, accidental death or disablement during your trip, etc. What is your solution? Travel Insurance policy shield you 24 hours emergency medical assistance and services provided by international hotline.

    Coverage:

    • Personal Accident (Accidental death or Permanent total disablement)
    • Medical Expense (Reimburse for medical treatment sustained outside the country of Origin)
    • Medical assistance
      • Emergency Evacuation
      • Repatriation
      • Return of mortal remain
      • Hospital expenses guarantee
      • Additional travel accommodation expenses
      • Family member visit
      • Return of Children
    • Travel Assistance
      • Pre-trip Information Services
      • Embassy Referral
      • Interpreter Referral
      • Legal Referral
      • Medical Service Provider referral
    • Baggage and Personal Effects (Loss, physical break or damage directly resulting from theft, robbery, burglary, accident, or mishandling by carrier)
    • Baggage Delay (Expenses for emergency purchases of essential items of toiletries or clothing consequent upon temporary deprivation of baggage for at least 12 hours)
    • Loss of Travel Document (The cost of obtaining replacement of passport, visa, air tickets)
    Travel Delay
    • Curtailment of trip or Cancellation Charges
    • Personal Liability