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Protection > Life & Commercial > Z-Alliance Biz Protect
Z-Alliance Biz Protect

BENEFITS

 

tick Burglary Insurance

It provides cover against theft of property, only if accompanied by forcible or violent breaking into or out of the premises by any person or persons other than your own employees, loss as a result of armed robbery or robbery with violence and damage to the premises as a result thereof. Example of property: stock-in-trade, office equipment, office furniture, fixtures, fittings and the likes.

tick All Risks Insurance

It provides cover for commercial property from theft, accidental damage and contingencies that are not specifically excluded (building and stock-in-trade are excluded). Example of commercial property: office equipment, office furniture, fixtures and fittings.

tick Money Insurance

It provides cover against loss of money during transit or loss of money kept in your premises and damage to your premises as a result of theft, armed robbery or forcible and violent entry into your premises.

tick Fidelity Guarantee

It provides cover for loss of monies and goods as a result of act of fraud or dishonesty of any of your employee. The act of fraud or dishonesty committed by your employee must have happened during the period of insurance and be discovered during the period of insurance and within six months thereafter, or within six months after the death, dismissal or retirement of your relevant employee, whichever event shall happen first.

tick Group Personal Accident Insurance

It provides compensation in the event of disability or death caused solely by violent, accidental, external and visible events. Covers Accidental Death and Permanent Disability only.

tick Public Liability Insurance

It indemnifies you in respect of legal liability to pay compensation for third party accidental bodily injury, or accidental damage to the property of other persons, caused by or through the negligence of you and your employees.

tick Employer’s Liability Insurance

It indemnifies you against legal liability in respect of any bodily injury or disease by accident sustained by your employees caused during the Period of Insurance and arising out of and in the course of employment by you in the business.

tick Additional Benefits

On top of the broad package protection, you also enjoy these made-for-business benefits:

  • Inconvenience Allowance
    It provides you an allowance up to the limit specified in the Schedule in the event that the properties insured are damaged by Fire and/or Lightning or Insured Named Perils (as stated under the Fire Insurance Policy which must be insured with Zurich General Insurance Malaysia Berhad or Zurich General Takaful Malaysia Berhad).
  • Personal Effects
    You will be reimbursed up to the amount of RM500 in respect of loss or damage of personal effects carried or worn by you or your key personnel (only for one key personnel) present at the business premises arising from theft. This benefit is only payable once during the Period of Insurance.
  • Plate Glass
    You will be paid the actual cost of replacing and fixing the plate glass in its frame or in its normal location with plate glass of a similar type and quality to the plate glass that is broken. Subject to a maximum limit of RM3,000. This benefit is only claimable once during the Period of Insurance. Damage to property during installation or removal of glass; glass that is stock in trade or merchandise; or glass that is only scratched, chipped or discoloured; are excluded from the coverage.

 

SECTION A – PACKAGE BIZ PROTECT PLAN
The premium that you have to pay may vary depending on the selected coverage plan.

Asset and Liability Protection

Plan A

Sum Insured/Limit (RM)

Plan B

Sum Insured/Limit (RM)

Plan C

Sum Insured/Limit (RM)

Annual Premium including SST & Stamp Duty RM10

1,070

1,600

2,000

Burglary (1st loss value) (no full theft)

  • Excess: 1% of loss or Min RM500

50,000

75,000

100,000

All Risks

  • Loss or damage to office equipment, computers, furniture & fittings
  • Excess: 1% of loss or Min RM500

20,000

30,000

50,000

Money

  • In premises (MIP)
  • In transit (MIT)
  • Personal assault (2 persons: RM10,000 each)

7,500 (MIP)

10,000 (MIP)

12,500 (MIP)

7,500 (MIT)

10,000 (MIT)

12,500 (MIT)

Fidelity Guarantee

  • Discovery Period: 6 months 
  • Excess: 10% of loss subject to Min RM1,000

50,000

75,000

100,000

Group Personal Accident (Death / Permanent Disablement)

  • Covers up to 4 named persons

75,000
each person

100,000
each person

150,000
each person

Public Liability

500,000

750,000

1,000,000

Employers Liability

500,000

500,000

750,000

Additional Benefits:
1. Inconvenience Allowance

  • Payable in the event that the properties insuredare damaged by Fire/Lightning or Insured Named Perils*
*Provided the Fire Insurance Policy must be insured with Zurich General Insurance Malaysia 
Berhad or Zurich General Takaful Malaysia Berhad

5% of property damage claimamount or Max RM5,000 any one loss and during any one policy period

5% of property damage claimamount or Max RM7,500 any one loss and during any one policy period

5% of property damage claimamount or Max RM7,500 any one loss and during any one policy period

2. Personal Effects

up to RM500/aggregate

3. Plate Glass

up to RM500/aggregate

SECTION B – EQUIPMENT ALL RISKS INSURANCE ON
MACHINERY & EQUIPMENT (OPTIONAL COVER)

On Static Machines and Equipment for Industrial Use

Rate: 0.50%
Excess: 5% of claim amount or Min RM500 whichever is higher for each and every loss

 

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