Property All Risks / Industrial All Risks Insurance for SME

Property All Risks / Industrial All Risks Insurance from PT Sompo Insurance Indonesia is an insurance product that provides protection against all risks of loss, with certain exceptions, that may occur to the property belonging to the Insured or for which the Insured is responsible, including disruption of the ability to generate income (profit) that could occur due to damage to the insured property.

The scope of this insurance coverage includes:

1. Material Damage

   Any unforeseen, sudden and unintentional physical destruction or damage other than those excluded.

2. Business Disruption

   Provides protection if the insured's business is disrupted or affected as a result of loss, destruction or damage to the insured property.

The basic benefits above can be extended to additional benefits as needed:

1. RSMDCC (Riots, Strikes, Evil Deeds (RSMD 4.1 A) & Civil Commotion/ Riots)
2. Terrorism and Sabotage
3. Money Insurance – CIS (Cash in Safe)
4. Public Liability for (i) Accidental bodily injury from third parties; (ii) Accidental loss or damage to third party property; occurs in connection with the Insured's business during the period of insurance in Indonesia only with the limit of liability to a certain extent, each accident and in its entirety.
5. Personal Accident; consists of (i) benefits for the event of death; (ii) benefits for permanent disability (partial/total); and (iii) medical expenses of up to 10% of the death benefit

1. Comprehensive property insurance coverage for SMEs
2. Easy and fast application process via digital
3. Direct coverage without a survey*
4. Instant Policy issuance; sent to your email
5. Competitive premium rate

*T&C applies

• Economic and Political Change Risks

  Risks related to changes in economic conditions, political policies, laws and government regulations related to insurance and business both in-country and abroad.

• Liquidity Risk

  Risks related to the insurance company's ability to pay obligations/claims from its customers. In this regard, Sompo continues to maintain its performance to exceed the minimum capital adequacy ratio (RBC) set by the Government.

Fees

• Insurance premium fee
• Own risk / deductible fee

Terms

• The insurance coverage period is 1 (one) year and can be renewed
• The Sum Insured is in accordance with the reinstatement value or other values ​​according to the Customer's input at the time of applying for insurance protection.
• In the event of a loss/claim suffered on the Insured Object, the Insured shall report the incident to the Insurer either by verbal, by telephone, facsimile or in writing within 5 (five) working days followed by evidence and information required by the Insurer for settlement and payment of the claim. The claim documents include (i) Claim Form; (ii) Certificate of chronology of events; (iii) Other supporting documents that are relevant to the claim submitted
• Other provisions refer to the policy given to the customer