Manufacturing Insurance and Warehouse Insurance Malaysia Hotlime +6011-12239838

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Manufacturing Insurance and Warehouse Insurance
Enquiry Via ACPG Whatsap +6011-12239838
ACPG Whatsapp Team
 
Manufacturing Industry
 
Insuring your needs while providing services that help control costs and reduce ongoing risk
 
The manufacturing industry is one of the most diverse, with a myriad of products requiring different production methods, sold to different markets, and facing different opportunities for innovation and economic performance.
 
From the production line to the export market, the risks they face are almost as broad, forcing manufacturers to work harder and smarter to maintain competitiveness.
 
ACPG principal insurers offers the widest range of policies for the manufacturing industry in the Malaysia market, backed by the knowledge and expertise of our experienced underwriters, loss prevention engineers and claims staff, giving Malaysia businesses the confidence to expand and grow both at home and internationally.
 
Commercial & Industrial Fire
This product covers accidental physical loss, destruction or damage to property insured other than by an excluded cause and subsequent income loss resulting from such interruption or interference.
 
Extended Warranty
Our Service Contract Reimbursement program allows you to extend the manufacturers’ warranties up to a maximum of five years from the date of purchase for your electrical appliances, mobile devices and furniture with similar manufacturer’s protection against structural (furniture), mechanical or electrical failures.
 
Trade Credit
Trade Credit Insurance protects open account sales – export and domestic – against non-payment resulting from a customer’s legal insolvency or protracted default. Apart from protecting the insured’s primary source of cash and the accounts receivable, our coverage can potentially enable the insured to expand sales in new markets and offer more competitive terms of sale.
 
Product Liability Insurance
A manufacturer may be held liable for bodily injury or damage to property of others caused by defective products.
 
Marine Cargo Insurance
Comprehensive cover against risks of loss or damage of goods in transit from point A to B by sea, air (including courier) and land.
 
Foreign Workers Scheme
AIG Foreign Workers Insurance Scheme is designed with the understanding that your employees are your assets and that taking good care of your foreign workers will ensure the smooth running and success of your business operations.
 
Group Personal Accident
This product provides compensation in the event of injuries or death caused by sudden and unforeseen accident. Coverage is provided 24/7. This product is specially customized according to your needs and can be purchased by a company to cover its employees, provided that all employees are included for coverage.
 
Group Medical
With rising medical costs, you need a medical program that is cost effective to ensure your most valuable asset, your employees are protected.
 
Business Travel Insurance
In today’s global environment, it is comforting to know that your employees can travel with peace of mind with our comprehensive Group Travel Insurance. Whatever your employees’ travel patterns, we have plans that offer an extensive array of coverage that provides travel protection.
 
Management Liabilities
Provides the most innovative and extensive insurance for your directors and officers.
 
Commercial Crime
Protection against fraud, dishonesty, third party computer and funds transfer fraud.
 
Environmental Impairment Liability
Environmental insurance provides customers with the broad coverage they need to adequately protect their business from the continuously changing environmental landscape.
 
Public Liability
Public Liability provides indemnity to an Insured for his legal liabilities as well as legal liabilities of his representatives and employees arising in connection with the Insured’s business, carried out at and from the specific place of business.
 
Workmen’s Compensation and Employers Liability
An employer may be legally liable to provide compensation to his workers and their dependents for personal injury/death by accident arising out of and during the course of employment. This covers the employer for such liabilities.
 
Comprehensive General Liability
Businesses have a duty of care to their customers, as well as to the general public. Legal defence and compensation costs that follow an accident or injury caused by your company’s activities can be crippling. General Liability cover from ACPG principal insurers ensures that the injured party receives fair compensation without putting your business at risk.
 
Oil and Gas Service Contractors
Oil and Gas Service Contractors in the ASEAN Region (OSCAR) fulfills the insurance contractual requirements of general oil and gas contractors. It provides comprehensive cover for Workmen’s Compensation and Employer Liability and General Liability for oil and gas contractors working onshore and/or offshore.
 
Malaysia Insurance Corporate Agency
ACPG Management Sdn Bhd (Insurance Biz since Year 1989)
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumpur, Malaysia.
+603-92863323, +6011-12239838, +6012-6489838
 
For more information or quotation enquiry, please contact our ACPG Whatsapp Team
 
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Consequential Loss Insurance Kuala Lumpur Malaysia

ACPG BZR30P38
Consequential Loss Insurance Kuala Lumpur Malaysia
Arranged By
ACPG Management Sdn Bhd
+603-92863323
Consequential Loss Insurance (Fire) or Loss of Profit Insurance or Business Interruption Insurance
As in the past in our knowledge series, we shall endeavor to present the above insurance in the simplest possible way with a view to elicit interest and also to exemplify its importance.
As in the past in our knowledge series, we shall endeavor to present the above insurance in the simplest possible way with a view to elicit interest and also to exemplify its importance.
When a fire occurs at premises used for the purpose of conducting a business, whether industrial, mercantile or Professional, the owner of the business will usually be insured against damage to his property by fire etc and will in due course be able to recover his material loss.
With the proceeds of his claim he can, in time, replace his lost or damaged property and resume his business but, until this can be done, the profits which he was previously earning will have ceased, wholly or in part.
In addition, there will almost certainly be fixed expenses arising from the business e.q. salaries, rent, municipal taxes, which be will have to continue to meet, even if his profits have entirely vanished.
Faced with the situation, he may find means to reduce or even eliminate the loss of his profits but this will call for expenditure perhaps substantial – which he may not have the funds to meet.
It is to meet this situation that loss of profits insurance have been devised and subject to a suitable type of policy and an adequate sum insured, it affords an insured complete protection against the reduction or cessation of profits following a fire and place him in the same position as though the damage had not occurred.
In these circumstances, a loss of profit insurance should appeal to any businessman as an essential complement to Fire Insurance.
We shall proceed ahead to give a brief idea of important definitions and ingredients which needs to be understood before obtaining a policy:
a) Net Profit:
The net trading profit resulting from the business of the insured at the premises. This does not include all capital receipts and accretion. Provisioning for all fixed charges shall be made including depreciation but shall not include taxation chargeable on profits.
b) Standing Charges:
These are the fixed expenses whi ch wi l l never theless continue to accrue to the insured despite the cessation of business e.q. Rent, Municipal taxes, fixed interest on capital, Advertising etc
c) Indemnity Period:
The period commences when the damage by fire occurs, and ends when the business ceases to be affected there by, subject to the maximum period specified in the policy.
d) Turnover:
The money paid or payable to the insured for goods sold & delivered and for services rendered in course of the business at the premises.
e) Rate of Gross Profit:
The Gross Profit explained above divided by turnover during the financial year immediately before the date of the damage.
f) Annual Turnover:
The turnover during the twelve months immediately before the date of the damage.
g) Standard Turn Over:
The turn over during that period in the twelve months immediately before the date of the loss which corresponds with the Indemnity period.
This st mean that if a fire occurs on 1 January and the business is affected during the following three months, January to March, then in ascertaining the shortage in turn over, the figures for those months are compared with January to March in the proceeding year. This is fairness personified especially in case of seasonal trades.
Measure of Indemnity:
With the aid of the above stated definition, it would now be possible to state in simple terms how the insured would be compensated in the event of a loss.
The amount payable shall be under two heads, which are described as below:
(I) Reduction In Turn Over:
It shall be he sum produced by applying the rate of gross profit to the amount by which the turn over during the indemnity period shall, in consequence of the damage, fall short of the Standard Turnover.
(II) Increase In Cost of waking:
It shall comprise the additional expend it urenecessarily and reasonably incurred for the sole purpose of diminishing the reduction in turnover but the amount shall not exceed the sum produced by applying the rate of gross profit to the amount of reduction there by avoided.
We shall go ahead by giving you a very simple accounting applicability of this policy and make you clearly understand how it fully compensates an insured. By this example, you will able to appreciate that all the aspects are duly taken care of by Malaysia insurers.
Consequential Loss Insurance (Fire) or Loss of Profit Insurance or Business Interruption Insurance for more detail at http://www.acpgconsultant.com.
Malaysia Insurance Services, Malaysia General Insurance, Malaysia Commercial Insurance, Malaysia Medical Insurance
Arranged by
ACPG Management Sdn Bhd
Malaysia General Insurance Risk Management Solution Provider since year 1989.
ACPG Careline +603-92863323
enquiry@acpgconsultant.com

Factory / Manufacturing Insurance Kuala Lumpur Malaysia

Factory / Manufacturing Insurance Kuala Lumpur MalaysiaFactory Insurance FB A4
Exclusive Arranged by
ACPG Management Sdn Bhd
www.acpgconsultant.com
+603-92863323
enquiry@acpgconsultant.com

Factory / Manufacturing Insurance Coverage

– Foreign Workers Insurance
(FWCS / SKHPPA / FWIG)
– Machinery & Equipment All Risks Insurance
– Special All Risk Insurance
– Machinery Breakdown Insurance
– Machinery Breakdown Loss of Profit
– Workmen’s Compensation Insurance
– Group Hospital & Surgical Insurance
– Fire & Lightning Insurance
– Fire Consequential Loss / Fire Profit Loss Insurance
– Water Damage / Flood Insurance
– Goods In Transit Insurance
– Marine Cargo Insurance
– Employer’s Liability Insurance
– Public Liability Insurance
– Product Liability Insurance
– Keyman / Senior Officer Protection

Malaysia Insurance Services, Malaysia General Insurance, Malaysia Commercial Insurance, Malaysia Medical Insurance

Arranged by
ACPG Management Sdn Bhd
Malaysia Largest General Insurance Risk Management Solution Provider since year 1989.
ACPG Careline +603-92863323
enquiry@acpgconsultant.com
www.acpgconsultant.com
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