Construction Insurance Malaysia, Contractor All Risk Insurance Malaysia, Erection All Risk Insurance Malaysia, Engineer Insurance Malaysia,

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Construction Insurance Malaysia, Contractor All Risk Insurance Malaysia, Erection All Risk Insurance Malaysia, Engineer Insurance Malaysia,

Arranged By

ACPG Management Sdn Bhd

www.acpgconsultant.com

+603-92863323

Construction Project Risk Management

A structural collapse, collision, fire or explosion can cause significant damage for a Construction project.

Equally, a severe natural hazard event or unplanned ground settlement can cause significant damage to the project.

All of these material damages can also mean major interruptions and potential delays to start-up as completion dates are pushed out.

Construction projects are always changing through their lifecycle which means the project risk profiles are also continually changing.

This is often a key reason why gaps in risk management occur, even with established risk management approaches.

Our ACPG principal insurer Risk Engineers are trained to spot areas where losses may occur or where there is a potential exposure.

They will make recommendations so you can address these areas before they become a problem.

ACPG principal insurer Risk Engineers work with our customers and underwriters to identify risk improvement advice that cost effectively mitigates the risk to the business.

We look for bespoke solutions, tailored to the needs and culture of the customer’s specific circumstances.

Our ACPG principal insurers risk assessment approach for Construction uses a globally standardised set of risk factors to identify and assess levels of exposures and controls.

These risk factors are applied appropriately for the specific type and methods of construction.

ACPG principal insurers Risk Engineering and Underwriting have expertise in the following industries and sectors:

Public infrastructure – roads, bridges, tunnels, rail, dams, desalination plants, water and wastewater

Ports – coal and ore loading terminals, container terminals

Energy and mining – oil, gas, petroleum, coal, iron ore, precious metals

Power generation – coal-fired, gas-fired, hydroelectric, solar, wind, nuclear

Manufacturing and processing plants

Buildings – large commercial buildings.

Value-added solutions:

Risk Assessments

Our ACPG insurer approach for Construction site risk assessments uses a globally standardised set of risk factors to identify and assess levels of exposures and controls.

These risk factors are applied according to the specific type and methods of construction.

ACPG Construction Project insurance options

CAR – Construction All Risks

Covers material damage loss arising from contract works on site, transit to or from the contract site (other than by sea or air), contract works stored away from the contract site. It typically covers parties such as the principal contractor, subcontractors, and in some cases suppliers and manufacturers of equipment.

EAR – Erection All Risks

Covers loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery.

DSU – Delay in Start Up

Covers delay in start-up costs associated with a CAR or EAR loss.

ALOP – Advance Loss of Profit

Covers advance loss of profit costs associated with a CAR or EAR loss.

ACL – Advance Consequential Loss

Covers advance consequential loss costs associated with a CAR or EAR loss.

Annual Construction Policies

Covers smaller construction project works up to a certain value as an annual policy.

Construction Third Party (Public) Liability

Covers third party personal injury or property damage as a result of negligence associated with works being undertaken. This can be covered in conjunction or combined with CAR and EAR policies.

Project Cargo

Covers risks of loss or damage to goods and merchandise while in transit by any method of transport – sea, rail, road or air – and while in storage anywhere in the world en route between the points of origin and final destination for construction projects. This can be covered in conjunction or combined with CAR and EAR policies depending on the extent of the shipment and the cover required.

Construction Insurance FB A4

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

Arranged by

ACPG Management Sdn Bhd

Malaysia Experience Commercial Insurance Risk Management Solution Provider since year 1989.

ACPG Careline +603-92863323

enquiry@acpgconsultant.com

www.acpgconsultant.com

www.facebook.com/acpg.management

Public Liability Insurance Kuala Lumpur Malaysia

Exhibition Liability Insurance FB Wall Post

Shopping Mall Installation Liability Insurance, Commercial Building Renovation Liability Insurance,
Renovation Liability Insurance, Installation Liability Insurance,
Construction Liability Insurance and Contractors Liability Insurance
Exclusive Arranged by
ACPG Management Sdn Bhd
www.acpgconsultant.com
+603-92863323
enquiry@acpgconsultant.com
www.facebook.com/acpg.management
www.walkinonline.com/store/ACPG.php
Shopping Mall Liability Insurance, Commercial Building Liability Insurance, Renovation Liability Insurance, Installation Liability Insurance, Construction Liability Insurance and Contractors Liability Insurance
Installation & Dismantle Period, Project Period, Annual Cover Period
*Public Liability Insurance
*Legal Liability Insurance
*Third Party Liability Insurance
Type of Insurance Coverage
Contractor All Risk Insurance (CAR)
Erection All Risk Insurance (EAR)
Public Liability Insurance (PL)
Workmen’s Compensation Insurance (WC)
Foreign Worker Insurance (FWCS/FWIG/SKHPPA)
Machinery All Risk Insurance
Employer’s Liabiliy Insurance
Group Accident (PA) & Group Medical (H&S) Insurance

 

Public liability insurance

Public liability insurance protects your business against the cost of settling or defending a claim for bodily injury or property damage from a client or member of the public. It’s designed to cover you for all the slips, trips and falls that sometimes simply can’t be avoided in the workplace or in a professional capacity.
What many people don’t realise is that, as a business owner they can be liable for all sorts of accidents both on their business premises and away from them. For example, if you were to damage a client’s property in their office a claim could be brought against you. Likewise, if a member of the public or a client slipped on a wet floor at your business premises and injured themself, you could be held responsible
Public liability insurance explained
Public liability insurance is designed to protect you against claims made by the public that they have suffered an injury or loss as a result of your business.
Even if you don’t have visitors to your office or home, you could still suffer a public liability claim, for example if you accidentally damage a client’s property in their office. In this scenario, public liability insurance would pay out the cost of compensation to be paid to the individual, as well as the legal fees and expenses involved.
Anyone working for you could also trigger a public liability claim against your business if their actions at work injure a client or member of the public.
Do I need any other kinds of business insurance?
To help protect your business, ACPG can provide small businesses with public liability insurance as a standalone policy or it can be purchased together with our range of business insurance products including ACPG Employers’ Liability Insurance.
How much does ACPG public liability insurance cover me for?
How much you’re covered for in terms of compensation pay-out will depend on the level of cover you choose, and you’ll be covered for up to RM100,000 for any legal feels spent in defending a claim.
If you have employees, employers’ liability insurance is a legal requirement and can be bought as a package with our public liability insurance.
Do I need public liability insurance?
If your business premises are visited by clients, or if your employees regularly work off-site, it may be worth considering public liability cover.
If you work from home, you may assume you don’t need a policy, but this isn’t necessarily the case.
Say, for example, you decide to take a marketing stand at your industry’s big trade show to get some publicity for your firm.
But during the show a bit falls off and injures a passer-by; an embarrassing episode could turn into a costly one if that person decides to sue.
Also, if you visit clients’ premises or have access to their equipment, then it’s worth considering buying public liability cover, because if you inadvertently damage their property you may have to pay the cost of repairing or replacing it.
It could be something as simple as knocking your cappuccino over your client’s new MacBook or one of your employees tripping over in a client’s server room. He brings a stack of expensive computer equipment down as he falls, which might seem like a classic ‘You’ve Been Framed’ moment at the time, but the RM1250 you’d earn from the trip (pardon the pun) wouldn’t begin to cover the cost of a new server, when your client sends you the bill.
What does public liability insurance cover?
A public liability policy covers you and your employees against property damage when working in a client’s home, office or business property.
Under the Injury Cost Recovery Scheme, the NHS is now allowed to reclaim the cost of transporting and treating a patient, in cases where personal injury compensation is paid out. So if your business activities injure a third party, public liability insurance will protect you from the cost of a possible NHS claim.
How much does public liability insurance cost?
How much you pay for cover depends on the size and type of your business, and the level of risk it undertakes. Discuss this with your insurer before you buy your policy in order to assess what level of cover provided is right for your business .
You may find clients expect you to have a minimum level of cover, according to your area or industry. This is often the case for businesses working with the public sector where the minimum requirement is usually between RM 5-10 million.
Is public liability insurance a legal requirement?
Choosing not to purchase public liability insurance will not land you with a jail sentence or a hefty fine.
But having the right insurance can make your business look more professional and offer you peace of mind.
You don’t want to get into a spat with one of your best clients over the consequences of an accident or damage to one of their properties.
Getting a public liability policy means you can let your insurer deal with any problems, while you get on with running your business.

 

Malaysia Insurance Services, Malaysia General Insurance, Malaysia Commercial Insurance, Malaysia Property 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
www.facebook.com/acpg.management
www.walkinonline.com/store/ACPG.php
Shopping Mall installation liability insurance FB Wall Post

Malaysia Risk Management Insurance Solution Service Provider

Malaysia Largest Insurance Solution Service provider IVR3001

 

ACPG Management Sdn Bhd

Your Experience Insurance Risk Management and Solution Service Provider since year 1989 and Head Office Located at Kuala Lumpur Malaysia .

For more details of Malaysia Insurance package and risk management services www.acpgconsultant.com and contact our ACPG careline +603-92863323.

Click Here For Insurance Quote Enquiry Form Submission

 

ACPG Management Sdn Bhd

What We Can Do…..

One of the reasons we at ACPG Management Sdn Bhd, are one of the top Property and Casualty Insurance Agency in the Kuala Lumpur Malaysia market, is due to the quality and variety of insurance solution and consultancy services we provide. Be it automotive insurance, fire insurance, all others type classes of life and general insurance, consequential loss insurance, insurance of precious possessions or what have you, you can rest assured that we provide nothing less than what are stated below, which makes us an insurance agency that is truly “Almost with No Comparison”, and we do not make such claims lightly.

With 27 years since year 1989 in the insurance Malaysia market we can

Give our Expert Opinion On Your Risks.

How To Handle The Risks.

Provide The Best Insurance Solutions.

Provide Competitive Premium.

Handle Insurance Claims With Comprehensive Homework.

Work Closely with Insurance Adjusters, Insurer Claim Officers and Policy Holders.

Assisted Claims

By its very nature, a claim is made at a difficult and stressful time. You may need to make a claim because you have been burgled, there has been a fire or flood or worse and your business may be forced to stop operating. In such a situation, you need a settlement and fast.

Most insurance companies are well aware of this and if you are making a claim directly to an insurance company or through an unqualified agent and without any professional help, you may find the small print in your policy is not what you expected or the settlement amount is not enough.

When you have to make a claim, the insurance company will send out a loss adjustor to assess the damage. It is important to understand that the loss adjustor works for the Insurance company and not you so they will put the interests of the insurance company first.

If you are one of our clients, we will represent your interests when the loss adjustor visits the scene and in any discussions or negotiations to ensure you get the best possible settlement.

If you would like to meet for an informal consultation about your insurance needs and how we can place your coverage at exceptional rates, please do not hesitate to contact us.

Risk Management

Risk is when there’s an uncertainty about whether an event will or will not occur. Thus, risk management is the process of identifying exposures to risk, choosing the best method for handling each exposure and implementing it.

Insurance refers to a contract that reduces risk of loss and requires one party to pay a specified sum to another if a previously identified event occurs. Thus, insurance planning is the process of handling and safeguarding against future risk of loss and ensuring sufficient compensation is provided.

Risk Management Technique

When it comes to risk management, there are 4 basic methods :

Risk Avoidance

To avoid engaging in an activity or owning property that might lead to an exposure of risk.

Risk Assumption

To recognize risk and accept it as part of its activities.

Risk Transfer

To transfer risk to another party.

Risk Reduction

To take steps to reduce the uncertainty of loss.

 

 

Malaysia General Insurance Services
Arranged by
ACPG MANAGEMENT SDN BHD
Your Experienced and Trusted
Malaysia Risk Management Insurance Solution Service Provider since year 1989.
ACPG careline : +603-9286 3323,
enquiry@acpgconsultant.com,
www.acpgconsultant.com

Facebook Business page  www.facebook.com/acpg.management