This insurance is suitable for construction, machine installation, interior design or renovation. Its coverage includes the ongoing/installing work that is damaged due to fire, natural disasters, accidents, theft, and other causes that are not an exception in the policy.
Covers damages from fire and natural disasters (such as earthquake, storm, thunder, flood, etc.) In case of a commercial building or a factory, the insurance for Industrial All Risks (IAR) can be arranged, which will add more coverage to damages from accidents
Covers damages to the car and liabilities to
third parties. This insurance has 4 types.
– Motor Insurance Class 1
– Motor Insurance Class 2
– Motor Insurance Class 3
– Special Motor Insurance
This insurance is suitable for professions like doctors, lawyers, accountants, engineers, designers, foremen, or even insurance brokers. This type of insurance covers liabilities due to negligence or failure of the insured that causes damages to third parties
It covers directors and officers of an organization that mismanages and causes damages to stakeholders such as shareholders, consumers, customers, public agencies (in case of violation of law & regulation) etc. and the committee/director/officer is sued.
It covers unpaid account receivables, in which the insurance company will offer 90% coverage of total amount of the unpaid account receivables, provided that all the customers (buyers)’ names under insurance must be declared so that the insurance company can analyze the financial security of those customers. This insurance will benefit the company that enters into the business with the new customer. The insurance company will analyze the new customer’s credibility from the global company database.
The Liability for Damages Arising from Unsafe Products Act B.E. 2551 stipulates liability of product owner to consumers, but Product Liability Insurance does not specify which type of products is categorized as unsafe. If a consumer suffers from damages arising from the use of any product, it will be deemed as an unsafe product, according to this Act. Therefore, all product manufacturers should have this insurance to prevent the unpredictable circumstances in the future.
Is a good policy equal to a successful claim? You are here: Home There are 2 important parts in an insurance policy. The first part is conditions and coverage, which can be copied. The second part is claim for indemnity, which requires knowledge, experience and expertise that cannot be copied. The objective of buying an…
Is it more expensive to buy a policy through a broker? You are here: Home The person who can give the best answer is the Department of Insurance (which later became the Office of Insurance Commission—OIC). This department supervises, promotes and controls insurance business, including insurance agents and brokers. Its recommendation is documented as: “Consult…
Why should you buy a policy through an independent broker? You are here: Home When you buy something like a car, wherever you buy it, the quality of that car will be similar for the same model and type. This is not the case for an insurance policy. The same type of policy (such as…
