General Insurance

General insurance is called non-life insurance in Europe, and property and casualty insurance in the U.S.A. Both descriptions capture the full characteristics of general insurance. It is not related to life and relates to risks associated with commercial and personal activities. As a result, general insurance is broken down into personal and business lines.

General Insurance

General insurance is called non-life insurance in Europe, and property and casualty insurance in the U.S.A. Both descriptions capture the full characteristics of general insurance. It is not related to life and relates to risks associated with commercial and personal activities. As a result, general insurance is broken down into personal and business lines.

Commercial vehicles

Companies owing cars, vans and/or trucks will have different dates for the insurance renewal. Administration can be headache. Negotiation for premiums of the individual vehicle would be another nightmare. To facilitate the negotiation and reduce administration, clients could present the fleet of vehicles as a whole with the insurance companies. Savings in costs and administration would happen.

Group accident

As a staff welfare, companies could provide personal accident insurance to essential staff

Group Travel

Staff who are on regular business trips for the companies can get group travel coverage. However, to reduce travel insurance costs, client can check with insurance advisor, to get special advice. The reduction could easily be over 20-30%.

Office Insurance

Besides employee compensation, Office Insurance also provides coverage against business interruption and public liabilities.

Shop Insurance

In addition to those protection provided by Office Insurance, Shop Insurance also covers inventory kept in the shops.

Product Liabilities

International exporters/manufacturers/traders are exposed to legal claims against the use of their products. Legal costs can be astronomical, even the products are perfect. Product Liabilities Insurance is necessary. Their costs are not necessary prohibitive as perceived by the public. The cost of insurance can easily be built into the costs of production. In fact, sometimes importers require the manufacturers to purchase product liabilities insurance. With the assistance of professional insurance advisors, clients would be able to partner with the appropriate insurance company at reasonable premiums.

Directors and Officers Liability

Commencing 1 April 2012, all directors of public companies are required to purchase Director Liability Insurance. In case of lawsuits, for example, against directors’ breach of fiduciary duty or mis-management, Director & Officer Liability Insurance provides the coverage.

Professional Indemnity

Professionals like accountants or consultants could be involved in lawsuits against their judgment and advice. Professional Indemnity Insurance gives the necessary protection.

Export Credit

Exporters sometimes worry about the full and timely collection of their sale proceeds, when their trades are credit terms. Export Credit gives certain degree of the quality assurance of the buyers. Should the worst happens with the non-payment, export credit gives the necessary money inflow to the exporters.

Marine Cargo

Cargos takes time from port to port. They can be on ships or on trucks. Marine Cargo Insurance provides the necessary protection against any unexpected loss/damage to the shipment.

Employee Compensation

Employee Compensation Insurance is required by law for all operating entities in Hong Kong. However, different industry have different degree of risks. Clients should consult with their insurance advisor for the appropriate coverage.

Contractor All Risks

Building contracts takes time to complete and the premises are exposed to risks. Contractor All Risks Insurance gives the business owners the comfort against any possible loss or damage to the structure, or public liabilities.