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Malayan Insurance unveils new SME business protection

Published Jun 9, 2020 12:00 am
Malayan Insurance Co. Inc. has rolled out a business insurance product available for as low as P1000. Malayan’s Business Protect was redesigned for small and medium business owners, currently struggling with the new business operating climate brought about by the Covid19 pandemic. For a minimum premium of P2.75 per day, with no required minimum sum insured, the business establishment of the policyholder is insured with property insurance which provides coverage against damages to the business premises incurred due to fire and lightning, typhoon and flood, sprinkler leakages, and bursting or overflowing of water tanks, apparatus, and pipes, among others. It also covers built-in extensions namely debris removal, professional fees and fire-fighting expenses in the event of fire to the business. Malayan Insurance also provides SME’s with the Comprehensive General Liability (CGL) cover under its Business Protect product. This provides protection against third party claims as a result of property damage or bodily injury arising from the operations of the business. As a standard feature, the newly restructured product also provides Accident insurance coverage for four named employees of the business establishment with ages not exceeding 69 years, and also provides monetary compensation for revenues lost due to burglary or robbery inside the premises or while in transit. Malayan Insurance also provides options for coverage of motorcycle delivery fleet and company motorcar units assigned to employees, officers. Future-proof your businesses, be it a restaurant, medical or dental clinic accredited with the Department of Health (DOH), barbershop or beauty salon, retail shop, located in shopping malls, kiosk or open-sided booth, a travel agency accredited by the Department of Tourism (DOT), or a water re-filling outlet, furniture store, among others. Avail of the new Business Protect and the “new normal” will become your “business as usual.”
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