Customers:
Generali General Insurance
Generali Direct
Customer Portal
Generali Life Insurance
MyGenerali
Agents:
Omni AG
This policy covers the vessel’s hull and machinery during their operation within the specified trading limits.
The covers include:
a. Institute Time Clauses (Hull) covering Partial Loss and Total Loss of the vessel insured.
b. Institute Time Clauses (Total Loss only) covering Total Loss (Actual Total Loss and Constructive Total Loss) of the vessel insured caused by the following perils:
o Perils of the seas, river, lakes or other navigable waters
o Fire, explosion
o Violent theft by persons from outside the vessel
o Jettison
o Piracy
o Break down of or accident to nuclear installations or reactors
o Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbour equipment or installation
o Earthquake, volcanic eruption or lighting
o And provided such loss or damage has not resulted from want of due diligence by the Assured, Owners or Managers
o Accident in loading, discharging or shifting cargo or fuel
o Bursting of boiler breakage of shafts or any latent defects in the machinery or hull
o Negligence of Master, Officers, Crew or Pilots
o Negligence of repairers or charterers provided such repairers or charterers are not an Assured hereunder
o Barratry of Master, Officers or Crew
c. The following are some of the Major Exclusions in the Policy:
o War, Strikes, Malicious Acts Exclusion (this may be extended subject to an additional premium to be agreed)
o Nuclear Exclusion
o Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapon
Note: This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Designed for owners of small and medium sized businesses (SME), the Multi Biz Protector Enhanced is a customisable and comprehensive insurance plan that covers key business risks.
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Most of the risk exposures are covered in this ‘one-stop’ package. There is no need to worry about what you may have missed out.
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Main classes of insurance are packaged into one product. One product, one expiry date, one insurer, making it easy to manage.
Especially for our customers, this package is priced competitively to cater to your needs.
Choice to extend additional insurance coverage for Inconvenience Allowance, Heavy Equipment, Machinery Breakdown, Goods in Transit and Products Liability.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Generali Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my)
• First payout benefit within 5 working days (applicable to physical damage caused by re or other insured perils only)
• Second payout benefit (up to 10% of claims payable for selected plans) upon receipt of full documents and claims verification
Complimentary coverage that includes Aircraft Damage, Earthquake, Explosion, Bush Lalang, Riot Strike Malicious Damage, and Damage by Falling Trees, covering up to 10% of total sum insured or a maximum of RM1,000,000
Provides full Construction All Risks and Third-Party Liability coverage with limit up to RM200,000 for Material Damage and RM100,000 for Third Party Liability.
Up to RM1,000 payout each on:
• Innkeeper’s liability (applicable to budget hotels, homestay, boarding house and rest house operator)
• Signboard / neon sign damage due to fire and windstorm
Cover the necessary extra costs of temporary repair and of expediting the permanent repair, replacement or reinstatement of property insured, up to RM10,000
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Complimentary built-in perils -Aircraft Damage, Earthquake, Explosion, Bush Lalang, Riot Strike Malicious Damage and damage by falling trees with sub-limit of 10% of total sum insured, up to maximum of RM1million
Enhance your coverage from loss or damage caused by other named perils and more.
